Instability of your finances

[Starmix]

Here are reasons why there is financial instability. It could be mismanagement and fraud incompetent or fraudulent management practices, such as embezzlement, misappropriation of funds, or accounting irregularities. It is important to note that the act could also lead to bankruptcy. It is not good for the business owner to do fraudulent activities like overpricing to innocent buyers or releasing goods in inaccurate measurement or weight. This leads to a failed trust and respect. The customers will gradually leave the business center.

 

[Good-Person]

Financial conditions of many people became unstable during the pandemic and this was a really huge set back for many people. Many businesses never survived and they ceased to exist. Even today those businesses never managed to make a comeback and this is what i call financial instability.

 

[Kane]

For a lot of people, low income is the primary reasons for financial stability. If you are not earning much, and if you cannot save money and invest money, you will remain poor all your life. Therefore, in order to avoid falling into this condition you should start working harder and make more money. You can do so by learning new skills and upskilling yourself

 

[Heatman]

The reason why a lot of people are facing financial instability is because of the level of expenses they are getting into compared to the amount of money they are earning on monthly basis. When your earnings are very low compared to your expenses, you will definitely find yourself in a position of being financially unstable.