5 Common Financial Problems and How to Overcome Them?

Let’s be honest: talking about financial problems still feels a little taboo, right?

But if we, as women, don’t talk about financial problems, who will?

If you’re reading this and thinking, “Wow, this feels personal, especially when it comes to financial problems,” that’s because it is.

Here’s a fact from 2024: According to a survey by ET Money, 63% of Indian women said they feel anxious discussing financial problems, even with family.

Ladies, it’s time to stop feeling bad about your financial problems and start feeling motivated enough to fix them. Let’s rip off the band-aid and get into the five big financial problems that haunt us; and exactly how we’re going to beat them:

1. Living Paycheck to Paycheck

You earn. You spend. You pray your salary hits before your rent’s due.

Rinse and repeat.

This vicious cycle traps millions of women across India. It’s not because we don’t work hard. It’s because money problems are sneaky like that.

What to do:

Start tracking every rupee.

• Use simple apps like Lxme and use its Budget Planner.
• If you can see where your money goes, you can make it stay longer.
• Small cuts like ditching food delivery apps and expensive coffee breaks can add up to huge savings over time. You can even try out Lxme’s Savings Challenges to save 5K to 1 Lakh by investing a new, small amount every day.

2. Crushing Debt

Credit cards, personal loans, “just one quick EMI”, the next thing you know, you’re buried alive.

Debt is one of the ugliest financial problems because it eats your income before you even touch it.

What to do:

• List every single debt you owe.
• Target the smallest one first while paying minimums on the rest (this is called the snowball method).
• Each small win builds momentum until you’re debt-free.
• And no, taking another loan to pay off a loan is not the move.

3. No Emergency Fund

Emergency? In this economy? Between rising healthcare costs and unstable job markets, not having an emergency fund is asking for financial problems. Financial specialists recommend saving 3-6 months’ worth of expenses.

What to do:

• Join Lxme’s Emergency Fund Savings Challenge to save ₹5000 in 21 days.
• Repeat it till you reach your goal amount.
• Use it only in case of emergencies. 

4. No Investment Plan

If your money’s sleeping in a savings account, it’s getting poorer every year, thanks to inflation.

Not investing is one of the sneakiest money issues women face because we’re taught to “save” but not “grow.”

What to do:

• Start small. You can start investing in mutual funds with as low as ₹100 with Lxme, an investment platform for women.
• In 2025, women-only investment clubs are booming. Even you can be a part of Lxme’s Community to discuss everything money in a safe space.

5. Financial Dependence

Depending on your husband, father, or brother for money?

You are handing over your financial freedom. 

What to do:

• No matter how small your income is, manage your own money. You can learn everything about personal finance with Lxme to take charge of your money and life.
• Open your own bank account and investment plan.
• Set financial goals for yourself; no matter if it’s building a business, buying property, or just being able to walk away from anything that doesn’t serve you.
• In 2024, a Groww study showed that more Indian women under 35 are handling their own investments independently than ever before. You’re not behind; you’re right on time to flip the script and Lxme is helping you do that easily.

Remember, money and problems are twins! You can’t have one without the other sometimes. But every financial issue you’re facing today has a way out. You are not “bad with money.” You are not “too late.” You are not “stupid” for getting stuck. You are a woman living in a complicated world, doing her best. And today? Your best includes facing your money issues head-on. One small decision at a time. One brave conversation at a time. One paycheck at a time. You’ve got this!

FAQs:

Further read:

• How to Review Your Budget and Make Adjustments for This Year

• 5 Ways to Protect Yourself from Investment Scams and Ponzi Schemes

• 10 Money Saving Tips for Housewives