{"id":15876,"date":"2025-04-25T12:47:19","date_gmt":"2025-04-25T12:47:19","guid":{"rendered":"https:\/\/lxme.in\/?p=15876"},"modified":"2025-05-17T07:06:10","modified_gmt":"2025-05-17T07:06:10","slug":"common-financial-problems-and-how-to-overcome-them","status":"publish","type":"post","link":"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/","title":{"rendered":"5 Common Financial Problems and How to Overcome Them?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#1_Living_Paycheck_to_Paycheck\" >1. Living Paycheck to Paycheck<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#2_Crushing_Debt\" >2. Crushing Debt<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#3_No_Emergency_Fund\" >3. No Emergency Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#4_No_Investment_Plan\" >4. No Investment Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#5_Financial_Dependence\" >5. Financial Dependence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#FAQs\" >FAQs:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#How_can_you_identify_the_key_financial_challenges_affecting_your_budget\" >How can you identify the key financial challenges affecting your budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#Which_actionable_strategies_can_help_in_managing_multiple_financial_challenges_simultaneously\" >Which actionable strategies can help in managing multiple financial challenges simultaneously?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/#How_do_real-life_examples_of_overcoming_financial_challenges_inspire_better_money_management\" >How do real-life examples of overcoming financial challenges inspire better money management?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>Let&#8217;s be honest: talking about financial problems still feels a little taboo, right?<\/p>\n\n\n\n<p>But if we, as women, don&#8217;t talk about financial problems, who will?<\/p>\n\n\n\n<p>If you&#8217;re reading this and thinking, &#8220;Wow, this feels personal, especially when it comes to financial problems,&#8221; that&#8217;s because it is.<\/p>\n\n\n\n<p>Here&#8217;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.<\/p>\n\n\n\n<p>Ladies, it&#8217;s time to stop feeling bad about your financial problems and start feeling motivated enough to fix them. Let&#8217;s rip off the band-aid and get into the five big financial problems that haunt us; and exactly how we&#8217;re going to beat them:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Living_Paycheck_to_Paycheck\"><\/span>1. Living Paycheck to Paycheck<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You earn. You spend. You pray your salary hits before your rent\u2019s due.<\/p>\n\n\n\n<p>Rinse and repeat.<\/p>\n\n\n\n<p>This vicious cycle traps millions of women across India. It\u2019s not because we don\u2019t work hard. It\u2019s because money problems are sneaky like that.<\/p>\n\n\n\n<p><strong>What to do:<\/strong><\/p>\n\n\n\n<p>Start tracking every rupee.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use simple apps like Lxme and use its <a href=\"https:\/\/lxme.onelink.me\/95JV\/blogdetails5576\" target=\"_blank\" rel=\"noreferrer noopener\">Budget Planner.<\/a><\/li>\n\n\n\n<li>If you can see where your money goes, you can make it stay longer.<\/li>\n\n\n\n<li>Small cuts like ditching food delivery apps and expensive coffee breaks can add up to huge savings over time. You can even try out<a href=\"https:\/\/lxme.onelink.me\/95JV\/SavingsChallenge18\" target=\"_blank\" rel=\"noreferrer noopener\"> Lxme\u2019s Savings Challenges<\/a> to save 5K to 1 Lakh by investing a new, small amount every day.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Crushing_Debt\"><\/span>2. Crushing Debt<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Credit cards, personal loans, \u201cjust one quick EMI\u201d, the next thing you know, you\u2019re buried alive.<\/p>\n\n\n\n<p>Debt is one of the ugliest financial problems because it eats your income before you even touch it.<\/p>\n\n\n\n<p><strong>What to do:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>List every single debt you owe.<\/li>\n\n\n\n<li>Target the smallest one first while paying minimums on the rest (this is called the snowball method).<\/li>\n\n\n\n<li>Each small win builds momentum until you\u2019re debt-free.<\/li>\n\n\n\n<li>And no, taking another loan to pay off a loan is not the move.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_No_Emergency_Fund\"><\/span>3. No Emergency Fund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Emergency? In <em>this<\/em> 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\u2019 worth of expenses.<\/p>\n\n\n\n<p><strong>What to do:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Join Lxme\u2019s <a href=\"https:\/\/lxme.onelink.me\/95JV\/SavingsChallenge18\" target=\"_blank\" rel=\"noreferrer noopener\">Emergency Fund Savings Challenge<\/a> to save \u20b95000 in 21 days.<\/li>\n\n\n\n<li>Repeat it till you reach your goal amount.<\/li>\n\n\n\n<li>Use it only in case of emergencies.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_No_Investment_Plan\"><\/span>4. No Investment Plan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If your money&#8217;s sleeping in a savings account, it&#8217;s getting poorer every year, thanks to inflation.<\/p>\n\n\n\n<p>Not investing is one of the sneakiest money issues women face because we&#8217;re taught to &#8220;save&#8221; but not &#8220;grow.&#8221;<\/p>\n\n\n\n<p><strong>What to do:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Start small. You can start investing in mutual funds with as low as \u20b9100 with Lxme, an investment platform for women.<\/li>\n\n\n\n<li>In 2025, women-only investment clubs are booming. Even you can be a part of <a href=\"https:\/\/lxme.onelink.me\/95JV\/mymoneytab73\" target=\"_blank\" rel=\"noreferrer noopener\">Lxme\u2019s Community<\/a> to discuss everything money in a safe space.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Financial_Dependence\"><\/span>5. Financial Dependence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Depending on your husband, father, or brother for money?<\/p>\n\n\n\n<p>You are handing over your financial freedom.&nbsp;<\/p>\n\n\n\n<p><strong>What to do:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>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.<\/li>\n\n\n\n<li>Open your own bank account and investment plan.<\/li>\n\n\n\n<li>Set financial goals for yourself; no matter if it\u2019s building a business, buying property, or just being able to walk away from anything that doesn\u2019t serve you.<\/li>\n\n\n\n<li>In 2024, a Groww study showed that more Indian women under 35 are handling their own investments independently than ever before. You\u2019re not behind; you\u2019re right on time to flip the script and <a href=\"https:\/\/lxme.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lxme <\/a>is helping you do that easily.<\/li>\n<\/ul>\n\n\n\n<p>Remember, money and problems are twins! You can&#8217;t have one without the other sometimes. But every financial issue you&#8217;re facing today has a way out. You are not &#8220;bad with money.&#8221; You are not &#8220;too late.&#8221; You are not &#8220;stupid&#8221; 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&#8217;ve got this!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1744991405693\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_can_you_identify_the_key_financial_challenges_affecting_your_budget\"><\/span><strong>How can you identify the key financial challenges affecting your budget?<\/strong><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Start by tracking every single expense for a month; no cheating. Patterns will pop up real quick. Look for recurring debits like subscriptions, online shopping sprees, or weekend takeouts. Once you spot the usual suspects, you can start plugging those leaks and making better budget choices.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1744991459277\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Which_actionable_strategies_can_help_in_managing_multiple_financial_challenges_simultaneously\"><\/span><strong>Which actionable strategies can help in managing multiple financial challenges simultaneously?<\/strong><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Prioritize! List out your financial problems. Focus on the ones costing you the most first (like high-interest debt). Automate savings where you can. Set mini-goals for each problem so it doesn\u2019t feel like you\u2019re drowning. Multitasking is messy; strategic tackling is smart.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1744991494174\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_do_real-life_examples_of_overcoming_financial_challenges_inspire_better_money_management\"><\/span><strong>How do real-life examples of overcoming financial challenges inspire better money management?<\/strong><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Hearing how someone clawed their way out of 5 lakh rupees in debt or built an emergency fund from scratch reminds you that it\u2019s possible. It makes the dream real. Success stories aren\u2019t about luck, ladies. They\u2019re blueprints you can follow, tweak, and own.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"How can you identify the key financial challenges affecting your budget?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Start by tracking every single expense for a month; no cheating. Patterns will pop up real quick. Look for recurring debits like subscriptions, online shopping sprees, or weekend takeouts. Once you spot the usual suspects, you can start plugging those leaks and making better budget choices.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"Which actionable strategies can help in managing multiple financial challenges simultaneously?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Prioritize! List out your financial problems. Focus on the ones costing you the most first (like high-interest debt). Automate savings where you can. Set mini-goals for each problem so it doesn\u2019t feel like you\u2019re drowning. Multitasking is messy; strategic tackling is smart.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"How do real-life examples of overcoming financial challenges inspire better money management?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Hearing how someone clawed their way out of 5 lakh rupees in debt or built an emergency fund from scratch reminds you that it\u2019s possible. It makes the dream real. Success stories aren\u2019t about luck, ladies. They\u2019re blueprints you can follow, tweak, and own.\"\n    }\n  }]\n}\n<\/script>\n\n\n\n<p>Further read:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lxme.in\/annual-budgeting-for-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Review Your Budget and Make Adjustments for This Year<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lxme.in\/what-are-ponzi-schemes-and-how-to-safeguard-yourself\/\" target=\"_blank\" rel=\"noreferrer noopener\">5 Ways to Protect Yourself from Investment Scams and Ponzi Schemes<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lxme.in\/10-money-saving-tips-for-housewives\/\" target=\"_blank\" rel=\"noreferrer noopener\">10 Money Saving Tips for Housewives<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s be honest: talking about financial problems still feels a little taboo, right? But if we, as women, don&#8217;t talk about financial problems, who will? If you&#8217;re reading this and thinking, &#8220;Wow, this feels personal, especially when it comes to financial problems,&#8221; that&#8217;s because it is. Here&#8217;s a fact from 2024: According to a survey <a href=\"https:\/\/lxme.in\/v1\/common-financial-problems-and-how-to-overcome-them\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  5 Common Financial Problems and How to Overcome Them?<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":15938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[1059,1056,1058,1060,1057],"class_list":["post-15876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smart-lifestyle","tag-financial-issues","tag-financial-problems","tag-money-and-problems","tag-money-issues","tag-money-problems"],"acf":[],"_links":{"self":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/15876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/comments?post=15876"}],"version-history":[{"count":4,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/15876\/revisions"}],"predecessor-version":[{"id":16355,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/15876\/revisions\/16355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media\/15938"}],"wp:attachment":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media?parent=15876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/categories?post=15876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/tags?post=15876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}