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Finance is one of the most important factors which affects your life to a great extent. Whether you are enjoying life today, have a good lifestyle, purchase a lot or practice minimalism, if any of these 5 signs are present in your financial life, it’s time to recheck your financial and make necessary changes. Every life is different, so every lifestyle will be. But, these 5 signs act as an indicator that something is not going well with your finance and you should immediately take care of :

You can’t handle emergency or sudden expenses: There might be situations, which demands to shell out some extra money. I am not saying about a huge medical emergency or some big asset acquisitions. We have insurance and proper financial planning to take care of those. But, what I am trying to indicate here is, you are unable to pay or get very stressed to pay an expense which comes suddenly your way apart from the normal monthly expenditure.  And to manage those expenses, you are either taking a loan or arranging some short-term money. Whatever it be, this indicates you are not doing good financially and you need to look into what fund you have saved as your emergency fund.

You Mandatorily Use Credit Card every Month without clearing entire dues: Credit Cards are good and they can really be a friend in need if you maintain it. If you are not paying the full dues every month and using a credit card every month, there might be something wrong as you are already into a credit card trap. Probably, you need to revisit your budgets and work on your finances to get out of it.

You run out of money: This is one of the critical condition when you run out of money. This situation should not come until and unless you experience something unnatural incidents like you met an accident, there happened some fraudulent activity with you or something like that. But, apart from the unnatural conditions, if you are running out of money anytime, its time to look into what you are doing with your money and recheck your income and spending chart.

You feel restless about money: There might be some case, where you are spending and meeting all expenses, but there are certain concerns which are haunting you or making you feel restless or you are worried constantly about your financial situation. Your subconscious mind is intelligent enough to foresee or guess some unwanted situation. If you getting any wrong vibes or disturbances or feel restless about your financial situation, it calls for your immediate attention and you need to immediately relook and restructure what is not going wrong.

Either you don’t have a plan or You are not moving towards your plan: A well structured financial plan is a must for your financial well being. Without this, you are bound to experience a financial mess. At the same time, just having a financial plan might not be the end. It’s just the beginning. A financial plan is drawn to be implemented. So, if you are into any of these two situations – where you don’t have a financial plan or you are not maintaining our finances as per plan, you are taking yourself towards a financial mess and you should immediately have a check to it.

Managing finances is very important as it affects your other areas of life directly. You need to be a financial planner to manage finances at a basic level. To manage finance at a basic level, you must implement healthy financial habits and then you may seek a professional help to properly manage finances. When we talk about the wholesome word finances, we are including Your earning, your spending habit, your investments, your provisions and everything into account. But, believe me, if you are experiencing any of the above five signals, you must take care of your finances with more seriousness as it indicates something is not very good in the financial area of your life.