Why sleepless night due to finance --- because when a person work for whole day and at the end of day when he returns home he won’t be able to fulfill the financial requirement of their family and as well as his own financial requirement.
Sometimes due to lack of finance, when people won’t be able to fulfill their social and status need, this also becomes a reason of sleepless night.
Let me discuss the theory of Maslow that is directly related to the human response with their financial capability and requirement.
It is also known as - Maslow need hierarchy theory,
| Self-Actualization
|
| Esteem Needs
|
| Social Needs
|
| Safety Needs
|
| Physiological Needs
|
According to his theory,
He said, when people start earning money, at first they want to fulfill their basic requirements, when it fulfills then they start thinking to safe money for future prospects, then after they come to third stage, where they want to develop social relationship through many ways like working for human welfare, charity, kitty party etc. and so on. All stages are directly interlinked with finance. When they won’t be able to find this growth or development in their self it tends them to think over it due to lack of satisfaction.
This is not only reasons when they don’t sleep for whole night, there are some other reasons also,
Sometime people won’t understand why and how it happens?
Either it is mismanagement of finance or I am not able to judge what the right way to manage the finance?
Other than this one of major reason of sleepless night is Debt,
Having debts is a drawback that most individuals face. Oftentimes, the individuals who fall into debts are those people who don't have control over their spending habits.
If you have debt problems, you know that they can be something that takes your life and turns it into something that you might not even be able to recognize. Having debt problems is something that can take a regular life and make it a complete mess, and this happens very quickly, it might seem. In fact, most people spiral out of control until they have no idea how they got there or how to get out.
Only lack of money donot cause sleepless night sometime excessive money also becomes the reason for it.
How and where to invest?
So that it can be efficient utilized and return on investment is also high. It is not only matter of investment but also after investment there are many rules and norms to be fulfilled, then to keep track of all investments, etc.
So remember, you need to get yourself organized first, and once you have done this, you can better utilize your finance. Even it will help you to keep away from debt and any other financial crises.
Maintaining a debt free living is terribly rewarding because you will not spend countless hours worrying, instead you'll be able to use these hours to spend time together with your family
It also helps in management of finance and efficient utilization of finance.
