We navigate some of the most challenging moments in our lives by examining the archetypal passage of crisis.
Money can’t buy you happiness, so said a wise and probably wealthy man. We all know in our hearts that the most precious aspects of our lives are priceless, but the reality is, when you’re broke, you’re pretty miserable. Being denied things you want to buy is the pits, and what if the thing you want to buy is lunch? Or dinner? Or healthcare? What if you can’t make rent?
The USDA reported that for 2012, an estimated 14.5 percent of American households were food insecure at least some time during the year surveyed, meaning “they lacked access to enough food for an active, healthy life for all household members.” That’s about 47 million Americans, a staggering amount when you think about it. In addition, The New York Times has reported that “as many as 9.7 million households, out of roughly 75 million owner-occupied homes, still owe more on their mortgages than their home is worth.” Americans with student loan debt? Approximately 37 million (from the Federal Reserve Board of New York). And guess what? One in three Americans have credit card debt.
At one point or another, we all feel a tug on the purse strings – either you’re living paycheck to paycheck or you’re in debt up to your ears. The tried and true method to avoid a financial crisis is to use preventative measures to make sure you don’t get in over your head. So we asked around, what are some good financial life hacks for your archetype that you can use right now?