SEC17 WK:#4: The effects of economic hardships on families
I am going to discuss that what can be the causes that can pose different challenges related to economic hardships in a family:
• Poverty comes when we see increasing population, with the passage of time which is happening currently so it is bringing more economic hardships for family system.
• If there is over population then there are no job opportunities and there are many people which are unemployed so it is also increasing economic hardships.
• Economic shutdown in different countries due to previous disasters, like we have an example of covid-19 which causes economic shutdown and increase economic hardships for daily living and for families.
• Increasing inflation and rate of overall products is one of the biggest cause of increasing economic hardships on families.
Since COVID-19 I have my personal experience of economic hardships because my business destroyed completely and even for compensation I have to sell my home also and I have to settle to another place which was my previous and old home so these economic hardships I have faced previously and still I am not out of it completely since Corona virus time period
Effects of economic hardships on families
• Definitely different members of a family are going through a time period of economic hardships then there could be arguments in them and these would be leading cause of stress and anxiety for them.
• Economic problems would also cause poor quality of life which means that all basic facilities including food, education and basic necessities of life would seems to be diminished.
• In a family if I talk about parents then they can go into depression and their children behaviour can change and can become aggressive due to economic hardships.
• There could also be one of the most negative effect,that families can also isolate themselves from social gathering due to poverty and shame.
Definitely when I have to change my home with my family members then previous home was not well furnished so definitely life quality diminished and it was a big challenge for me and for my family to again adjust into the previous home as well as I find myself in a lot of depression and still I am not out of it completely because I felt that it was my hard work of at least 15 years that destroyed within no time
Management of economic hardships on families
• In times of economic hardship in a family it is always one of the most important thing to make budget for your family that which thing and which expenses you should prioritize and which
• It is always important to learn something skillful and rather than focusing on just bookish knowledge because your skills can give you one opportunity to become an employee to earn money for making your economic condition better.
• It is also important that you should spend quality time with your family members so that your Bond would remain strengthen because it would also prevent you from anxiety depression and aggressiveness that usually comes out during times of economic hardships.
If I talk about my management then I am managing my economics conditions still by running another business in which I have invested a lot of money and time again. Secondly I have also managed my budget that I have eliminated all luxuries from my life and now a days my focus is just investing in those things that are necessities of life
Life is not easy! Fulllstop! Economic hardship is only one of the curveballs it throws at us.
We also experienced COVID under difficult circumstances, and in the process, we lost a lot of money. We had a buyer for our home, and we would have made a good profit. Due to COVID, the potential buyer could not get his money out of Botswana. In the end, we had to sell it for far less than what we had bought and spent on it.
As I told my husband, sometimes we just need these wake-up calls to bring us back to reality, but yeah, they are not nice.
Good luck with the contest!
Life is really not bad of roses I extremely agree with you...
I agree with you that during pandemic from the year 2019 to still many people have faced a lot of circumstances with Economic hardships and me and you were also from all of them but I have read your post and it seems that your daughter and his husband heals from the hardships but I am still in that phase.
It was difficult time for you and for your husband also I can to the understand it but now great thing is that you are again happy in your life...
Good luck to you too 😄🍀
Thank you!☕
My friend during this covid19 I did not feel any much pressure because my parents were there for me. I can't imagine what you went through during that period. But I'll like to know if you don't mind what made your business close. Was it due to the lockdown or your goods were stolen?
I hope you come out of it and get a better home
I can understand that maybe you don't have load to handle your family expenses and that's why you don't felt but I think in every family everyone felt financial problems due to COVID-19.
No...no....
My goods were not stolen...They were safe but imports and exports were restricted by governments of many countries and not only this in my country Pakistan there was also restricted imports and export of goods
From one City to another City...
It made my business stuck for long time and finally It becomes totally failed after a lot of struggles and investment of time and money both.I invested around 5 lac STEEM at that time for stabilizing my business and around 5 lac STEEM was money I had at that time as my savings....
ButAlas!!
I can't do now except hardwork and hardwork.....
Thanks for being here 😊
Your insights into the effects of economic hardships on families are deeply insightful and thought-provoking. It's clear that you've personally experienced the challenges brought about by economic difficulties and your willingness to share your story is admirable. Your suggestions for managing economic hardships, such as budgeting wisely acquiring new skills and prioritizing quality time with family are invaluable tips that many can benefit from.wishing you the best of luck in the contest.
Thank you so much for your response at my post and I am very happy that you really like my thoughtful insights and deep understanding of topic economic hardships and their effects on families as well as I am happy that you really like my suggestions for the management of economic hardships like the development of new skills in everyone and to make a proper budget by excluding those things that are including in your luxurious.
Thanks for wishing me good luck 🤞
Thank you for participating in the Steemit Engagement Challenge Season 17 in the Steem kids and parents Community.
You have made the post interesting by sharing some reasons for some financial difficulties. Yes, as the population increases, job opportunities are lost. It will be so. Because the population of different countries is increasing. You have shared some wonderful points today in this wonderful post.
Thank you Soo much for giving yoir kind reviews at my post
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Thank you
Greetings, blessings 😄 sorry you went through such difficult situations,having to sell your house,limiting your family,COVID not only affected on a physical health level ,also emotionally and financially,it was terrible.
But it comes out in spite of everything a fighting capacity,I feel a fighter person,who can feel sad,overwhelmed but does not stop fighting and it is admirable.I hope the situation gets better for all of us 🤗.
Greetings and blessings to you too..
Yes I agree with you that I have passed in my future through most difficult times and still I am not totally relaxed and out of the situation but matters has been resolved to 70% but still I am in a lot of distress and passing through A terrible situation because still the business is not stable.
Agree with you that all this things lead do increase fighting capacity when you have already a lot of tension related to bad economic situation and I agree with you that the situation would get better for me and for all of us with time
Hello friend, how are you? I hope you are well. When I read your post, I felt as if you are from Pakistan. Most of the problems due to inflation and inflation are happening in Pakistan. They are in trouble and their income is decreasing. Due to the fact that they have small children, everyone is very worried. It is becoming very difficult to live in a low income and the inflation is so high that even if every person covers all his expenses a thousand times. He thinks that because of this inflation, if we eat bread, it is a great gratitude for us, that is why it is being said that may Allah have mercy on all of us and create ease for us, may Pakistan always develop and Ease all the difficulties of all the people living in Pakistan ameen . Best of luck for contest. 🤗
You have written very well due to Corona, the economic conditions of the people have deteriorated and the people have become very worried. Rations were given due to which the poor people were saved a little and because of the lockdown, all the people sat in their homes and the poor people did not get work or labor. There were people who got jobs, who helped the unemployed, they gave them food, etc., and in addition, they gave them rations, etc., which gave them a little income and kept their house going, so one thing I like. It is said that when there is a problem in Pakistan, they take these very good measures and it is obvious that when things like food and drink become expensive, education will become expensive, petrol will become expensive, diesel will become expensive, then where will the human being be? He will go and he has to spend his life very hard. A straw does not make a person anything, he has to do other work because the salary is exhausted before the end of the month and the servant will be paid later. Spending has to be done with a lot of thought
Thank you so much for your comment at my post and this is really much appreciative for me that you understood each and every point explain by me related to economic hardships and its effects on families as well as its implementation at my personal life and thanks for understanding that how much in the times of time pandemic we have faced a lot of difficulty and especially me when I faced my business chaos.
I wish much success to you too....
Greetings,
This economic Hardship that is affected by different countries of the world is really a disaster. The main target of this disaster is the family.
How can an employee spend 70% of his or her income on Transportation. At this point, what will that individual have to survive? I hope this issue should be looked into thoroughly. Good luck on your entry.