Financial Reality Check
Take Action Now!
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In the EU, 50% of people live paycheck-to-paycheck
Living paycheck-to-paycheck is a distressing reality where individuals, with little to no savings, depend solely on their monthly earnings to cover expenses. Unexpected costs can plunge them into a debt cycle, exacerbating financial stress, which in turn leads to severe consequences such as mental health issues, reduced productivity, and higher suicide rates. Urgent solutions are needed to help individuals regain financial control, escape this cycle, and foster a more secure future.
Getting Your Finances in Check
In order to get out of the paycheck-to-paycheck cycle, you just need to follow the golden triad.
Create a Budget
Pay Off Your Debt
Increase Your Income
People need more than a Budgeting App
Sticking to the ‘golden triad’ of budgeting, paying off debt, and increasing income is challenging. It requires discipline, knowledge, and often a behavioral shift – tasks that a simple budgeting app may not support effectively. Overcoming these hurdles needs a comprehensive, engaging platform that educates, motivates, and guides. FinKratt aims to become such a platform.