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What Are The Top 15 Personal Financial Crises?

A financial crisis is a time in which you are suddenly faced with the need to spend more money than you have. This is something that might happen to you during your life, and there are 15 of them that are more common than others. If you are dealing with a financial crises, you might find that you have issues that you need to take care of that seem out of your control. However, with some planning and thought, you can avoid some of the financial crises. Others, you can learn to work with.

The top 15 financial crises are divided into three groups – those that you can avoid, those that you might go through but can work with, and those that are going to be difficult for you to deal with, no matter what.

Those You Can Avoid or Manage To Your Liking

The first five of the biggest financial crises in your life are going to be the things that you have the most control over. With these things, you can either stop them from happening, or you can control them as they do happen to insure that you can get the most out of your life, no matter what.


When you know that you have to move, try to save money up ahead of time. Also, try to avoid moving until you have the money for it. Remember that moving is a very expensive process, so don't do it unless you can't help it – until you know that you are ready.

New Job

When you are looking for a new job, always remember that you should be saving as much money as you can for the job hunt. It might take much longer than you thought, so you want to save up ahead of time.

Running Up Too Much Credit

Using too much credit is something that many people find as a major financial crises. However, if you simply stick to your own budget, you'll find that you can avoid it. If you don't have the cash for it, don't buy it, simple as that.

Spending Too Much

The same goes for spending too much. Make a budget and stick to it. This is the best way for you to save and avoid a financial crisis.

Living Outside Of Your Means

Don't think that you can have everything that you want to have. Focus on what you need to survive, and don't buy more than that. Living outside of your means will lead to a financial crisis, and this is one that you can easily avoid.

Those You Will Deal With But Can Work Through

The second five top personal crises are things that are going to happen in your life, and things that you will need to learn how to work through so that you can save as much money as possible and so that you can get on with your life.


If you have a good head on your shoulders, you can easily get through marriage and divorce. Simply step back, make a budget, and stick to it. Yes, you might need to take out some loans, or borrow some money to get through it, but you'll find that you are easily able to come back from it.


You are going to want to have children, so remember that if you do, you need to think about a good budget. Don't think that children need to have everything under the sun. Keep it simple and keep it easy.

Death of Family Member

When dealing with the death of a family member, pay close attention to your finances so that you don't get in over your head.

New Car

Buying a new car might mean a loan, but if you keep it simple and get something you can afford, it will work well for you.

New Home

Buy a home that is in your price range, and be sure that you can afford the loan. This is the way to make sure that it doesn't become a financial crisis.

Those That Might Be Difficult For You To Avoid or Work Through

The final five of the financial crises in your life are going to be the worst because these are the things that you might not have any control over, and that might be difficult for you to deal with. However, there are things that you can do to prepare yourself ahead of time for these things, and hopefully you can manage them to the best of your ability.

Hospital Stay

If you have to stay in the hospital, you might wrack up bills. Talk to the hospital about payment plans, and explore services that might be available to you.

Natural Disaster

When dealing with a natural disaster, be sure that you check with your insurance, and also with any government programs that might be in place to help people just like you deal with these situations.

Being Laid Off Or Fired

If you are laid off or fired, you might find it difficult to go about your normal life. However, if you have some money saved, and you live carefully, you should be just fine.

Going Bankrupt

Bankruptcy is something that will require a lawyer, and a lot of time to get over.

Being Robbed/Stolen From

If you are robbed, check with your insurance, and hopefully it can be something that you are able to come back from.

Even though the top 15 financial crises might seem scary and daunting, it is still important to remember that with them, like with all parts of your life, you are going to be able to control much more than you might think. It is always going to be important for you to make sure that you plan ahead, and that you are doing your best to insure your happiness, even in the face of financial crisis.