(ThyBlackMan.com) Do you lack the control to keep your finances in check? It can be frustrating when you know you need to make changes but keep falling short regardless. So what’s causing your lack of financial control? Is it entirely your own fault or are there other factors at work here? It’s time to look at some of the most common reasons why people end up losing control of their finances. By learning about these things, you might realise what’s holding you back and stopping you from controlling your own finances better.
Limited Time
We all seem to lead pretty busy lives these days. That just seems to be the way it is. It’s up to you to find the time to look after your money and improve your finances, and you can’t allow your lack of 
time cause you financial hardship. Everyone’s busy, but that doesn’t mean you have to let your finances escape your control. It’s about efficiently managing your cash without letting money problems get the better of you.
Impulse Buying
Are you one of those people who simply can’t help but act on your buying impulses? If you are, it’s up to you to transform your buying habits and stop letting your impulses rule your life quite so much. Self-discipline is your only route out of this problem, and you need to make sure you get better at it because only you can affect meaningful changes if impulse buying is at the route of your problems.
Your Bad Habits
Bad habits can be costly, and it’s hard to remain in control of your situation when you’re spending money on things you know you probably shouldn’t. Of course, you should also pay attention to the other impacts your bad habits have. Spending a lot on alcohol might ultimately be linked to being addicted to alcohol. Either way, you need to pay more attention to these habits and address them ASAP.
Your Income
If your income is low, and you’re not able to cover all your costs properly each month, staying in control will be all but impossible for you. Everyone wants to have a higher income than they currently have, but if yours is genuinely not big enough, something has to change. You could look for a new job if you feel you’re being underpaid. Or you could diversify your income and look for new ways of earning extra cash.
A Lack of Understanding
Sometimes, it’s your own lack of financial understanding that stops you from staying in control of your finances. If you simply don’t understand the most basic financial matters, you’ll never control things properly. When you’re in that kind of situation, you have two main options: you can either start learning and expanding your horizons or you can pay someone else to help you out with these financial matters. The route you take will be up to you.
As you can clearly see, there are many reasons why you might struggle to maintain proper control over your financial situations. But these reasons shouldn’t become excuses because it’s always possible for you to turn things around if you want to.
Staff Writer; Marlon Ford