Financial Strain Questions | SIREN (2024)

FAQs

What are the questions on a financial strain survey? ›

Do you have enough money to live comfortably-pay rent, get food, pay utilities, telephone? Do you depend on anyone else for income? Have you ever been unable to pay for medical care or for medicines at the pharmacy?

What to Say. Be honest with your children — but don't tell them more than they need to know. Avoid overloading older kids with too many details or worries that might scare them. Stick to brief explanations and be clear about changes made to the family budget.

These 5 basic questions—how, why, who, when, and what—don't get as much attention as the more popular questions you include in your survey. But they should.

Ans. Three main questions in corporate finance are capital budgeting, capital structure, and working capital management.

“Money dysmorphia is the distance between a person's perceived financial status and their actual financial reality,” says Lindsay Bryan-Podvin, LMSW and Certified Financial Therapist of Mind Money Balance. It isn't a diagnosis in the DSM but it can have a very real impact on our lives, in at least two ways.

Also called economic burden, economic hardship, financial distress, financial hardship, financial stress, and financial toxicity.

It may be that you have too much credit card debt, not enough income, or you overspend on unnecessary purchases when you feel stressed or anxious. Or perhaps, it's a combination of problems. Make a separate plan for each one.

Financial Strain. Description. Financial resource strain encompasses both the subjective sense of strain as the result of economic difficulties and specific sources of strain.

Does financial strain lower productivity? ›

That is, holding constant any impacts of potential investments facilitated by the availability of cash on hand, financial strain has additional impacts on workers' own productivity through stress, worries, or other psychological factors.

Poor budgeting, inability to collect accounts receivables in a timely manner (which can cause severe cash flow problems), and poor accounting practices are other potential causes of financial distress.

Financial stress can manifest in various physical symptoms that might seem unrelated at first. These can include headaches, muscle tension, digestive problems, and elevated blood pressure. Chronic stress can also exacerbate existing health conditions, making them more difficult to manage.

Provide supporting documents along with your hardship letter to help prove the legitimacy of your claim. Depending on your situation, you might submit documents such as an unemployment notice, medical bills, military orders or a divorce decree.

There are often two main reasons for financial hardship : 1. You could afford the loan when it was obtained but a change of circ*mstances has meant you can no longer afford the repayments; or 2. You could not afford to repay the loan when it was obtained. If this is the case, get legal advice immediately.

- Were any known errors not recorded and why? How did management assess materiality and control implications? - Have all significant subsequent events been properly reflected and / or disclosed in the financial statements? - Are there any special purpose entities that require consolidation by the company?

What are the three basic questions addressed by the study of finance? What long-term investments should the firm undertake? How should the firm raise money to fund these decisions? How can the firm best manage its cash flows as they arise in its day-to-day operations?