ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to Survive Financial Shame and Embarrassment

Updated on April 8, 2017

You had been enjoying your new home and your new automobile for about one and a half year before the sad news occurred. Your job closed and moved overseas. You had not put away any emergency money, although you thought about many times.

Now you are dealing with unemployment for over a year. You have put in over a hundred application and have heard from only a hand full of employers. Yes, you finally got hired but it was too late. The whole neighborhood saw your automobile possessed and then your house foreclosed.

You would have been out in the streets if it wouldn’t have been for a wealthy uncle who gave you a sizable loan to get back on your feet. It’s unfortunate that you must pay it back, but you most certainly do.

Acknowledgment of Financial Mistakes

The key to surviving financial embarrassment is to acknowledge that somewhere along the line you made some serious financial mistakes.


Recovering from financial disaster and moving forward by executing specific actions will open new opportunities for financial success.

Many people who find themselves in dire financial predicaments think a quality lifestyle consist of indiscriminately spending money without considering the long-term consequences. However, such reckless activity is often due to a gross misconception: that the ability to spend money will make us happy.

Choosing Intelligent Money Management

Not True! What makes us happy is the wise management of money and getting it to work for us. When we are in control of our finances the quality of our lives can drastically improve, giving us the financial freedom and security which we need to possess a peace of mind and sense of fulfillment.

If we continue to spend money without regard for our financial future, including emergencies as well as retirement, we will find ourselves in many embarrassing and shameful states.

6 Powerful Recovery Tips from financial disaster

The first step in recovering from a money disaster is to create a budget. The advantage of having a budget is that you are taking charge of your financial present and future. You are deciding to make your future bright and your life, well-organized and financially secure. To do this, you must know where you are spending your money.

Taking Charge of Your Finances

Have You Created a Personal Finance Budget for Emergencies?

See results

Make a lifestyle modification. Downsize every costly activity which you can think of, including eating out, going to the movies, buying expensive clothing. Get rid of unnecessary household expenses such as cable TV, monthly software payments, and special services designed to help you get ahead but never does.

Instead, live a simple life designed to help you get your finances back on track. Once you get your money in order, then you can address other short-term goals you have been considering.

Avoid hanging around people who tempt you to spend money unwisely. Going out to restaurants, buying lots of expensive food and drinks for the sake of socializing is a mistake if you trying to recover from a financial downfall.

Create long term financial goals. Consider how much you have left after paying bills. Then take a percentage of the money and invest it in a 401 (K) plan. Saving toward your retirement is vital due to the lack of certainty regarding the social security system. Will it be around when you retire?

Make an appointment with a personal financial advisor for more information on setting goals and securing your financial future. Financial experts know all the pros and cons of investing in a variety of saving plans and will introduce several money-making opportunities via mutual funds, stocks, and bonds.

The goal is to make sure you never suffer a series of shameful and embarrassing episodes such as an automobile repossession, a devastating foreclosure or a stressful marriage sparked by money problems.

Enjoy the journey of getting your finances back in order. Many people never recover from money problems and end up living a lower quality of life. But if you are determined to achieve a sense of freedom from poverty, you are well on your way of making a full recovery.

Once you have gotten you financial situation back under control, you will be in the position to buy a home and automobile again. However, you will be prepared for any emergency, having learned from your previous financial mistakes. You will experience a sense of freedom from worry and stress due to lack of financial security.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)