Financial strains involve intense emotional stress and daily life disruptions caused by high living costs, uncontrolled expenses, debt, and inadequate income. Financial stress affects individuals and families across all income levels, often resulting in mental health issues and physical deterioration, strained relationships, insolvency and even family breakdowns.
This section looks at concepts such as joint, divisible and indivisible legal and financial obligations, in the context of family relationships, and their effects on the household, for the purpose of information, mutual accountability, proactive forecasting and variance management. It also touches on the topics of mutual accountability and strategic goal setting.