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When individuals possess money management skills they can provide themselves with a number of ways to improve the quality of life and maybe even pass life those skills on to somebody who needs them.
People who do not have the skill of money management tend to put themselves in an unhealthy state of life. When a financial crunch occurs people can expect themselves to be looking at possible lawsuits, payroll garnishment, and a constant stream of creditors harassing the individual by phone or mail. These events then make the person stress out, and in turn could lead to the loss of things that they dearly cherish in life...
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