Certain groups in society are more at risk of ending up in debt than others. These include, but are certainly not limited to, those with a disability both mental and physical, those on a low income, those freelancing, and those with a criminal record. Individuals that fit into these categories are more likely to experience debt in their life for a variety of reasons. If you are part of one of these groups, you must know how to look after your finances and keep them safe and secure. There are a variety of options here to think about so let’s look at a few.

Dealing With A Physical Or Mental Condition

If you suffer from a physical or mental condition, then you are more likely to experience debt for a variety of reasons. The first is that it might impact your ability to work. If that’s the case and you can’t earn an income, then you will definitely struggle to keep your finances in the green. You might think that if you don’t have a disability, then you are in the clear, but that’s not the case at all. It’s quite common for people to develop a disability at a later stage in life. This is typically due to an injury, but it could also be caused by an illness. To protect you from this type of issue, companies like InsureSTAT provide disability insurance. This means that if you ever are impacted by a disability, then you can still get the money that you need to get by.


Freelancing simply means that you are working for yourself without a permanent contract. Now, you might think that this puts you in quite a strong position. After all, you don’t have to worry about getting fired. The problem is that a lot of freelancers actually find themselves working for large companies on a permanent basis without any of the benefits of a contract job. As such, they can be left in the situation where if they are no longer needed by that company, they don’t have any money to get by. Instead, they have to borrow until they can find more work. You might also think that it’s easy to find work as a freelancer, but again, that’s not true. In actual fact, it can be quite difficult to find the work you need because there is so much competition on the market. Handling this is about making sure that you always have a few contracts and a couple different sources of income.

Low Income

Finally, if you’re on a low income, you could easily end up in debt. The key here is to make sure that you are saving as much as possible as often as you can and stay frugal. Budget effectively and do everything possible to save a little each month that you will hopefully be able to build up over time.

As for a criminal record? That’s a tricky one because it basically stops you from getting work. However, if you look into it, you might be able to get your record expunged, and this will put you in a better position.

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