No one goes looking for a financial disaster or loss of money. A money loss may take form of a job loss, a burglary, theft, death of a family member, divorce, emergency medical bill, etc. In truth, people who are on the verge of a financial crisis may not know exactly what the right thing to do is; of course, it always boils down to one thing and that is to hope it will pass.
Some individuals may go into so-called denial mode; that is, thinking they can go on spending just the way they used to since a new job or a potential source of income is just around the corner to help them get out from this mess. However, this can be the worst decision you can ever have.