King Midas died of starvation because everything he touched turned to gold. Even though it’s a wonderful daydream to believe in instant solutions to solve all financial woes, it’s sometimes beyond the realms of human possibility.

Dealing with problems in the short term

It is, however, constructive to deal with small problems before they become insurmountable. If you can’t pay a bill, contact the company in question and see if you can make smaller regular repayments. Putting your head in the sand is never a useful option, your financial problems will only get worse and you may end up facing court cases and bailiffs. If you have a poor credit history, need access to emergency finance and you own a car, a log book loan from CCP may be an option. Of course, you’ll still have to repay the loan, but it may tide you over in an emergency situation.

Change your thought processes

One way of finding solutions to financial problems is to think differently about money. Learn how to budget and, where possible, save. If you feel that you deserve a treat, you may well find that the goods that you crave are cheaper online than in high street shops. This is the age of the deal, and businesses and companies will do almost anything in order to gain your custom.

If you’re always aware of exactly how much money you have in your current account, then you won’t run the risk of facing bank charges as a result of an expensive unauthorised overdraft. This is Money points out how smart watches and smartphones allow you to check your bank balance on a regular basis with little or no effort.

Instant gratification isn’t always a good thing

You’d be surprised to discover how many people from all walks of life get into financial difficulties. In 2013 the BBC highlighted the problems of former Aston Villa player Lee Hendrie, who used to earn a handsome £30,000 a week, and later faced bankruptcy. His problems included poor financial advice, a taste for the high life and an expensive divorce. He found a solution by turning his life around and by understanding the true value of money. Just because you want something, especially if those possessions cost more than you can afford, then you should think twice about acquiring the latest car, clothes or even going on an expensive luxury holiday.

Solutions to financial problems

You should be aware that life does change, and you may face some extra debts from time to time. There are, in fact, few outright solutions to financial problems. You can get a loan or pawn your goods, but these debts will still have to be paid back, on top of your existing financial commitments. You may be better off seeing if you can get a company loan from your employer, in cases of real emergency, or you could establish a rainy day fund, so that you can overcome any financial problems without asking for help. The important thing to remember, in the long term, is that your minset and attitude to your finances are the most important thing – that will help to make instant decision more strightforward.