Possible Occurrence
One might be exposed to the possible consequences in childhood based primarily on economic and psychological aspects. Likely, the unstable external financial situation in the country, the spread of a terrible virus worldwide, the death of a loved one, and the presence of debts could develop psychotrauma (Stjernswärd, 2021). Injuries of this kind inflicted on a person in childhood are directly related to problems in communication and interaction with other people and mental and physical issues. Furthermore, it must be admitted that as the young man and the eldest child in the family, left without the “head of the family,” I would have to look for ways to help my younger brother and mother in every possible way. Indeed, such moments could close the road to a better future for me, such as going to college or university and getting a decent education.
The Risk Exposures
First of all, having thoroughly studied the situation, it should be remarked that one of the risk factors for life is the COVID-19 pandemic. This category also includes the likelihood of developing severe illnesses due to the death of a loved one and the lack of adequate and operational options for solving financial troubles. At the same time, in the overwhelming majority of cases, the lifestyle, the appropriate environment, and the atmosphere can create conditions for the depletion of internal reserves necessary to survive the bitterness of loss.
Secondly, from the point of view of health risks, it is essential to appeal to stress and the development of anxiety, despair, and a depressed state. Pressure and stressful situations can stimulate, but they may also lead to diseases. They can have a negative effect on both the psychological state and the physical health of an individual. Stress weakens the body’s resistance forces and causes changes in the autonomic nervous system, hormonal glands, metabolism, and other body processes.
Thirdly, the risk of income loss is complex in itself, as it is associated with family members’ active and passive operations. In particular, financial concerns, in this case, are related to the external impacts of COVID-19 on the company. Suppose one of the household members does not manage to get out of the troubles associated with the activities of the family company. In this case, there is a possibility of the final closure of the company and loss of income.
The Impact
Each of the problems mentioned above can critically impact the lifestyle of certain families and friends. For some, difficulties are a challenge, a desire for outstanding achievements and high results. On the contrary, for someone, it is a reason to give up, to doubt themselves and their abilities. Accordingly, the family’s behavior will be based on established traditions, foundations, family rules, and norms. In contrast, friends can react to unfavorable circumstances specified by internal qualities, temperament, and character traits.
Two Techniques
In order to mitigate and reduce costs due to unforeseen risks, the following methods should be used. First of all, it is necessary to correctly and correctly draw up and describe a plan of income and expenses for the family’s needs (How to save on household expenses, n.d.). A well-thought-out plan will allow you to predict the costs and consider unforeseen circumstances. Secondly, it is recommended to reduce the consumption of electricity, gas, and water to save money on bills. In addition, not every thing must necessarily be new (How to save on household expenses, n.d.). If one needs to buy a particular product for life, they can think about buying repaired or used products.
References
How to save on household expenses. (n.d.). American Family Mutual Insurance Company, S.I. Web.
Stjernswärd, S. (2021). Getting to know the inner self. exploratory study of identity oriented psychotrauma therapy—experiences and value from multiple perspectives. Frontiers in psychiatry, 12, p. 773. Web.