Financial constraints refer to limitations on an individual or organization's ability to access funds or resources. These constraints can arise from various factors, such as low income, high expenses, or lack of credit. As a result, people may struggle to afford necessities like housing, food, or education, while businesses may find it challenging to invest in growth or innovation. These constraints can significantly impact decision-making and overall quality of life. For instance, individuals facing financial constraints may prioritize immediate needs over long-term goals, while companies may delay projects or cut costs. Understanding financial constraints is essential for effective budgeting and planning.