|
|
|
College Debt – How To Avoid It, and How To Get Out Of It
Because most college students are using loans to finance their college education, the debt level of recent graduates is rising rapidly. On average, students graduate owing $12,000-$16,000 in student loans and another $2,000 in credit card debt....
Lover's Quarrel
One minute you seem like lovesick turtledoves teasing, laughing and giggling with all your might. Then a few minutes later, you begin yelling and berating each other and a lover's quarrel is already in progress. A little bantering was all it took to...
Ten Financial Tips for Women
On average, women earn 76 cents for every dollar men earn in the workplace. Because women typically spend approximately seven years out of the work force to have and raise children, their earnings are even further curtailed. With lower pay and...
What Is Ayurvedic Medicine
According to a new survey carried out by Alliance & where ID_NUM=9270; Leicester, one in five small business owners view tax as their greatest concern. The Chancellor has announced in his last budget that companies with profits below œ10,000...
'Your Instinct is Your Life-blood,' Says Author
Fourteen thousand civilised people died when the tsunami hit Andaman Islands – five percent of the population – meanwhile a cannibal tribe, inhabiting the same island, hardly lost a life. And do you know what saved them – the earliest...
|
|
| |
|
|
|
|
|
|
Preparing For The Worst
I would say that most of us have experienced money problems at
some point in our lives. This could have been caused by the loss
of a job, injury or illness, over spending, and the list goes on
and on.
Right now in the US there are hundreds of companies downsizing
or going out of business. In some cases this is due to the
economy. In others we have seen cases of very poor management
and down right fraud. No matter what the reason, people have
lost their jobs and their income.
In a lot of cases this can't be prevented. If we can't
prevent the hard times, then just what can we do? Prepare!
Prepare! Prepare!
I know you have all probably heard that you should have at least
six months income set aside in case you lose your income.
Yeah, right! With things as expensive as they are today, you
are lucky if you have six days income set aside.
If you don't have money saved for when these problems occur,
then just what can you do? First and foremost, you need to
have a plan in the event this does happen.
Just sitting down with your budget and saying to yourself "What
If" will help you know what you need to do to be prepared. Here
are a few suggestions that will make it a little easier:
It is always best for you can keep your bills to a minimum at
all times and try to save as much as you can. Even if you are
bringing in good money you need to consider the loss of your
income before you make any major purchases.
Keep your freezer and food pantry stocked.
Determine what assets you could
use in the event you needed
money to get by. Start with things like an IRA, 401k or other
savings. You can also consider things that you can sell to
bring in money or reduce your debt.
If things get real bad, you will need to know where you can get
help. This could be from family and friends or government aid.
There are a lot of people that have had to resort to this form
of help that never believed it could happen to them.
Know your priorities. Food and shelter will be your main
concerns if you lose your income. Whatever money you have
should go for these expenses first.
Contact all of your bill collectors as soon as the problem
arises. Let them know that you have lost your income and are
doing everything you can to get back on track. Get the persons
name and department you spoke with and tell them you will keep
them posted. Trying to hide from these people will only make
matters worse.
Let the entire family in on the problem and tell them that there
will need to be some adjustments made. Enlist their help with
ideas to earn income or cut expenses.
Being prepared for the worst will make you sleep a little better
while times are good.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances.
|
|
|
|
|
| Kiplinger.com - Timely, Trusted Personal Finance Advice, Financial ... |
| Investing, personal finance, calculators and financial advice. |
| www.kiplinger.com |
|
| Kiplinger's Personal Finance Magazine - Your Guide to Making Money ... |
| Subscibe to Kiplinger's Personal Finance Magazine to help you manage your finances. Achieve your financial goals and objectives with help from our ... |
| www.kiplinger.com |
|
| Personal finance advice, news - CNNMoney |
| News & advice on retirement planning, college saving, taxes, mortgages, autos, real estate, investing and more from CNNMoney.com. |
| money.cnn.com |
|
| Business, financial, personal finance news - CNNMoney |
| Combines practical personal finance advice, calculators and investing tips with business news, stock quotes, and financial market coverage from the editors ... |
| money.cnn.com |
|
| Personal Finance, Personal Finances, and Financial Advice - Forbes.com |
| Personal Finance - Get financial advice and information from Forbes.com. |
| www.forbes.com |
|
| SmartMoney.com — Investing, Saving and Personal Finance |
| SmartMoney has daily stock and mutual fund recommendations, hourly market updates, personal finance investing research tools and advice, ... |
| www.smartmoney.com |
|
| Personal Finance Home (Personal Finance: Personal Finance ... |
| Links to articles covering a range of topics where monetary planning is or should be involved. |
| www.smartmoney.com |
|
| Personal Finance - Front Page |
| Read the details in Personal Finance this Saturday. Also in this weekend's edition:; You should take financial services companies' marketing material with a ... |
| www.persfin.co.za |
|
| Get stock quotes, market news, rates, and more - Netscape Money ... |
| Market News. • Market News. • News Search. Financial Planning. • Finance Calculators. • Saving for College. • Personal Finance ... |
| money.netscape.cnn.com |
|
| globeandmail.com: Personal Finance |
| Personal Finance. Home · National · British Columbia · Prairies · Ontario · Quebec · Atlantic · Politics · World · Americas · Europe · Asia-Pacific ... |
| www.theglobeandmail.com |
|
| Personal Finance - MSNBC.com |
| Answer Desk: Submit your question about personal finance or the world of business ... Personal Finance. • Learn more about RSS ... |
| www.msnbc.msn.com |
|
| Personal Finance Newsletter |
| 7600 Leesburg Pike, West Building Suite 300 • Falls Church, VA 22043 703-394-4931 (ph) • 703-905-8100 (fax) • personalfinance@kci-com.com ... |
| www.pfnewsletter.com |
|
| Personal Finance Advice - Personal Finance Management - Personal ... |
| Tips and stories for managing your personal finances. |
| www.marketwatch.com |
|
| CNBC.com: Personal Finance |
| Investing home page features investment tools like stock quotes, charts, a portfolio manager and much more. Plus market news and financial commentary from ... |
| moneycentral.msn.com |
|
| Dallas Morning News | News for Dallas, Texas | Business: Personal ... |
| Knowing retirement, health plans can help avert disaster · At one firm, financial crisis crushed 401(k)s, insurance · Personal finance news briefs ... |
| www.dallasnews.com |
|
| Morningstar: Personal Finance |
| Sharpen your personal finance and investing skills with Morningstar. Access articles covering stocks, mutual funds, bonds, retirement, 401(k)s and 529 plans ... |
| www.morningstar.com |
|
| Fool.com: Personal Finance |
| Personal Finance - The Motley Fool exists to educate, amuse, and enrich the individual investor; to prove to you that the best person to manage your money ... |
| www.fool.com |
|
| Fool.com: Investing, Stock Research, and Personal Finance |
| Expert advice on picking stocks, investing for retirement, and dealing with life's major personal finance decisions. |
| www.fool.com |
|
| Telegraph | Money |
| Market news from the Telegraph newspaper online. Includes money product finders. |
| www.telegraph.co.uk |
|
| Compare Prices and Read Reviews on Personal Finance at Epinions.com |
| Epinions has the best comparison shopping information on Personal Finance. Compare prices from across the web and read reviews from other consumers on ... |
| www.epinions.com |
|
|