(161)Managing Your Finances During a Crisis


All tsunamis, hurricanes and medical atrocities aside, there’s more to crisis proofing deadly and financial catastrophes. In the realm of protecting one’s family from the devastation of financial dire straits, a simple plan starts with a budget. If only the American family learned to spend significantly less of their income, financial crises would almost become extinct.
The formula for financial solace is to reduce the outgoing budget to be applied to a savings account or market fund. The 30+ million Americans ensconced in debt could lower their stress rates and genuinely enjoy life if they put an end to over extending finances. Living from month to month impairs the quality of life issue.
Being financially devastated can be a paralyzing situation. Despite an adequate salary and a dependable job, families across the United States continue to be challenged by making their means last from month to month.
Pre-Crisis Financial Planning
Starting a savings account or plan features a surefire way to be prepared for unforeseen costly emergencies. It could be anything from a malfunctioning boiler or a household flood. In lieu of the family crisis, being prepared financially can cushion the devastation of the event. Nevertheless, learning new spending habits may be challenging for a compulsive spender. Keeping up with the Joneses is not worth the superficiality of terminal financial distress.
Obviously, there are only two solutions to the spending deficit equation; either:
Increase one’s salary significantly
Start living below your financial means drastically.
Unfortunately, not everyone is able to achieve either objective. In fact, for many consumers they require both goals to the spending objective, start making more and stop spending until they can see their w ay out of the red. As the old adage, “The more you make, the more you want” is true. But the problem grows when people begin to spend more than they make.
The end result is a financial avalanche. Even if you think that you have the rob Peter to pay Paul down pat, it’s only a matter of time before everything could snowball. The reality is that the only financial rescue team available to you may be a personal loan or debt consolidation loan.
To prevent the dominoes’ effect of financial stress take over here are a few steps to quell your finances in the right direction:
Compile a list of current bills
Devise a list of household operations
Review areas to cut spending (ordering out, entertainment, shopping sprees, etc)
Develop a balanced budget to live on only 60 percent of your household income
Sell any personal commodities that are beyond one’s financial means.
Get organized on your PC with either a Quicken or Microsoft program.
Work to balance your budget by paying of bills
Detail a goal with realistic terms
Stock between five and ten percent a month into a savings account or a money market account on a regular basis.
Fast Debt Solution
Since the idea of taking on a second job is an unpopular choice for most people, a rapid debt solution is a debt consolidation loan. Since the loan is designed to pay-off current debt and stretch out the repayment term over time, it can be the ultimate debt solution for managing one’s finances.
Financial Crisis Savers
Personal loans are either secured or unsecured loans. Secured loans place the borrower’s property up for collateral. (For example, a house, real estate property or a high end recreational vehicle). An unsecured loan usually has a higher interest rate. Since the financial institution is at greater risk of a defaulted loan for a person with poor credit, the fees are reflected in the interest rate.
Pretty straightforward, debt consolidation loans – repay all current bills. Then the loan charges the borrower an interest and monthly charge. For its overall convenience and ease is considered an immediate way of quelling financial stress.
For the type of emergency, where one needs less than a thousand dollars, a payday loan is just the remedy. The best way to outsmart a payday loan is by paying the loan immediately and avoiding going with a plan that has a pre-payment penalty.
During a family or financial crisis it’s comforting to know that financial squadrons otherwise known as debt consolidation, personal loans or even payday loans may be the option for a monetary rescue.
© All rights reserved.

About The Author

Holly Bentz is a finance writer and a contributor to About Personal Loans.

Written by: Holly Bentz

(162)Managing Your Finances Once Married


It's important to plan for your financial future beforehand so you have idea of what to expect. Once you get married, most newlyweds' open a joint checking/saving accounts
Below is a list of 4 easy steps to take when determining your financial future.
Step 1-Determine your net worth
Net worth is the difference between assets and liabilities. Make a list to figure out your net worth, make a list of all the things that you own and assign approximate values to each one. Then make a list of all your debts. Subtract these two numbers and you will have your net worth.
Step 2- Family accounting
You will need to decide who is going to manage your accounting. Is one partner going to manage the finances or will this be a shared responsibility? Are you going to choose to handle the finances independently, if not you will need to create a system of whose going to pay the bills.
Step 3- Set goals
Statistics are showing that 95% of senior citizens can't afford to retire. Set goals and start saving for your future today. Create short-term goals and long-term goals. Make sure when you set your goals that you are actually striving for them so they should be adjusted to your spending lifestyle
Step 4- Plan for adjusting your finances once married
Many couples get married without having a financial plan in mind. It's very important to discuss your financial situation before tying the knot that way everything is out in the open. If you don't want to deal with thinking of financial strategies get help from a financial planner for any needed advice.

About the Author
Read more marriage and finance articles at - View our marriage and finance resource directory at

Written by: Kelly Kennedy

(163)Marriage Finances 101


Marriage is a wonderful thing, but planning the wedding is a difficult task. The coming together leaves many things as an afterthought to the wedding. Each has their own credit cards, checking accounts, and utility bills. Hopefully, neither has a lot of debt.

Most people do not think about finances when they are getting married. It takes the romance out of it. But it is necessary to make some sort of arrangements, or at least a plan of how to get things consolidated.

Let’s start with checking accounts. There are a couple ways to go about it. Many financial experts believe that you should keep your individual accounts. It will be easier to manage and keep track of transactions with only one hand in the cookie jar.

Open up a joint account for your expenditures. Each should deposit a certain percent into the joint account to cover your allotted expenditure budget. What is left over can be deposited into your separate accounts and savings account.

Credit cards are a different story. Each of you will probably have numerous cards of your own. Take an evening and call all of the issuing banks. Tell them that you just got married and are eliminating some of your accounts. Whichever card issuers give you the best rates are the ones you keep. They will add your spouse onto the account with a phone call and send out your new cards.

Settling your accounts is easy it just takes a little time. It is best to take care of these matters quickly, as time will not make it any easier. Some of the institutions may ask for your marriage license, and be prepared to send it. They will send it back if you provide a self addressed stamped envelope. No Minimum Payout
About the Author
Robb Ksiazek is a successful author and publisher for> He has researched and written hundreds of articles and can simplify your online search by recommending merchants for the best value and selections in>business or personal checks, address labels, rubber stamps and envelopes.

Written by: Robb Ksiazek

(164)Men, Women and Their Finances

What do you worry about most when it comes to your finances and debt or your credit card repayments? It seems that men and women have different outlooks and think differently about their finances. A survey was carried out to see whether men and women thought differently or the same about their finances.
Women tend to look at their current levels of debt while men tend to look to the future and are more likely to plan ahead when it comes to their finances. Women worry more about how they are going to pay off all their current credit card bills, store cards and loans along with their mortgage, shopping and living expenses with three quarters of women doing so, meanwhile less than 50% of men worry about the same thing. Only 13% of men know what their current debt levels are.
While men are laid back about their current debt levels they are better prepared for the future. Men are better at investing their money with half of all men investing in an ISA while only 35% of women are doing the same. Only five out of ten of women have a savings account with men in the lead with six out of every ten. Three quarters of men are paying into a pension for when they retire while only half of women are preparing for their retirement.
The only things that were found to be very little difference in when it came to our finances was the fact that both men and women have little knowledge of credit reports and how they work, although we think we do. Three quarters of men and women said they new what affected credit scores and how companies make their decision but nearly all got at least one question wrong when asked about credit reports. Only 5% of men and women have inspected their credit report in the last year.1 in 4 of people asked did not realize that late payments affected your score; just over 40% of people did not know that if you have asked for credit regularly then this can also affect your credit score. Three quarters of people wrongly thought that if you had unpaid household bills that this would affect a decision made by lenders. Unbelievably, 60% of men and 67% of women thought that credit reference agencies make the decisions about credit applications, whereas it is the credit card companies, banks and other lenders that make the decision.Knowing your credit score and understanding how credit scoring works is the only way to fully know where you stand financially and help you make better decisions about how and when you apply for credit.

About the Author
Joseph Kenny is the webmaster of the UK credit card comparison site, where you can find a selection of interest free credit cards. For US visitors there is also the comparison site

Written by: Joseph Kenny

Global Peace Mission



  • Selected category
  • English Literature
  • Nuclear Physics
  • Economics
  • General Spiritualism
  • Urdu Literature
  • Society and Culture
  • Law and Order
  • Medical and Health
  • Politics


  • The Best Traffic Exchange EA Builder