Finance

Don’t shop till you drop this Christmas – Spend 2017 festive season on a budget

How does your bank balance look at present when you’re all set to run up for Christmas? After years of trouble with holiday debt, there seems to be too much panic about Christmas as majority are worried about how they could avoid racking up debt due to overspending. Everyone is worried about whether or not their turkey won’t overcook and add to their already-existing financial worries, thereby creating a further monetary gap.

Though it’s true that you must just love to spend your time with your family and friends during Christmas, yet you have to make sure it doesn’t overwhelm you. Here are few ways in which you can maintain a tight Christmas budget.

1. Devise a frugal budget for Christmas

Whether it is the Christmas gifts or the dinner or the party, without devising a frugal budget, you can never stay on the right track. There must be an amount to which you would want to stick to, no matter what you are planning to do. While you’re crafting the frugal budget, ensure that each product that you require buying is listed so that you don’t miss out on anything. Count the number of people who are supposed to be invite and then make a clean list of everything.

2. Plan ahead of time

This might seem to be an obvious tip but it is true that the sooner you begin with the preparations for your Christmas, the more money you can save. December will end up being much less stressful as you thought it to be. Start off with sorting out everything and break down everyday into manageable chunks so that you can fulfill each of your commitments. If you love to make spreadsheets or lists, this is the time when you should get started.

3. Deck the halls in a crafty and creative manner

Decorations don’t always need to cost you a huge amount as your pound shop can help you with this. You can always add the retro look by sticking to all those home-made decorations and the kids in your family will love it when they get a chance to contribute in decorating the Christmas tree. The same is true for wrapping paper and Christmas cards where relatives get genuinely touched with such gifts where you put in all your efforts.

4. A family secret Santa game would be fine

Since it is pretty expensive to buy things for all your family members, how about starting off with the family Secret Santa process? You can write down the names of the family members and keep it in a bowl. Ask everyone to pick a chit and know the name of the person. This person will be the secret Santa for the other.

So, now that you’re aware of the different ways in which you can spend Christmas on a budget, what are you waiting for? Make sure you follow the tips in order to save your hard-earned dollars.


A quick financial crash course on Black Friday shopping

Save money

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Regardless of whether you want to go out on Cyber Monday and Black Friday, it is wise enough to do some research work in your home. Since the onslaught of deals, discounts and sales are in full swing, you’ve got to be careful about snagging the best discounts on things. Are you planning to do some Black Friday shopping? We’ve got numerous tips for you that will help you make the most out of the day and help you avoid blowing a hole in your wallet.

There is this team at Wirecutter which is tracking all of those exciting Black Friday and Cyber Monday deals which will now be offered throughout the week. Although the great Holiday discounts have begun already, Wirecutter has few things to suggest to you so that you can end up getting the best deals without breaking your bank.

? Are you interested in getting noise-canceling headphones? If answered yes, you can predict to get the biggest discounts on them. The top pick by Wirecutter is the Bose QuietComfort 25. You will also get an upgraded version of this noise-canceling headphone which comes wireless but before you purchase it, make sure you check out the guide that you have to follow for purchasing the best wireless headphones.

? If you’re the only cook for your home and you wish to explore the art of cooking via sous vide or the technique of cooking food in a water bath that’s temperature controlled, you can grab a great deal on the immersion circulator like Anova Precision cooker. If you wish to get the Bluetooth version, you can already get that on sale but in case you prefer the Wi-Fi version, you can still expect its prices to drop a bit more.

? Wirecutter took 41 hours of rigorous testing and along with the help of coffee experts, they chose the best coffee maker, the OCO On 9-Cup. Products of this company usually never go on sale but Black Friday is nothing but an exception. Hence irrespective of whether you’re buying it for yourself or for someone else, getting a new coffee maker could definitely be a great deal this year.

Tips to save money on your Black Friday shopping

? Utilize coupons & discounted gift cards: You can visit websites like giftcardgranny.com or raise.com to get discounted gift cards which work all round the year. You can save up to 8-12%.

? Know the right time: People who do their entire shopping on Friday post thanksgiving usually don’t get the best deals. The best deals are got between 10th and 18th December.

? Abandon your online shopping cart: Fill up your virtual shopping cart with enough goods and then log out of your account. Don’t even close the tab but just log out. When you do this, it might trigger automatic coupons that may be sent to your inbox so that you could purchase the goods.

Hence, now that it’s already Black Friday, make sure you follow the above mentioned tricks and tips to get the best deals on your purchases.


Nordic nation leads the way on financial innovation

Measured by its economic output per capita, Norway is one of the wealthiest places on earth (only surpassed by Luxembourg and Switzerland). Oil and gas exports have filled the nation’s coffers for decades, allowing it to build one of the world’s largest sovereign wealth funds (currently worth more than 1 trillion USD).

Meanwhile, important changes have been implemented within the country’s financial system, giving it an edge over other national economies. Here are some examples:

  • The banking sector has shifted its focus to online lending.
  • Consumers are allowed to digitally sign legal documents with a 2-factor authentication device.
  • Enhanced security, e.g. through the introduction of credit card chips and removing check payments.
  • Information is automatically exchanged between lenders and the nation’s tax authorities.

A paperless reality

In 2007 a new signature solution was introduced called BankID (a type of rudimentary 2-FA system). It consisted of a computerized chip which allowed the account holder to sign documents electronically.

As a consequence the traditional paper contracts were rendered obsolete, and banks began shifting their focus to online lending. Since then, the computer chip has evolved into a mobile app, making it easier to both store and access.

Another important step was the introduction of credit card chips, reducing the amount of fraud and theft. The reduction in monetary fraud has also been compounded by the removal of check payments from the national banking system.

A new partnership between the private and public sector

Lenders have simultaneously forged a new partnership with the public sector, leading to the automatic exchange of information. Consumers may file loan applications online and sign the documents electronically without ever setting their foot within the premises of a bank.

Loan processing times have decreased by a factor of x 10, as same-day payouts is becoming the new normal. Meanwhile, the internet has given birth to a whole new financial ecosystem. So-called “lead generators” are now responsible for the majority of online traffic to lending portals.

One example is https://www.billigeforbrukslån.no, a portal seeking to tear down the information silos within the nordic lending market. Their services allow consumers to compare lending rates, and the terms attached to each offer.

Less tax fraud and overhead

The nation was an early adopter of automatic information exchange between employers and tax authorities. Wages and other forms of income are automatically reported on a monthly basis.

The system has benefitted the national economy in numerous ways. Particularly through the reduction of tax fraud and money laundering.

As income numbers are automatically reported to national authorities, lenders may automatically access the information with permission from the applicant. This in turn makes it easier to assess the credit score of an individual, based on a relevant history of income. It also reduces the banks’ overhead expenditure, as documents no longer require the same degree of manual review.

More changes are coming

The automatic exchange of financial information can save national economies billions of dollars a year, while reducing the environmental footprint. Most developed nations will likely seek to fully digitalize their public sectors by the end of this decade.

Moreover, the financial industry is becoming more complex. The introduction of robots has made trading and lending more efficient, while leading to increased unemployment. We predict that this development will continue at full speed into the 21st century, and lead to fundamental economic changes.


Money Saving Tips When Borrowing Money

Deciding to borrow money is never an easy decision. Though it’s a necessity today, taking out a personal loan online still comes with a stigma that suggests you aren’t responsible with your money. In most cases, that can’t be further from the truth.

Just because you don’t have all the cash you need in order to cover your doctor’s visit, auto repair, or necessary renovation doesn’t mean you’ve been spending your money unwisely. Modern life is expensive, even if you budget each dollar carefully.

At least you’re used to it. A well-crafted financial plan is a great way to stay on top of your loan repayments. It itemizes your income and expenses in black and white figures, so you can determine where you need to stop spending to cover those loan payments.

But your budget isn’t the only way you can support your borrowing experience. The following money-saving tips can help shave off extra spending in surprising ways, so you can pay back your online loans faster.

Rethink How You Pay Bills

If you’re like most people, you pay off your bills as soon as payday hits. All the cash from that one paycheck goes into paying off your rent, cell phone bill, and any other recurring expense. These responsibilities can eat through your check quickly, leaving you with nothing left over until next payday. If something were to come up between now and then, you’ll have no cash to cover it.

Rather than assigning one paycheck to cover all your expenses for the month, reorganize the way you manage your money. Most people get paid bi-weekly, while bills like rent and utilities come at the start of each month. If you can count yourself among them, then set aside a part of each paycheck towards your monthly responsibilities.

These contributions don’t have to cover the entirety of your bills. There’s that second paycheck coming to help out, after all. You should, however, make sure your total contributions will cover the minimum payments on your cash loans, credit cards, and expenses.

Automate Bill Payments

Piggybacking on the last point, you’ll want to automate your regular bill payments to save you time, money, and effort. When you make your landlord, your car dealership, and your cellphone carrier authorized payees, you can set your bank account to make these payments automatically. Not only will you save some time when you aren’t manually paying your bills each month, but you’ll also avoid late fees and interest if you have a habit of forgetting due dates.

You can pre-authorize payments to any credit card company or direct lender you borrow with. Though the individual steps will be different for each bank, linking these payments should be easy. Some lenders, including MoneyKey, make it even simpler by hosting most of their services online, so it’s a simple matter of providing an account at the start of your application.

Delay Gratification

Even the most financially frugal individual isn’t entirely immune to temptation. Whether it’s buying Drake’s record-breaking album More Life for yourself or splurging on the holidays to make sure everyone on your list is spoiled rotten, we all have our own kryptonite that makes it difficult to stay on budget.
Prevent impulse spending from ruining your attempts at saving money by employing the 30-Day Rule on any of these last-minute purchases. At any time you feel the need to buy something you haven’t budgeted for, just wait 30 days and consider the purchase carefully.

Thirty days is long enough to disrupt the power these objects have over you, making it easier to say no to a purchase compared to when you’re first tempted by it. If, even after 30 days, you think it’s important to have that download or sneaker, then make the purchase.

Bring a List to the Grocery Store

You don’t actually have to write this out on a scrap piece of paper if you prefer to go digital. There are a variety of apps that help you design a penny-wise list that also hooks you up with the week’s coupons.

The method isn’t important as long as you stick to it. A list forces you to think about what your kitchen needs, so you’re more likely to make a meal plan. Meal planning isn’t just for those looking to lose weight or buff up, by the way; it can help you keep your food costs low even around holiday feast when you model yours with the help of these apps. It also prevents you from placing unnecessary snacks into your cart as you walk past aisles that don’t offer the things you need.

Simple changes to your habits can have profound effects on your budget. If you do it right, you might just save enough money to help pay off your loan before the specified due date. Even if it doesn’t help paying back your cash advance early, these helpful tips can help you later on, potentially eliminating the need for a loan in the future. So take advantage of these tips listed here and brainstorm your own!


Be Alert! 3 All-Too-Common Financial Scams

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How savvy do you think you are when it comes to fraud?

The sad truth is that how you answer this question isn’t particularly relevant. Scammers have made fortunes off people who might otherwise have convinced themselves they were completely savvy and well aware of the potential for fraud, but still found themselves sucked in by a good story.

As a result, being on your guard and aware of how these scams work is essential. Below are three of the most common financial scams– so you can keep hold of your hard-earned cash.

#1 – Legal Fraud

One of the reasons legal fraud is more common now is due to electronic communications. We’re all quite used to dealing with transactions online, so we think nothing of following through with advice we believe is coming from our lawyer.

Here’s how the scam played out in a recent case in the UK: The victim knew they were due to pay a large amount of tax on an inheritance. Their lawyer emailed them with the final total and details for payment. The victim paid the money, even getting a receipt for the payment. They then called their lawyer and were horrified to be told no such payment had been received.

What happened? Simple; the legal firm had their details and their email hacked, with the scammers able to direct funds to their own account as a result. The only way to avoid this kind of scam is to never pay money to an account you have been given via an electronic message; always call to verify you have the right details.

#2 – Probate Fraud

Probate fraud is increasingly common, and comes in a variety of different shapes and sizes. It’s a fraud that relies on lack of oversight. Most of us know people who haven’t done much for their estate financial planning after their death– you might even be in that group of people. Let’s face it: none of us like to think about our own demise, so unless pushed, we don’t put much effort into taking care of our affairs– and we assume others are the same.

So when these scams take place, people are more than willing to believe it’s possible that someone died without taking care of their estate. The scam usually plays out like this: an email or letter is received from a probate lawyer, most often in another country. The unknowing victim is told that someone has died; a distant relative of theirs, in fact. Often, these scams use genuine obituaries — which often share a surname with the intended victim — to make the entire act ring true.

So where’s the scam? Simple: the victim just has to pay a clearing probate fee and then they’ll receive their windfall inheritance. It goes without saying that when the victim pays that fee — potentially going into debt to do so– all communication about the will of their great-great-great Aunt Eliza vanishes without a trace.

#3 – Nigerian Scams

“Surely we’re all familiar with these now?” you might think, but you’d be surprised. These scams — known as 419 scams — are still making huge amounts of money for the perpetrators.

The victim receives an email claiming to be from a wealthy person overseas, who can pay a fortune if the victim will just help them to release funds due to a bureaucratic issue. The victim sends the money, but obviously receives nothing in return.

You might be well aware of these scams, but your elderly relatives might not– so it’s worth having a brief chat just to ensure they don’t fall victim to one of the internet’s oldest cons. Keep an eye on these and the aforementioned financial scams, and you can be sure you and your family are protected.


Personal Finance Lessons From The Rock

There aren’t many guys out there quite like Dwayne ‘The Rock’ Johnson. Not only has he had a fruitful wrestling career (the one that gave him his nickname) he branched out into acting, and has done things behind the scenes that many of us could only dream of. He started from extremely humble beginnings too, ending a football career in his younger days with only $7 in his pocket. It’s fair to assume that his personal finances would be in order now too – a man like The Rock doesn’t squander his money. You can just tell (it’s in the eyes).

If you want to make sure your personal finances are on track, then take these lessons from The Rock himself:

Choose a financial professional

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Never Put All Of Your Eggs In One Basket

The first lesson from The Rock: don’t put all of your eggs in one basket. Just taking a look at this guy’s life, you’ll see that he’s a perfect example of this statement. He has had careers in football, wrestling, and acting, and has even been in reality shows, including Ballers.  

The estimated $190 million of his net worth comes from his movie roles, but The Rock still knows how important it is to diversify. All the investors out there, this advice is even more important!  

Johnson never wanted to be pigeonholed as an actor that could only do one genre, or was only cast as a certain type of character. He recommends you capitalize on your other talents so you have as many revenue streams as possible – not to mention loads of fun and excitement in the process. You don’t have to become an actor like him – simply try getting a side gig doing something you enjoy, or start a part time business. You may even be able to say goodbye to the 9-5 rat race eventually!  

He explains that success isn’t about greatness, it’s about consistency. Providing you’re consistent with your efforts, you will achieve greatness along the way. Wise words from Johnson!

Create Passive Sources of Income

While The Rock definitely loves acting and getting paid for it, he also loves creating passive sources of income that he can enjoy when he’s chilling out in his fluffy dressing gown and bunny slippers. He gets an impressive source of income from the WWE, earning 7% on sales, pay per view earnings, and much more.

How can you create passive sources of income? If you’re knowledgeable in a certain subject, you could write an e-book, or start a blog (although becoming recognised in your niche takes time, and as aforementioned, consistency). You can even invest your money, although you’ll want to start small and assess your risk level before you decide on the type of investments to make. They take a while to pay off, but they can be worth it.

Negotiate More Than Your Salary

The Rock is a great negotiator. He believes that we should all negotiate more than a salary with whoever it is we’re working for or creating a contract with. This means maybe getting a reduction on a health plan, a refund on professional certifications, a bonus in company shares, or something else that makes sense for you.

Get Life Insurance

If you’ve got any dependents, then life insurance is a must. The Rock knows this. If you’re going to be the breadwinner of your household, then life insurance is imperative. Nobody wants to sit and think about their own mortality for too long, however, you need to think about your family in the event something should happen to you. We just don’t know what’s around the corner.

If the majority of the mortgage payment is down to you, then what will your family do if something was to happen to you? Maybe something happens and you can’t work anymore, or worse. Bear in mind that your family will also need to take over your debt when you’re gone, so keep that under control! Develop a rock-solid plan (get it?) and get your finances under control, paying off your debts and getting the correct insurance in place. You could risk going without any type of insurance, but then you’ll need to come up with the funds all at once if something does happen to you, like an accident or injury. Whatever you do, just be sure you don’t pay a personal injury lawyer upfront! You should only get charged when your lawyer has proven they will be able to get a result for you.

Don’t go for the cheapest insurance plan if you decide to take this route. Go for the one that suits your situation!

Listen To More Professionals

Listening to and hiring professionals to help you is going to be invaluable. There are so many things in life we can find boring or too difficult. You don’t want to pay your taxes yourself, as this is time consuming and confusing. You don’t want to have to execute an entire will by yourself either – what if you word something wrong, or forget something?

Sometimes, if you want things done, then you do need to do them yourself. Other times, delegating and outsourcing is the right way to go about it. Your time is valuable too, you know! Not only will you get things right the first time when you speak to the pros, you’ll also avoid any financial damage that could be done in the event of mistakes.  

Choose a financial professional that you resonate with and you’ll be able to work together in the long term. Make sure you do plenty of research, read reviews, ask for recommendations from friends, and maybe even meet with those you like the sound of.

There you have them – the personal finance lessons from The Rock. These lessons can work for just about anybody, with any goal. Will you start using these smart personal finance lessons from Dwayne ‘The Rock’ Johnson, or do you think you have things down already? Leave your thoughts below. Thanks for reading!


To Buy or to Rent? That’s The Question

As we embark on our careers and start a family, many young adults choose to invest their hard-earned money by buying their very first home. It’s an exciting period with a lot of learning involved; from finding the right place to buy, to getting the right kind of insurance, and selling it again a few years later.


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In the meantime, however, you’ll see the same generation choosing to rent instead of buying – and they claim to have made the right decision.

While we can’t make a choice for you, we can show you the pros and cons of both options, so that you can find the one that works best for your lifestyle and finances.

Buy to build equity over time

Die-hard tenants can talk about the benefits of renting all they like, but they still won’t be able to build the kind of equity over time that homeowners can. You can always find another way to invest the money you would have spent on a home, though, and those who choose to buy are not joining some sort of exclusive investment club.

By renting, you’ll be paying down on someone else’s mortgage which is exactly why many people choose to buy instead.

Keep in mind that equity does not equal automatic profit, and the area you’ve chosen to invest in may very well take a dip in value over time. Renting your home may not build equity, but there’s also no risk involved as you can pack up and move when the street turns student-friendly.

Relocation is easier for tenants

Those who love the freedom of simply giving a few weeks notice before packing up their stuff and head to Thailand to work for a year or so, would never consider buying a place. Sure, you can become a landlord and find tenants – but it’s tricky to maintain a place when you’d like to trot the globe instead.

Not only can you stay flexible and volatile when it’s time to head abroad, but you can easily upgrade to one of those fancy city apartments without having to go through the hassle of selling first.

Responsibility for maintenance

While owning your own home gives a lot of creative freedom as you may decorate and spruce it up as you please, you’ll also be the one in charge of taking care of whatever repairs and maintenance your home needs.

This can be quite expensive; it’s estimated that you’ll spend about 1 % of its total value each year on repairs.

The furniture in your home may also be yours to keep, but you can include the cost of keeping this up to date as well. Most rentals come furnished and, while you have to take reasonably good care of it, the wear and tear of living there won’t come off your paycheck.

Small families and those who plan on staying put for the next couple of years can really benefit from buying instead of renting. You’ll be involved in the community and feel that sense of belonging that is so important for small families; until then, don’t worry.


Should you finance your car from your dealer or get a loan from the bank?

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Are you someone who is searching for either a used car or a new one? If answered yes, chances are high that you would want to finance your car either from the dealer or from the bank. Majority of the cars are usually financed as the drivers can never afford to pay for the new vehicle with cash out of their pockets. Hey, but before you sign on the papers at the shop of the dealer, you may wish to consider getting better interest rates by financing your car through a credit union or a bank.

Who will provide you with a lower rate?

There’s no such thumb rule which will say that the dealer can always beat the rate offered by your bank or credit union. You just need to take into account the fact that dealer financing is in a way bank financing; the dealer does the legwork of approaching the bank on your behalf. This is where there is no such definite answer to the question as to who will offer you a car loan at a reasonable rate. With that in mind, there are some benefits and pitfalls of selecting a dealer and same is the case with choosing a bank.

Financing through a dealer – Is this the best choice?

Many car buyers who wish to avoid heading towards the bank go through the dealer as this is an easier option. They can finance the car and allow you to drive away on the same day. However that doesn’t mean that the easier way out is always the better way out. The rates of the dealers are marked higher from the rates of the banks and they require being for the dealer to make money. This clearly implies that rates can be higher. Just because dealers send enough business to banks of the entire country, late payment can mean talking to a bank which may not offer you lenient options like your local bank.

However, there are few benefits of dealer financing. One of them is that automakers offer low rates like 0% as their promotion tactics. As this is only true for new cars, it is actually a rate which the banks won’t match.

When is bank the better option?

The bank holds few benefits which you may not get from the dealer. Since the bank is located near you, you have a good relationship and this will certainly mean that you will have an increased likelihood of making the bank work with you in case you fall back on your payments. The main advantage of the bank is that it doesn’t mark its rates and there will be no such middlemen who will be racking up commissions.

So, in case you’re someone who is looking forward to buying a car, you can first go to your bank to see their offer. If you don’t find it feasible, get a quote from your dealer and stick to the one which offers you better terms and conditions.

 


Advice for the ‘back to school’ expenses – Finance tips to stay at the pink of your financial health

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As per reports from the Huntington Bank Backpack Index, the total cost of school supplies jumped 90% from 2007 to 2017 and the report that was released recently predicted increases of 1% for elementary and 5% for middle-schoolers for the approaching school year. Nevertheless, there are several reasons behind people feeling good about shopping for school supplies. This is indeed an interesting time of the year and parents can actually share the enthusiasm of the children and it is high time parents can spend time with their kids while teaching them how to shop smart.

If you keep continuously watching your expenses on ‘small stuff’ like groceries, school supplies and clothing, with time this can considerably increase the overall savings. You can even include your kids in back-to-school shopping procedure and identify your spending goals to decide where exactly you can do your shopping. During this back-to-school season, here are few financial tips that you can follow.

• Visit the local retailers: Stores like Office Depot, Staples and Walmart provide you with competitive bargains as against internet-only retailers. Look for some special discounts but make sure you don’t get attracted towards low prices as this may force you to spend on things that you don’t need. Don’t forget to check out the local retailers which offer discounts on prices throughout the year like Five Below and Dollar Store.

• Shop during the sales-tax holiday: There are many states which provide a shopping day or some shopping weekend when they waive off the sales tax which is otherwise applicable on other days. You can shop for all kinds of school supplies on this day if you want to avoid paying local and state taxes, which is 10% in most states.

• Combine deals: In case you come across a great sale at the local retailer, shop when you the sales tax exemption, you can even use some coupons and also earn reward points. If you shop this way you can just earn the highest discount. In case you pay with a card which offers you cash back, you will be able to save more. Just make sure you don’t accumulate those balances and rack up interest charges.

• Online shopping is always better: We are familiar with the fact that time is money. Apart from Amazon, there are other competitive sites like eBay where you can get discounts. In case your family feels that the time is nothing but the scariest resource, you can search deals online as that may be the best way to save money and time.

• Buy used books: Do you still cringe to buy used books since you’re concerned about the retailer’s quality? If answered yes, be sure that Amazon and Barnes and Noble are all there to help you with the best online books. You may even consider downloading the digital textbooks.

Therefore, if you have a kid at home who is back to school and you are supposed to buy lots of school supplies, make sure you follow the above mentioned tips to stay within your best financial health.

 


Surviving The Financial Hardships Of Disability

Having a disability be in physical or mental can be very distressing. There is not just the pain and discomfort that you have to deal with, but also all of the associated changes in your life as well. In particular, there can be big changes in your financial situation causing you to have less available resources than before your condition took hold. However, with some careful search and planning, it is possible to survive the financial hardship of disability. Read on to find out how.

Decreased Income

One of the biggest financial issues that folks that have long-term illnesses and disabilities have is their decreased income. This can be caused because of the time they have to have off of work, a reduction in the hours that they can work, or a change of role because their disability doesn’t allow them to continue on in the same vein.

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A decreased income caused by disability can be very tough to deal with emotionally as well as practically. Emotionally it’s something that can play into a person’s self-perception of their value and worth. Causing their self-esteem, that may already be damaged by their condition to plummet further because they can no longer provide for themselves or their family in the same way as they once did.

Practically, of course, having a decreased income is directly going to affect the sufferer and their families standard of living. It may mean that they can no longer pay their rent or mortgage and have to move to a cheaper property, or neighborhood. It may be that they struggle to maintain their vehicles, limiting them in their transport options further isolating the sufferer and their family.

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It can even affect things like stress relief as the suffering can no longer afford to go out and have a little fun, making coping with their condition, and maintaining positive family dynamic in the face of adversity very tough.

So what measure can be put in place to deal with a decreased income due to disability? Well, one is to ensure that the suffering is claiming all the benefits that they are due. Don’t be put off either, if you have been refused disability benefits either, as there is an appeal process and many skilled and empathic lawyers like LaPorte Law Firm out there that can help you construct a compelling case. One that can show the jury just how deserving of assistance you are.

OK, it may be true that disability benefits may not be the same as a financial league as a full age, but they will certainly go some way in making your struggle a little easier when you have an illness and can no longer work.

Another option, of course, is to ask your employer for some flexibility in your work situation. This may include things such as being set up to work from home so you can continue your role, in a more accommodating fashion. Something that may allow you to retain your full wage despite your condition. Of course, this will differ from case to case and employer to employer, as not all sufferers will be able to work, even in a home situation, and not employers will be able to provide work of this type.

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Medical Treatments

Something else that many folks that suffer from longer-term illnesses or disability have to deal with financially is the cost of the continued treatments and medications.

As we all know medical help in the US isn’t universal or cheap, leaving many people unable to pay for the care they so desperately need. While this continues to be a social issue that will rage in Congress for the foreseeable future, there are some things that you can do now if you find yourself in this situation.

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The first is to explore any medical health claims that are relevant to your illness. These may be against an employer if you were injured at work through their negligence, or it may include bringing a suit against another driver if their mistake caused your injury while on the road. There are also plenty of medical litigation cases brought these days against hospitals and individual medical professionals that have caused illness or disability due to mistake that is made in their work.

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OK, some people don’t like this claim culture and think it has gone a little far, and claims do have to be made with common sense and decency. However, if you have lost earnings, and have expensive medical treatments to pay for because of someone else’s mistakes, it seems only right that you ask them to contribute towards this and step up to their responsibility.

In other situations, however, this disability or illness you are suffering from isn’t due to someone else’s mistake. It may have been caused by an underlying genetic issue, a freak accident or the like. In these cases, it’s not possible to seek financial help from another party, but you will still have medical cost to pay. That is where free clinics and charities come in as a solution.

Free clinics are run by charitable trusts and provide healthcare to those that cannot pay for this themselves. They are a godsend to those that are struggling financially due to their illness or disability because it means they can access the care and medication they need without being put further into debt. Something that is particularly useful for folks that have bad credit due to unpaid medical bills.

Of course, not all hospitals have a free clinic, and you may have to travel if there isn’t on in your town or city that can deal with the specific issue that you have. To help you with this why not look up the closest clinic that does not charge at sites like this. As then you can decide whether it will be viable for you to travel there and get the treatment you are looking for without having the additional burden of finding the money to pay for it as well.


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