Healthcare in the United States is nearly twice as expensive as it is anywhere else in the world – assuming you’re comparing against similarly developed countries. In fact, for many households, health is synonymous with a financial burden that can put you by more than $8,000 out of pocket.
With the coming of the new year, most of us want to ensure that we get into better financial habits. While for many of us this means saving more and making better choices when it comes to the purchases we make, it should also extend to the financial products we use and the institutions we rely on to provide them. Let’s face it “neither a lender nor a borrower be” simply isn’t practical advice when living in The Big Smoke in the 21st century.
No matter how money-conscious you are, there will sometimes be bills or charges that crop up in your life. Perhaps you were driving a little too fast on the drive home last week? Or maybe, a freak weather storm has ruined many parts of your home. No matter what the reason for bills cropping up, it can be difficult to know how to deal with the payments, especially if you don’t have the money at hand. In situations like these, what do you do?
As a parent, you want your children to gradually develop a sense of independence – and one of the main areas of life in which they can gain this is their finances. The problem is that you want to support them without them becoming overly reliant on hand-outs from you. This is an area which you need to handle delicately, as nothing can end up putting a strain on relationships quite like issues with money.
You are not your job. It can be difficult to remember that in these fast-paced, ultra-competitive times. In an era where we seem to be working harder and for longer hours than ever before (even though our pay packet may not reflect the effort we put in), it can be hard to extricate the quality of our lives from how we feel about our jobs. If waking up every workday morning is agonising for you, you’re not alone.
Are you concerned about what might happen if you don’t prepare for the future financially? Well, you should be! There are lots of things that could happen to you, and if you don’t put the right measures in place, it is possible those instances could cause many adverse outcomes.
Experiencing financial troubles is something everyone has to go through at one time or another in life. It’s part of the ups and downs of life, so when you find yourself dealing with financial problems, don’t feel like you’re isolated. As well as knowing that many other people have been through the same thing as you, you should also realise that there is plenty of support out there for you to make use of.
Building up your bank balance is something that anybody can do if they are determined enough. You don’t need to get a better job or anything to build up your bank balance; in fact, there are some small but effective things you can do if this is something that interests you.
So, you’ve been called up for jury service. You’re probably thinking “now what?!”
There’s nothing like life for throwing curveballs and though you should hopefully be prepared and have some emergency funds, there may be some financial setbacks you have to face along the way.