Rock Bottom – 5 Steps for Rebuilding Your Life After an All-Time Low

A variety of things could tank your financial situation—divorce, bankruptcy, or the loss of a job, to name a few. While you may feel like things will never look up again, that is not the case. Below are five steps that you can take to start rebuilding after an all-time low:

Beat the Credit Trap

In general, it is not a good idea to add a loan to a bad financial situation, especially if it’s a payday loan that comes with excessive interest. No-interest loans are an exception to this rule. These loans are typically smaller in size, ranging between $300 and $1,500 for things like education or essential goods and services. A no-interest loan can be a great way to set yourself up to rebuild your credit score while helping you attend to your basic needs.

Create a New Budget

Given that your financial situation has changed, your budget must change as well to reflect your new income. A caveat, it must be realistic to be successful. Go back through your bank account and credit card statements from the previous month and review bills and amounts. If your financial issues did not allow you to pay your bills in the recent past, put your budget efforts on hold briefly. Your first focus should be creating a list of what you owe and to who. You can then create your budget to include your monthly payments to pay your bills as well as the additional amounts needed to catch up on outstanding payments.

Get Professional Help

If you are struggling to find a path to catch up on outstanding payments, a great resource is a financial planner or advisor. Financial counselors can help you get out of debt and teach you how to create an emergency fund so you can avoid this economic rock bottom in the future. You can find these individuals through such resources as the National Debt Helpline, which is a free service.

Pursue Emergency Relief

If your new financial situation is dire and you cannot afford to purchase food or pay essential bills, it is time to seek out emergency relief. There are nonprofit organizations that can provide food, clothing, transportation, and other services to help get your financial life back on track.

Make Time for Self-Care

A very important item in rebuilding your finances is self-care. Your mental health can suffer if your finances do. For example, your new financial situation could cause you to experience feelings of anxiety, worry, increased stress, and depression on a more consistent basis. It is crucial to keep these new emotions in check by investing in self-care. Meditation and deep breathing are excellent ways to restore emotional balance as is exercise. Think through what brings you peace and relief and pursue those things consistently.

Your financial rock bottom is not the end of your story. You can absolutely rebuild and create a better financial future. If you are unsure where to start, seek out the help of a financial counselor. Then, create a new budget which may include payments for those you have missed in the past. If you need an immediate influx of cash for an essential good or service, only consider a no-interest loan or seek out emergency relief. As you rebuild, set aside time for self-care so that your mental health does not suffer alongside your financial health.

August 3, 2019

Have You Ever Thought About Buying Cafeteria Furniture

Things To Keep In Mind When You’re Buying Cafeteria Furniture

Planning a business venture is exciting and challenging! When you wish to opt-in for a cafeteria business, you feel the same. You need to think about everything right from scratch – the cafeteria decor, the interior decor design, the chairs, tables, shelves, and many more. It is essential to plan your cafeteria decor in a way that it reflects your cafe theme. One of the most crucial decisions you need to make is about choosing cafe furniture. It is where your customers are going to sit, rest, recline, and enjoy their coffee, beverage, and food.

Restaurant Interior Design — via: Pinterest

There’s no rule for choosing cafe furniture! Everything depends on your vision, careful planning, and budgeting. It is essential to opt-in for a store that enables you to choose the best cafe furniture. To know more about this, you can get in touch with Cafe Solutions Perth. And when you are planning to purchase your cafe furniture, you can keep the following things in mind.

Make a list of your requirements

It is something fundamental you need to do! Analyze your cafe space and make a list of the furniture you require. It is essential to have a look at the cafeteria area and choose your furniture pieces. If you feel space is not conducive to accommodate lounge furniture or a large sofa, you should stick with the conventional chair and table. You can choose a unique chair and table designs and innovate as you move ahead in your business.

Don’t replicate

Cafeteria business is a prospective business! Today, many cafe entrepreneurs are venturing into the market and are investing in quirky and artsy furniture and other interior decor. It raises the competition and makes you want to put forward your best as well. However, in an attempt to make your cafeteria look impressive, don’t replicate furniture pieces. You need to stay original and stay true to your cafe theme, area, and seating capacity.

Don’t mix themes

Today, people are all in for themed cafeterias. However, if you don’t have a theme yet, you can go ahead with minimal cafe decor and start your business. But if you have a theme and use the wrong furniture, then you are running the decor. It will not provide your audience with the desired experience they’ve been searching for.

Choose comfort over cheap discounts

As a cafe entrepreneur, you sure would want to add to your savings, so that you can invest that later! However, in an attempt to save money, don’t choose furniture that adds to a person’s discomfort while seating or reclining. You must choose chairs and tables are provide comfort. There’s no point in saving a few dollars and losing out in business because your customers don’t visit your cafe seating comfortable.

These are some of how you can select the best cafeteria furniture for your upcoming cafeteria. Make sure you choose chairs and tables that resonate with your cafe theme. You should also create a budget and select your furniture accordingly.
Related:
The Trend of The Restaurant Decoration
As A Restaurant Owner What You Need To Know About Interior Decor
The Brand-New European Destination of Entertainment

August 2, 2019

Payday Alternative Loans vs. Personal Loans: What is the Difference?

At times, you need some urgent cash. Say, for example, you need to handle an emergency. In this situation, finding a way to borrow some money can be a complex thing. For a good number of people, turning to payday loans is their first option. However, payday lenders take advantage of you by charging hefty interests and fees.

Also, they offer a short repayment period. The other option is taking a personal loan. This option, too, is not easy as you must meet particular criteria set by your bank. Fortunately, you can now have alternatives to payday loans, called Payday Alternative Loans (PALs). This article will help you understand what the PALs are and how they differ from traditional personal loans.

You probably think that these loans are just alternatives to payday loans because of the name. Well, you’re not alone. Many people will have the same interpretation. However, this is not the case even though they are one of the alternatives to payday loans (others are advances, overdrafts, credit card loans, and peer lending). If you are confused, do not worry as this article is here to educate you.

What Are Payday Alternative Loans?

In a simple definition, Payday Alternative Loans are a form of short-term loans or credit offered by federal credit unions offered to credit union members; they follow strict regulations. Unlike payday loans, credit unions must meet the regulations and requirements of the National Credit Union Administration, a body that regulates credit unions in the United States. Some of these rules are:

The loan must be between $200 and $1000.
The interest rate cannot be beyond 28% (but this depends on the set lending rates).
The processing fee is not more than $20.
You have a repayment term of between one and six months.
You cannot take more than three PALs in a span of six months.
Payday Alternative Loans cannot overlap each other. This aspect is common in payday loans, though.
You need to be a credit union member for at least one month. However, the NCUA enacted new rules in 2018 to eliminate this requirement.

With these rules, Payday Alternative Loans have become more flexible and better than the normal payday loans or various alternatives. However, it is important to note that these rules only apply to federal credit unions offering them. Private credit unions can have other terms, even though they fall under the National Credit Union Administration (NCUA) regulations.

Personal Loans

For a long time, people have confused the Payday Alternative Loans with personal loans. As you know, a personal loan is a form of loan you can borrow for a particular purchase or payment purposes. Mostly, it is unsecured meaning you will not need collateral; some lenders require some security. With this in mind, it is essential to determine the difference between the two loan types.

Differences Between A Payday Alternative Loan And A Personal Loan

These nation21’s dollar 2000 loans differ in terms of eligibility, repayment period, loaned amount, processing fee, etc. Here is an elaboration of each of these differences:

♦ Eligibility

Eligibility involves the requirements you need to fulfill in order to qualify for the loan. Even though the loans are easy to qualify for and have a decent interest, it is not available for everyone. These loans are part of the credit union credit laws. Therefore, one must be a member of the credit unions to qualify for a PAL.

However, becoming a credit union member is not an easy task. The reason for the limited membership eligibility is because credit unions are not-for-profit organizations. Their purpose is to enable marginalized people to have an opportunity to access credit.

♦ On the contrary, eligibility for personal loans is not strict. First, you do not need to be a member of a credit union to get a personal loan. Secondly, you can get a loan from any lending agency such as banks, national lenders, online lenders, and peer-to-peer lenders.

Repayment terms

Repayment terms are the next aspect that differentiates personal loans and Payday Alternative Loans. For the PAL, you have a repayment period of one to six months. This term is shorter than the personal loan repayment period. When you take out a personal loan, you have a repayment period of one or more years. This aspect allows you to have a lower monthly repayment. However, it also means you will be in debt for a longer duration, and it might be a good and bad idea.

♦ The loaned amount

As stated, Payday Alternative Loans are short, small loans, so, do not expect to get a huge amount. To reiterate, you can borrow a minimum of $200 and a maximum of $1000 from the PAL lenders. On the other hand, personal loans offer credit starting at $1000 and above. You can get a loan of $60,000 or more depending on your needs. When in need of small amounts to meet urgent needs, Payday Alternative Loans are a good idea.

♦ Similarly, if you are looking or in need of hefty amounts, personal loans are the best alternative. The loan processing fee and cost

Obviously, each loan has costs and processing fees. Some lenders offer inexpensive interest rates, but make up for that by charging a processing fee and other costs. To shield borrowers from exploitation, Payday Alternative Loans have a capped fee of $20. Lenders can charge below this amount, but not more. Since they are not-for-profit lenders, they charge lower interest. Consequently, the loan cost is lower compared with other lenders.

For personal loans, lenders have different terms. The lenders can have different costs for these loans such as origination, application, and processing fees. Others will not charge you any fee. For those who charge the fees, they can put it as a percentage of the loaned amount or use other criteria to determine it. At times, the charges will be higher than those of PALs.

It is essential to consider the terms and conditions of personal loans before accepting them. For the Payday Alternative Loans, you are safe from extra charges due to the capped fee rule.

♦ Processing time

When considering a loan, it is important to know the processing time. Shorter processing time is important when you need cash for an emergency. Like other payday credit companies, Payday Alternative Loans have a short processing period. This credit is set to help you handle emergencies. So, you will get money in a short duration, usually less than 24 hours after application.

For personal loans, you will need to wait longer before the loan processing process is complete. Remember, the lender needs to check various factors before releasing the requested amount. It’s clear that if you don’t need more than $1000 for an urgent issue, then PAL is a good option.

Wrapping Up

In a word, Payday Alternative Loans and personal loans are reliable emergency credit possibilities. They can help you deal with urgent cash needs and purchases. However, each of them has different costs and fees. You need to understand the terms and conditions set before applying for the loan. In addition, each of these loan types is suitable for particular cash needs. Now, you know the difference.
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Related
What Do You Know About Unsecured Personal Loans
Familiarize Yourself with Unsecured Personal Loans
Have Bad Credit-Need a Loan-Learn How
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August 2, 2019September 11, 2020

Why Keto And Intense Exercise Aren’t A Good Combination

So you want to improve your lifestyle. From losing weight to toning up, building muscle, and improving overall fitness, you know it’s a good combination of changing your diet and undertaking a little exercise. You know that keto is great for burning fat, and increasing the intensity of your work out is the best way to challenge yourself. So why not do both, for maximum impact? Great idea – but unfortunately tough to maintain – and here’s why.

The keto conundrum

At its core, the ketogenic diet involves a low carbohydrate, moderate protein, and high-fat meal plan throughout the day. Denying the body glucose, and slow-to-digest proteins, the primary fuel in the body becomes fat – which can lead to a boost in energy. This is primarily due to the body going into a state of ketosis, which is where the body begins to feed continuously on fat reserves when fat from food runs out.

If you’re concerned that this sounds like an incredible strain on your body, ketosis is actually a natural process that everybody goes through from time to time, particularly when we’re asleep. An unfortunate by-product of ketosis is that it can make your breath smell a little, so if you’ve ever woken with bad breath for no apparent reason – now you know why! However, another downside is that without glucose in the body, energy reserves are significantly depleted.

Intensity unsustainable

And you’ll notice this no more than when you next hit the gym. Whereas with a good supply of glucose in your cells you may be able to lift heavier weights, run for longer, and recover faster, a body in a state of ketosis may not match your usual levels of performance. So, although you’ll be burning more body fat during the day (and night!), you’re likely to find it tough to increase or match your usual levels of performance.

Another aspect of the ketogenic diet that people find hard to sustain, of course, is the diet itself. It can become awkward when you’re preparing food, eating out, and when you haven’t got enough low-carb supplies in the house to sustain the diet – and the human body is very sensitive to the occasional slip in your food consumption.

Finding the right balance

So, unless you can be sure that you’re going to stick wholeheartedly to the diet for a sustained period of time, it might not be worth the risk. For instance, if you were to eat a few potatoes, your body would instantly switch back to turning carbohydrates into glucose again, and all that fat you’ve been eating would be added to your existing fat reserves (even if you’ve managed to deplete them a little during the diet so far).

A more sustainable way to boost your health, therefore, would be to simply lower the volume of carbohydrates you eat and see how far you can push yourself when exercising. A combination of group training and reduced calorie consumption could be far easier to manage and adapt over time, so be sure to start with a weight loss retreat by Prestige Bootcamp, and plan your meals effectively to slowly but surely maintain a calorie deficit.

This post may contain affiliate links, which means I might receive a small commission if you make a purchase using a link.

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