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Budgeting home expenses


Rock Bottom - 5 Steps for Rebuilding Your Life After an All-Time Low Photo by Tom Pumford on Unsplash 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: 1. 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. 2. 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. 3. 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. 4. 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. 5. 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. 1 comment
  Photo by Tom Pumford on Unsplash 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 […]

Rock Bottom – 5 Steps for Rebuilding Your Life After ...


5 Tips to Avoid Toxic Debt for a Secure Financial Future
Swimming With Sharks -Get Out Of Toxic Debt Source: The Digital Way on Pixabay The burden of debt isn’t just stressful; it can be genuinely debilitating when it comes to your finances. Don’t feel like bankruptcy is the only solution. Here are five tips to avoid toxic debt for a secure financial future. Avoid loans Some loans are unavoidable. We […]

5 Tips to Avoid Toxic Debt for a Secure Financial ...




3 Ways to Make Use of a Debt Consolidation Loan Effectively 1 comment
Are also suffering from the problem of paying multiple payments and installments of the loans you are taken? If yes, then you have landed at the exact location. Here you find the most appropriate way to get rid of the same thing easily. Not only you, but there are also hundreds and even thousands of people present who suffers from […]

3 Ways to Make Use of a Debt Consolidation Loan ...


Frame LCD TV Stand in White Gloss With LED and 5 Drawers
Every TV Lounge deserves a TV stand. They make the room look neat, organized, and even adds to the aesthetics. They mark the center of attention in the room and are therefore a pretty important piece of furniture. Television stands come in various styles, makes, and sizes. Choosing the right TV stand for your home can be difficult, especially since […]

5 Affordable TV Stands That Will Lift Your Entertainment Experience


Oh My Heartsie GIrls Weekly Linky Party For All Blogs To Share Their Latest Posts
Being a frugal shopper buying wisely and using coupons on food and nonfood items can save your hard earned money.  In today’s world money is of utmost importance.  You won’t be able to survive without sufficient money at your disposal. Therefore, it is very important to make sure that you not only earn money but at the same time save […]

 Money Saving Tricks for Working Moms



Five Awesome Facts About Your Tap Water Filter
Tap water can be full of nastiness: germs, algae, rust, ancient dirt, and chlorine galore. Even if it has no distinct color, you may want to give it some thought and TLC – you do live off it, after all! More and more households are choosing to filter their water and for good reason. If you ever wanted to learn […]

Five Awesome Facts About Your Tap Water Filter


Making Financial Freedom an Attainable Resolution for 2019
Start The Year Out With Some Financial Goals You Can Attain 2018 is wrapping up to a close. As the holidays come and go and the new year hits, you’ll be looking back as well as looking forward to what 2019 brings. Looking back now, how do you feel you did financially? If your answer is anything but positive, it’s […]

Making Financial Freedom an Attainable Resolution for 2019


Make Money Selling Your Jewelry You Dont Wear Anymore
Several people purchase jewelry items online on a daily basis. This has led to selling and buying jewelry online evolving into a popular business that can be extremely lucrative. Considering these factors, however, a high level of competition is inevitable. With a few thoughtful tips in mind, you can ensure that you are on the right track when you want […]

Make Money Selling Your Jewelry You Dont Wear Anymore



6 Place You Can Buy Colourful Eco Bags From
Do you always end up spending extra on carrier bags every time you go shopping? Every plastic carrier bag you pay for is costly for both you and the environment. The environmental impact of plastic is akin to a horror story. By saving money on carrier bags, you can save the environment as well. You can buy printed eco bags […]

6 Place You Can Buy Colorful Eco Bags From