Asking for Financial Help, It’s Not a Crime and It’s Completely Fine

For some reason, we humans seem to struggle when it comes to the task of asking for financial help. Whether it’s pride getting in the way. Whether it’s a fear of what might be thought of us if we do it. Or whether it’s the fact that we never envisaged ourselves ever actually having to do such a thing. Whatever the reason, there’s something about us humans and asking for financial help that just doesn’t mix. But, if you find yourself in a spot of financial bother, then you might simply have to do it. And if you do, remember it is not a crime and that it is completely fine to do! Read on to see who or what it is completely legal and fine to borrow, or even be gifted, money from.

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Ask those closest to you

If you ever find yourself in the midst of a financial fiasco that is bad enough to warrant you need help, then the first person or people you should turn to are those are closest you, i.e. your family and friends. You should do so because they will not ever want to see you struggle with anything, especially something as stress inducing as money.

However, as good an option asking your loved ones for financial assistance when you need it is, it is probably the toughest option to take. But, there are ways to make it just that little bit easier. You need to ease yourself into it and not rush into deciding who to ask for help and how you’re going to ask them. You should know exactly what you need and exactly how your financial future looks so that you give them exact details on how you’re going to pay them back, if they have in fact asked you to pay the money back. And you should always be gracious with the financial assistance they provide, whether they gave you exactly what you asked for or not.

Get in touch with professional lending borrowing companies

If you just can’t bring yourself to ask those closest to you for financial help, or you don’t know anybody that has the ability to provide you with help because of their own financial outlook, then you should get in touch with professionals in the lending and borrowing sector. This could mean getting in touch with payday loan companies and subsequently taking out a loan that you will pay back when you paid and have the financial capabilities to do so; if you take out a loan with such a company, just make sure you know exactly what is asked of you in regards to interest payments and payment deadlines. Or, it could mean getting in touch with crowdfunding organisations and asking them to help you raise money; if you want to take this option, just make sure the reason you are raising the money is a good reason for people to fund you, and not just to get yourself out of a bit of financial bother.

If you ever find yourself in the midst of a financial fiasco because of money management mistakes you’ve made, then be sure to ask somebody or something to help you out. A problem shared is a problem halved, and all that.

The Money-Management Mistakes You May be Making

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We all want to be want to be financially stable. None of us want to have to worry about paying the bills every month, or whether we’ll have saved enough to send our kids to college by the time they reach 18. Unfortunately, that is a daily reality for many of us, which is really sad when you consider that things really don’t have to be that way!

The fact is, many of us aren’t as financially stable as we could be, no matter what our income levels and commitments are because we don’t manage the money we do have effectively. Check out these common money-management mistakes to see if this could be your problem too:

Paying too Much Tax

If you tend to get a large tax refund at the end of the year, which comes as somewhat of a blessing because you’ve been struggling for most of the year, it’s a pretty big indicator that you’re having too much tax withheld from your pay each month. By simply adjusting your figures, you could keep more money in your pocket throughout the year, so that you don’t have to worry about paying the bills any longer!

Having Too Many Debts

If you have six credit cards and two loans, it can get tricky managing the repayments. Not only are they likely to suck up a sizeable chunk of your paycheck every month, but there’s a good chance you’ll forget to pay at least one of them, thus accruing charges. The good news is that a quick visit to debtconsolidation.co and a quick conversation with a professional is all it takes to make things more manageable. When You consolidate your debts, you really do simplify them.

Not  Tracking Your Money Effectively

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If you try to keep track of your spending in your head, you will miss out lots of expenses, big and small and your budget won’t stretch quite as far as it otherwise might. That’s why you should be using a spreadsheet, or even better, one of the spending tracker apps at forbes.comfree-apps to track everything you spend and help you to cut down on unnecessary purchases. It’ll Make a huge difference.

Not Automating Savings

No matter what your circumstances, unless you are quite literally living hand to mouth, you should be making efforts to save and that. If you’re reluctant to do this, or you always find an excuse not to, automating it so that a lump sum comes out of your bank account and into your savings account every pay day is a great way to make it as painless a habit as possible.

Spending More than Necessary

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Of course, the biggest barrier to financial stability is undoubtedly spending more than you really need toon anything at any time. Before you buy anything, you should really ask yourself if the purchase is necessary and if you can do anything to lessen the cost. Onlyif after doing this, it seems like a good idea, should you buy.

Stop making these mistakes, draw up a tight budget and review your finances regularly to ensure that you have more money in the bank and you’re better able to meet your future financial goals, whatever they might be.

Financial Factors That No Parent Can Afford To Ignore

Money isn’t the most important thing in this world, but financial stability is a necessity as you look to provide your child with the best start in life. However, personal wealth and financial health aren’t dictated solely by the value sitting in your bank account.

 

Looking at the whole picture is a key aspect of taking financial responsibility. Here are five commonly overlooked elements that could potentially open up a financial nightmare. Avoid them at all costs, and things will suddenly look a whole lot brighter.

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#1. Preparation For The Worst

It’s one thing to build a positive platform for when things are going well. However, it’s believed that up to one in four people could not withstand a single financial mishap. Being able to cope with the money side of health issues or unforeseen circumstances can change everything. Otherwise, one moment could turn your whole world upside down. The stress caused by those situations could be huge. For that reason alone, strategic planning is key.

 

#2. Wasted Overheads

Maintaining financial stability is tough enough at the best of times. Sadly, you’ll make things a lot harder if you fail to reduce waste. There’s nothing wrong with spending money, but you must seek the best deals where possible. Couponing can save a serious amount of money on groceries and weekly shopping. Meanwhile, price comparison sites can help reduce energy rates. Perhaps most importantly, though, you should cut cell phone packages to a more suitable level.

 

#3. Financial History

To build a positive financial future, you must first look to rectify the damage being caused by past mistakes. Click here to learn more about the impact of credit scores, along with how to improve yours. Enhancing this aspect of your financial situation will lead to better interest rates on future purchases or loans. Likewise, it’ll increase your chances of getting mortgages, car loans, and similar items. This one step will work wonders for your long-term repayment plans.

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#4. Entitlements

Juggling financial responsibility with parenthood isn’t easy. However, there’s a strong probability that you can gain support from local authorities and schemes. This is something many parents feel guilty about using, but this is the reason you’ve paid taxes. Even if you can survive without them, missing out would be foolish as those financial supplements can make all the difference. If it means providing your son or daughter with a better start, it’s well worth making an effort.

 

#5. Consider School Expenses

The harsh reality of life is that most average families don’t have the funds to enjoy all of the luxuries that they’d like to. Kids can be spiteful, though, so it’s imperative that you try to put their school needs first. Click here for cheap ideas for family breaks. Saving money here will allow you to send the kids on school trips and activities. This perfect combination will go a long way to keeping your children smiling without breaking the bank balance. Ultimately, that’s all any parent could ask for.