On Christmas Spirit!

The most wonderful time of the year is here! For sure everybody is getting excited and preparing for this time.

Yet, I dont feel like Christmas is just around the corner. With lots of curveballs have been thrown at my end in the past few weeks the spirit I felt just vanished. It is not surprising, considering the problems I have to go through. However I am certain that I will overcome all the problem that comes my way in God’s perfect time. With this, I will surely feel the Christmas spirit and will start putting decoration to make our home look Christmas-ey.

In fact I already check our tree yesterday. I am disappointed because one of my Christmas light was ruined by our housemates (rats), I just used it once . Hopefully my cousin can fix it because I dont have extra money for it. Hence Lola passed away just recently, I opt not to use the red decoration I used last year. I am planning to buy violet decorations if my pocket permits me to do so.

Quick Solutions To Deal With The Worst Financial Issues

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We are all going to run into financial difficulties at one point or another. It would be nice to think that we will go our whole lives without any financial issues, but unfortunately, that’s not realistic. The likelihood is that you will face experiences that put pressure on your finances. For instance, at some point, you might find yourself redundant. In this type of situation, it is easy for your spending to reach levels that are too high for your bank account to handle. It is important that you know how to deal with situations like this so that you are prepared when or if they arise. Since we have already mentioned it, let’s think about the issue of redundancy.

Lost Your Job?

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Losing your job is going to take a huge toll on your finances. Even if you received a severance package, unless you’re Billy Bush, it’s only going to last a few months. Employers suggest that the average time it takes an employee to find a new job is six months. In the current economic climate, it could be double that. So, you can’t rely on your severance package to help you get by if you even have one. Don’t forget, if you are working without a contract, you won’t get that. The best way to handle a period of redundancy is to plan for it. Make sure you have enough in savings to get by, even for a long period of unemployment. You can make sure your savings last for as long as possible by cutting your spending right down. Make sure that you are limiting your home bills as much as possible, cutting out any expenses that you don’t need.

Borrowed A Bad Loan?

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Borrowing a bad loan is a surefire way to end up in a financially turbulent situation. A bad loan will put you in a debt trap. Due to high levels of interest, you won’t be able to pay it off on time. As such, you might need to borrow more to pay off the first loan. As you do this, the money keeps building and building. To avoid this possibility, you should use businesses like Loan Rate Comparison. With a resource like this, you can find the best loan available on the market. You will also be able to make sure that you are taking on rates you can handle.

It should be noted that you could get in the same type of situation with any type of loan. Don’t forget, a mortgage is just another type of loan. If you fall behind on payment, you can lose more than your capital. You could lose the house where you’re living.

Overspending?

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Finally, most people end up with money troubles for one simple reason, they overspend. It is essential that no matter what your financial situation you are living on a budget. You need to do everything possible to ensure that you have money, even when times are tight. Living on a budget will help you save more and handle your finances effectively.

 Keeping Your Family Finances In Order

One of the most important aspects of looking after your family is keeping the financial side of things in order. All parents know how difficult this can be, particularly in today’s world. In our modern cultures, there can be so much pressure to spend your hard-earned cash on frivolities and trivialities. Resisting these sometimes powerful urges can, on occasion, cause overwhelming tension in a family. But the good parent knows that keeping something aside for a rainy day is much more important than having all the latest gadgets and toys. However, it is no use starving yourself or your family either. The fact is, treading this fine line can be rather difficult – even for the most seasoned parents out there. In today’s world, keeping aside enough money for the future has become something of a revolutionary act. This is particularly the case for those who have entire families to look after.
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If you are starting to wonder about how to make your family’s finances go further, you are by no means alone. This is something which we all struggle with from time to time. However, the good news is that it is perfectly plausible to achieve such aims. If you want to make 2016 the year you get your family finances in order, then read on for some essential pieces of advice.

Budget

The first thing to bear in mind is that you should work on getting your present financial situation sorted first. This might sound too obvious to mention, but it is a sad fact that many people get too ahead of themselves when it comes to finances. It is no use dreaming of all the money you will save in the future if you don’t put yourself in a good position now. As long as you work on putting yourself in a good position now, you can start to get to the point where you want to be. Otherwise, it might not happen at all. This is why it is so important to budget yourself, and your family, from the get-go. Having a budget saves you from the disaster of not having enough for the month. If such disaster does occur, however, payday loans like this might be helpful: https://personalmoneystore.com.
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Many people balk at the idea of having a budget, but it is not as bad as it might at first seem. A budget is no more than a simple promise to yourself. As long as you stick to your budget, you will likely retain the faith in yourself necessary to carry on. The important thing, to start with, is getting your budget right in the first place. To achieve this, real diligence and honesty with yourself is necessary. Look at your expenditures for an average month and ask yourself what could be cut out entirely – and then stick to your guns. Also consider how you might reduce the essentials. Are there cheaper mobile phone tariffs available? Are you with the best energy provider? What about car insurance? All of these add up and make a significant difference.

Once you know how much you have to spend, it is time to work out your budget. The trick here is to be neither too liberal nor too conservative. You are looking not to spend too much, of course. But if you are too strict with yourself, you might end up experiencing some difficulty anyway as a result of the stress. Once you have budgeted yourself, and you are confident you will stick to it, you can start thinking about putting a little something aside. There are many useful budget planners available, such as http://www.vertex42.com/ExcelTemplates/family-budget-planner.html
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Save

As long as you have budgeted yourself properly, you should be able to comfortably put aside a little something each month. How much exactly depends on you and your personal circumstances – nobody else can tell you. However, the fact remains that saving money for a rainy day is a fine idea indeed. Everybody could benefit from such sensible behaviour, not in the least those who have families to look after. So what are the best ways to save some money?

It is a wise idea to shop around for a decent savings account before you put anything away. Savings account vary wildly, and you want to ensure that you are getting the best deal possible. Otherwise, you will just be wasting money you could be saving more effectively. The truth is, the decision here depends hugely on your personal situation. If you just want a pot to put your money in, and you don’t want to touch it, then consider an ISA. These are tax-free, and they tend to have the best interest rates of any account available. Otherwise, you might just need to set up a savings account with your current account provider. The benefit here will be that you can easily transfer the money at no cost to yourself.

Also bear in mind that banks are not your only option. It might sound funny, but you should not underestimate the power of a simple piggy bank. Putting a little something aside every month in this way can be deceptively effective. You might find that, after a year or so, you have enough saved up to treat you and the family to a summer holiday. There are few feelings greater than a holiday you didn’t know you would be able to afford.
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Disclaimer: The idea written in this guest post is solely by the author not mine