Tuesday, August 15, 2017

Doctor Doctor, Why Are You So Expensive?

costly treatment
Most people dread the day that they get injured seriously enough to go to the hospital. Of course, pain is a big driving factor in this, as no one wants to experience it at any level. It’s instinctual to avoid this sort of sensation. But, along with this, people also dread going to see the doctor because of the price. The average American spent around $10,000 (US) on health care, in 2012 alone, and this number has risen greatly since. But, why exactly are medical treatments so costly?

Before a medical treatment is able to be used on humans in normal conditions, it has to be developed and tested extensively to make sure that it performs the right role. There are many stages to this process, some of which can cost millions alone. This leads to a heavy cost in developing any type of medicine, and this price is usually passed on to hospitals. Without proper funding, these medical organisations have to then pass the costs down to their patients.

Of course, the financial side of medicine wouldn’t be an issue if profit wasn’t a factor in it all. But, unfortunately, most new medicines and treatments are developed and made by private companies, with funding from the government. This makes medicine into a product, instead of a public service, forcing people to pay for it. For example, the biggest pharma company in the world, Bayer, made over €4,110 million in 2015, mostly from selling their treatments to people who can’t live without them.

Like most troubling financial areas, there is a lot of work you can do to make sure you’re not subject to excessive fees when you need medical help. A lot of people will already be protected in one shape or form. But, it helps to make sure that you have the right level of protection for you, as well as some provisions for the future.

Protecting Yourself

One of the best tools you have to help you in the case of steep hospital bills is insurance. Recognising that people can’t afford to pay for their health, loads of companies have popped up over the years offering to cover the costs for you. In return, you will give them a monthly premium, contributing to the pool of cash they have for people that need it. Using a comparison site, you can find loads of great deals on this sort of cover. But, you might already be covered as a benefit from your employer.

Finally, a lot of people don’t have any sort of plan in place to help them in the case that they get injured by someone else. If this happens to you, for whatever reason, it isn’t fair that you should have to cover huge medical costs. Instead, the person responsible should have to pay for this, making sure that you get back on your feet as fast as you can. A company like Gruber Law can help you with this, giving you support in court and helping you to seek compensation. Along with this, though, you could also consider getting some legal insurance to handle this for you.

Hopefully, this post will inspire you to start preparing yourself for the harsh reality of medical bills and hospital payments. Not a lot of people can afford this sort of cost in their life. So, it makes sense to work hard against it. You have the time to protect yourself, and there’s no need to wait for a better time.

Monday, August 14, 2017

How to Deal with These Six Financial Emergencies

financial urgency
Throughout your life, there will be a whole host of financial emergencies that throw themselves before you. And the thing about most of the items on the following list is that you never know exactly when they are going to strike. All you can do is be as prepared as you can by diversifying your income stream, increasing your assets and putting money aside for any events that may befall you. It is a good idea to know what some of the most common financial emergencies are and this article will give you a fuller picture.

Job Loss

This is probably the one that you thought of first and there is no doubt that it can be an extremely stressful and difficult situation. A simple plan is to have at least three month’s salary saved so you know that you have a financial buffer in case the worst should happen. It is also a good idea to think about alternative revenue streams. This may be through freelance work (which is becoming increasingly prevalent) or making some extra cash through the sharing economy by renting out a spare room, selling you old possessions or some storage or driveway space.

Divorce 

No one wants to think about getting divorced but the people who are the least prepared for it are often the ones that are hardest hit. One course of action that more and more people are taking is forming a prenuptial agreement. And it should also be said that divorce should be seen as a last resort as it sometimes turns out to be a permanent solution to what may be only a temporary problem. 

Natural Disaster

Some areas are more likely to be hit by natural disasters than others and if your home is at risk, the first thing that you need to do is make sure you have the right insurance cover to deal with the situation. You should also think about where you would be able to stay if your permanent residence is suddenly not available. Taking preventative measures is also paramount, so you should make sure that you are well versed in fire safety to start off with.

Being Accused of a Crime

This is one that you may not have thought about before, but there is no doubt that it can end up being costly. For example, if you run a business then an unexpected lawsuit could seriously threaten your livelihood. And if you are accused of any crime, this may affect your current employment situation. It is worth knowing about an affordable criminal defense attorney as they will understand in greater detail what your next course of action should be. If you are accused of any crime, you should make sure that you act swiftly as it is a problem that won’t go away by itself and it is likely to become worse over time.

Bankruptcy

Bankruptcy isn’t just something that can affect big business owners – it is a risk that anyone who racks up debt on their credit cards takes. So, before planning for any of the other financial emergencies listed, you should first work to clear off your debts at these could end up causing the most damage. Of course, going into business is a risk, but you should make sure that you mitigate the risk by not getting in over your head.

Death of a Loved One

Of course, no one wants to think about any of the items on the list potentially happening to them but the death of a loved one is certainly the most traumatic. So, if you have people who rely on you financially, then life insurance is the first thing that you will want to look at so they are not left in an extremely difficult situation. And there are also other manners to take care of like wills, power of attorney etc. Simply making sure that all these affairs are in order can help to give you great peace of mind.

These six points represent the most common types of financial emergency that may strike you at some point during your life. Ultimately, it is all about being prepared for each individual situation so you are not left worrying after the event has already happened. Hopefully, this article has given you an overview of some of the basic steps you can take to prepare for each of these events individually, but also make sure that you have money set aside to take care of any of these things in general.

Sunday, August 13, 2017

The Hidden Costs Of A Fire In Business

costly business
Humans have understood the dangers that fire poses for a very long time. This primal force is essential to the way humans live, with it powering most of the items we use in our daily lives. Of course, though, it’s never good to have it where you don’t want it. Fire can wreak havoc on anyone, from young children to the biggest businesses, so it’s extremely important that you have your company fire safe. To inspire you, this post will be going through some of the hidden costs a fire can bring.

The Things You Lose

In most cases, fires inside buildings are a lot hotter than the ones you make for yourself outside. This makes it hard for fires to be controlled in these circumstances, often leaving a trail of destruction in its wake. Assets are on of the biggest things you stand to lose in a fire, costing a small fortune if you’re not insured correctly. Property insurance can be obtained for almost any type of business, so it’s worth making sure you are properly covered.

Physical items can always be replaced. But, if you lose the important data your business stores, you could have a harder time getting back on your feet. Unfortunately, servers and computers are very fragile machines. Fire will almost certainly destroy them, along with all of the data they have on them. Data recovery companies might be able to help if you don’t have a back up. But, in reality, there’s no excuse not to have your data stored elsewhere as well.

The People Who Get Hurt

When people get hurt at work or while visiting a business, and the injury is the fault of the business, people will usually be able to take the company to court. Looking for compensation for their injuries, they will fight you to make sure your business is branded as irresponsible and unsafe. To fight claims like this, you have to start working long before the fire. Installing fire extinguishers, sprinkler systems, and hydrants is a start. But, along with this, employees should also be trained in fire safety and a proper procedure in the event of a fire. This will show that you have done everything you can to avoid the fire, and could be enough to save you.

Most people won’t want to shop with a company that they don’t trust with their safety, and, unfortunately, most large fires end up in the news. If you have an incident like this, it can be very hard to recover customer confidence in your company. Along with this, if the fire was caused by lack of safety, your company could face huge fines and even be banned from trading. This sort of area is taken very seriously by governments and law enforcement. So, it makes sense that you take it seriously, too.

Hopefully, this post will inspire you to start working on the fire safety in and around your business. A lot of people don’t realise how important an area like this can be. But, it’s important to have fires controlled long before you ever experience one. Otherwise, the consequences could be dire.

Saturday, August 12, 2017

Money Matters: How To Stop Common Issues Creating Long-Term Financial Damage

big money damage
Nobody is immune from mistakes in this world, especially when money is involved. While financial health isn’t the most important thing in this life, it’s certainly high on the list. When you do encounter those troubles, though, the key is to stop them becoming major long-term problems.

Those issues can come from a whole host of sources and can occur to varying degrees. Nonetheless, finding a quick solution should always be the goal. Here are some of the most frequent problems, along with what you can do to ensure that they won’t haunt you for years.

#1. Needless Spending

Spending money is a natural part of modern life. However, wasting cash is a habit that will come back to cost you dearly. Even if it doesn’t feel like it right now, it only takes one change of circumstance to put stability in jeopardy. Ignore this at your peril. 

Everyone has different priorities and preferences. Therefore, it would be wrong to say which items do or don’t deserve your money. However, it’s safe to say that spending over the top for simple services like home insurance and gas rates is not good. Using price comparison on those items can have a telling impact.

On a similar note, shopping around for promotional deals and using coupons can cut your monthly expenses too. Apart from anything else, getting value for money will generate a smile. Those savings can be far better spent enjoying your life. If that doesn’t give you an incentive to tighten the purse strings in those areas, nothing will.

#2. Poor Investments

When done right, pumping capital into investments can open up doors to increased personal wealth. Unfortunately, this activity does come with risks. Whether you’re a new investor or an experienced one, minimizing those dangers should be top of the agenda. At the very least, you should take the necessary measures to ensure that any damage can be stopped before it snowballs into serious trouble.

The first step to achieving this goal is to choose investments where the potential loss is at its lowest. Stocks and shares could potentially lose all value overnight, which makes them a bad option. Real estate is a far more sustainable option. Not only because markets tend to follow an upward curve, but also because you’ll have a physical asset at your disposal. This gives you a chance to get out if things go wrong. 

If you’ve been given misleading information from financial advisors, you may be able to fight for compensation.

#3. Career Trouble

Careers are central to deciding financial prosperity. Sadly, many people accept their job for what it is, due to the worry of losing out altogether. In truth, not chasing your full potential could be one of the most damaging things you’ll ever do. 

Nothing in life is more important than your health. When an emergency arises, you won’t be thinking about the costs involved. When it wasn’t your fault, though, you shouldn’t be the one to suffer financially. Experts like Joye Law Firm specialize in helping victims fight for the justice they deserve. This puts people like you in a far stronger position when attempting to take on a perpetrator that won’t openly accept responsibility. 

A successful career isn’t dictated solely by the salary. Still, finding the best paying jobs and knowing that the company appreciates your worth is key for long-term happiness. Do not get it wrong. 

#4. Recklessness 

Financial status is something that is impacted throughout every stage of life. Therefore, failure to take responsibility today could harm your tomorrow too. It’s not all about the money in your bank account either. In truth, credit scores can be equally influential, which is why you must take them seriously. 

Many people ignore the importance of their credit histories for far too long. Unfortunately, a poor credit score could stop you getting a mortgage or borrowing on other assets. Reading advice from specialists at Consolidate Credit can point you in the right direction. Once you start making positive steps, the score should start to see positive impacts in next to no time. It might take a few years to get it back to great health, but all progress is good. 

We are all capable of making silly and simple mistakes. Leaving those issues untreated is easily the worst thing you could do, however. Learn to take action at the earliest stage possible, and the likelihood of suffering long-term damage will be severely reduced.

Friday, August 11, 2017

How to select best peer to peer international money transfer service

transferring money
In the past, if someone wanted to send money overseas, the bank was the only option available to that person. However, when transferring money through banks, hidden costs were often incurred. But in current times, people have better options available, such as Peer-to-peer lending. The basic idea of P2P money transfer is that money does not cross borders which removes bypassing fee. 

Suppose you live in America and have to transfer money to someone living in France. You will pay in dollars to the American account which is owned by the P2P organization, while the recipient will get paid from a French account of that P2P organization. The currency that the recipient will receive will be in Euros. 

CurrencyFair vs. TransferWise

TransferWise charges a commission fee of 0.5% for GBP. Transfers that are below £400 are charged with a £2 fee. Thus, it is a better option if the amount to be transferred is small.

CurrencyFair, on other hand, charges slightly higher fee. Along with a fixed fee, there is varying commission charged as well. Usually, the total average transfer fee is lower than TransferWise while making a larger transaction. Thus, it is a good option if your payments are not very small.

Both these services provide better rates than banks, because banks tend to burden people with not only transaction charges, but mid-market rates as well.

Comparing P2P money transfer services

By taking the below -mentionedfeatures under consideration, selection of a trustable peer-to-peer transfer provider will be easy

Exchange rates

Compare peer-to-peer transfer companies by observing which of them regularly updates exchange rates and provides the best offers. You should know what the average rate is that customers receive from that company and how they compare to market rates.

Fees

Find out if there will be any charges that you will have to pay in order to send your money overseas, because there can be fees charged on your transaction as well.

Time duration for transfer 

Before you choose a peer-to-per company, you should also find out how quickly the money will be received by your beneficiary when choosing the transfer company. 

Customer support

Does the company that you are choosing entertain customer queries? It is important to know whether you will be provided any assistance if you happen to face an issue.

Reputation

Finally, ascertain the worthiness of the company that you are selecting by reading online reviews like this icomparefx review. Check testimonials about that transfer provider to find out if the transfer of funds is safe and properly regulated.

Currencies tend to change suddenly, and your transfer will be paused automatically if the fluctuation results in a 3% change in the currency rate. This can cause excessive time delays. There are cases when a person has to wait a full week for the money transfer. However, regardless of this issue, P2P money transfers are still becoming widely famous because of the various benefits they have.

Thursday, August 10, 2017

Financially Secure Your Future: What You Could Consider

secure your money
We can all be a little guilty of taking things in our strides and just loving each day as it comes. With busy routines and hectic lifestyles, it’s understandable that we can get a little distracted with life, and not have much time to think and consider the future.

While it may be something we think about on a recreational basis, such as having a bucket list for destinations we would like to see or experiences we would like to have, it’s harder to consider the practical side and reality of what the future might hold. Whether we have enough money to finance a retirement, what age we could even consider leaving our working lives. It can often be a tough decision to process, which is why I thought I would share with you some of the ways any of us could financially secure our future.

Moving to another country

Moving to another country may sound counter productive for saving for your future, as it may cost you money to make the move in the first place. But, the move and the life you lead moving forward could be far more financially lucrative than you would have ever considered before. Becoming a resident in a different country could be a great way to secure financial future, and in places like India, being resident means obtain certain ID’s that can help you to obtain further things in the future. Check out websites like uidaiaadhaarcard.com for more information. Moving to another country means a job that could potentially pay you more than you were earning previously, which could help towards savings in the future or even different investments.

Changing your career for better prospects and earnings

If you are serious about your future, then your current job or career may not be offering the financial prospects you want or deserve, so why not consider changing your job or your career to secure your finances in the future? Often changing the direction in which you work can open up different opportunities for your finances. It might help to improve your disposable income, which again could be sued towards savings and investments in the future such as property or stocks and shares. Websites like thebalance.com has more information on how to make the decision regarding your career. 

Investing in property

Property is one of the biggest and most profitable ways you can secure your financial future. There are a few different ways you can do it that can help to secure financial future. First up is owning the property that you currently live in. After a long time of ownership, the price of the house or flat could have improved significantly, giving you equity that you can enjoy in your retirement. You might want to make some money sooner rather than later, and property could help you do that. By buying a renovation project and selling once completed or buying a property to rent out for a residual monthly income could be a great way to improve your finances in the future. Property is one of the easiest ways and something that you may already be involved in right now, so it is definitely worth considering.

Running your own business

Many people consider being their own boss from time to time, and running your own business s one of the best ways to do it. Having entrepreneurial tendencies can help to improve your financial future as time goes on. You may want to grow your business, employ people, and then perhaps even selling or enabling investors to invest further into your business. It could start as a hobby, be something you can make or produce, or even just working for yourself getting paid more than you would being employed. All of which can help you to improve your finances in the future. 

Saving little and often for your future

Finally, saving little and often can be an easy and cost effective way to save for your future. Saving money that you may not necessarily miss each week can seriously add up in the months and years to come. Other people consider rounding off their bank balance each night, by saving the money separately. Or you can choose to set up a standing order each week or month for an amount you are comfortable saving each month. The small amounts can go a long way by the time you need them.

I hope this has inspired you to think about your future and what you could potentially save for your financial situation. Often thinking about it sooner can mean you are better off financially in your later years in life.

Wednesday, August 9, 2017

Investments: How To Work Out If They’re Right For You

investing into right place
When it comes to earning money, it may be tempting to think that you only have one option. Your job may be your primary source of income, but it doesn’t have to be the only one. When it comes to diversifying your income, it can often be a smart step to take. When you have money coming in from a range of different avenues, you can feel more secure. However, when you’re new to the idea of investments, you may not always know where to start. So read on for some simple tips on how to discover if an investment is right for you.

Do Some Research

The first thing that you’re going to need to do is research. Not only does this mean you may want to research the investment market and how it works in general so that you get a good feel for things, but also any specific opportunities that you’re interested in or have been offered. When you start to dig around a bit and get to know your options in a little more detail, you’ll find it easier to work out if it seems a good fit for you.

Speak To A Specialist

If you’re really unsure of where to start, what to do, or what kind of call to make on a particular investment opportunity, seek advice. If you’re able to choose a financial advisor that you can trust, it will feel all the more easier. When you’re new to investing, or if you have little time to spend on the matters, working with a financial professional can help you to make sure that any investments you make are worthwhile.

Read The Small Print

It’s also important that you read the small print that coincides with any form of investment that you’re considering making. In business, if you’re asking yourself how the dividend tax affects me, then you’re going to need to get more information before you plunge into investing in a company. With bonds, you need to make sure that you know what terms you’re agreeing to before you jump in and find yourself caught out.

Start Small

One way to find out how an investment is going to pan out is to start off with something small where you can. If you’re new to investing altogether, then you may want to go with a small investment first, such as a no-risk bond, then work your way up. If you are investing in stocks, you may want to test the water first by buying a small amount, and then going for more if you feel like your investment is going to pay off.

Go With Your Gut

Above all else, you need to go with your gut instinct. A lot of the time, we can feel in ourselves if something is right or if it seems completely wrong for us. If your mind or body is telling you no, then don’t do it. If ever you’re worried that it's too much of a risk, don’t take it.

Tuesday, August 8, 2017

Freedom Financial Has Advice for Debtors with Medical Bills

finance free
When life-saving decisions must be made quickly in the face of an emergency, the long-term financial implications of those actions are far from your mind. Add to that the lack of transparency in medical costs, and you could be slapped with medical bills that you’re unable to pay.

But the financial pain goes beyond the initial bill. Unpaid medical debt or late payments on medical debt could go to collections and affect your credit report. At Freedom Financial, we’ve worked with many debtors who didn’t know how medical debt would affect their credit and, more importantly, how they could deal with those effects. 

While the high cost of medical services, especially emergencies, is difficult to avoid, you could reduce the effect that medical debt has on your credit by being aware of how creditors treat medical bills. We’ll go over the process so you might spend more time getting healthy, and less time under the mountain of debt.

How Unpaid Medical Debt Affects Your Credit Score

The severity of a medical debt’s effect on your credit score may vary depending on several factors. First, it depends on whether your medical service provider (i.e. doctor, surgeon, dentist, etc.) reports your unpaid bill or late payment to one of the major credit bureaus.

Small medical offices are less likely than large hospitals to report the debt, but either one could technically report the late or unpaid debt. However, any time a hospital or medical office contracts with a collection agency, your unpaid or late debt will be reported and it will affect your credit score.

Because payment history makes up 35% of your credit score, a missed payment looks very bad on your credit history. With poor credit, lenders and credit card companies will either deny your applications or charge you a higher rate of interest.

New Credit Scoring System is Good News (and Bad) for Medical Debtors

FICO is the most popular credit scoring system among lenders in the United States. And FICO has recently changed its scoring models to be more lenient on unpaid medical bills. But it’s not all good news.

The old scoring models that FICO used didn’t distinguish between unpaid medical bills and unpaid debt incurred from irresponsible spending. This means someone who experienced a medical hardship and couldn’t pay their bills was treated the same (in terms of credit score) as someone who didn’t pay their bills for an extravagant vacation. 

Now the bad news. Many lenders aren’t using the new system. And, according to Kevin Gallegos, Vice President of Freedom Financial Network, if you use a credit card to pay medical bills, you’ll lose the protection of FICO’s new system.

Gallegos of Freedom Financial goes on to say that, “If you had a medical bill that was 2 months late and went to collections and you paid it, the bill would still count as unpaid in your credit score.” But now, Gallegos says, “the score will treat paid bills as paid bills.”

Negotiate or Wait (Seven Years)

A collection event will stay on your credit report for a maximum of seven years. If you’re able to live with a penalized credit score for seven years, it may be worth it to wait for your credit score to improve.

If you’re unable to make it by with poor credit, it may benefit you to work with the collection agency. They’ve usually purchased the debt for a fraction of the actual value of the debt. You may be able to work with them, or get a company like Freedom Financial to do so on your behalf.

In some cases, consumers could avoid the collection being reported to their credit score by negotiating a debt repayment plan. The collection agency understands that once the debt is reported, you have much less of an incentive to pay off your debt. So you may be able to avoid a significant hit to your credit score if you can negotiate a settlement.

Additionally, if you have several unpaid bills—some old, some newer—you’re better off paying the most recent ones first. That might seem counterintuitive, but credit reports weigh recent collections more severely than old collections.

Contest the Debt and Act Fast

If you’ve been notified about an unpaid medical debt, report to the credit bureaus to ensure everything is accurate. The collection agency will receive a request for information from the credit bureaus, and if they don’t respond within 30 days, your unpaid account will be taken off your credit history.

The best thing you can do, in any case, is to act fast. Especially when you first receive a medical bill that you can’t pay. Call your doctor’s office or hospital and tell them your situation.

Facing down collections and unpaid debt can be intimidating, but there are often things you can do. Do your research, but don’t be afraid to ask for help. Address problems early and try to find leeway before things get out of control.

Monday, August 7, 2017

What You Need To Know About Debts

debt informations
Debts are becoming more and more an undisputed part of life in the growing economic climate. Whether you’re a student, trying to make your way through life as an independent adult, or a long-time loaner yourself, debts can always end up smacking us in the face! Here are a few tips to preparing for and combating debt if it comes around. 

How Good Is It To Make A Debt Management Plan?

When it comes to paying off credit, there’s some things that are priority and some things that aren’t. Debt management plans (DMPs) are concerned with disputing between these two subsets, and making an agreement over the payment of any non-priority debts. One of the main benefits of using a debt management plan is that it isn’t considered legally binding and can be dropped or renegotiated whenever needed. If you’re already secure in your priority payoffs, such as rent or mortgages, but having trouble elsewhere, then a debt management plan would be good for you to handle any miscellaneous payments. The first stipulation of DMP is that you’ll have a minimum payment you’ll have to make which is established by the amount of debt you have. It’ll allow you to make a single month low payment to a creditor which is all determined by what you can afford. However, this can make debts last longer due to the low payment amounts, with some people still in debt after years of trying to pay them off at a lower rate.

What Do You Do When It Comes To Charge Offs?

A lot of people fear charge offs due to the immense damaging effect they can have on a credit report. Similarly, charge offs can be confusing things. However, once you understand the process of how to remove a charge off, then you’ll be ready to handle any following debt payoffs. Charge offs will traditionally be declared at a 6 month mark without payment, so there’s time in between a creditor issuing a charge off for you to find some way to pay it back.

How To Handle Debt Collection

This is especially important to know to make sure you can’t be intimidated or bullied into giving over assets you can keep for yourself. It’s against the law for a debt collector to hurt or threaten when collecting assets, but this doesn’t always stop it from happening. Always keep a record of what you owe and to whom it is owed. This is good practice and allows your to track you progress in repayment, but on a personal level this can help lower the fear you feel when debt collectors come knocking. Similarly, get everything a debt collector demands in writing so you know exactly what they’re coming for. 

Debts can be scary and often take us for all we have, but if we know some essential preparation measures, or what to do when the time comes for a debt to be collected, we can better handle how they affect our lives.

Sunday, August 6, 2017

Low Income Is Better Than No Income: Here's Why

low earn money
Living in a society that suffers from severe unemployment levels is hard. There are jobs on the market, but for every job that is out there, there is over one hundred applicants clamouring for a chance. Due to the pool of candidates being so large, employers now have the ability to be picky about the people that they hire and take their time whilst they do it. Most people now feel lucky to be working in a low-income position, rather than be a position of no income and sometimes that can feel like a slap in the face, especially if you are a skilled and educated person.

There is a hierarchy in the working world, that sees those on the top of the career ladder in a better financial position and with better job security than someone on the bottom of the career ladder. Those on the bottom are often expendable for a company, so when there is hardship in the industry, the last hired are often the first to go. However, when you are unemployed and desperately searching for work, you don’t often look at the top of the ladder, you just feel grateful for anything that comes your way. Dealing with job loss and unemployment, especially during market and industry crashes, is difficult. It doesn’t just have an impact on your mental well being, but on your ability to see what’s in front of you. Losing your job can feel like you are on a downward slide and have suddenly got a time limit on finding another one before the next round of utilities or mortgage is due. The pressure of searching for a job in a market saturated by other desperate people in the same boat can feel demeaning and quite sad.

There are myths out there that certain industries are safe from redundancy and heavy job loss, but that isn’t true. Currently the world of healthcare is precarious, with the lack of funding shutting down crucial services, meaning that jobs on the bottom line are being lost and whole services are being cut. These types of cuts can be read about in more detail here, and you should be familiar with these already as they are happening industry-wide. These cuts, especially in healthcare settings, have meant that people are moving into private healthcare instead of public, as there is more funding in private healthcare. It is also becoming more popular to use medical recruitment agencies to find work, as the salaries are often slightly better than directly applying for work with the healthcare setting you want to work in. Jobs include nursing, surgical staff jobs and theatre jobs. You can apply for such jobs via https://www.staffnurse.com/jrp-theatre-support-worker along with other recruitment sites. Understanding where to look for work when you are out of a job is important, and knowing that there are recruitment agencies suited to your own industry is key.

Hitting a period of unemployment hits more workers than you could possibly imagine, it’s just not something most people speak about. It can feel shameful, to lose a job and it’s this shame that makes people conceal their panic, especially if the role they were in was fairly high up the food chain. The idea of starting again from the beginning in a different company or even a different industry can be terrifying and make you feel like you haven’t achieved anything. However, don’t be defeated! It’s not a bad thing, to want to be recognised for the skills that you have, but there are many reasons you should be thankful for the chance to start again, and it’s not just about having ANY income. We’ve put together some of the reasons that starting again on a lower salary can be a positive thing, so that while you’re looking for work, you can feel bolstered and fired up to do well.

New Skills. One of the biggest pluses of starting again in a job lower in salary and different to what you are used to is the fact you learn skills that can be different from what you knew before. If you worked in a large hospital setting and then you lose your job, you could find yourself in a smaller, more private setting and this can give you the chance for more one-on-one working. The skills you can learn directly from a mentor can be invaluable and different from what you knew before.

Paying Bills. Of course, the biggest draw for an income – whether lower than you are used to or not – is paying the bills. The stress that comes with not being able to pay your rent or your household grocery bill can take a huge toll on your mental health. Having an income can mean a lot less stress and a feeling of relief.

Benefits. When you lose your job, you also lose your healthcare and pension benefits that come with it. If you don’t pay for insurance outside of your work healthcare plan, you are left open for injury and no way to cover yourself. This type of stress is hard to cope with and makes you more likely to need a doctor! A new job means a restoration of health care benefits and retirement funds.

Security. Job hunting is a difficult task. You have to sift through hundreds of job adverts and while you may take a role that is less in terms of the income you are used to, you can hold onto job and income security while you try and get back into a position of the same level that you lost. A job – regardless of the level – offers you security while you try to find other work.

Resume. Everyone knows how difficult it can be to explain unemployment gaps on a resume in a job interview. Taking any job available to help you avoid gaps in your employment can be easily explained in a job interview. Employers are a lot more understanding about gaps in work than they used to be due to the understanding of the industry being more difficult.

Savings. While you’ve been off work, you may have been living off your savings as well as unemployment benefits. These benefits are not permanent, and neither are your savings. Depleting your savings fund can add to your stress, as this money wouldn’t have been put aside for bills and mortgage payments while you are unemployed.

Turning down income in a time where an income is hard to come by is not a smart decision. Many articles such as these will tell you to hold out and wait for the job you want rather than plucking anything off the shelf. However, the pros of taking any job that is offered far outweigh the need for you to wait around for work to come your way. It may never come your way and you would have waited around for nothing! Taking a job as a means to survive may be a temporary fix, but you could also end up finding a new career out of it. You may enjoy working in your industry, but what if you discover that you love something else? That right there is why a low-income position can be better than nothing at all.

If you are in a position right now where you are taking your job for granted, it’s time to start appreciating what you have, and hope that you never end up in a position where you are panicking about putting food on the table. Luck comes in many forms, and the ability to have a steady career in this economy is lucky!

Saturday, August 5, 2017

How To Deal With Debt When It Gets Too Much

debt dealing
No one can escape debt unless they are a millionaire, so it’s an eventuality we all have to prepare for! Levels of debt vary from person to person, but what we’re talking about is when you find yourself in serious trouble and you owe a lot of money to a lot of companies! What do you do? Well look no further as we cover the best ways to handle your debt situation.

Debt Consolidation Loans

One of the most annoying things, and often the causes, of big debt is that it comes from loads of different places. You have separate companies for your gas, electric, water, phone and car bills, the list goes on! This means that it can be difficult to keep on top of your money when you owe a lot of it because it all leaks out from different places. A debt consolidation loan pays off all of your existing debt and then puts everything you owe into one loan payment per month. This will often be a fixed amount meaning that you don’t have to worry about it fluctuating! By sticking all of your owed money into one payment you can more easily plan for the rest of your month by knowing exactly how much is coming in and going out.

Elongate The Payment Time

This can be a very effective way of making your debt more manageable. Get in touch with those companies you owe money to and ask them if you can have a longer repayment time, but what exactly does this mean for you? Well, it means that per month you will be paying less towards your debt because you have a longer time to pay it so your bills will go down, giving you time to save money and get back on your feet! Do be aware though that businesses only allow this because they put up the interest rate, therefore getting more money out of you as this is the only thing they can do to make it viable for them.

Declare Bankruptcy

This is a more extreme option, but you need every avenue covered. Declaring bankruptcy means that you are free from all debts that you owe, however this means that all of your money is taken away from you and some of your assets too. Sometimes companies can sue you out of your house and belongings which is not what anyone wants, so before you do this it’s good to hire a columbus bankruptcy lawyer (of course this depends on where you live!) to fight your case so you’re well protected if you decide to do this.

Doing any of these things is definitely going to make your life easier when it comes to sorting out your debt! If you do ask for a longer payback time then you’ll find everything much more manageable, but so will you with a debt consolidation loan so the choice is yours! To make your life easier you can also cut down on other things like your car, so if you’re looking to cut down on your car bills then read this to help you along.

Friday, August 4, 2017

Will Payments Bank Ecosystem Disrupt Banking Industry?

finance banking system
A Payment bank can maintain both a current and a savings account which includes issuing of banking instruments like ATM or debit cards, net banking & mobile banking. Currently, payment banks are restricted from offering loans or credit cards & investments in government securities. Deposits from NRIs are also not allowed at the moment. 

India is warming up to this new digital banking ecosystem called as “Payments Bank”. This is the brainchild of the RBI (Reserve Bank of India) that allows institutions that operate such banks to accept and restrict deposits beyond Rs. 1 Lakh with interest on the money being deposited by the customer using a mobile device.

Perhaps the biggest driving factor for payment banks is that they offer banking at your convenience. You can use your payments bank account from your home or elsewhere without visiting physical a bank whereas traditional banking is still heavily relies on you to visit a physical bank for most things. While the traditional banking system requires you to maintain a minimum of Rs 1000 as monthly balance, payment banks offer a Zero Balance Account where no minimum balance is required for operating such accounts. 

Security on such platforms is of uttermost importance and hence many payments banks employ many security layers & are considered safe for the most part. One of the key advantages of such accounts is that they are more consumer centric in many ways - you can simply use your mobile number as your account number. You also get to avail several offers at your disposal such as cash back and discounts once you register for such an account.

The Rate of interest on a payments bank account is way more than these traditional bank accounts, where the highest rate of interest being provided is up to 7.25 %.They arealso known for their easy KYC norms and minimal fees so open a payments bank account to compliment your savings account today!

Thursday, August 3, 2017

How Much Do Day Traders Make

traders stories
Day trading can be the best way to escape the rat race and get out of your cubicle day job. But in order to replace that salary, you really need to understand how much traders make. Can you make enough money to live? How risky is it?

When you want to understand how much day traders actually make, it helps to have the correct context. Day trading can be a sideline for some people, a way to create some extra income each day by trading for a few hours at a time. Or it can be a real career for those that want to take the risk and put in the time and effort. 

Well, day trading can be risky for certain people. More than 90% of day traders lose money. But those traders are usually the ones that think they can go out into the stock market and wing it, with no training and no education. That is not the case.

It takes time to learn how to use informative interactive brokers and find the stocks that are poised to blow up and make big moves. It takes effort and education to implement the strategies that allow day traders to make real profits on these hot stocks. 

Day traders that take the time to learn these strategies can make money. Sometimes they can grind out pedestrian salaries of $50,000 or $75,000 per year. But other traders can make six figures. That takes time to get to that level. It takes emotionless trading and risk management instincts and techniques that are time consuming to learn. 

It can be done. You just need to have the drive and willingness to study and practice. Profitable traders don’t make huge bets and win giants sums each day. What they really do is search everyday for the 5-10% winners and rack them up, while also minimizing losing trades.

You need to have a set of rules that stay the same for each trade. You need to decide your loss limit and profit target before you pull the trigger on a trade. And you to need to stick to those rules. On every single trade. That is how you come out profitable over the long term. Risk management is such an important part of being a profitable day trader. And so is record keeping. You need to know how you did each day so that you can keep track of all your trades and stay in the black. 

So is day trading the right path for you? Try out Warrior Trading’s free day trading chat room and see for yourself.

For more information on how to find stocks to trade, check out Warrior Trading on StockTwits.

Wednesday, August 2, 2017

Keeping On Top Of Your Finances When Unable To Work

finance hacks
There is nothing worse than being forcefully retired from work, albeit temporarily. Not only do you have to deal with the physical, mental or emotional malady that stops you from earning money, but you also have to worry about the financial dread that creeps in when your savings run dry and you need to reassess exactly how to keep a relatively good income coming in.

However, fear not, for multiple support networks, and safety nets will be there for you to help you recuperate without having to worry about this to a dizzying degree. Instead, you might choose to try the best ways to see yourself through this period while you heal and become competent enough to work again.

Welfare

Welfare isn’t a dirty word; it exists in order to help see you through moments like. Depending on the nature of your injury or malady, you might find that you are eligible for some form of disability payment, which will be a weekly allowance that allows you to live within your means and provide yourself with the essentials that any person needs in order to feel relatively comfortable. It’s likely that if you’ve held a job until now your taxes have gone to pay into the welfare system, so it’s only right that in your genuine hour of need you attempt to use some of that money you’ve paid in to see you through.

You may have to prove your entire claim, including verification from your employer or doctor. Until the time comes when you can fend for yourself again, this can be a great option. Note that if you have a large amount of savings, or expect money to be coming from elsewhere, you may not be approved for disability welfare. The system exists to help those who would otherwise be destitute without it, so use your common sense and discretion to ascertain if you actually need it. Welfare should never be applied for to juice up a weekly savings budget, and if you do, you can be sure that you’ll be found out and reprimanded accordingly. 

Savings

If you have savings, now is the time to use them. It’s unfortunate to use this financial blanket when you’ve otherwise been saving for a car, a holiday or a new apartment, but you must take your immediate health requirements over and above any other consideration that you need to make. If you have unused assets that are laying around, now might be a good time to sell them if you need more savings to maintain a certain lifestyle you’re used to. As with all points on this list, you’ll know what’s best and how to proceed in your particular situation.

Litigation

If you’ve been the victim of a workplace accident that wasn’t your fault, then you may be entitled to some form of compensation. This is one of the best avenues to pursue if you have been supplied with inadequate safety gear, or have been expected to overstep the boundaries of your contractual job role. Some dangerous jobs will make you sign waivers that state you understand the dangers and risks of the job before you complete it, and if you have signed one of these, you may or may not be entitled to the money you think you’re owed. However, for the large majority of workplace accidents, you will be able to find some form of encouraged litigant action to take, especially if the accident has left you impeded, preventing you from living as you did before. It is always best to consult with a personal injury attorney, arming yourself with the knowledge and skills necessary to overcome any legal obstacle, or simply get advised if your case is worth taking on in the first place.

Shrewd Budgeting

Unfortunately, being injured or involved in some form of difficulty that impedes general life enjoyment means that you’ll have to scale back your lifestyle in more ways than one. Making healing a top priority is largely your most important aim. Luckily, the upside of this is that you can save much more money than you would in your general weekend partying, eating out habits. Make a list of your priority payments, your luxury payments, and try and scale back on those frivolous spending activities. The money saved can help you keep on top of important, non-negotiable payments such as the finance on your car, or your mobile phone bill. Being relatively incapacitated is a good time to exercise fiscal caution, and you can come out the other side (when healed) more shrewd and exacting about just where your finances flow.

Use these tips for a better and healthier approach to your finances when unable to work in whatever capacity. If this applies to you, we wish you the best of luck with your recovery.

Tuesday, August 1, 2017

6 Traveling Hacks That Still Save You Money

money saving travel
Traveling can be fun, enlightening, and at times, expensive. Traveling can really hurt your pockets, especially when made without proper planning.

Your limited budget should never be a reason not to enjoy your vacation.

Today we prepared six easy hacks when traveling (while still actually saving money!) that you can incorporate in your next budget travel.

1. It Pays To Plan Ahead

Set a travel budget before you leave, and swear that you follow it.

You can make an estimate of all costs associated with your travel, including those unexpected ones.

Book your hotel room months early. This way, you can set your travel budget more accurately. 

If you wish to save more money, get yourself familiar with the public transportation in the area and how much it costs.

Do not set aside a large chunk of money for souvenirs.

Your friends and family will appreciate funny stories better than unoriginal, mass-produced bracelets.

2. When Booking Flights or Hotels, Use Your Points Instead Of Your Money

Using your credit card miles and points is the best and cheapest way to book your flights and hotels.

If you have a Jet Blue credit card, you can choose to redeem your accumulated miles and points to saveyou hundreds of dollars.

Watch out for flights leaving on Tuesdays, Wednesdays, and Saturdays as these are the cheapest days to fly. 

3. Be Your Own Tour Guide

Most people tend to pay for guided tours as this is the easiest way to explore a city.

Guided tours do not usually come cheap, and they do not give you enough time to explore on your own as you should always stick with your group.

We have listed some free apps below that replace those expensive tour guides in case you enjoy wandering off alone:

- Detour – This is not your typical audio tour as the app can pinpoint your exact location and give you an overview of a destination, complete with interviews.

- Filed Trip by Google– This app by Google will run in the background and give you helpful information about several spots in the world through popup notifications. 

- Cities Talking – This app will prove to be really helpful for tourists because it provides its users some audio tours of major cities in Europe like London, Berlin, and Paris.

4. Live Like A Local

To live like a local is to save tons of money. 

Not only that, it is also meant for you to experience the real country.

There is absolutely nothing wrong with staying in five-star hotels, if you have the money for it.

But if you are strapped on cash, you may try Couchsurfing, or better yet, make friends with the locals who are friendly enough to offer you their sofa.

Forget about fancy restaurants and just eat at a simple shack where locals go to for lunch.

Order whatever delicacy is written on their menu, or get whatever food the place is exactly known for.

5. Get Yourself Walking

Traveling is walking. Period.

No matter who you are or where you are, you will always get to your destination cooler and cheaper if you simply walk.

Walking provides you with a lot of perks—seeing beautiful street arts, learning hidden streets and alleyways, and meeting interesting people along the way.

Walking is also a good exercise.

Did we mention walking is also free?

6. Keep Your School ID Handy (If you’re a student, of course)

You have no idea how your being a student means discounts and perks all around the world. 

Get yourself an ISIC, or International Student Identity Card.

In some countries, this card will get you lower rates in cinemas, public transport, restaurants, and even museums.

Other countries even offer discounts to students who are traveling abroad if they wish to visit Going back to our previous hack, it is important to always stick to your budget. 

Properly managing your travel budget will give you extra money for other things that you wish to buy or see during your trip.

Once you get the hang of traveling on a budget, you will soon realize that this way of traveling is the best way to go.

It allows you to open yourself up to new things and experiences, and you cannot put a price tag on them.

Do you wish to travel more? Then save more and spend your money more wisely.

Which of these travel hacks appeal to you the most?

Let us know what you think by leaving a comment in the box below.

Kristoffer Canimo is a Manila-based writer who strictly needs a coffee fix before accomplishing anything. When he's not writing stuff or finding ways to earn money online. He loves Raymond Carver.