Financially speaking, do you know of anyone who isn't struggling right now? Or maybe they're holding their heads above water but it's because they've made drastic changes to their lives like downsizing from a house to an apartment, paring down to sharing one car, and on. And sadly, it sometimes seems like it's the little guys, you and me, who get hit the hardest. Maybe it's just because we're all stretched so thin that one small setback just knocks the whole house of cards down. Think about it, have you ever seen yourself finally in a decent situation, with bills covered and then a little extra cash in your pocket but then your car breaks down or your pet gets sick? Then you're right back to square one.
But no matter how bad things get there is business to take care of, and it doesn't pay to turn a blind eye to the following financial situations....
When you get behind on your bills the late fees and interest charges begin to swallow you into a deep dark hole. Sometimes you simply don't have the money to cover it but other times it's more of a matter of simplifying your life, tightening the belt and getting rid of unneeded expenditures. If you've done all that and find you still can't make it try speaking with your lending establishments directly because maybe they'll give you a break for a while as you get back on your feet. Also, even if you can't pay the entire monthly payment due, some companies will be happy to get whatever you've got so again, try to work out a deal.
It's a fact of life that Uncle Sam wants to get paid. Sticking your head in the sand and avoiding filing your income taxes can eventually result in one very big mess. Plus, you never know – you may find that the government actually owes you. If, when you file, you do in fact owe money and simply don't have the funds don't skip out on it. Contact the IRS and see if you can work something out to make payments.
Establishments offering “quick cash” opportunities are particularly busy during lean times, and many tend to prey on those struggling the hardest. Be very careful when thinking about selling things you love, or getting advances on your paycheck – these are not long-term solutions and the often exorbitant fees make them a less than sensible use of your limited funds.
Whenever possible, fight your way out of the lean times by being proactive. If that means cutting living expenses however you can and/or getting an extra job do what you can to keep making strides to get back on track. Try not to make your situation worse by curling up and trying to forget the world, it won't help you in the long run at all.
Written by Erin Nolan. Ready to speak out about paycheck loans? Look here: www.doomsdayloans.co.uk
I'm Louida from Atlanta, Georgia and I'm a mother of two daughters, blogger, and full time working mom at a Business Consulting Firm.
I love helping others learn how to start working from home on the internet free to supplement their current income.
I also blog at Productreviewmom.com
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