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Unfortunately, when you get sick or injured, getting better is often not the only concern. Even if you have health insurance, hefty medical bills can hang over your head like an ominous rain cloud. Many people feel that they have no choice but to ignore the bills or eventually file for bankruptcy. However, these are not the only options. There are many ways you can make paying your medical bills more manageable.
A number of unexpected expenses could cause you unnecessary financial strain if you don’t have emergency savings. Here are five great reasons to start an emergency fund today.
It is a question that few want to hear: “Will you co-sign for me?” Typically coming from relatives or friends with no or low credit scores, it can be a difficult request to respond to. Most people do not want to ignore a family member or friend in need, but co-signing comes with risks that make many justifiably nervous to sign on the dotted line. So, should you do it? There are many factors
What would you do with $300 billion dollars?
American businesses might want to ask themselves the same question. That astounding figure is the amount that businesses lose every year because of their employees’ stress levels, according to the World Health Organization, and money is a primary source of that stress.
More than three out of four Americans (76%) cite money and work as their major sources of stress, according to a 2013 report by the American Psychological Association and American Institute of Stress.
Does saving money seem impossible? You’re not alone. Reportedly, more than half of Americans have less than $1,000 to their name.
While it’s hard to imagine keeping extra cash when you live paycheck-to-paycheck, there is hope. If you take a big-picture view of your spending habits, you’ll be surprised at the savings opportunities you might find.
Here are three reasons that may be preventing you from building a stronger financial future:
If you were to experience an emergency, tragedy, illness, or even untimely death, would your loved ones have access to critical contact information and documents they would need to respond appropriately and carry on your affairs?
Come to a seminar or register for a webinar for up-to-date information on hot financial topics. Taught by an expert from Hanscom FCU, these presentations pack a lot into 45 minutes.
Some people are intimidated by investing. Hearing terms like “IPO,” “price/earnings ratio” and “margin” may make you think that it’s all too complicated and you’d be better off just stuffing cash under your mattress.