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Personal Finance Tips For Disabled People

People who live with disabilities struggle with carrying out daily tasks and they often need a lot of patience, energy and a positive attitude just go get through the day. Consequently, a significant number of disabled people deal with their present problems while ignoring their future. Not planning for the future can prove to work for a long time. However, in the long run, bigger problems are created. Statistics show that over 32% of people living with disabilities are below the poverty level. This situation can be directly linked to lack of a proper planning of the future. Therefore, regardless of what kind of disability a person might have, there ought to be a guideline on the personal finances for them.

Evaluating personal finance

The initial step to developing an effective financial plan is by evaluating the monetary needs of the person both in the present and the future. The key to determining and maintaining the financial steadiness is through analyzing the income and expenses that a person has.

The factors to put into perspective include:
– The income of the disabled person and its source. Is the income from insurance benefits, government benefits, or compensation from a filed lawsuit?
– The expenses that the disabled person incurs currently and in the future.
– Whether or not the disabled person is dependent upon others or is self sufficient.
-The possible income streams available for the disabled person.

June 30, 2013

General

How To Get Cheaper Life Insurance

How much life insurance do you have? Do you have enough to pay for all your debts in the event something happened to you tomorrow? If you don’t, then you need to get more life insurance.

Why many people don’t get life insurance.

Now, I understand that most people don’t like paying for life insurance as they feel like nothing is going to happen to them so they think there really is no point in paying for it. What you need to know is that nobody knows when they are going to pass away, and since eventually you will pass away, you might as well be ready for it when it is your time to go. Many people put off making a will as well, but just like it’s important to have a will, it is also very important for your family that you get a life insurance policy. Let me ask you one thing, why do you buy car insurance if you don’t think you will ever use it? Don’t tell me that you have it because it is against the law to drive without it because you know the reason you have it is because it will save you from paying thousands of dollars in the event that something terrible happened and you got into an accident. The difference between life insurance and any other type of insurance, is that with life insurance you know that someday it will be used, not by you, but by your remaining loved ones.

June 24, 2013

General

5 Tips To Help You Reach Your Financial Goals

With the economy the way it is and the fiscal future of the world precariously balancing between security and certain doom, more and more people are finding it important to not only set financial goals, but also to meet them. Some of the greatest financial advisors will tell you that you can’t just hide your money under a mattress to save enough money to live comfortably. Becoming financially savvy – whether you want to eventually put down money on a house, start a business, or send your kids to college – takes a full lifestyle overhaul.

Here are 5 tips to help you reach your financial goals:

Let the whole wide world know. Okay, maybe not the entire world, but at least your friends and family. You are much more likely to save money if people know you are trying to save money. The psychology is simple – you don’t want to face the shame once you go broke, so you will do everything you can to meet your financial goals. Not only that, but if you are deciding to buy a car or house or any other big item, your friends and family can step in with valuable financial advice.

June 11, 2013

General

How To Get A Raise At Work – 3 Tactics That Work

Do you feel that you are underpaid at work? Do you wish there was a way that you could make more money right now? Well, you can and I know just how you can do that. The trick to getting a raise at work is just to be confident and know how valuable you are to the company. Most employees have no idea how much they are worth to their respective company and that is why they never ask for a raise.

Before you do anything you should figure out what you will ask for. Don’t just walk into your employer’s office and demand a raise because sometimes they will ask you what you think you deserve. Now, you don’t want to go into this meeting without any proof that you should get a certain amount. Trust me; having a little bit of ammunition to fall back on will be what gets you the raise you deserve.

3 Tactics To Get A Raise

Demand A Raise – By demanding a raise instead of asking for one you will sound more certain that you deserve one. Also, don’t make the demand sound like a question. Too many people do this and it shows a weakness in your proposition.

June 7, 2013

General

How To Negotiate The Cost Of Repairs After A Home Inspection

There’s nothing like it. “It” being the feeling that you have when after finding the perfect house, making an offer that the seller agrees to and in your mind believing that you’re just weeks away from moving into your new home.

Except there’s a (potential) catch. Before you are able to officially declare the house as your own, a professional home inspection must take place. Although that takes a bit more time, honestly, that works in your favor because if the repair list amendment cites that the house has things like plumbing and electrical issues, that the roof needs to be replaced or that there is a problem with the heat and air unit, this means that you need to go back to the drawing board with the seller to renegotiate a new price.

If you’re curious about how to go about doing just that, we have provided a few things that you should keep in mind as it relates to the seller and also to you as the potential buyer:

May 31, 2013

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