Surviving the COVID-19 Outbreak & Quarantine [Financial Angle]

coronavirus pandemic

The global spread of the COVID-19, a new type of coronavirus, lasts from December till now and won’t stop soon. The situation in the world has heated up after the border closure in Europe and the U.S.

Lots of people are seized by panic, while mass media spreads the newest information and makes a disappointing forecast. Truly, there is no reason for dread. Keeping the basic safety instructions and staying at home, you reduce the risks of infection.

Another trouble is a financial crisis. The global economic situation has completely changed in the last few weeks, and the course of future events is still uncertain.

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How Much Should You Have in an Emergency Fund? (Expert Roundup)

You have definitely heard the advice that you’d better have an emergency fund to pay for unexpected expenses thus protecting yourself from unanticipated events. Money philosophies may differ, but most financial experts agree that for a healthy financial plan it’s necessary to have some cash set aside for emergencies.

We are sure that guessing is not the best way for making financial decisions. So we decided to ask financial experts what would they answer to a person asking “How much money should I have saved in an emergency fund?” And we’ve got a bunch of great tips we can now share with you.

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Lifestyle Inflation Definition and How to Cope with It

lifestyle inflation definition

Has the quality of your life changed since graduation? Have you started making more purchases once you’ve been promoted? 

Did you know that such changes in life have a special name? We are talking about lifestyle inflation. 

What does it mean? Why does it happen? Are there any negative impacts it may have on your financial stability? 

Read on to learn more about this notion and the best ways to manage your lifestyle inflation.

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Where to Find Help to Pay Rent? Here Are a Few Prompts

help to pay rent

Considering the fact that many people tend to live paycheck to paycheck trying to make ends meet and don’t have emergency savings ready to support through the hard times, it’s not surprising that many consumers need help paying rent. 

Often this short-term hardship happens during the employment changes, important life events or urgent health issues that require lots of funds. As a result, people think “I need help paying my rent asap”. 

Here are the best options and the most comfortable ways out of this temporary issue. Select the most affordable and suitable solution for you.

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Debt Avalanche – How You Can Use It to Get Out of Debt

debt avalanche

The person, who has been in debt, can understand the real pain. All the time you feel stressed and think about how to solve the problem. Well, you can give it a try to solve your debt problems yourself before resorting to professional help.

One of the DIY methods to solve your credit card debt problems is by using the debt avalanche method. You can use this method to repay your multiple bills and get out of debt completely.

Check out how debt avalanche method can help you to repay your debts.

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How to Get Medical Bill Assistance When You Can’t Afford the Cost

help with hospital bills

Even those who are young and healthy need to think about their future beforehand. A medical emergency may hit you or anyone from your relatives all of a sudden leaving you unprepared. The healthcare is really expensive in the USA, so facing an urgent illness or medical procedure can reach thousands of dollars. 

How can you afford to pay the hospital bills? 

Here is your guide on how to get medical bill assistance and cover the costs even if you don’t have health insurance.

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Social Security – Your Most Frequent Questions Answered by Jim Blankenship, CFP

Social Security FAQ and Answers

Here you'll find the answers to the following questions:

  • How does Social Security work?

Social Security is a social insurance program, designed to provide retirement, disability, and survivor benefits to those who are eligible. The benefits are paid for by the withheld tax on current workers’ earnings.

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How to Repair Credit? Do It Yourself or Apply to the Best Credit Repair Companies

"In times past, your social security number was the most influential number known to man… However, there is a three-digit number that is giving the social security number a run for its money…"

- Cornelius J., The Credit Repair Book: The Credit Repair Company's "Secret Weapon"

how to repair credit

Have you ever thought about improving your credit score? Do you know how many benefits you may get if you finally manage to do it? 

In fact, boosting your score may result in having lower interest rates for various loans and better lending options. 

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How to Reach Your 2020 Financial Goals with Budgeting Worksheets

monthly budget template

Annual income – twenty pounds, annual expenditure – nineteen six, result – happiness. Annual income – twenty pounds, annual expenditure – twenty pounds, result - misery.

- Wilkins Micawber, a clerk in Charles Dickens's 1850 novel David Copperfield

Americans know they need to create a household budget and stick to it. But do you know how many Americans follow it? Well, the answer may surprise you.

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