6 Ways To Deal With Debt


Rising debt loads and little savings are putting a lot of Canadians in financial trouble, the Financial Post reports. If you find yourself in the same situation, here are a few ways to deal with debt.

Face the fact

Stop living in denial. Your money problems will only get worse—as will your stress and anxiety levels—if you don’t face up to the situation. Do you have a ton of credit card debt? Make a list of how much you owe and to what companies. Put in the interest rates. Once you’ve put this together, start prioritizing your debts.

Work out a budget

Know how much you can afford to spend on paying off your debts. Tally your income against your expenses. The amount you end up with should be used to pay off your debt.

Start saving

Stop any unnecessary spending. Pack lunch to work and cut down on eating out. That’s going to help you build your bank balance so you’ll have more you can use to pay off your debt.

Explore your options

If your debt is too big, consider consolidating your debt. Don’t know the first thing about the process? Look to debt consolidation firms like 4 Pillars. With help from experts, you can explore all your debt repayment options.

Stop adding more debt

If you already have more debt than you can manage, then stop adding more. Leave your credit card at home if you’re an impulsive buyer. Keep to the essentials. You’ll survive without going for that good deal or discount bargain.

Seek advice

Don’t wait until your problems snowball to bigger ones. Get help from debt counseling and consolidation experts at 4 Pillars for help and assistance. The sooner you get help, the sooner you can start taking steps to manage your debt and take back control of your finances.

You can contact our consultant Benjy Houser for more details.

Disclaimer: All 4 Pillars Debt Relief Specialists are independent consultants that represent and advocate for the debtor during their insolvency and throughout their financial rehabilitation. 4 Pillars Debt Relief Specialists are not Licensed Insolvency Trustees, Lawyers, or Non-profit Credit Counsellors.

For Your Health: Self Employed Health Insurance

By M. Jedediah

One of the major hassles of being self employed is the need to find an affordable health insurance plan that doesn’t break the bank as you’re trying to keep your own business running successfully. With all the articles and news casts about the ever rising costs of health care, the thought of finding an appropriate insurance policy that is also cheap can seem like a daunting task at first glance.

The good news is that if you are self employed then you have an abundance of choices in health insurance options. There is individual health insurance, small group health insurance, discount plans, and then the process of looking at various insurance companies and allowing them to bid away for your business. The most important aspect of finding a good health insurance plan is to be organized and to do your research before you actually start the process of shopping.

Individual health insurance is often the best way to go because these policies tend to be the cheapest. This has a major asterisk, in that your family will not get coverage. If you are single, this is not an issue. If you have small children or a pregnant wife, then this is a very big deal. If individual health insurance is a viable option, you should strongly pursue these policies as they usually cost only 50% as much as group plans or other options.

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Small group health insurance often takes place when a group of small business owners band together (and some states require only as few as two people) in order to get insurance coverage. If this is much more expensive, then why choose this over individual health insurance? It depends on your history. If you are older, then having a group of younger individuals can bring down the cost. Also, if you have a pre-existing condition then they still can not turn you down.

These are the two best options for most self-employed individuals, although there are other options, though often with more danger of the unscrupulous side of things getting involved. One thing to note, is that at least of the writing of this article laws have been passed so that your individual health insurance is 100% tax deductible in the United States. That’s right: every penny spent in a policy to keep you covered can be used as a tax write off from Uncle Sam. This can strongly help to off-set what may seem like prohibitive costs from covering yourself via an individual health insurance policy.

Health insurance is important, and self-employed health insurance is even more so since you are solely responsible for lost income, as well as your own health. There are companies who specialize in insurance for small businesses, so check around to see what type of a special deal they might be able to offer. There are a wide arrange of options out there, so just do your research and look around and you’ll find the right self employed health insurance for you.

About the Author: For more information on health insurance, visit http://www.healthinsurancedecision.com – a site that provides health insurance related tips and resources to include information on self employed health insurance.

Source: isnare.com

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