You have a wonderful, solid, stable marriage. Great kids, nice house. Nothing could threaten your relationship, right? Unfortunately, there is an insidious threat lurking out there that has been devastating good relationships with increasing frequency lately. Financial hardship.
Have you wondered how money troubles can tear families apart? The economic reality of today is forcing people to rely on their credit cards far more than ever. They're being used to cover unexpected expenses, to finance businesses that later go under, for education costs and to fill the financial gap left by job loss, leaving families with crushing debt and struggling to pay their mortgages or put kids through college.
Credit cards can lead to a financial nightmare. When you pay your credit card bills on time, more cards magically arrive pre-approved in the mail. Credit card debt is responsible for a lot of the economic instability of our country. Many families owe $40,000 or more on credit cards. Money troubles can wreak havoc on family and spousal relationships. Life presents enough problems and provides enough stress without adding overwhelming debt to the mix.
You can protect your family and take control if you're in this situation. Not doing anything will increase the problem. Taking strong, positive action is the solution. Here are some tips: Get professional advice. There are plenty of debt counselors, some available through your community at little or no cost. They can help to assess your particular situation and advise you about options.
Don't panic. Calmly think about what you can do to pay your bills. Are their other, un-tapped sources of income, such as a weekend job, property or other assets that are unnecessary and can be sold? Stop fighting with your family. Instead, come up with a well-understood plan to resolve the issue and let your family know what that plan is. You will feel in control if you start taking positive steps toward resolution of your financial problems.
Rein in those unnecessary expenses. Your daughter wants a new cell phone. Remember when no one had cell phones? We all survived without them. Taking the family out for dinner or to a movie can temporarily relieve stress at home, but in the end, it's an unnecessary expense. Look for free activities around your community and take advantage of the situation by spending more time playing family games and watching movies. Get out that old popcorn maker. Try to reduce your utilities bills by turning off lights, using less water and lowering your thermostat at night and when no one is home.
Consider Debt Consolidation or Debt Settlement. Either of these debt relief options can help get your finances back under control, which will, in turn, help your family become a happy, solid unit again.
Have you wondered how money troubles can tear families apart? The economic reality of today is forcing people to rely on their credit cards far more than ever. They're being used to cover unexpected expenses, to finance businesses that later go under, for education costs and to fill the financial gap left by job loss, leaving families with crushing debt and struggling to pay their mortgages or put kids through college.
Credit cards can lead to a financial nightmare. When you pay your credit card bills on time, more cards magically arrive pre-approved in the mail. Credit card debt is responsible for a lot of the economic instability of our country. Many families owe $40,000 or more on credit cards. Money troubles can wreak havoc on family and spousal relationships. Life presents enough problems and provides enough stress without adding overwhelming debt to the mix.
You can protect your family and take control if you're in this situation. Not doing anything will increase the problem. Taking strong, positive action is the solution. Here are some tips: Get professional advice. There are plenty of debt counselors, some available through your community at little or no cost. They can help to assess your particular situation and advise you about options.
Don't panic. Calmly think about what you can do to pay your bills. Are their other, un-tapped sources of income, such as a weekend job, property or other assets that are unnecessary and can be sold? Stop fighting with your family. Instead, come up with a well-understood plan to resolve the issue and let your family know what that plan is. You will feel in control if you start taking positive steps toward resolution of your financial problems.
Rein in those unnecessary expenses. Your daughter wants a new cell phone. Remember when no one had cell phones? We all survived without them. Taking the family out for dinner or to a movie can temporarily relieve stress at home, but in the end, it's an unnecessary expense. Look for free activities around your community and take advantage of the situation by spending more time playing family games and watching movies. Get out that old popcorn maker. Try to reduce your utilities bills by turning off lights, using less water and lowering your thermostat at night and when no one is home.
Consider Debt Consolidation or Debt Settlement. Either of these debt relief options can help get your finances back under control, which will, in turn, help your family become a happy, solid unit again.
No comments:
Post a Comment