Pricey Problems: Handling the Financial Fixes Life Unexpectedly Brings

How Much Is Flood Insurance?

Found yourself in a sudden financial fix? It happens to almost everyone. These are hard money times for a whole lot of people in a whole lot of places. Of course, this forlorn financial fact doesn’t make it any easier when a money disaster happens to you.

How to Handle Unexpected Financial Disasters

A financial disaster tends to occur at the worst possible time. Read what we’re about to tell you, and you will be better equipped to handle life’s unexpected money disasters.

Expecting the unexpected

How Much Is Flood Insurance?One’s financial condition can change overnight. No, it’s not fun to think about, but it is imperative that one is prepared.

If you lost your job, had an unforeseen medical emergency, or lost a lengthy lawsuit, would you be able to cope? What would you do if your family car blew a head gasket and required pricey repairs?

If lightning hit your house, would you be able to pay for emergency roof repairs? Anticipating a surprise cash crisis can help you deal with it if and when it happens. And it probably will.

Of course, it’s not always a single event that sends a person’s finances swirling down the drain. Sometimes, a number of nagging worries build to the breaking point, facilitating a veritable tidal wave of fear, stress, and anxiety. You’d probably fare a whole lot better if you had a backup plan in place. Expect the unexpected, and know what to do when a surprising money mess befalls your budget.

Managing an out of the blue move

Not all money misfortunes are the result of something awful. A person working their way up the corporate ladder may be asked to relocate to a new city to accept a higher position. While this could be fabulous news to the person being promoted, it can also be a big unexpected expense. Being transferred to accept a better job can be costly. In fact, count on it being a budget breaker unless you have an emergency savings plan in place.

The cost of moving companies and temporary accommodations in a new location can be massive. In many cases, the employer requesting the relocation will pick up some or all of the moving expenses, but it’s still wise to have a buffer of backup money, explains US News.

Steps back to financial solvency

The first step toward financial recovery is identifying the source of the problem. Do you overspend on unnecessary items? Do you remit only the minimum monthly payments on high-interest credit cards? Money woes often follow a period of financial mismanagement.

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Foodie Turned Restaurateur? How to Open Your Own Restaurant Eatery

Every foodie dreams of owning a little eatery, café or restaurant. Nothing sounds better than owning a beautiful establishment filled with your favorite goodies, whether it be exquisite pastries, signature pastas, or Japanese fusion cuisine.

Once you start dreaming, the ideas bubble up. Yet opening a restaurant isn’t so simple. Running a restaurant is demanding and saps a lot of your energy.

How to Open Your Own Restaurant

How to Open Your Own RestaurantMost restaurants close within the first five years, so investing can become a huge financial burden. It takes true dedication and passion for becoming a successful restaurateur, but you too can achieve this ultimate goal. Here are the basic steps to own an eatery of your own.

Create a Concept

When guests go to a restaurant, they don’t just want food; they want an entire atmosphere including scenery, ambiance and excellent cuisine. The restaurant industry is extremely competitive, so you want to make sure you stand out. In order to do this, you need to create a concept. The concept is the all-encompassing experience you want your guests to have.

For most, the concept derives from the food. Will you serve Italian, French, American, Vietnamese, or a new experimental concept? Perhaps you’re inspired by your mother’s cooking when you were a child or you’re a chef who specializes in seafood. These are all important factors to consider when designing the restaurant.

Next, you need to understand your clientele. Successful upscale restaurants, trendy eateries, bars, fast food and more all have a distinct atmosphere that keeps people coming. There is always something special about a successful restaurant that sticks in the mind of customers and it’s not just the food.

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Dave Ramsey’s Baby Step 7 – Build Wealth and Give

Get a free book such as the Total Money Makeover

I’ve written extensively about Dave Ramsey’s baby steps here on Money Q&A. You can see my overview of Dave Ramsey’s baby steps system from his book, The Total Money Makeover. There are seven baby steps that you should follow in order that will lead you to financial peace that he discusses in his book which is one of the Top Ten Personal Finance Books of all time that you should be reading. In this blog post, we discuss baby step 7. Dave Ramsey’s baby steps are… Baby Step 1 – $1,000 Emergency FundBaby Step 2 – Pay Off All Of Your Debt With A Debt SnowballBaby Step 3 – Fully Fund Your Emergency FundBaby Step 4 – Save 15% Of Your Income For RetirementBaby Step 5 – Save … Read more

Top 5 Money Mistakes Young Families Need to Avoid

There are many reasons to sell mutual funds.

As a young family, it’s important that you’re making the best decision for your future and the future of your loved ones. When you’re dealing with your finances, it can be confusing navigating all of the different options. Money Mistakes to Avoid There are a couple of money mistakes that you could be making that are easy to fix, but will have an enormous impact on your family’s finances. Fixing or even staying away from these money mistakes will help lay the foundation for a secure future. Not Budgeting The most common money mistake that families are making are not budgeting their money. When you think of budgeting, you probably imagine your parents or grandparents sitting down with all of … Read more

What To Do When You Get Pulled Over – 9 Ways Not to Get a Ticket

What To Do When You Get Pulled Over

What To Do When You Get Pulled OverThe flashing lights in the rearview mirror, the sinking feeling in the pit of your stomach, the sweaty palms and racing heartbeat, you got it…you’re getting pulled over. We’ve all been there before. But, what should you do when getting pulled over? Are there a few things that you can do to minimize your chances of getting a ticket?

Blue lights? Sirens? Do you know what to do when you get pulled over? Here's how to not get a ticket.Click To Tweet

What To Do When You Get Pulled Over

Do you know what to do when you get pulled over? Here’s a list of things that you can do to maximize your chances of getting a warning and not get a ticket.

Slow down and try to turn

Get over to your right and slow down. Turn on your signal and look for a place to turn into. 

Select a safe place to stop

It is ideal if you can find a place that looks secure for yourself and the officer.  Look for a place where you can get out of traffic, that is well lit and that is safe for the officer to get out of his/her vehicle. 

Think about safety for everyone

What To Do When You Get Pulled OverTry to position your car somewhere that reassures the officer that you will not speed off. A parking spot with a median or block in front of you, behind another car, or other obstruction may be good choices. You also want to consider

You also want to consider the safety of the officer and your car. It may be a safer choice to pull over on the left side of an interstate for example if there’s ample room. 

You can also slow down, turn on a turn signal, and drive to a safer area if possible. You see drivers doing this in a busy urban area quite often.

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Top 5 Tips to Find Better Trucking Finance for Your Business

Tips to Find Better Trucking Finance

Tips to Find Better Trucking FinanceWith many Canadians taking on trucking and transportation jobs, the need for truck finance has been on the rise. The only sad thing about the trucking business here is that very few business owners own a truck for themselves.

Those that do only have one or two trucks, which means they cannot meet the demand out there. It is at this point that truck finance comes into play.

5 Tips to Find Better Trucking Finance

While you may qualify for trucking finance, it would be wise to check the various options available and other features that can help you save even more. Some of the key features to look for when shopping for financing include:

Budget For Repayments

While it would be advisable to go for adequate and manageable truck financing, take some time to determine how much you can put out in repayments. Consider going for an affordable truck financing option, and one can be managed easily.

Trucks are supposed to be a significant investment; this may mean you have to pay much more in monthly repayments that you anticipated. Nevertheless, going for a financing option such as unsecured truck finance or others befitting your financial goals and circumstances would be an excellent idea.

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