Injuries can be really hurtful. Especially, when the injuries suffered are due to someone else’s negligence or wrong-doing. Piled up bills and missed time can further worsen the suffering.
However, injuries can cross paths anytime and anywhere. One may get injured by falling tree, that no one has control over, or simply slip and fall on an icy road. Luckily there are authorities and regulators at play who can significantly ease your suffering. Yes, you got that right, your insurer.
But before you even file your claim for compensatory relief against an injury, do you know there are limitations involved? And the most significant of these limitations is the time frame to file a claim. These time limitations are known as Statutes of Limitations.
For those noticing their disposable income decline slowly over the past few years, you’re not alone. Across Australia, income growth has stalled in almost all industries, with some even experiencing declines. As a result, there are now thousands of Australians looking for new ways to make money - that don’t involve working a casual job on top of their 9 to 5.
We’re here with a great list of unusual ways to make money that might make paying your rent, loan or phone bill just that little bit more manageable. Take a look below.
Not all that long ago, you literally jumped out of bed excited for your day to start. Starting a business was a great decision. All that changed when your business took a nosedive. An accumulation of challenges and problems upended your health and your business.
You want to run a business that's financially successful and doesn't derail your well-being. What's the solution?
Find out which ones are the most profitable businesses, research what industries already excel in the marketplace and pick one. Then, pursue your business and health goals simultaneously because your chances to succeed will take a positive upturn.
Here's how two business owners did an about-face. They switched from owning unprofitable businesses to most profitable businesses in order to balance business and personal goals.
Whether you’ve been in your job for six months or ten years, boredom is likely to creep in if your employer hasn’t managed to keep things interesting for you. Before you throw in the towel, try these suggestions to work out if there’s still life in your job or it’s time to move on.
Investing your money is by far the best way to secure your finances, but a lot of people don’t do it because they don’t think that they have enough money in the first place. If you want to invest in real estate, for example, you need enough for a down payment on a house and most people don’t have that sitting around in their bank account. However, not all investments require that much money upfront and there are plenty of lucrative opportunities that you can get involved in with as little as $100. If you’re looking to invest some money but you don’t have that much saved up, these are the best ways to start investing with just $100.
The cost of living is increasing year on year. Many families are feeling the pinch and finding that the cost is unsustainable for a variety of reasons.
So it's no wonder that more people than ever before are looking at a way to earn more money in a flexible and most importantly sustainable way. As wage growth continues to flag, taking on a second job may seem like a good idea but working 80 hours plus a week is unsustainable for many people in the long term, not to mention can wreak havoc with your health in the long run. It’s easy to think that you will be making huge amounts of extra money from your side-gig, sometimes enough to quit the 9-5 and make your hobby a full-time gig. However, this sometimes is not the case! Here we've outlined a few myths when it comes to chasing your side hustle.
While no one wants to have to forgo a medical procedure or medical attention due to their financial restraints, there are many people who have to be very careful about getting medical care just for this reason.
If some kind of emergency takes place, you’re essentially just saddled with whatever needs to be done for you. But if you’ve got a planned medical procedure on the books, whether it’s for some type of elective or cosmetic surgery or even if you’re planning on having a new baby, there are things you can do to help prepare yourself for the costs.
To show you how this can be done, here are three tips for preparing financially for a medical procedure.
Get The Best Insurance For You
If you can plan this medical procedure about a year in advance, you might be able to take a look at all of your insurance options and consider changing what you have to a plan that will better match what you’ll be taking on the next year.
According to Stephanie Walden, a contributor to USA Today, certain medical insurance plans will cover more medical procedures than others. The trick here is determining if the higher premiums of these plans will be worth it for you in the long run or if you’d be better off financially just picking up the rest of the bill yourself. The answer you go with will depend on what procedure you’re having done, what your financial situation is, and what insurance options you have available to you.
Start Padding Your Emergency Fund
One of the smartest things you can do for your financial future is to have an emergency fund that you constantly funnel money into. If you have these funds available to you, you can use them for whatever financial issue comes up, including paying for medical procedures.
Whether you’re wanting to get a medical procedure done soon or are just hoping to be prepared in the event that something happens in the future, Elizabeth Renter, a contributor to NerdWallet, recommends that you try to maintain enough money in your emergency fund to pay at three to six month’s worth of expenses. This can put a big dent in a medical bill if you’re needing financial assistance.
Live Off Of Budget Plan B For A While
For many people, they try to create a budget that they can comfortably live within. Because of this, there’s usually space in the budget where you can cut back and limit certain expenses. And if you’re planning to spend a decent amount of money on medical procedures, sticking to a more pared down version of your budget might be a good idea.
To help you save a lot of money, or reallocate money to a different purpose, Miriam Caldwell, a contributor to The Balance, suggests that you create a Plan B budget and live off that for a while so you can save money to pay down your medical expenses.
If you have a medical procedure coming up, consider using the tips mentioned above to help you financially prepare for this event.
Saving money is a necessary evil in life. If you want to have a financial cushion, your savings is vital to the success of that goal. Most people don’t have the proper teaching to conquer the financial challenge of successful savings, but there’s always time to learn.
If you’re not sure where to begin when the subject of savings is on the table, take heart. Here are a few creative ways for you to save money that will help you to support yourself and your family in the future.
Setup a special savings account
Placing the funds you want to go towards your savings into a designated savings account is step one to formulating a financial plan for your future. You may want to explore the option of a term deposit savings account, as the unique setup allows for the holder to make money by successfully saving money.
Setting up a traditional savings account is also a reliable option. You can draw a small amount of interest on your funds as you save if you deposit them into a structured savings account.
Cut costs whenever possible
Get creative with your savings. You can make your own cleaning products. Grow your own veggie garden, and cut the cable. Television doesn’t have to be expensive anymore. You can spend less than $20 a month on unlimited streaming entertainment.
When you purchase staple items like groceries and toilet paper, invest in a coupon app to help you get the lowest price possible on your buys. Whatever it takes, save, save, save.
Purchase things with cash
Using cash for purchases is a great way to keep yourself out of debt. You may have to practice some self discipline to save for all the expensive things you want in your life, but it will teach you something special about handling your finances.
Credit cards and other credit-based spending options could lead to a terrible financial histproy later on in life. Make a simple rule: If you can’t easily afford to make a recreational purchase, then you don’t need it.
Live your life on a budget
A frugal existence is helpful to your savings goal in life, but living life by a set budget is an even better way to keep yourself on track financially.
Use one of the many budgeting apps available online to give you a template for laying out all the ways you spend your money, and you will have a more accurate picture of where your money really goes.
Minimize the clutter in your life
You can save money by minimizing your material possessions in life. This isn’t as easy to achieve if you have a family with little ones running around, but that doesn’t mean it’s not possible. Living a minimalist lifestyle will give you a better shot at long-lasting financial security.
A side business can be the perfect way to bring in an extra income and turn a hobby into a career. If you’ve got a particular interest, you may already have a springboard into starting your business and doing something you enjoy is always advantageous. However, all business owners must adhere to regulatory requirements, so it’s essential you take steps to ensure your side business is legitimate.
As eager as you might be to get started with your innovative business plan, you need to press pause just for a moment. Launching a business is a huge commitment that you need to be fully invested in right from the very beginning. So before you find the perfect web designer or put an advert online for your first employee, you need to consider a few important things. Many aspiring entrepreneurs make the same mistake during the early days; they dive into their business launch way too quickly. No matter how enthusiastic and eager you are to get your ideas off the ground, you need to have a plan in place. So take action right now and you will soon be more than ready to kick start your very own company.