Emergency Money Strategy while Dealing With Debt, Financial Stress & Family
Financial stress is common among those forced into frugality because of a lost job, divorce, death in the family, or being overcome with debt, etc. This can cause a person to feel insecure, fearful, anxious, angry, and, of course, depressed.
These same feelings are easily the number one cause of poor money management decisions. These poor decisions will lead to unmanageable debt loads, and start a vicious cycle of panic that never seems to end.
When you reach this point, and you find yourself with a money emergency, your feelings of helplessness can become so overwhelming you literally stop functioning in the real world.
YOU NEED TO HAVE YOUR WITS ABOUT YOU TO RAISE EMERGENCY MONEY
Get yourself Immediate Help
If you recognize any of the above traits in yourself, get the help you need right away. See out a professional counselor ... talk to a friend or family member but talk to someone! If you know someone who is exhibiting the above traits, offer to help them! It doesnt matter whether you lend then cash, an ear, offer some helpful advice, or help them get counseling, do something!
The first thing that you need to grasp is that no situation is hopeless. With just a little guidance and patience, along with a couple of well thought out goals, and emotional support from family and friends, you can do what it takes to come out of dire circumstances.
You can adapt a new outlook, new skills, and best of all, a new feeling of self-esteem. Dont allow anyone to tell you different, and if they do, close the same door that they came into and dont again open it! What you need is positive reinforcement and not negativity to help you get to the other side.
Seek out your True Friends
When you are desperate to raise emergency funds, it usually doesnt take very long for you to realize who really cares about you, who is truly a friend ... be they family or not. Your friends will be there for you in your time of need, offer encouragement, and lend an ear so you can just talk. Ask for help in coming up with good ideas about how you can raise emergency funds during such a difficult time in your life. Be open to the many suggestions that you will receive.
Prepare to Set your Priorities
There comes the time when you will need to put aside your feelings and just concentrate on the well being of you, and your family. This has to be your priority during times of financial stress and upheaval. In financially stressful times, if you, as the Mom or Dad, cant cope, how can you expect your children to cope now, or in the future? You must set the example for the rest of the family to draw strength from them.
So make the decision today to learn how to cope, to make the changes you can, to stay focused and goal-oriented, and to let anxiety and financial stress go out the door so that you will be prepared to deal with any money emergencies that come your way.
In addition, you can check CardWeb for a list of the monthly rewards that credit cards are offering.
Emergency Cash Needed
THIS IS A GREAT START TO MEANINGFUL SAVINGS.
Take out a credit card. Decide to deposit that extra money right away into your savings account or cash it and then stash it. 75% return. The point is to be forever mindful of saving those extra pennies and before you know it, you will have saved up a tidy sum. Pay smart for long-distance.
|