Take Control of your Finances: Six Ideas that Will Help You Save Money on Health Care

Unexpected, or even expected medical bills, can wreak havoc on your finances. It is a little known fact that the average American spent $6815 on treatments in 2013 alone. Research also suggests that if you are financially struggling, you are much more prone to problems that affect your physical health. Below, we show you six ideas in which you can save on your health care costs:

More is less

It is a good idea to schedule regular check ups with your family physician, as it is much better to nip any potential health problems in the bud. That pain in your knee that you are experiencing right now could turn into something much more difficult and costly to manage later on. Go to more regular check ups instead of waiting until the last minute to get treatment. 

Invest in your company health savings plan

If you work at a company that offers a health savings plan, use it. The dollars that you invest are pre-tax, meaning that you aren’t paying for any medical care in after tax salary. You should also take advantage of any health perks your company offers, like insurance or dental care. 

Take care of yourself

You will save a lot of your future income, if you take care of yourself over the course of your life. Face facts and stop smoking and excessively drinking. Likewise, ditch the junk food and go for the healthy option. Your body, and your finances, will thank you in the long run.

Get regular dental checks

Regularly visiting your dentist can save you serious money. An innocent, yet neglected, cavity can lead to root canals or worse later on. Regular cleaning can prevent peritonitis, which, in turn, can prevent tooth loss, which is costly to fix. Going to your regular dentist appointments and keeping up with good oral hygiene can help prevent costly dental work, say the experts at Midtown Dental Centre.

Shop around

There are drastic differences in the cost of medical treatment. More and more walk-in centers are competing for your medical dollars. Find out if there is an alternative health center that can meet your needs for less. Also, many pharmacies are now also offering routine allergy treatments and flu shots for much less than it would cost if you visited a private practitioner. 

Buy generic

The differences in the cost of branded medication can be startling. A 2008 Survey, conducted by the National Association of Chain Drug Stores found that the average price of a name brand drug was one $137, compared to the generic prescription price of just $35. For most prescriptions, the generic brand will be just effective.

Implementing these six simple ideas will certainly help your financial health, and eradicate that pain in the wallet. Take control of your finances by being more proactive with your health care.

Why is It Necessary for Every Borrower to Know Everything About Unsecured Personal Loans

Whether you believe or realize it or not, loans of all kinds are financial burdens that every borrower is required to bear after getting them. In the opinion of all the real life borrowers and financial experts, getting loans is easy but repaying them is extremely difficult. The situation becomes extremely difficult for the people who cannot maintain a healthy credit score. They find both approval and repayment of the loans extremely difficult for them. Though bad credit personal loans are especially meant for them, they must be very careful about knowing everything about them so that they can repay the loans easily.

Beside bad credit personal loans, people should also think about unsecured personal loans that good for them. These loans are available with almost all the leading online lenders. These lenders also work under the influence of the governments, as the traditional lenders do. However, their strategies are slightly different from them. The first priority for them is to help the needy people and for that they design and develop special policies for unsecured loans. You must understand that these unsecured loans are free from all collaterals and that is why they are quite different by nature as well.

The first thing that you should try to know is the terms and conditions of these loans that can make all the difference for you. You must be very careful about knowing the rate of interest and the terms of repayment. You should look for the official documents that has everything written on them. You should not pay attention towards verbal information at all as they can be manipulated at any point of time. To be more conscious about the right information, you should talk directly to the bank officials and not the agents or mediators. However, you must make some personal efforts as well and make some online research about unsecured personal loans. You must know that these loans are not covered by any mortgage or collateral and that is why the rate of interests are slightly higher than the secured loans.

The terms of repayment must be very clear to you so that you can use them to repay your loan without burdening you. It is true that the duration of repayment is smaller here and that is why the monthly installments for repaying these loans can cause you some anxieties. You are bound to follow this schedule of repayment making sure that no date of repaying the installments gets failed. It can make your credit status go worse.

However, if you are a victim of bad credit score or status, then you must be very positive about repaying the installments on or before their due dates. This can leave a positive impression on the credit score and it can get better till you repay the loans totally. With the help of this better credit status, you can capitalize on your future loan requirements. You need to be very serious about the repayment so that you can get rid of both, the loan and the bad credit status.

Author Bio:
Anna Smith has been an experienced blogger who has a very good knowledge about online loans. She writes regularly for quite a few popular blog sites. Here, she tells teaches her readers about the serious concerns about loans online that they should always consider before getting online personal loans.

Burdened by Bankruptcy? 5 Quick Tips for Emerging from Debt

If you declared bankruptcy in the past couple of months or years and are still struggling to get back to normal, you can be proactive to improve your life. The whole point of enduring a bankruptcy is to get your life back on track. Let's take a look at four tips to help you rebound.

Chapter 7 vs. Chapter 13 Bankruptcy

Although filing for either form of bankruptcy means it will show on your credit record for the next 10 years, there are significant differences between the two. With a Chapter 7 bankruptcy you likely had barely any disposable income, so you will be forced to liquidate your non-exempt assets in order to appease your creditors. Though this type of liquidation likely won’t cover the full amount owed, the remaining debt will be discharged (in nearly all cases).

If you are eligible for a Chapter 13 bankruptcy, also known as a reorganization bankruptcy, you meet minimum income requirements to avoid a complete asset liquidation. Instead, you’ll be able to keep your home and other assets as long as you adhere to a court-approved repayment plan. You will still be expected to pay your regularly scheduled mortgage and car loan payments in order to keep those assets.

If you qualify for it, Chapter 13 is much preferable to Chapter 7 bankruptcy, but in both cases you will have to rearrange your life in order to meet your obligations.

Create a Detailed Budget

Once you've declared bankruptcy, you'll have to develop a plan to handle your finances. This means spending mainly on necessities, with only a few luxuries from time to time. Follow the advice of Greg McBride: “Track your expenses for three months to get an idea of how much you're spending and where that money is going. Then create a realistic budget that fits within your monthly income.”

Apply for a Secured Credit Card

In order to rebuild your trustworthiness with credit, you'll have to start out with baby steps. The first step is obtaining a secured credit card. A secured credit card lets you improve your credit score little by little as you spend what you've deposited on the card. Reach out to bankruptcy trustees like those with Keith G. Collins Ltd in Winnipeg to help you through the bankruptcy and credit counseling processes. Once you've brought your credit back up to a respectable level, you'll soon qualify for traditional credit cards and be able to pass employer and landlord credit checks without a problem.

Bring Cash Everywhere

While you'll be able to qualify for a secured credit card after bankruptcy, you should always carry cash wherever you go. You won't qualify for any lines of credit with significant spending caps, so you'll have to spend within reason for a series of years until you can prove that you are once again credit worthy.

Establish a Bill Paying Schedule

One of the best ways to rebuild your credit and avoid extra costs is to pay all of your bills on time and in full. If you run out of cash and are only able to pay part of your bills or make late payments, your credit will continue to suffer. Don't let that happen. Create a calendar that is specifically devoted to bill due dates. Rebuild your credit little by little and eventually you'll be able to qualify for loans and lines of credit once again.

If you've declared bankruptcy, don't wallow with hesitancy and indecision after the fact. You have a golden opportunity to get your life back on track. Follow the advice above and you'll be well on your way to a return to normalcy.

So You Want to Flip a House? 5 Must-Know Tips

House-flipping is one of those hobbies or occupations that a lot of people are drawn to by the lure of big dollars for comparatively little work. After all, the concept is pretty simple. You find a house that is priced low that needs some work, buy it, complete the work and sell it for a huge profit. The perfect house flip.

Of course, it doesn’t always work out this way. In fact, anyone who has been through it a time or two knows that it rarely works out this way. It’s even more challenging now that real estate prices seem to be forever climbing and the house-flipping competition is at an all time high. Still, if you are intent on giving it a try, it’s important to learn a few things before you begin and not when you’re already half-way through.

Here are five must-know tips to take with you:

Research, Research, Research!

Research is never very exciting, but it’s always necessary and if you don’t do it you’ll be left out in the cold in the house-flipping game. Take the time to compare the home you want to flip with others in the area. Also, look a little closer at the renos that were done on the other homes that have sold.

Just because a house in the area sold for a great price doesn’t meant the profit margin was also great. It also doesn’t mean that you will get the same price by doing some minor renovation and repair work. Keep an eye on what upgrades people have been doing in the neighbourhood before you get too excited.

Buying Low Isn’t Always the Answer

It’s easy to get the “buy low and sell high” mantra stuck in your head with house-flipping, but buying low isn’t always the answer to big profits. Finding a house that’s priced way below the average for the area may mean that it is falling apart and requires that much more in repairs to bring it back up to where it needs to be.

You never want to overpay, because you’ll never make decent money flipping houses, but too low isn’t good, either. Here’s a scenario: House A sells for $200,000 and needs $75,000 worth of work done and House B, which is similar, costs $250,000 but only needs $25,000 worth of work. House A looks like the better deal, but in the end they each work out the same, only you’ve done a lot more work with the cheaper house.

Gotta Have Some Savings

When you make the decision to try and flip a house, keep in mind that you need to have adequate savings to use while the process is taking place. This is especially true if you are working on the house flip full time and don’t have another full time source of income. You need money for living expenses, all the renovations and any incidentals that may come up, which isn’t uncommon.

Also, if that house doesn’t sell on the schedule you’ve created in your mind, you will have to wait longer for your profits. Sometimes, houses sit on the market for weeks or longer, even with all the wonderful upgrades you’ve made.

Be Realistic

Remaining realistic throughout the process is also a tip that many house-flippers lose sight of along the way. The goal is to make money, so creating visions of selling seven-figure homes in areas where houses have never been above the mid six-figures, is not realistic. It is imperative to stay grounded in reality and remember where you are trying to sell the home. It’s nice to upgrade with the best possible fixtures and having a “vision” is great too, but making money is the main objective.

Realism and even a little conservatism in your math is also a good idea when flipping a house.Once you figure out how much the project will cost, add several thousand dollars to that because costs have a way of adding up fast. No one ever complained about having too much.

The House As a Whole

Looking at the house you want to flip as a whole entity or property will help you choose the home purchased loan, appropriate upgrades and delegate funds where they will provide the greatest benefit. You want balance in your repairs and upgrades, so it’s important to look at the landscaping over the property, exterior of the house, the kitchen, bathrooms, bedrooms, flooring, paint, ceilings, lighting, even the molding and smaller features like outlets or switch plates. Plumbing, electrical and similar elements that are hidden from view are also very important.

You’ll always hear about certain rooms or certain aspects that can’t be ignored, but unless you look at the property as a whole, it won’t be as good as it should be.

Venetia Rose has been a freelance writer and blogger. She loves to share and keep herself updated with the latest tips in mortgage and financial consulting. Her interests are cooking, photography, craft and painting. Follow her on Face book https://www.facebook.com/laksh.venetia