Not yet registered? Create a OverBlog!

Create my blog

How to cope with money worries

This quick guide offers you four solid steps to take (mentally and physically) to ease you out of your money problem now.

Soothe yourself first

The first advice is to stop worrying about a money problem. There are much worst problems than money and some of these are fatal. Even if you consider your money worries to be big, it is solvable. You need to fine-tune the way you feel first and the way to do this, is by focusing your thoughts in your favour.

Do this step-by-step

How much do you owe? Since money matters belong to the logical (or materialistic) realm, give it the logical treatment. Find out the principle (or actual) amount that you owe and followed by the interest and other charges. Do this for each creditor. Write to the creditors Start with the biggest creditor (or the one whom you owe the most). Write a letter to appeal for a reduction or waiver of the interests and other charges accumulated. Support your letter with documents as evidence. Propose a figure for the settlement of the account, if you can. If not, propose a monthly repayment figure that you know you can handle. Do this for every creditor.

Ask for help

Why get help? If you can't handle this by yourself, then you should get help. Don't just sit there doing nothing and continue to procrastinate. Whether your financial situation remains or turns for the better or worst, you will likely eventually have to settle these outstanding accounts anyway. Getting help online Search for consolidation and credit debt help online. Look at some debt consolidation plans and management. Yes, you are shopping for financial services. Just like in most cases, if you don't want to buy, go DIY. With so many options online, see if you can find free help services. Be careful not to fall for false economy though.

Imagine how you are when this is over

This experience can make you a better person. Instead of turning away from it, use it to your advantage. Many people have. Many people had it worst and many people will have this problem in the future. It can be an advantage to you from a broader view but you will only see it once you are out (or on the way).

Same category articles Banking

Where to apply for cheap car loans online

Where to apply for cheap car loans online

When you take on a secured loan , like a car loan, cheap loans can be obtained if you have good credit. Often, however, going to the dealership is the worst way to get a loan since the financing may not be advantageous for you and you might not get a good rate. To get the best possible car loans for you, you should consider shopping online first. However, you need to know where to look.
A guide to Nationwide financial products

A guide to Nationwide financial products

The Nationwide is the UK's largest building society and it offers a wider range of financial products than many building societies and banks in the UK.
How to find jobs in Coventry, UK

How to find jobs in Coventry, UK

The economy is now causing many problems for those wanting to find jobs. Jobs are scarce to come by and so is money. This article will provide you with a guide on how to find jobs in and around the Coventry area.
How to apply for a PLUS loan

How to apply for a PLUS loan

Going to college is not only expensive for college students, it can also become expensive for parents. College loans are usually in the student’s name, but many parents are starting to help prevent their child from having many loans in their name by applying for parent PLUS loans.