When Disaster Strikes, How To Keep Your Head Above Water

9 Sep

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Financial emergencies can hit us at any point, they are never easy to negotiate and when they do hit they can cause many a sleepless night. Periods of financial crisis can come in many shapes and forms; medical bills due to unexpected illness, a bill that you didn’t know was due or car repairs that are imperative to your work, to name but a few. In this age of austerity, any of these scenarios can be tricky to overcome, especially when all our purse strings are so tight. To help you in the immediate crisis and for future occurrences that may arise, here are 3 top tips for keeping you head above financial water.

1. Consider short term lending to help in a crisis

Short term loans or payday loans are both perfect in times of financial emergency, if used in the correct way. They offer you quick access to funds at a speed and amount that is right for your personal circumstances especially if you are looking for loans for people with bad credit. Here are the things to be aware of however, as this can be an expensive form of lending if used incorrectly.

Payday loans should only ever be used in a financial emergency, like those mentioned earlier. They can help to alleviate the pressure and also make sure you avoid the late fees that you could incur. They are only to be taken out on a short term basis, usually a period of 14-30 days, when the entire loan will need paying in full. Once you have decided that your emergency situation would be best sorted through the use of a short term loan, you must make sure that you know exactly how much you will have to pay back at the end of the loan.

The APR (annual percentage rates) on payday loans are very high, as they are only supposed to be used in the short term. So if you were to borrow $100 then you could be liable to pay back $120 once the interest is added. Knowing this upfront will help you to budget for paying the loan back.

2. Start budget planning in case of emergencies in the future

One of the most important things to consider when looking at our financial health is planning for future emergencies and times of struggle. Creating a set budget to start a savings fund for yourself and your family is the best way to ensure that you will always have access to money when it’s needed most!

Start your budget off by looking directly at your incoming cash, outgoings, debt and small spends each month. This will give you a clear indication of the areas that you can cut down on to save small amounts each month or week. This could be not buying lunch at work and taking a packed lunch instead. It may not seem like a lot of money, but it will all add up at the end of the month. According to Alison Griffiths of “Count on Yourself: Take Charge of Your Money,” the most important thing is to “get a real plan.”

“List every single debt you owe, both the monthly payment and the interest rate. It’s amazing how many people don’t know what the interest rate is on their various forms of debt. Include everything – student loans, car payments, what you owe mom and dad, all of that.” For the full article, check out CBC’s “Aiming To Be Debt Free in 2013.”

Once you have determined the exact amounts that you have, write down a plan. Having it in black and white is a great way to help you stick to it.

3. Make sure you have all you have everything up to date

This may seem obvious, but when disaster does strike you may need quick access to up to date records such as bank statements, insurance and medical insurance documentation. As we never know when disaster will strike, it is important to make sure that you have all this information up to date and at hand. Insurance is probably the priority here. If your house gets flooded or you need emergency medical care, you will want to make sure that you are covered for this, if not you could incur high fees and bills – not helpful and will only add to the stress. If you live in a area that is prone to disasters or burglary, then make sure this is included in your insurance.

9 Responses to “When Disaster Strikes, How To Keep Your Head Above Water”

  1. Colton April 19, 2013 at 2:46 am #

    beautiful how we began our love
    long walks, long talks, eating grub
    many smiles, many laughs, many naked rubs
    remembered haclyon days and night under blanket
    my worst fears came out and became rampant
    and closed our door, dare i say slammed it
    Screams from my head cyclone above me
    disaster struck. disater wrought. disater we.
    and in my mind i sit and think, have i lost you totally?
    I talk to the moon for it alone knows my pain
    For its spendor, only half the day, it reigns
    Like me, only the night, when my dreams of you remain
    My missteps have led us to a barren land
    Where you cannot seem guide my hand
    To your soul, to your trust; love buried in the sand
    In this time, I learned to control the vast sea
    I command the hurricane no longer do I pay its fee
    Now its power will do my bidding and serve me

    “”Love waves” crash down though the sand and search some more
    Find my Christine, she is on the shore
    Remove the sand, unearth her, and do your chore
    Keep until there is no sand at the beach
    She may be digging deep to hide her peach
    We must find her, she is not out of reach
    I command you to not stop until she appears
    “love waves” night and day even though you are in tears
    because that’s what love is…remember, even if it takes years
    I have the time to wait you go ahead with your plan
    no matter how tired i get, i will sift and think it grand
    I choose to do this and that is all I need to stand
    She will not see jealousy from me since she is not with me
    She will not feel hatred from me since she is not with me
    She will not experience hurt from me since she is not with me
    She will feel the love I am giving to find her
    She will feel my joy I have loving her
    “Love waves” dont stop..ever”

    Now as you look out into the ocean and see the surf
    think of how consistant the water hits the turf
    its has one job-to find love thats been buried in the earth

  2. Filiberto April 20, 2013 at 10:45 am #

    1989

  3. Thomasena May 1, 2013 at 1:25 pm #

    when did it happens ?

  4. Sana May 1, 2013 at 5:05 pm #

    We often have very severe snow storms in the winter. Folks here and the weather man say it’s from a “lake effect” (eg: “a severe lake effect warning is in progress”)

  5. Cleotilde July 1, 2013 at 3:26 am #

    have to make a project on
    preparedness for disasters
    1.Create activities to make people particularly primary children and school workers aware of disaster mitigation

    2.Write a manual of instructions and make kit list for use by teachers to manage-Laboratory, classrooms, corridors and school building, security, buses etc.

    3.Prepare instructions to deal with any accidents in school or in the bus

  6. Carolee July 29, 2013 at 11:44 am #

    My husband and I have been married for for 15 years and many of those years were very good ones. But over the past 3 years, the quality of our relationship has become very poor. We don’t seem to have anything in common, and we are usually annoyed with each other. We communicate well, but we just don’t seem to care about the same things anymore. We had some major stressors in our marriage in those three years (failed business, unemployment, infertility, cancer struggle, child born with lifelong disability, lost our home), and we came out of them as different people. I am really sad at the idea of leaving him, but he seems stuck in the past and I am ready to move on and become a better person now. It always feels like I am barely keeping my head above the water, and he is dragging me down with him. I did OK the first few years of this, but I have stopped caring after this past year.

    So what I wondering is, when do you know it is time to end a relationship? I feel like I have a lot of indicators that I am at that point (I don’t like being around him, I’m not attracted to him at all, I’m always imagining how it would be to with other people), but I don’t also want to throw away a longtime relationship if it might become loving again. We’ve been to counseling a few times and it hasn’t done much. We already know how to communicate and analyze our thoughts and actions.

    Is this at all normal at this stage of marriage? Should I give it up? Is there any chance that things will cycle back around and that I might feel love again for him, even though it has been over a year since I had that type of feeling?
    I must not have been clear—he is the one who had the failed business which led to the unemployment and bankruptcy. I have supported him through all of it, but he just can’t seem to get out of the depression it has caused. So by no means have a ruined his life so far.

  7. Ruthe August 9, 2013 at 9:04 am #

    well i have to write a story for my english assessment on a fear and this is what i wrote so far but now im stuck for ideas and improvements. Everyone Else’s is really good and that but mine to me just seems stupid can you help please x

    (this is the story)

    “Swimming then?” a voice said, i turned my head grinning.
    “Yeah you” i replied to my best friend Sasha.
    “Umm obviously! i mean the deep ends to shallow for me so why shouldn’t i be?” laughed sasha.
    I toke a deep breath as we reached the swimming pool centre and stepped out of the bus.

    The sign above me said “RED LODGE”, through my eyes the word “RED” turned into blood and weather or not its possible my blood.
    I stood stiff, scared and frozen. Just at that second a gust of wind blew at me, it roared “GO BACK! DROWN IN DEEP END”. I gulped and walked through the door.

    We had to walk past the swimming pool to get to the changing rooms.
    The swimming pool was like a ocean and the people in it little ants.

    Anxiously i put on my swimming costume and arm-bands when suddenly Sasha pulled at me and just gasped and glared. What was wrong? did she know my secret?

    “Pfftt! Arm-bands? Haha atleast it’ll put your mums mind to rest” Sasha giggled.
    “Yeahh Mm ok come on lets go” i shouted pulling sasha and jumping into the shallow end.
    Sasha laughed and pulled me over to the deep end, the arm-bands were keeping me up so i went with her.

    But then disaster struck, one of my arm-band had a hole in it and it wasnt long till the other did to. I started shivering and kicking my legs like humming birds wings but it wasnt any use i was already going down. I closed my eyes and sobbed

    All i could remember was me bobbing up and down, people screaming “hold it!” but what was i supposed to hold i couldnt see anything. Then a body grabbed at me, i screamed but no sound was coming out, i cried and cried.

    “HOLD IT STUPID!” someone screamed, what was going on? I toke my risks and grabbed onto the body and gradually came up.

    I opened my eyes to people surrounding me including my best friend Sasha.
    “You shouldve said you couldnt swim stupid” she said sobbing
    I grabbed her and tried to stop her crying.
    “But, but people wouldve laughed” i cried. Everyone shook their heads and frowned, i looked down in shame.

    “Oi! no crying now just be glad he saved you!” Sasha said.
    “He? He Who?” i asked curiously. Sasha pointed to a figure behind me, i turned my head a boy about 2 years older then me smiled and walked away.

    He saved me and i never got to know his name…

    (thats all i have can someone help me!)

  8. Roman September 6, 2013 at 4:48 pm #

    I received several payday loans with my boyfriend’s money as a way to repay these loans. My boyfriend moved out, but the loans are in my name through my bank account. How do I get out of this dilema?

  9. Ashlie September 15, 2013 at 9:44 pm #

    I have several payday loans I need to consolidate because the recurring fees are overwhelming.

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