Financial ignorance is a lack of know-how, and know-how is a skill that needs to be learned and practiced throughout your life. You need to learn how to handle your money and that’s ok!So, if you are in financial trouble right now it is because you were never taught how to manage your money. There is no shame in not knowing how to manage your money properly, most people do not know how and need guidance throughout their lives.
Start today by researching online or asking someone at a bank or financial institution if there are any free financial handling workshops or seminars in your area. If you take action and start learning, every little bit helps. Put yourself first and understand that the more you know about responsible spending and saving, the more you look out for yourself in the short and long term. You deserve it!
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.
If you are drowning in debt and wondering how you are ever going to manage to pay everything off, this may be the time to take advantage of a settlement company’s offer to help you consolidate your debt and save yourself hours of stress and thousands of dollars. A settlement company can help you negotiate to your creditors and settle your debts for less than you owe for a lower interest rate.Shop around because some debt settlement companies will offer you a savings anywhere between 25% to sometimes 75% depending on your circumstances and what creditors are willing to lose because bankruptcy could mean creditors losing 100%.
Visiting a bankruptcy trustee will help you discuss a consumer proposal or personal bankruptcy but more importantly will relieve stress and help you take back financial control of your life. This is only one of several options and you can take on creditors yourself—you just need to do some research and remember that you are the person who needs your money the most.Regardless of your final decision, remember that paying off your debt by-weekly or as often as possible is the best case scenario because the more often you pay, the faster you will be debt-free.
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.
Everyone probably agrees that being audited is a real-life nightmare because you are being questioned and feel like you are being accused of something. An audit does not need to be as scary as you can imagine and most audits are conducted via mail. Audits can also be about someone making a mistake and you end up getting back more money. In sum, do not worry until you know all the information. However, often, audits are about owing money but again that amount does not need to be scary.
It may be helpful to hire a financial advisor to reduce stress and get all the information you need unless the amount you owe is less than the amount you would pay for help. First, organize, label and folder all forms and receipts and show up on the correct day at the correct time. Second, treat the auditor with respect and only discuss the parts of the audit and state your case, once. Do not argue. If you feel the need, you can take your argument above the auditor at a later time. Finally, do as much research as you can about your case in order to feel calm and confident.
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.
Good Debt: any money borrowed to buy an appreciating asset where the cost of servicing the loan does not affect your ability to save to the appropriate level & where the principal will be fully repaid before your retirement
Bad Debt: Everything Else
In sum, divide bad debt by your annual income and if that percentage is over 25%, it is time to make larger payments to reduce this number and make sure you also keep good debt at a minimum.
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form, to learn more please visit our YouTube. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.