Category: Financial Stories

Keeping up with…? DON’T DO IT!

Posted on by Jordan Rumanek

Keeping up with…? DON’T DO IT!171

You do not need to spend more money than you make to gain respect and approval from others and there are truly no expectations that are important enough to put yourself in debt or financial ruin. Please do not attempt to “keep up” financially with anyone or any family or friend. Keep up with your own financial goals and reap the benefits and rewards of others asking you for financial advice in the long run.

The problem for many is that aching need for approval and admiration, so we pretend that our personal finances don’t exist or we don’t have financial problems because it becomes too stressful to discuss. It is true that most of us have a weakness when it comes to spending and a secret desire to impress others and gain more respect. Start now with the mind-set that you do not need stuff to make you happy and start a path of humility. You know that path you have been on has brought you to where you are today with your finances.

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.

Financial Ignorance is a Lack of Know-How!

Posted on by Jordan Rumanek

Financial Ignorance is a Lack of Know-How!bankruptcy-150x150

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.

Negotiate a Debt Settlement

Posted on by Jordan Rumanek

Negotiate a Debt Settlementdebt settlement

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.

Dealing With an Audit

Posted on by Jordan Rumanek

Dealing With an AuditScreen-shot-2012-01-28-at-11.20.47-PM-150x150

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.

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