financial wellness Category Archives — Page 37 of 39 — Legal Insurance Blog Published by Cherry Hill, New Jersey Legal Insurance Company — Countrywide Pre-Paid Legal Services, Inc.

September 27, 2016

Do You Know What You Owe?

Budget Counseling Makes Sense of Debt

Knowledge is the cornerstone of any financial wellness. A person needs to know how much is owed, and where is the money coming from. In the days when everything was done manually or by mail, it was not that difficult to have an understanding of a personal budget. Time have changed, and transactions occur more rapidly. It is now easy to shop with the use of mobile devices instead of going to the store. The modern consumer can accumulate massive debts on a monthly basis. These might require payments that are more than that same individual makes in a pay period. Outside help may be necessary to make sense of what is going on.

September 20, 2016

Do You Know What You Owe?

by Len Feltoon

Budget Counseling Makes Sense of Debt

Knowledge is the cornerstone of any financial wellness. A person needs to know how much is owed, and where is the money coming from. In the days when everything was done manually or by mail, it was not that difficult to have an understanding of a personal budget. Time have changed, and transactions occur more rapidly. It is now easy to shop with the use of mobile devices instead of going to the store. The modern consumer can accumulate massive debts on a monthly basis. These might require payments that are more than that same individual makes in a pay period. Outside help may be necessary to make sense of what is going on.

September 12, 2016

Handling a Medical Crisis

by Len Feltoon

Medical Power of Attorney is an Essential Document

A medical crisis will cause confusion. The victim may be rendered unconscious by an auto accident, a stroke, or some other sudden attack on his or her health. These can result in dire situations. Individuals may register no signs of ever regaining consciousness, but the healthcare provider is required to maintain life support. The hospital will continue to do this unless it receives instructions from an authorized individual. Medical powers of attorney is a group legal plan benefit everyone needs.

September 6, 2016

You Need Good Financial Education

by Len Feltoon

Advice from Professionals Helps

We agree that money is not everything. There is so much more to life, and the dollars do not need to be the center focus. Nevertheless, money cannot buy you love, but it will buy the groceries. Many people need to have a better understanding of how to handle their money. Their overall financial wellness depends on learning more about finances.

August 30, 2016

Time is a Student Loan Thief

by Len Feltoon

Superior Advice Solves the Problem

Student loan debt seems to follow a person around like a bad habit. It isn’t just the amount of money but also the years it takes to pay off the debt. Something that happens along the way involves the time frames for both payment and accumulation of obligation. Student loans can impact financial wellness for years to come. Continue reading

August 25, 2016

You Can Restore Your Financial Well-Being

by Len Feltoon

Having medical insurance will give a sense of security against devastating medical bills, but the insured is not always out of the woods. Even though a person does have coverage for the major part of any medical expense, there are copayments and deductibles. A shoulder operation can cost a person several thousand dollars and can be a burden. Expenses can threaten the financial wellness of anyone.

August 16, 2016

You Can Escape the Credit Card Madness

by Len Feltoon

Expert Counseling is What Countrywide Offers

Credit cards are certainly convenient. Going shopping is made a lot more fun, and people will spend more than they originally planned because it is so easy. The new balances don’t seem that difficult to manage, but there is an accumulation effect. Paying the minimum requirement every month is not going to reduce the overall figures that much if at all. If an emergency arises, where money has to be spent on major purchases it will add to the credit card debt. Those little pieces of plastic can threaten financial wellness. Credit debt needs to be under control.

July 15, 2016

Gaining the Upper Hand on Medical Debt

by Len Feltoon

Counseling Helps with the Debt Load

Medical bills can hit a bank account like a bomb. The cost of certain medical procedures is in tens of thousands of dollars. Some people feel that their medical insurance will cover all the costs. Thankfully, much of the expense is covered by insurance but only after co-pays and deductibles are met. Deductibles can be as much is $5000 for a given situation and must be paid before insurance will start covering costs. This deductible is an annual occurrence; you start again every new year and treatment that is more than a calendar year means the deductible has to be met the following year. This is in addition to dealing with the co-pay. The financial wellness of many people is placed in severe jeopardy.

June 17, 2016

Middle Aged Employees Have Budget Problems

by Len Feltoon

New Problems Surface

Once the conversation about budget problems centered around other people. Recent college graduates do have some adjustment challenges with their paycheck, but they are not the only ones that have difficulty with domestic finances. Middle-aged employees are facing budget problems as well. It might seem strange, seeing as how these are people who worked with family allocations for decades, but their financial wellness is a matter of grave concern.

June 3, 2016

Stop the Madness!

by Len Feltoon

College Debt Obligations Are Confusing

The good news is academia has begun to take seriously the need to educate students about their postgraduate loan payments. Indiana University sends out annual letters telling students how much they can expect to pay per month on the existing loans. The intent is to encourage them to borrow only what is necessary and make smart decisions. The not so good news is this doesn’t help those who already graduated. The financial wellness of many graduates is pretty murky. These people can use some good advice to get out of fiscal quicksand.