3 Money-Saving Tips You Shouldn’t Be Doing
There’s nothing wrong about living on the cheap - the world is going through a financial meltdown, after all. You’ve probably started walking to work now, and have given up trying to win all sorts of knick-knacks on eBay. However, if you’ve started sleeping in airports to save
on hotel money, pawning off the designer wallets you got as presents, or scraping the lint off old skivvies, bath robes, and boxer shorts so you could recycle them as stuffings for old Teddy Bears, you may want to loosen your iron grip on your credit card wallet just a bit. You’re not living frugal; you’re living like a hobo!
Below are 3 more money-saving tips you shouldn’t let yourself be conned into doing. I don’t know who thought these up but whoever did it couldn’t possibly have your best interest at heart - unless being mistaken for a charity case serves your best interest. These tips include
1. Separating two-ply tissue
Based on a hundred sheet a day scenario, you could save almost $10 a year for separating whisper-thin sheets. But, is saving $10 worth your dignity and all the hours you’ll have to spend working away on your toilet paper? Unless you’re one who thrives on self-inflicted torture, forget this.
2. Going to Tijuana to see a Mexican dentist
Suffering from an impacted wisdom tooth? Your neighborhood dentist will be more than happy to help, for a substantial fee. As much as you’d like to turn the other way and save your money, go ahead and pay that fee, anyway - even if it means whipping out your checkbook wallet. Trying to save on dental costs by going all the way to Tijuana where dentists work for the price of a burger will only give you a headache on top of your toothache.
3. Making your own tampons or panty liners
There’s a reason the invention of tampons and panty liners is taken to be a sign of progress, women! It is! If you really feel you have to go down the DIY route to save a few bucks here and there, please don’t do it on anything you intend to shove up yourself.
It’s great to
be frugal, just don’t take it to the extreme.
The Immediate Effects and Enduring Stigma of Going into Bankruptcy
You hear of bankruptcy too often nowadays. How do you define bankruptcy and how does one become bankrupt?
Bankruptcy is a state wherein an entity can no longer keep up with the end of the bargain particularly on finances. This is due to the fact that people seems to have that hunger to purchase more stuff even if they do not need them at all. They confuse a want from a need, a good purchase from extravagance, which results to loans and unpaid debts.
If you filed for bankruptcy it doesn’t mean that your life is completely ruined that you can no longer be free of this financial bondage. Declaring bankruptcy is not entirely a lifetime burden if you make sound financial decisions from thereon. Some are encouraged to file for one so the creditors will not harass them and get their properties.Once an individual or organization acknowledged their financial state as such, they are given the necessary breathing space to make amends and correct their financial status.
If you are in dire need of financial relief and burden of losing all that you’ve worked for like your house, bankruptcy is not a bad choice. If you are wondering about how to declare bankruptcy you should probably consult a professional. Having a lawyer who can explain the ins and outs of such condition is probably best instead of second-guessing the steps that need to be done in order to redeem your economic status. Of course, filing bankruptcy means 10 years of having a bad credit score but this doesn’t mean that you can no longer avail of needed loans to salvage all your other belongings. A legal professional would best advice you on how to deal with your current state. Dealing with this on your own is too risky especially if you are emotionally affected already by the situation.
Federal law dictates that there should be no discrimination against those who filed for bankruptcy. However, if you are looking for a job, this state may affect your eligibility since some employers look at credit scores as well. Some other things you might find difficult are bankruptcy and unsecured credit cards and buying a car after bankruptcy.
Another consequence of declaring bankruptcy is the waiting period before they can purchase a big item again. There are still loans made available by banks, even with this situation. Make sure that once you have successfully applied for another loan; you must be consistent with your payments to establish a better credit rating.
Assumed humiliation should not dictate how you handle bankruptcy. Weigh the benefits of doing so. Definitely you will have a hard time getting credit cards and other types of loan aside from getting higher interest rates in case you are lucky enough to get loans.
Yes, you can recover from bankruptcy. It shouldn’t be a lifetime curse. Before you choose to declare bankruptcy, examine all aspects of your financial standing. Remember, that filing bankruptcy is indicative of an extreme phase, which means that you no longer have the ability to make ends meet and pay for your existing financial obligations.
