Posts

Showing posts from June, 2023

Strategies for managing your finances after job loss

Image
A job loss might trigger intense emotional reactions. You could experience tension, anxiety, and uncertainty. But constantly keep in mind that these difficult moments are not always present. Getting a strong handle on your money is a crucial first step in coping with a job loss. When you're jobless, effective money management is crucial. The government provides programs that provide benefits and assistance to jobless persons. This may be extremely beneficial to you while you hunt for employment. Ways to manage finances when you are unemployed Assessing your financial situation Losing a job often calls for a fresh look at your finances. This involves reviewing your savings, recurring expenses, and any debts. Understanding your financial state helps you know how long you can maintain yourself with your current funds. Next, identify your costs. They usually fall into two types. Essential expenses are costs like rent, food, utility bills, and healthcare. These are the costs y

Why you may avoid a broker and choose a private lender instead

Image
  Let's make this clear first. In this post, no attempt is made to create a 'versus' battle between the brokers and the direct lenders (aka private lenders). This post aims to state a few advantages of a direct lender over a broker service when it comes to borrowing unsecured loans/ personal loans. Personal loans are also known as unsecured loans because you don't have to secure the loan with collateral, i.e. property or an asset such as your home or car. When it comes to brokers, you may have found them more in the field of mortgages. However, these professionals are also adept in helping you with personal loans, bad credit loans etc. They make searching and customising the loan easier for you. Brokers are great. However, direct lenders may have greater advantages up their sleeves. In this post, we are going to look at a few things regarding it below: You Might Need a Lender for a Faster Loan The plain reason for this is that direct lenders work directly wit