During this constantly evolving situation, presented by the COVID-19 pandemic, we want to assure you that Countrywide Pre-Paid Legal Services is fully operational and well positioned to navigate this challenge and will continue providing the services you have come to count on from us. We are available by phone or email.

Articles Posted in financial wellness

stockfresh_2142927_family-holding-a-sold-sign-outside-their-home_sizeS_62ad93-300x200Folks run into cash problems because of poor money management. It does not always happen that they are not making enough money, but their wages are not well managed. Becoming a better money manager will take an awful of stress off an individual’s shoulders and allow that person to have a more optimistic view of life. Organizations have an opportunity to help their employees become better money managers.

 

Financial security is not built on some complicated economic model. An ordinary person can be an excellent money manager who can meet all recurring bills and save money for sudden emergencies. Getting some good advice is vital for sharpening money management skills. Countrywide Pre-Paid Legal Services can help. Continue reading

 

stockfresh_5532754_home-mortgage-concept_sizeS-300x300The national housing market is currently going gangbusters. Sales and prices are going up and there is a strong demand for houses, fueled by low mortgage rates and a desire to own property. The pandemic has made some alterations to what a buyer wants. Extra rooms make a house attractive since more people are looking to have workspaces.

 

 Some people might be frustrated because they cannot afford a house. The good news is that there is a rhythm to the housing market. The demand might soften and what is a sellers’ market can become a buyers’ market. There is time to get ready. Continue reading

stockfresh_4971788_student-loan-debt-installment-payment-check-money-paid-back_sizeS-300x300College graduates are getting a well-appreciated reprieve from college loan payments. The government is permitting a payment holiday for federal college loans, which reduces the stress on personal finances. This holiday, unfortunately, is short-term. Financial obligations will return later.

 

A Heavy Load

 

College loans are a dark cloud hanging over a person’s head. The balances can take 20 or more years to pay, and many life decisions are postponed or never realized. It is frustrating for any young employee to have a school debt the size of a mortgage. Continue reading

stockfresh_121705_tax-calculator-and-pen_sizeS-300x199Employees are beginning to come back to work and are adjusting to the new normal. Quarantine furloughs were not easy, and the stimulus checks helped make ends meet. These are tough times, but it is an evil wind that blows no good. Now is a good time for folks to put their financial house in order.

The Paycheck to Paycheck Routine

Many have no idea about budgeting. They exist from paycheck to paycheck and they have no concept of their cash flow. Terrible habits jeopardize financial wellness. Good advice and guidance help a person become more fiscally responsible. Countrywide Pre-Paid Legal Services has a benefit that assists people with many financial wellness issues.

stockfresh_1104622_falling-credit-cards_sizeS-300x200The COVID-19 pandemic will leave behind a severe legacy: large credit card debts. People who were quarantined are dependent on plastic; it is used for everything. Medicine, groceries, and other necessary purchases are charged on the card. Credit card companies inadvertently made the problem worse by being lenient with late payments. Those days of leniency are ending. Consumers are starting to face a grim reality.

 

The financial wellness of many employees is at risk. Minimum payments could swallow most of a paycheck and make other bills harder to pay. Employers can help relieve stress with the right benefits. Countrywide Pre-Paid Legal Services has a program that provides the proper assistance.

 

There Is Hope for Financial Wellness  Continue reading

road-to-recovery-300x300America is still faced with coronavirus and the consequences of the quarantines. People are starting to come back to work, but there is always the cost of being furloughed and not receiving a full paycheck. 

 

The government has been helpful with stimulus packages, but these are starting to dry up. Many employees are about to face the consequences of the past few months. It can include filing for bankruptcy. Continue reading

stockfresh_1104622_falling-credit-cards_sizeS-300x200America is beginning to recover from the coronavirus quarantines. People are practicing social distancing and are getting back to work. There is a new normal in society and it is healthy. There remain some of the problems people had before the pandemic and the issues are beginning to get out of hand. Some people need to cure themselves of a dependence on credit cards.

 

It Was not Irresponsible Spending.

 

It was all innocent at the start. People were stuck inside their houses and the shops were closed. Instead of going out to the store, folks began to use Amazon for shopping and asked the supermarkets to deliver groceries. Everything was paid with credit cards online. It became so easy that many became accustomed to doing everything online and sometimes overspending. Continue reading

stockfresh_5532754_home-mortgage-concept_sizeS-300x300The pandemic is causing considerable depression. People worry about their future and wonder if any dreams will come true in the current circumstances. Buying a house is something many young employees want to do. They are afraid this wish might be just a fantasy.

 

There Are Some Challenges

 

Furloughs and quarantines are digging holes in savings. The money that was intended for a down payment on the house is being eaten up by daily needs-even those who are getting back to work face some problems. Continue reading

stockfresh_1701311_stethoscope-and-dollar_sizeS_f73430-300x200COVID-19 has alerted everyone to the importance of personal health. Folks are wearing masks and practicing social distancing to avoid infection. These new habits are good developments and employees are taking better care of themselves. One critical activity everyone should do is prepare financially for any medical bills.

Guarding Financial Wellness

We are not suggesting employees will come down with a case of coronavirus. There can be some sizable future medical bills they have not adequately prepared for. Deductibles of $5000 or more will challenge budgets. Surgeries and medical treatments may overlap a year, causing sizable debt. Employers could use some guidance preparing for medical procedures, especially those working from home. Countrywide Pre-Paid Legal Services has a financial wellness plan that assists in financial preparation. Continue reading

stockfresh_7102501_college-debt_sizeS-300x300Employees are starting to get back to work. Quarantines are gradually being lifted as business establishments are allowed to reopen. It is a great relief for many people, but there are still some issues to be addressed. Financial wellness is still resting on unstable grounds.

 

The College Debt Is Not Going Away

 

Many young employees financed their college years through substantial loans. They are now faced with monthly bills that must be paid eventually. Some will use forbearance but that only delays things. The size of many college loan debts is equal to a home mortgage. It is tough for many young people. Continue reading