woman reviewing legal documentsAnyone who has tried to read a legal document knows those papers can be confusing and difficult to understand. That is why a person is smart to have an attorney review any legal documents before they sign them. An attorney can help explain the document in plain language and point out any areas that may be cause for concern. In addition, the attorney can offer advice on how to ensure the paper meets an individual’s personal needs. Legal document review helps avoid problems down the road.

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young woman creating a budgetCreating a budget may seem like a major task, but it is an essential first step in getting finances in order and establishing conditions that promote financial wellness. Moreover, it is not as difficult as it may sound; all anyone has to do is follow a few simple steps.

Address the Necessary

First, a person should list their income sources and expenses. It includes regular costs such as rent or mortgage payments and variable items that include groceries and transportation. Individuals can then begin developing a budget that makes sense for their current situation and lifestyle. If expenses exceed income, a person must find ways to cut back on costs.

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stockfresh_5140310_business-still-life_sizeS-300x200A personal asset inventory is a list of an individual’s financial assets. It can include savings accounts, investments, real estate, collectibles, and vehicles. The purpose is to get a clear picture of an individual’s financial situation. The information can be helpful when a person applies for a loan or tries to reach financial goals, such as a down payment for a house.

 

It is easier to make informed decisions about financial matters by knowing what assets are available. Additionally, a personal asset inventory promotes financial wellness by offering a clear view of an individual’s financial picture.

 

Compiling a personal asset inventory starts by making a list of all physical and financial assets. Each asset has an estimate of its value attached to it. When the inventory is complete, a person can use it to assess their financial wellness and make necessary changes. You can think of an asset inventory as a means of improving long-term financial security. Continue reading

stockfresh_2662466_last-will-and-testament-concept-of-estate-planning_sizeS_124228-300x196A simple will is the best way to manage an estate. The document outlines who will receive what at the time of an individual’s death. There are clauses to this document; however, that must be there to validate the contents.

Necessary Information

We are not talking about the distribution, but essential information used for identification. These include:

  • full legal name and date of birth.
  • a declaration that the individual is of sound mind and body.
  • the name of the estate’s executor.
  • the person’s signature and the signature of two witnesses.
  • Finally, the list of assets and how these are to be distributed upon death.

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stockfresh_2912650_what-do-i-do-now-thinking-person-thinker-question_sizeS-297x300Money is too tight to mention these days. Many folks have difficulty making ends meet with the rising cost of everything. It is sad, but some are in such a bad financial situation that bankruptcy is the only way out. This is an embarrassing proposition for many people, but for a young employee, it is frightening.

Bankruptcy is a very different world. Unfortunately, those who do not know anything about it are the ones who will suffer the most anxiety. However, there are some things about this financial procedure that anyone facing bankruptcy should know before they decide to go through the filing. Continue reading

stockfresh_132712_senior-couple-meeting-with-agent_sizeS-300x202Trying to get service from a government employee can be frustrating. But whether you are dealing with the DMV, your state’s tax agency, or any other government office, it is important to remember that these employees are people too. With that in mind, here are a few tips on how to get the service you need from a government employee.

  1. Be polite and respectful.

It might be tempting to let any frustration show, but this will only make the situation worse. Remember, government employees are people who deserve to be treated with respect. Continue reading

stockfresh_6129921_composite-image-of-festive-brunette-shopping-online-with-tablet_sizeS-300x200The holiday season is a time for family, friends, and fun. Unfortunately, it is also a time when many of us overspend. According to a recent report, the average American will spend $1,052 on Christmas gifts this year. If someone is not careful, all that holiday cheer can quickly turn into holiday debt that harms financial wellness. Here are a few tips to help avoid overspending this Christmas.

Create a Budget

  1. The first step in managing Christmas debt is to create a budget. Sit down and lists all the anticipated holiday-related expenses, such as gifts, travel, party supplies, etc. Then, allocate a certain amount of money to each category. Once that is done, make sure you stick to your budget! It can be tempting to overspend when you are out shopping for presents, but if you stick to the budget you set for yourself, you will thank yourself come January.

vacation-rental-home-warranty-300x300-300x300Big ticket items are part of holiday spending sprees. Washers, televisions, personal computers, and even cars are on the shopping lists of many folks. Merchants often follow up big purchases with the option of a warranty for the buyer to consider. It can be tempting, and a consumer should know the essential clauses of a product warranty.

  1. The “Exclusion of Consequential and Incidental Damages” Clause

One clause often included in product warranties is the exclusion of consequential and incidental damages. This clause limits the amount of money the buyer can recover from the manufacturer if they experience damages due to using the product. Continue reading

stockfresh_1345661_happy-family-near-new-house_sizeS-300x200The housing market is rarely quiet, and recently there has been a lot of concern about the affordability of houses. If it is not the sales price, the mortgage interest rate is driving buyers crazy. As a result, some people are wondering if they could ever afford a home of their own. Do not worry; it is still possible to buy a house.

An individual can maintain financial wellness, too. There are means by which a first-time home buyer can go into the unexplored territory of a housing market and buy that dream home. Some ways that can make a house affordable are more than simply saving a lot of money for a down payment. Here are a few to consider: Continue reading

stockfresh_215939_questions-and-answers-signpost_sizeS-300x200The government can be an excellent resource for young employees. There are many programs and benefits available to help someone get ahead. But how do you know what you need? And how do you go about getting it? Here is a guide to help you get the government help you need.

 

  1. Know what you need. The first step is to know what you need. The government offers many programs and benefits, so you want to ensure you get the right one for your needs. You can research online or talk to a government representative to find out what is available.

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