All About Medical Debt

Medical debt is the leading cause of filing for bankruptcy in the United States. Medical debt can be accrued in a number of ways, but is most often due to a lack of proper health insurance or unforeseen medical conditions and emergencies that are not adequately covered by insurance policies. With the advent of the Affordable Care Act many people are hoping that this trend will not continue, but as of right now it remains a very real and pressing concern for millions of Americans, many of whom are faced with overwhelming debt and unsure where to turn.

Reasons for Medical Debt

A recent study showed that 62% of households facing major debt cited medical debt as a big part of their problem. These debts come in the form of unexpected emergency room visits, which can be expensive even if a person has health insurance and are prohibitively so if the person does not. They also come in the form of dental work, which is a separate kind of insurance not generally covered by basic health plans. Dental work can easily run into the thousands

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Tips Saving For College Bill

Fall is in the air-no, wait, it’s hot humid and summer-like. Okay, fall isn’t quite in the air but the fall semester for school is gearing up; especially for those college-age children. Parents of college-age children all around the world have almost physically felt the sprouting of more grey hairs due to the surmounting college bills that are rolling in. So what can these financially stressed out parents do to rein in somewhat those college expenditures?

Here are a few ideas that may help with those oh so tight college budgets. Unfortunately, these won’t be able to help with all the sticker shock for parents sending their children off to college but there are a few areas that a little frugality can make a difference; such as saving on textbook purchases. Try these textbook-saving ideas and maybe you can feel a little financial relief in your college spending.

• – Parents and students trying to find and purchase for reasonable prices the long list of college textbooks can find relief when browsing through this site. This site has one of the

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Save Money and Enjoy Life

Did you know that there are some simple ways to save money by doing ordinary things? There most certainly are! What in the world am I talking about? I will explain in this article.

My first tip is for when you go grocery shopping. Are you aware that the generic brands of the foods you normally buy are just as tasty as the name brands? This is true! In fact, very often the generic (or store-name brand) of a particular food item tastes better than the big name brand. Best of all they cost far less. Also at your supermarket, do not be afraid to buy whatever items they have on sale at the time. You can pick up some really great stuff this way. Remember to clip coupons out of your weekly local newspaper. Chances are good that your supermarket advertises in there. You can find out what is on sale and clip your special coupons at the same time.

Tip number two. Do not be afraid to shop at your neighborhood dollar or thrift store! Whether it is a big store like Walmart or

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All About Corporate Credit Card

When used wisely, corporate credit cards can definitely help businesses simultaneously achieve career goals and reap personal perks. On the contrary, this can lead to a corporate free-fall when used poorly.

Corporate credit cards are different from both personal and small business credit cards. These are offered only be a few issuers. Generally, such accounts are established by businesses by utilizing a banking relationship or through a deal negotiated directly with a card issuer. In order to develop such kind of relationship, the company’s credit will be considered.

Companies may give their employees with corporate credit cards for the payment of business-related expenses, which are often travel-relation. Though it is often issued in the company’s name, be aware that it can also display the name of the employee cardholder.

They are categorized into 2 – individual payment cards and company payment cards. Those who opt for individual payment cards, they will be the ones responsible for submitting their own expense report. Also, they will be paying the issuer directly for any charges. On the other hand, the employer will pick up the tab for all company-sanctioned changes with the company-payment cards. But for any personal or unapproved charges, the employee will still pay

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Why Credit Report So Important

Your credit report in combination with your credit score is as important as the air you breathe. Without it, you won’t stand a chance or survive in the United States. To most of the country, you are just a number in conjunction with a credit history. It does not matter whether you are good person, volunteer, lie or cheat. It only matters how responsible you are with your personal finances.

The simplest way to find out about your credit history is to order a copy online. You want a website that provides you with information from the three major credit bureaus;Experian, TransUnion and Equifax. These bureaus analyze your financial decision making; both past and present, and put that information into a report. A good website to use that provides this information is It only costs $1 to check and can provide you with invaluable information compiled into a credit report. Your report will not only provide your current credit score, but also your entire credit history.

A credit report acts as your credit references. A positive credit history tells potential lenders that you manage your finances well, i.e. borrow money and pay it back in a timely manner. A negative credit

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Deep Thought About Credit Card

The credit card has become the most convenient and common instrument through which you can make all your payments. These cards have topped the list of modern short-term credit facilities and are proven to be the cheapest form of credit and are easily accessible at any POS point. Keeping all the benefits rendered by the cards, a majority of the population who are in need of short-term credit would like to go for a credit card over the other modes. However, not everyone can choose a card which would optimize the returns from it as very little information about it is available and known.

These cards are generally issued by banks, financial institutions and by some stores. The cards bear a certain credit limit and this limit is set by the issuing companies considering your income, previous credits, and the payment track records. Once you apply for a credit card considering all these circumstances your credit limit will be fixed and each time you make a purchase by using this card the amount will be added to your credit card. You will be given with an interest-free period during which you don’t need to pay any interest on the amount of

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How To Reduce Medical Debt

When you’ve come across an unexpected expense as a result of medical emergency, it’s essential that you don’t panic and decide immediately when your mind is clouded. The first instinct in dealing with medical bill debt is to swipe your credit card and worry about that problem later on.

But experts advise against this method as it will only compound your problems. This is especially true if you can’t settle your credit card debt and it ruins your credit history. Chances are you will find it more difficult to secure a loan in the future on credit card debt rather than medical bill debt, which understandably loaning agencies look at more leniently.

Here are just some of the ways to reduce your medical bill debt:

1. Bargain like your life depends on it, which for all intents and purposes it does. Regardless of the way they are negatively portrayed, doctors and hospitals are actually open to negotiation particularly if your circumstances are dire. If you have a scheduled surgery for example, contact the billing department immediately and ask for a discount. Studies showed that hospitals are willing to reduce medical costs by as much as 70% if you pay in cash.

2. If no

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Finding Help For Medical Bills

The present times have brought us technological advancements that lengthen our life span and make living easier even with debilitating diseases. Nevertheless, these medical treatments also come with steep medical bills. In fact, most people tend to delay going to the hospital in hopes that they don’t need to pay for the hospital bills that come with seeking medical attention. However, when an unexpected accident or a disease comes up, there is no longer a choice left but to go to a hospital. Luckily, there are now different methods and organizations that are willing to help with medical bills. You only need to find which one works the best for you.

  • Ask your hospitals. Typically, hospitals are willing to refer you to their charity service cases, which will help with medical bills by approximately 50-75%. These charity cases exist in return for the decreased tax revenues the government will charge of the hospitals. However, you may need to be in a certain income range to be able to qualify. Another option is to negotiate with the hospital and your doctor by explaining your situation. Most of the time, they cut the costs and you can pay less than you are expected
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Guide To Avoid a Medical Bankruptcy

Did you know that more than half of all bankruptcies are because people are unable to pay their medical bills? This matter cannot be neglected anymore due to the factor that numerous people have to lodge complaint for a bankruptcy due to the expensiveness of medical bills day after day. Something that you need to understand is that in order to avoid a medical bankruptcy you first need to know how you can avoid it and what steps you need to make in order to stay away from a bankruptcy. If there is one thing you do not want to do that would be filing for a bankruptcy because all that is going to do is ruin your credit for 7 years or more and hurt your borrowing power even more than you will ever know.

When it comes to staying on the sidelines of a financial problem of great tips I have for you is simply not to be in a place where you cannot pay for your bills. I know that medical bills are usually unexpected but the fact of the matter is you can not cover too much thinking with respect to payments of others, because everything seems

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Tips On Medical Decision

Let me introduce you to Cari; a teacher, loving wife, and mother of two young children whom was recently diagnosed with crohn’s disease and prescribed infusions. Cari, assumed her insurance policy covered these treatments until she received a bill for close to $20,000, and that was for ONE treatment. She would have to continue these treatments every five weeks!!!!! After not much success, Cari reached out to me in panic, and we managed to get her bill down to $411 with some of the following tips:

1. Get into your Zen: The last thing Cari needed was an ulcer. With a few deep breathes and a plan of action in place, she was ready to tackle this “billing monster.”

2. Get a copy of the itemized bill and medical records: We were able to uncover some billing mistakes, but get a “clearer picture” of what was being done and if there were any options. In Cari’s place, it looked like her insurance rejected part of the bill because the infusion center was not covered by her insurance.

3. Talk to the right person: Some facilities have patient advocates or social workers that can help find other options for payment. Cari was able to

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Tight Budget Tight Salary

Sometimes your salary isn’t paying quite enough to cover all you wish it could. Maybe you got promoted to an exempt position that looks good on your resume, but now that lucrative overtime bonus is gone. You could have been offered benefits that you truly need (medical insurance, for instance), and on paper it all looks good, but in your wallet there’s not enough cash.

This is where that “B” word – Budget – comes in to help.

All the experts start with an honest assessment of where your money is currently going. If you don’t know where your money is currently going, how can you control its flow? Write down all the ugly reality on paper so you can look it in the face and deal with it.

The problem isn’t automatically solved by a higher salary; it is solved by controlling the way you spend what you earn.

You can see this in the sad tale of many lottery winners whose huge chunks of money are gone in a few years or the way even high earners go bankrupt. This means that you have hope because you can control your cash flow by choosing to work with the real numbers instead of

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How Homebuyer Can Save The Money

There are many reasons it would be financially advantageous to purchasing a house. You may have recently graduated from college, are a newlywed, expecting your first child, or have accepted a new high-paying job. There are long-term financial advantages and tax benefits to homeownership, but one of the largest roadblocks to purchasing a house is often the down payment. Below is a list of suggestions that you can use to save money towards a down payment on a new house.

• Create a Household Budget – Write out a list of all your monthly expenses. Go through your checkbook and receipts for the past three months and find out exactly how much you are spending per month. Create a budget that you can live with that limits your expenses. Track your spending, this will help you realize what expenses you may be able to eliminate.

• Open a Savings Account – After creating your monthly budget, devote a certain amount or percentage of your monthly income to savings. Your savings should be used only for special purchases or holiday spending to avoid using credit cards or creating new debt.

• Bank Account Fees – Check your bank statements to find out if you

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Where You Should Spend The Money

A good budget should allocate income for the following four main purposes.

(1) Charitable Purposes

Charitable purposes include:

  • Relieving poverty, sickness or the needs of the aged
  • Advancing education
  • Advancing religion
  • Other purposes beneficial to the community. Examples are charitable giving to the disabled and orphanage.

Muslims practice zakat giving. It is a 2.5% levy on most valuables and savings held for a full year if their total value is more than a basic minimum. In Christianity, a tithe paid as a contribution to the church. Traditionally it is one-tenth of income. Today, tithes are normally voluntary based on the concept of “freewill offerings”. Dana is the practice of cultivating generosity in Hinduism, Buddhism, Jainism and Sikhism.

There are also non-religious organizations that encourage charitable giving to help the needy. Examples are National Kidney Foundation, United Nations Children’s Fund and World Wildlife Fund.

(2) Emergency Fund

During an economy crisis, businessmen may suffer business loss and may lead to lay off employees to reduce expenses. Businessmen need time for their business recovery and employees need time to seek a new job.

An emergency fund is a fund built up to protect you from temporary short-term income loss. If you are employed, emergency fund equalizes your three to six months expenses should

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All About Budget

The budget is the basis for any form of financial stability, from household to business to country.

So what is a budget and how will it help?

It’s not a magic fix to money problems, quite the reverse, it is a tool to help you see where the problems are. If you’re overspending then a budget will help you see where your problems are, but it won’t fix them. That’ll be down to you to spend less. There’s no other way to do it.

But it can make a big difference in telling you where your money is going. That £2 a day on a coffee, £3 on a sandwich and £8 on a pack of cigarettes? That comes to £4745 per year. Surprised? That’s where the budget will help you.

How do you set up a budget?

There are two routes to go down, you can either build your own budget or use a template. I would always recommend building your own budget, it’s tailored to exactly what you want see and is as simple as you make it. The problem with templates is that they can be incredibly hard to customise and get the information that would be useful to you.

That being

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How To Save But Still Entertain

Are you currently looking for an effective way to get rid of your cable subscription? In the past few years, some new alternatives have emerged. These are viable and will allow you to maintain your entertainment, while also saving money! Of course, only one of these options will be right for your particular situation. Below, you will be able to find a breakdown of these options.

Sling TV or KlowdTV

Some demand live television! Unfortunately, there aren’t many ways to watch live television online, without breaking the law. SlingTV and KlowdTV are two excellent options. KlowdTv is a little new to the game, but is quickly establishing itself as a leader. It offers a small number of channel options, but these can be purchased separately, which is definitely cool.

SlingTv is bigger and bolder. With this streaming service, you can watch all kinds of awesome channels, including AMC, SundanceTV and even HBO. Unfortunately, some have reported performance issues with the company’s service. However, they have improved their servers in the past few months, so they’re consistently getting better.

On-Demand Services

Also, there are many on-demand streaming services, such as NetFlix, Hulu Plus and Amazon Instant Video. Each of these is absolutely wonderful in their own

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How To Review Budget

Regardless of whether you opt to become a leader, or prefer to remain an involved, concerned and committed member of an organization, your ability and effectiveness will be positively enhanced, and your actual degree of personal responsibility, is often directly related to your willingness, ability and understanding of the essentials of organizational budgeting. While nearly every group mandates creating and approving an annual budget, very few do so in a way that actually makes the group more effective. Wouldn’t it make sense, therefore, if groups dedicated time and effort, to training their constituents, and especially their leadership (and most involved and concerned members), to all the essentials and necessitates of the various aspects of budgeting, and how to use it effectively? With that in mind, this article will briefly discuss five things you should know and understand, before you prepare, consider and review a budget.

1. What are the needs, priorities and goals for the organization? Budgets should never be created in a vacuum, but rather must be tools for evaluating needs and priorities, and allocating the best proportion of time, money and other resources, in the most efficacious manner. Since effective groups constantly evolve, this is a significant reason why

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Easy Tax Preparation

We all know that preparing for tax day is a daunting task. There are certain tips you can follow to make your tax preparation manageable. Here are five of those tips to make the process seamless.

Keep the Two Worlds Apart

As a general rule of thumb, you want to keep any new projects or jobs separate from what you’ve already got going on. You don’t know how successful your new business will be, so play it safe and keep a separate bank account for all of your dealings.

Hiring Employees vs. Subcontractors

Part of tax preparation is making sure that the proper forms are signed. Not only is it crucial to hire those who will make a difference in your company, but you also want to make sure you’re having them fill out the proper paperwork. There are two main forms, the W2 and 1099 for subcontractors.

Employees are those who work scheduled shifts and are paid on payroll, while freelancers come and go as projects are needed. The W2 should be given to the regular shift worker. If you fail to provide the proper paperwork, you could face hefty penalties. Be sure to understand the type of workers you have and which paperwork

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Factor Of Tax Policy

Globalization has been an increasing trend for businesses looking to expand. By growing into foreign markets, a company expects to increase revenue and earnings to stockholders over the long run. As this has happened, globalization has made taxation more complex than it had already been. Countries developed taxation in attempt to grow domestic economies; however globalization has changed the design of certain taxes and the extent of compliance. Some nations have chosen to raise taxes, while others have lowered tax rates to attract individuals and businesses in an effort to boost the domestic economy. Taxes are put in place to have individuals and corporation paying their fair share, but that is not what is happening in many areas around the world.

The mobility of capital across nations is leading to less revenue through taxation. In The Impact of Globalization on the Characteristics of European Countries’ Tax Systems, Lukovi cites a belief that taxation should be implemented using a multilateral approach instead of a unilateral one. This would certainly help the effectiveness of taxation across foreign borders, but still would not solve all problems. Around the globe, countries are at different stages of development, thus have different ideas on how to implement

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How To Manage Your Tax

It seems like every year there are more do-it-yourself tax preparation software options as April 15th draws close. While there are plenty of reputable, efficient, and convenient options, an informed consumer should consider the pros and cons of e-filing before going through with it. For many people, the cost of hiring a certified public accountant or other professional to handle your tax preparation is greater than the return. If you do choose to file for yourself, you should know the pros and cons and be wary of common pitfalls that can trip up even the most intrepid of self-reliant DIYers.

The pros of self-filing are probably self-evident. The biggest benefit, of course, is that you’ll save money, at least up front. It is also a good way to acquaint yourself with your personal finances and take a hard annual look at your income, spending, and budgetary practices. Some people also get a certain peace of mind out of it. You know the saying, “If you want something done right, do it yourself?” Well, that’s all well and good, but it certainly has its limits. When it comes to yard work or thank you cards, it’s a solid philosophy. Open-heart surgery, on

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