Major Life Challenges Blog Series

We are taking a closer look at some of the big issues we all can face in our lifetime. Each topic will be featured as a blog series.

Medical Emergency Strikes: Loss of Income How to Cope

  • Comments 26

No one expects to get sick or be injured in an accident but sometimes life throws us those curveballs. So, before you panic and think the worse will happen take a deep breath and asses your situation.   

If you or the other working party in your family is down and out and unable to work you are probably going to need to make some adjustments to your current lifestyle and budget. A reduction in income when things are already tight can be devastating to a family's finances. The best way to handle the situation is to face it head on and right away. 

Your new budget 

As I mentioned your level of income will most likely change and your first task should be to determine if your new income will cover your existing expenses and Medical Emergency Strikes: Loss of Income How to Copeadjust your budget. Take a look at your existing expenses and see where you may be able to cut back. 

  • Rent/Mortgage
  • Electricity
  • Heating Oil or Gas
  • Water/Sewer
  • Cable/Satellite
  • Phone/Internet
  • Cell Phone
  • Transportation costs
  • Car insurance
  • Dining Out
  • Groceries
  • Clothing and Laundry
  • Doctor co-pays/Prescriptions
  • Entertainment
  • Gifts/donations
  • Health/Life insurance
  • Emergency Savings
  • Other Savings 

Alert your creditors 

Honesty is always the best policy and the same is true when dealing with your creditors. This is not to say they will all be willing to help but, you may be surprised how willing they are to work with you. Here are a few tips for dealing with your creditors: 

  • Talk to the right person.  Make sure you are speaking with someone who can help you. My experience is requesting to speak with a supervisor or manager from the get go yields better results as they have the authority to make the decisions.
  • Avoid collection calls.  If you can come to an agreement you can avoid the hassle of dealing with harassing phone calls from your creditors.
  • Request new payment arrangements.  You can request smaller payments over a longer period of time or possibly interest only payments.
  • Don't over promise and then under deliver. When making arrangements make sure you will be able to come through with them.
  • Follow through.  Whatever agreement you come to get it in writing before you send payments. Not being on the same page with your creditors could cause problems such as being reported as late or not paying as agreed on your credit report. 

Prioritize your bills 

When things are tight deciding who to pay first can be a difficult task. Keep this in mind: 

  • Missing your mortgage or rent payments may cause you to lose your home.
  • Failing to pay your utility bills may result in shut offs.
  • Failing to pay your car loan may result in repossession.
  • Failure to pay your credit cards usually means collection calls and a damaged credit rating. 

So be sure to pay your living expenses first and then devise a plan for paying your remaining creditors; credit card companies, medical bills, etc.  

Hold a family meeting 

While involving your children in your every financial decision is not necessary and probably not something you should do, helping them understand your new financial situation is important.  Things will probably need to change and if they no why they may be more likely to have buy in and help in any way they can. Working together as a family to cut back and save money may even bring you all closer together. 

A medical emergency will be difficult enough for you and your family to deal with; don't let your finances add fuel to the fire. Take control right away; adjust your budget, talk to your creditors, and sit down as a family to discuss the changes.

To Read More Post From our Blog Series; Medical Debt, Expect the Unexpected, click here.

Suzanne is a certified credit counselor and a Social Media Specialist for CareOne Debt Relief Services. Suzanne writes for Divorce, Debt and Finances and Major Life Challenges. Follow Suzanne on Twitter @ADivorcedMom where she shares her insights as a single-divorced mom with tips and tricks to keep your finances in check. 

Your comment has been posted.   Close
Thank you, your comment requires moderation so it may take a while to appear.   Close
Leave a Comment
  • * Please enter your name
  • * Please enter a comment
  • Share
  • I've just used this guy's services and he's a legit black hat hacker, he can handle social network hacks, emails and school grade hacks, he's actually the real deal, I was initially skeptical as I already got scammed before but he did come through, his email is lawsonmichael33@yahoo.com and you can also text him on +1 646-652-6107

  • Hey if you ever need to get into your spouse’s account, improve credit points, clear criminal records,tax, protection from spyware or simply have a score to settle or any other issues that need addressing, completely secure and fast!! I have been in desperate need of a genuine hacker for a very long time, throughout my search i came across quite a good number of fakes who ripped me off of my hard earned money. However as fate would have it i was lucky to have been put in touch with an European hacker nerdycyberhacker13 at gmail dot com he does all sorts of hacking you can think of and he does all this for very reasonable prices, also you’re guaranteed a very excellent service. Please i am only sharing this information for the serious ones out there who are really in genuine need of a trustworthy and very efficient hacker. Do mention the name Mike, contact him at, nerdycyberhacker13 at gmail dot com when contacting him because he can be very wary which is very understandable good-luck. text him on 262 416 1563

  • Hi, my name is Pearl Oscar I am from Sydney Australia. with this tears of joy and happiness in my heart i want to say thanks to this great man Jonny Belter: hackwithjonny at gmail dot com for what he has done for me , This is my story i was 29 years old when i married my husband and we were both living together happily no fighting, but i was not really comfortable with the marriage.  after 7 years of marriage I began to think about my husband always going to the US for businesses without taken me for one day because I never been to the united states and I really want to visit and see places like Las Vegas and Hawaii. Whenever I talk about going to the United states he keeps ignoring my request until I started feeling that something is wrong because my husband never denied my request. On this faithful day I stormed his iphone X that my husband refused to allow me then I decided to hack his cellphone which I had to go online to make for a research so while I was searching I saw a post by Amanda Josh about how good Jonny is with his hacking skills so I contacted him for a solution to my problem. it took me 2 days to get to him after I sent him an email for the hacking job.  According to him his good at any cyber hacking but I contacted him based on iphone hacking which he did an amazing job that I could not believe myself and then I got to see every conversation between my husband and Jennifer Killer who resides in Alabama United states which she and my husband are planning to get married by summer in Barcelona Spain but thank God for this great man that opened my eyes to see all his plans and flied for a divorce immediately. Want to use this opportunity to say thank you to Jonny Belter for his good job. I will recommend him to anyone that wants to run any cyber hacking to contact him and be happy because his the man of the year and he has a good sense of humor. Please everyone should contact Jonny Belter  hackwithjonny at gmail dot com . bye

  • Hi everyone, I came across this amazing hacker online called Jenny Blackhat and he did an amazing work on my husband's iphone X after I had the feeling of him cheating on me with a friend of mine. This has been going on for the pasted 3 months before I came across Jenny blackhat who give me the option of a full cell phone hack that I got access to every information both deleted information of his chats with her. Thanks to jenny and feel free to contact him on kennyblackhat@hackermail.com 717–388–3985 if you are interested to work with him. Katie Russell is my name.

  • Do You Seek Funds To Pay Off Credits and Debts? { FIFOCapitals@gmail.com  } Is Here To Put A Stop To Your Financial Problems. We Offer All Kinds Of Loan (Personal Loan, Commercial Loan, etc.) We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: FIFOCapitals@gmail.com

    Please Fill the Application Form Below:

    - Complete Name:

    - Loan Amount Needed:

    - Loan Duration:

    - Purpose Of Loan:

    - City / Country:

    - Telephone:

    - How Did You Hear About Us:

    If You Are Interested To Get A Loan Then Kindly Write Us With The Loan Requirement. Please, Contact Us via email: FIFOCapitals@gmail.com

  • Do You Seek Funds To Pay Off Credits and Debts? { FIFOCapitals@gmail.com  } Is Here To Put A Stop To Your Financial Problems. We Offer All Kinds Of Loan (Personal Loan, Commercial Loan, etc.) We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: FIFOCapitals@gmail.com

    Please Fill the Application Form Below:

    - Complete Name:

    - Loan Amount Needed:

    - Loan Duration:

    - Purpose Of Loan:

    - City / Country:

    - Telephone:

    - How Did You Hear About Us:

    If You Are Interested To Get A Loan Then Kindly Write Us With The Loan Requirement. Please, Contact Us via email: FIFOCapitals@gmail.com

  • ​if you are having a low credit score or battling with negative listings,collections and repossessions on your credit report,i'll recommend you contact Q U AD H A C K E D  at G M A I L dot C O M today. They are very credible hackers who helped with my score under almost three weeks of approval, i was able to obtain a good credit rating for a  loan to secure the purchase of my house downtown they helped me remove bankruptcy i had  . i'm just so glad things like this are possible these days if you get the right source . reach out to them today for your credit repair service by sending an explanatory message to their e mail today.

    Q U A D H A C K E D @ G M A I L . CO M .

  • I always wondered how I could boost my score after constantly getting ripped off by lenders,credit card companies and banks due to my poor credit..But QUADHACKED came through and I can’t thank this dude enough..He changed my life and now I can boast of having a home all thanks to him.He can fix your credit report and increase your scores in 2 weeks yes I just said that!! Hit him up on his work email QUADHACKED(at)GMAIL(dot)COM .

  • I'm so happy to share to you how I got my blank atm card from MR CLIFFORD. My blank ATM card can withdraw a maximum amount of $40,000 daily. I got it from Him last week and now I have $ 550,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on really happy with MR CLIFFORD because two people took my money not knowing that they were scams. But happy now.MR CLIFFORD sent the card through DHL and I got it in two days. Get your own card from him now he's not scammer pretending to have the ATM card, he's giving it out for free illegal but it helps a lot and no one ever gets caught. I'm grateful to MR CLIFFORD because he changed my story all of the best . MR CLIFFORD'S email address is(cliffordhackerspays@gmail.com)....

  • CLASSIC CYBER HACKS

    How well are you prepared for a Cyber incident or Breach?, Is your Data safe?

    Strengthen your Cybersecurity stance by contacting CLASSIC CYBER HACKS for a Perfect, Unique, Classic and Professional Job in Securing your Network against all sort of Breache, for we are Specially equipped with the solution you need to have All your Cyber Hack needs met

      We specialize in All type of cyber Jobs such as:

    #TRACKING of GPS location, cars, Computers, Phones (Apple, windows and Android), e.t.c.

    We also track E-mail account,  Social media such as Facebook, Twitter, Skype, Whatsapp, e.t.c.

    #RECOVERY of Passwords for E-mail address, Phones, Computers, Social media Accounts, Documents e.t.c,.

    NOTE: we also help Scammed persons recover their money.

    #INSTALLATION of Spy ware so as to spy into someone else's computer, phone or E-mail address and also Installation of Spy ware software on your individual O.S to know if your Gadget is being hacked into..

    We also Create and Install VIRUS into any desired computer gadget.

    #CRACKING into Websites and Data base of both Private and Govt organization, such as Schools, Hospitals, Court houses, The FBI, NSA e.t.c

    NOTE: We specialize in clearing of CRIMINAL RECORDS of diverse types.

    * We assure you that your Job will be attended to with care and efficiency as it will be done in no delayed time.

    #We also have a forum where you can get yourself equipped with Advanced hacking Knowledge and Also if you're Good with Hacking and you think you can Join our Team of sophisticated hackers, you're welcome as well...

    At CLASSIC CYBER HACKS, we give you the Best service in the Hacking world.

          *We're Classic hackers*

    Write us on:

    *Classiccyberhacks@gmail.com

    *Classiccybernotch@gmail.com

    Signed,

    Collins .A.

  • If you really need a professional hacker to hack your cheating boyfriend's/girlfriend's/spouse phone, whatsapp, facebook, bank account hack etc. Or credit score upgrade, I would recommend

    ETHICALHACKERS009@GMAIL.COM

    WHATSAPP +18456436145

    He has proven to be trustworthy, His jobs are fast and affordable. He has carried out over 3 jobs for me including helping me hack my ex wife's mobile phone and i can't forget when he cleared my credit card debts and improved my credit score to 750. I can put my money on him at anytime!. He's one of the best out there. Spreading the word as my little favor to him for all he's done. Thank me later.

  • They are all scammers, they will make you pay after which they will give you an excuse asking you to pay more money, they have ripped me of $2000, i promised i was going to expose them.

    I figured it all out when my colleague took me to Pavel

    (HACKINTECHNOLOGY@GMAIL.COM)

    whatsapp/cell +1845 643 6145

    He did perfect job, he hacks all accounts ranging from (Emails, Facebook, whatsapp, imo, skype, instagram, Phone cloning, DMV removal, tracking locations, background checks Kik etc. he also hacks cell phones, cell phone tapping and cloning, clears bad driving and criminal records, bank transfers, locates missing individuals e.t.c. You should contact him and please stop using contacts you see on websites to execute jobs for you, you can ask around to find a real hacker.

  • Do you need a hacker? Do you need to keep an eye on your spouse by gaining access to their emails? As a parent,if you want to know what your kids do on a daily basis on social networks (This includes acebook, twitter ,instagram, whatsapp, WeChat and others to make sure they're not getting into trouble? Whatever it is,Ranging from Bank Jobs, Flipping cash, Criminal records, DMV, Taxes, Name it,he will get the job done.He's a professional hacker with 20 Years+ experience.Contact him at dragonhhacker@gmail.com or text to (862) 404-1374 …Contact him and Its done.Tell him Daura referred you

  • James IS AN hacker who  offer best quality professional hacking services that can’t be matched with other hackers. I am a professional hacker with the most advanced hacking technique to hack Social media, Email accounts, SmartPhone, Website, Database and many more. Also you can request for customized hack. These days hiring a professional hacker is difficult. You might get scammed for wrong hacking services or by fake hackers on the Internet. Don’t get fooled by scammers that advertising false professional hacking services. Some noteable services above that I'm providing 100% gurantee of success. Hit me up through; HACKINTECHNOLOGY@GMAIL.COM or text+16692252253

  • I remember my experience with hackers i contacted online, i almost lost hope in finding out if my husband was loyal to me and has been loyal in our 20 years marriage,I lost a lot of funds in paying these so called hackers so i made up my mind that if i get scammed again i'll just forget about finding out what God doesn't want me to know, Then i saw reviews about ( mikejosh@cyber-wizard.com ) and decided contact him and  if and if i hear any stupid excuse won't contact anybody and just accept that God doesn't want me to then he proved to me that he isn't a cheat by working a sample job for me but to my greatest surprise he did the job and sent results to me fast, i was so happy but sad part was i divorced my husband, and i will drop an advise for people who wants any kind of hacking services stopped being scammed by people who impersonate being hackers, contact ( mikejosh@cyber-wizard.com ) for a fast and clean job.Thank me later.

Page 1 of 2 (26 items) 12
Your comment has been posted.   Close
Thank you, your comment requires moderation so it may take a while to appear.   Close
Leave a Comment
  • * Please enter your name
  • * Please enter a comment
  • Share