Causes of financial crisis

Cost of living beyond their means

After a few years, even a few months to months of negative cash flow lead to the financial crisis and will require overcoming significant changes, follow up, what you spend too much.

To save regularly, even a bit 'of both, will give you a cushion you can rely on something unexpected happens. This means thinking crazy to save before you find a great how to buy the latest plasma TV or ways to save on small thingsSpend money every day. Your savings will give you greater flexibility in the choice of life and a financial cushion if something goes wrong, it could.

Divorce

Divorce means spending more, while the lowest income. Divorce was established in legal fees, moving expenses and a variety of other tasks and just start adding. Furthermore, it is possible for the debts that your spouse earns, payments shall be subject to tax in a car or other common casesEffort.

To ensure that you are in the best position when the divorce is done, your credit card just in time for the payment and keep the balance of responsibility. Do not pay all expenses, such as their common name, and make sure that the products in common in both names.

Divorce is a stressful time, and you can, like splurging on yourself to feel. To keep these impulses in check, understand, look where you want to be financially in a year. After reduction of the debt orHigher savings to trust.

Loss of jobs

With the inevitable fluctuations of the U.S. economy and changes in business strategy, America, many Americans have lost their jobs during their lifetime. Unemployment is never pleasant, and can exceed the debt and, therefore, can improve all the other things in life to stress that the debt as a cause of divorce.

Most financial experts recommend at least three months afterdisposable income and are saved for emergencies, like unemployment or divorce.

According to the labor market and the overall health of 'economy, easy work three to six months - or longer. Be sure to apply for unemployment with us, and that the benefits of mitigating the effects of unemployment. If you know in advance that your company may limit the reduction or termination, spending and reduce spending.

Not paying bills late or regarding furtherRate. If you can not pay all your bills in full contact with your creditors before agreeing to return, your situation and ask for a payment plan that allows you to pay what you can.

If you pay for a job with less than his earlier work, adjust the revenues and reduces total cost of a realistic plan for debt repayment during periods of unemployment.

Unexpected expenses, health or medical expenses

When a health crisis or medical sample, you may or your familydevastating, both financially and emotionally. If unemployment, loss of revenue from medical costs, which can be more stressful. Even with the cooperation of insurance payments add up very quickly. Identify where you can not cut essential and ensure that they are not made major purchases.

Keep track of medical expenses and medical expenses carefully. Accounting errors - both from healthcare providers and insurance companies - are not rare and may add unnecessarily to their costs. In addition, all options for payment.To review the invoices to ensure they are correct.
If you have health insurance, check each benefit statement to ensure you will receive insurance cover for all benefits the plan provides.
If you have any health insurance, please ask your hospital or provider of health care programs, free care or discounts.
If you are unable to pay medical expenses under the terms of repayment options, contact your doctor, hospital, doctor or a payment plan.
Ifcan not pay the bills of others at all, let your creditors know your situation as quickly as possible and request for payment within realistic work plans, so that no additional costs to the end.