Know How to Pay for a Surprise Expense

No matter who you are and where you live, it’s important to have a plan in place to cover $1000 – $2000 worth of emergency expenses at any given time. You may be thinking that this doesn’t apply to you because you just can’t afford to have that much savings on hand or because you currently have to pay off debt, but it’s still wise to work at making it happen.

If you live paycheck to paycheck and don’t build up a fund for emergency expenses, you may find yourself stuck in a tight spot. For example, if you get ill and have to take time off from work, you won’t be able to pay your bills. And even if you rarely get sick, an emergency could happen. Maybe your car gets hit and the insurance won’t cover it, or maybe you’re unexpectedly laid off, and unemployment isn’t enough to cover your normal cost of living.

So, the first place to start is to consider saving money by regularly making deposits into a savings account. It doesn’t have to be an astronomical amount, but if you can set aside even $25 per week, you’ll build up funds before too long. Most people can afford that even if they’re on a tight budget; you just need to assess your “extras” and cut back a little bit, like maybe one less time of eating out per week.

If saving money and putting it into an account isn’t an option, there are other ways you can build up an emergency fund. You can consider borrowing money from others. It may be through a business lender such as a bank or from easy cash loans to apply for provided by private lenders. In that case, you can borrow the amount that you need and then pay it back at a fixed rate that you can afford.

There are two possible paths forward from this juncture. One is to borrow the money up front to build your stash and then budget the repayment amount without taking away from your savings. Or, you can wait until an emergency arises before borrowing money, and pay it back after that.

There are pros and cons to each of these. In the first approach, you incur a debt that needs to be repaid before the funds are even needed, but it’s a short-term debt, and once it is repaid, you’ll still have the emergency funds available to you. In addition, if an emergency hits, you won’t need to scramble to find the money to handle expenses.

With the second approach, you don’t incur the debt until the money is actually needed, but it can be a hassle if you’re short of cash and the process is delayed. If you find that borrowing funds isn’t working out, you’ll be facing a new dilemma.

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Most current News, Photos, Videos On Money Robbery

Money RobberyHORRY COUNTY, S.C. — A 7-year-old South Carolina boy discovered a hidden stash of money from a current bank robbery during a trip to the toy shop with his father. The clearance price for bank robbery is amongst the highest of all crimes, at practically 60%. Consequently, several bank robbers are caught the very same day. The Australian Institute of Criminology analyzed trends in bank robbery more than a 4-year period. Unarmed gangs inflicted the most injuries to victims (51%) and failed the least in their robbery attempts (6% failure).

Bank robbery is the crime of stealing funds from a bank , when bank workers and customers are subjected to force, violence, or the threat of violence This refers to robbery of a bank branch , as opposed to other bank-owned property, such as a train , armored vehicle , or (historically) stagecoach It is a federal crime in the United States.

Of the 808 bank robbery incidents amongst January 1998 and Could 2002 in which the quantity of offenders involved in the hold-up was recorded, 55% have been committed by lone offenders, 25% by pairs, and 20% by three or far more robbers. A masked man poses as a bank robber for the duration of a demonstration of a German device that protected money and sounded an alarm during a robbery (1931).

This has benefits both for bank robbers and for law enforcement In urban regions the transportation infrastructure is more very created, specially where banks have a tendency to cluster near retail buying locations and commercial districts Such banks are very lucrative targets for robbers, who are then afforded a quantity of possible escape routes.

Unarmed offenders accounted for 28% of robberies, triggered the fewest quantity of injuries to victims (a single percent of all victims’ injuries), had been the variety of robber who most normally used a note to threaten bank employees (46% of all their robberies), and failed most often in their robbery attempts (33% failure).… Read more ...