| When you bought your home you might have had | | | | at your car insurance. Obviously, you will |
| a wonderful job with great benefits, a | | | | need car insurance, but do you really need |
| company car, and maybe even an inheritance | | | | the same kind of coverage you had when the |
| that helped you with the down payment. Now, | | | | car was new six years ago? You may be able to |
| your financial situation has changed and | | | | free up some funds by adjusting the services |
| perhaps you have gotten married or become a | | | | to which you subscribe. |
| parent, the great job was outsourced and you | | | | |
| had to settle for something else, the company | | | | If you have cut and pruned your budget but |
| car is gone and you have a car loan, and at | | | | there is still a foreseeable shortfall, you |
| the end of the day there does not seem to be | | | | will need to seek ways to increase your |
| enough money to go around. You might have | | | | income. Obviously a second job is a good |
| begun to rely on credit cards and in some | | | | idea, but perhaps there are other avenues as |
| ways you are robbing Peter to pay Paul every | | | | well. Are you able to qualify for tax refunds |
| month but you can tell that this kind of | | | | that you have not explored? Are there write |
| financial planning is catching up with you. | | | | offs that you might be entitled to but have |
| Mortgage arrears are just around the corner | | | | not applied for? Are you getting the |
| and you are afraid of what will happen when | | | | homeowner exemption you should have? Are your |
| you cannot pay that high mortgage payment | | | | taxes too high because the taxing authority |
| anymore. | | | | has overvalued your home? Asking these |
| | | | questions may help you to find ways to keep |
| Probably the best way to head off possible | | | | more of your hard earned money. |
| mortgage arrears is to get a clear picture of | | | | |
| your financial health. Writer down every | | | | Similarly, do you have a hobby that perhaps |
| penny that comes in and every penny that goes | | | | you could turn into a little freelance |
| out. Next, you will need to shift your | | | | business? For example, if you enjoy making |
| priorities. For example, while it might be | | | | pottery in your spare time, you might be able |
| nice to have cable television, you can live | | | | to sell it online for a bit of extra income. |
| without it. Your mortgage always needs to be | | | | If you dedicated a room in your home to this |
| the top priority and it needs to be paid | | | | effort, you may even qualify for a new tax |
| before you pick up any other bills for | | | | exemption! As you can see, mortgage arrears |
| payment. Some bills may be for goods and | | | | can be kept at bay if you take a diligent |
| services that are redundant or perhaps not as | | | | look at your financial health before it |
| important as they were when you signed up for | | | | becomes ill! |
| them. After cutting your cable, take a look | | | | |