Financial Wellness Essay Example | Topics and Well Written Essays - 250 words

Money related Wellness - Essay Example sted in a wide assortment of money related instruments, for example, regular stocks, favored stock, corporate securities, treasury bills, and subordinate instruments among different choices. Individuals can utilize funds to anticipate their retirement (Cnn). A territory of accounts that I frequently experience difficulty with is planning. I generally attempt to make an individual financial plan of my costs each month, however it appears as though my own spending plans are consistently off. I generally wind up going through more cash than what my financial plan specifies. The utilization of programming, for example, exceed expectations or revive can assist individuals with dealing with their own financial plans better (Intuit). Budgetary objectives are significant. â€Å"The initial phase in close to home budgetary arranging is controlling your everyday monetary undertakings to empower you to do the things that brings you fulfillment and enjoyment† (Fowles). These objectives can be built up for the prompt, short, medium and long haul. Shrewd objectives are explicit, quantifiable, feasible, practical, and ideal (Topachievement). A quick objective is to spare in any event $300 toward the month's end. A transient objective is to buy a nother cell phone inside one to two months. A subsequent momentary objectives is to set aside cash to buy winter garments. A middle objective is to expand the estimation of my speculation portfolio by 10% toward the year's end. Another objective is to set aside cash for an initial installment on another home inside five years. A drawn out objective is to spare $250,000 by retirement

Working with Individuals Essay

Working with Individuals Essay Working with Individuals Essay Working with Individuals Customers Interview Wilson K. Ogletree Murmurs 250 Elizabeth Gardner LMSW August 29, 2013 A. Recognizing Information: Name of customer Tina Address: 1515 Park Lake Ave. Rochester, NY 13378 Telephone number: 200-2339 Work spot of customer: Corel Corporation Age 55 Suppliers that are included name, telephone numbers, and organization: Family Court, Jeff Dolby 412-6608 Probation Officer B. Present Problems: 1. Current side effects and compliants-She expressed that there are no indications before or any right now. Tina has notice that the main agreeable is her more youthful child Bobby is by and large disobedient and contending with her. 2. Issues in home-Tina expressed that her child Bobby is having issues remaining in school and is waiting on the post trial process for battling. 3. Issues at work-Tina expressed that she can go to work and concentrat on carrying out her responsibility. 4. Issues with peers-Tina expressed that she for the most part dont scarcely associate with her family dependent on no correspondence, and trust. 5. Issues during recreation exercises Tina does alot of exercises with family as much as possible when not working. C. Current Living Situation and Activities: 1. Who does customer live with? Tina has expressed that she is remaining with more established girl Trish 28, and granddaughter. Tina additionally expressed that her other three children moved in with her at Trish her two siblings and one sister. There relationship is consistent and they attempt to get to know one another doing exercises as a family. For example, heading off to the shopping centers, playing a game of cards, and having family gatherings once per week to perceive how is everyones week is going on in and out the family unit. She likewise expressed that she gets along awesome with her kids acknowledge for Bobby who is 18 years of age. 2. Connection among customer and parent/watchman Tina expressed that she and her mom and father have a decent relationship. The two guardians are extremely dynamic, and strong. Tina expressed that the two guardians invest a lot of energy with grandkids as much as could be expected under the circumstances. Tina father have extraordinary relationship when she needs somethings around the loft done father encourages them complete many assignment around the condo and he invests a lot of energy with all the youngsters. 3. Connection among customer and (guardians) a. If it's not too much trouble list all kin by name Tina and guardians Molly mother and Jeff father have a solid relationship together. Mother and Father are steady to her and the youngsters. The kids appreciate there organization as much as the grandparents appreciate them. 4. What exercises does customer take part in-Tina likes to go to gambling club when she has a day of from work, and like going for strolls toward the end of the week to help unwind in the wake of working all week. She likewise expressed that she plays this game sweets smash that she adores playing since it loosens up her and understanding books. 5. Any issues with rest None right now Tina expressed that her dozing is generally excellent. D. Stressors: Passings in family-Father, he was loaded with euphoria, and he cherished the youngsters. He approached all individuals with deference, thoughtfulness and would give the shirt of his back for anybody. Its been for a little while since he past away however we understood he will be in are heart, and soul for ever. Separation Stated she didn't care for discussing it since it brings back terrible recollections, torment, saddness. Sickness None expressed during meeting Moves/Relocations-Tina expressed

Can a Cash Advance Actually Help Your Credit

Can a Cash Advance Actually Help Your Credit Can a Cash Advance Actually Help Your Credit? Can a Cash Advance Actually Help Your Credit?Cash advances just show up as normal credit card purchases on your credit report.When you’re in a financial bind and you need some quick cash, taking out a cash advance on your credit card can be an okay solution. Sure, they don’t come with the ludicrously high interest rates and short repayment terms of a payday loan, but they’re still much costlier than just maintaining an emergency fund.If you’re living paycheck to paycheck, you should also consider how a cash advance will affect your credit score. After all, a higher score will lead to lower (i.e. better) interest rates down the line, which means a rosier financial outlook overall.But how does a cash advance affect your credit score? Is there a chance that it could even help your score in the long run?A cash advance is a loan you take out on your credit card.When you make a normal purchase on your credit card, that amount you spend is added to your total balance. The same is tr ue when you take out a cash advance, the only difference being that you receive cash instead of a purchased item. If you were to take out a $60 advance, you would receive $60 in cash and $60 would be added to your total balance.When it comes to repaying your cash advance, nothing changes from how you would regularly pay down your balance. Ideally, you should pay off your balance in full every month, but your monthly minimum payments would only marginally increase with a cash advance added to your total versus a regular purchase.A cash advance is convenient, but it’s much more expensive than just using your card.However, there are some very important differences between cash advances and regular credit card transactions. For one, a cash advance comes with a higher interest rate than normal transactions. The difference will vary from card to card and from customer to customer, but the average credit card APR  is a bit over 16 percent while the average cash advance APR is almost 24 percent. That’s a big difference.Second, there is no way to avoid paying interest on a cash advance. With a standard credit card transaction, there is a 30-day grace period before interest starts to accrue. This is why it’s so important to pay your credit card off every month; it means borrowing money interest-free! But with a cash advance, interest starts accruing immediately. While it’s still a good idea to pay off your cash advance as soon as you can, there’s just no way to avoid paying interest.Lastly, you’ll typically get charged a fee for taking out a credit card cash advance. And it’s not a tiny fee either. The average cash advance fee is usually something like $10 or 5 percent, whichever is higher. That means that a $500 cash advance would cost $25 right off the bat!Does a cash advance have any effect on your credit score?Luckily, a cash advance won’t have any real effect on your credit. They aren’t recorded separately from other credit card transactions on y our credit report, so the credit scoring algorithms have no way of knowing what’s a cash advance and what’s a regular transaction. All they’ll see is a higher credit card balance.If you’re sensing a “but” coming, you are correct. Because, while cash advances won’t get noted on your credit score, a higher credit card balance will get noted and could possibly hurt your score if it grows too large. Your total amounts owed makes up 30 percent of your credit score, so taking out $1,000 cash advance and adding that thousand dollars to your balance could definitely lower your score.And a cash advance definitely won’t help your score. Taking out additional debt and paying more money towards interest just means higher balances and less room in your budget to pay them down. In theory, paying off a cash advance would help your score since it will get noted in your payment history (which makes up 35 percent of your score) but it’s not really going to have any effect. Failing t o pay your bill on time, however, will have an immediate negative effect.Some “cash advance” loans are actually payday loans in disguise.There are several types of no credit check loans that like to call themselves “cash advance” loans, possibly to make them seem more like credit card cash advances. But don’t be fooled.While some bad credit loans, particularly installment loans, can be a useful way to cover emergency expenses, predatory no credit check loans  are anything but. These loans come with much higher interest rates and significantly shorter payment terms, and they pose a much greater risk to your financial future.These loans are typically payday loans or title loans, which can carry annual interest rates anywhere between 250 and 500 percent. They’re meant to be paid back in a single lump sum payment, usually only a few weeks to a month after the loan was first borrowed. These factorsâ€"high rates and short termsâ€"can make these loans exceptionally hard to pay back on-time.These predatory “cash advance loans” could really hurt your score.Here’s the thing: These lenders don’t mind that. In fact, they stand to make a lot more money this way! If you can’t pay their cash advance loan back on time, they can let you roll the loan overâ€"extending the due date in return for paying additional fees and interest. The more you roll the loan over, the more money the lender makes, all without the customer getting any closer to paying off the original loan.While most of these lenders don’t report their loans to the credit bureausâ€"meaning that the loans themselves won’t affect the borrower’s credit scoreâ€"the cycle of debt that these loans can create will certainly affect a person’s creditworthiness. More money going towards interest on a payday loan means less money for other bills and necessary living expenses. Defaulting on your gas bill because you rolled over your payday loan will ding your score for sure!Plus, defaulting on a sketchy bad credit loan could mean getting sent to collections. And that collections agency will definitely report you to the credit bureaus. It’s pretty much a lose-lose!While credit card cash advances are far from a perfect financial solutionâ€"and will not help raise your credit scoreâ€"they are far preferable to “cash advance loans” that are really just payday loans in disguise.To learn about some ways that you can actually improve your credit score, check out these related posts and articles from OppLoans:How to Fix Your Bad Credit in 2018An Apple a Day Keeps the Bad Credit Away*Why You Should NOT Close That Old Credit CardHave you ever had a cash advance drop your score?  We want to hear from you!  You can  email us  or you can find us on  Facebook  and  Twitter.Visit OppLoans on  YouTube  |  Facebook  |  Twitter  |  LinkedIN