This post is featured on behalf of Stacey White.

If you’re struggling to keep on top of your finances because your spending is out of control, there’s a simple solution to that. Be more sensible with your spending and budget your money properly.

Unfortunately, it isn’t always that simple and sometimes things that are outside of your control can have a big impact on your finances. If you aren’t prepared for these things, you won’t be able to deal with it and you’ll end up in a bad financial spot. 


Illness is a big problem, especially if it’s long term. You’ll be off work which means loss of earnings and you’ll have to find some way of paying for your treatment as well. The number one way to take the pressure of is a good health insurance policy that will cover even serious health problems.

The thing is, that’s expensive and most people can’t afford a policy that covers that much. The best thing to do is look at health insurance benefits when you’re searching for jobs. If you can find a company that offers a comprehensive policy, you’ll be in a much better position if the worst does happen and you fall ill. You should also look into their sick pay policy; getting a longer period of sick leave can really help you out here.

Death Of A Partner

The death of a loved one is always a horrible situation to find yourself in but it’s a lot worse if that person is your partner or spouse. You’ll suddenly have to deal with all of the bills on your own and that can quickly land you in some financial trouble.

The first thing to do is make sure that you’ve both got a life insurance policy so you have a buffer while you sort out a long term solution. Beyond that, you should see whether you’re entitled to any compensation. If your partner dies in an accident that isn’t their fault, you should contact an accidental death attorney and see whether you have a case. If you can claim some money from their employer, it can help you to remain financially stable during this difficult time.

Job Loss

Regardless of how secure you feel in your job and how valuable you are to the company, there is always the chance that the company could fail and you’ll be out of a job.

Often, the cracks will start to show early on so if you feel like your company is struggling, now is the time to start looking for another job. You don’t necessarily have to move just yet, but it’s worth putting some feelers out. It’s also a good idea to maintain a healthy emergency account so if you do end up losing your job, you can still afford to pay the bills for a couple of months while you find another job. When it comes to looking for work, you need to treat it like a job; get up at the same time every morning and spend the entire day doing applications, don’t sit around watching TV for half the day.

You can’t control when these financial dangers hit, but you are in control of how you deal with them.

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