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For Immediate Release - August 31, 2005
7 SKILLS TO MINIMIZE FINANCIAL DEVASTATION FROM HURRICANE KATRINA
This year, Katrina has devastated the gulf shore area, causing financial damage over $25 billion dollars. Millions of families already only making minimum payments on their credit cards, will be further pushed to the edge by the damage caused by the hurricane.
This is one of the greatest financial tragedies of the year, says Eric Pemper, president of CuraDebt, a nationwide consumer debt reduction organization. Every individual financially affected by the hurricane needs to know the six financial survival skills to weather the storm after the storm, now that the hurricane has passed.
Here are Eric Pemper's seven financial survival skills:
- Focus on your health and safety first. Be thankful for what you have. Belongings can be replaced, but the wellbeing of you and your loved ones is the most important.
- Take a calm thoughtful approach to evaluating your family's financial necessities. This is your priority with today's natural disaster.
- Look at your monthly income (or average monthly income) and subtract from it you fixed costs of living. Fixed costs are housing, utilities, food, auto (or other mode of transportation), clothing (necessities), insurance, child care/school, etc. DO NOT INCLUDE CREDIT CARDS. Recreation and luxuries are not necessities. Ask the question, are you going to have enough to cover fixed costs?
- Ask the question, are you going to have enough to cover fixed costs?
- Financial lifestyles can be changed. You may need to liquidate some essential items, even real property or cars to help maintain financial survival for you and your family. Unsecured bills, family loans, and credit cards may have to be put on hold; anyone you owe money to can be convinced to hold off if approached correctly.
- Carefully consider who takes a bite of your next pay check before you hand over your money.
- It would be a wise decision to talk to a professional for analysis of your personal financial situation. Most of all, explore your options.
Eric Pemper, President of CuraDebt, has helped thousands of individuals in financial crisis avoid bankruptcy by giving them custom debt settlement and consumer credit counseling programs. The agency provides a FREE Confidential Phone Consultation at 1-877-850-3328 or on the web site: http://www.curadebt.com/ katrina/
Mr. Pemper is a very outspoken and knowledgeable professional who teaches individuals and businesses how to avoid financial disaster. To interview, call 1-877-484-2009
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CuraDebt.com is a center for helping
consumers nationwide become debt free without filing bankruptcy.
The agency provides a FREE Debt Freedom plan consultation, FREE Debt
Freedom Teleconferences, the FREE newsletter, Secret Money Tips, and
other valuable information via phone at 1-877-850-DEBT(3328) or on the
web site:
http://www.curadebt.com/a/1241.
Subscribe for FREE to the CuraDebt Money
Tips newsletter and receive tips on money savings, debt reduction,
dollar stretching - send a blank email to:
moneytips3@curadebt.com
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