My Survivorship A to Z Guide
Finances Essential
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Note: This is a sample Survivorship A to Z Guide for a fictitious person we call Ellen. She is just diagnosed with Breast Cancer. To view a summary of her answers which led to this Guide, click here.
To get your own free, computer-generated A to Z Guide, click here.
Until your health condition is under control, cash is king. Cash may be needed quickly for uninsured health care and/or unexpected drops in income. Postpone non-essential creditors.
You indicated that you are recently diagnosed, that you have health insurance and that you are experiencing a financial crunch.
Although paying creditors is important, your immediate goal should be to balance holding onto cash in case you need it in your battle against Breast Cancer and keeping the essentials of your life going -- for instance,keeping the electricity on.
"Cash" is US dollars or other foreign currency, and investments that can easily be turned into cash such as savings bank accounts and credit.
Consider the following guidelines:
- When you must make purchases, buying on credit or installments saves cash.
- Think about starting to convert assets which are difficult to sell into assets which can easily be converted into cash. A financial planner or investment advisor can help.
- Do whatever you can to keep your credit in tact -- or to improve it.
To Learn More
More Information
Home Equity Loans and Lines of Credit 101 How To Get Credit When You Don't Have Any Or Your Credit History Is Bad New Uses of Assets: Credit How To Get More Credit Credit-Repair Services Credit Scores 101 Credit Counseling Service 101 How To Choose A Financial Planner Financial Planners 101 How To Deal With A Financial Crunch Or Crisis Investments Ten Steps You Can Take In The Event Of A Financial Crunch Or Crisis Investment Advisors (Stock Brokers/Financial Advisors) Credit Reports: What They Are, How To Get One, How To Fix It Credit: Score, Getting, Fixing