Campaign Against Eviction

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Eviction. This single word can make even the most arrogant and well-placed private citizen shiver. Eviction carries a stigma because there/s nothing else more shameful than losing your own home because of financial irresponsibility. Sadly, this trend is common nowadays. The economic recession served as a reality check for a lot of people. Some lost their jobs, while others ended up with no cash and a lot of debt. The most unfortunate ones, though, faced eviction. They lost their property because they couldn’t keep up with their loan payments. People who loaned a car, a business setup, or even a house are left vulnerable to eviction, especially if they don’t have stable income. In order to bolster your defenses and contribute in the campaign against eviction, you should know how to protect your finances. This is only possible if you are responsible enough in your spending habits, and know how to utilize cash and credit properly.

Relying too much on credit is one of the common mistakes people make nowadays. After all, it’s tempting to spend indiscriminately if you can get the gadget of your dreams by simply swiping your credit card. The desire to fulfill your momentary impulse blinds you to the financial impact of an unplanned purchase. If you’re able to pay off your sudden purchase with cash by the end of the month, then it’s no cause for worry, but if you can’t, then you’ve just taken the first steps towards financial doom. Credit trouble is similar to cancer- you usually don’t realize it until it’s too late. That’s why it’s important for you to keep an honest record of your spending habits. Avoid unplanned purchases and focus only on acquiring the things that you really need. Maintain only one credit card so that you won’t be overwhelmed with bills. A lot of people think that having several credit cards equate to greater spending power. However, this is not the case. People who have several credit cards tend to max out all of them because of impulse buying. This leads to a greater risk of financial trouble and ultimately, eviction.

Another way to make sure you won’t fall to eviction is to maintain a savings account. If you have a regular job, you should put a certain percentage of your earnings in your savings account. Having a savings account ensures that you won’t be caught flat-footed if you suddenly lose your job or succumb to sickness. A savings account is the best shield against any emergency, whether it’s health-related or financial in nature. Make sure, however, that you never empty off your savings account unless it’s absolutely necessary. The small deposits that you make might help you accumulate a fortune in the future, or help you against any financial disaster.

Lastly, don’t be afraid to consult either the government or any private agency for financial help. Some people consider it lowly and shameful to ask others for assistance when they have financial trouble. Asking for help isn’t always a sign of weakness- especially if it’s your only way out.

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