The Quick Financial Crisis Financial Adviser

Who out there needs a financial adviser? There are thousands of financial crisis tips and secrets out there to scare away anyone just trying to find a basic debt cure. Especially in a financial crisis, finding a debt cure along with having the right insurance protection will assure anyone long-term financial peace. Follow The Quick Financial Crisis Financial Adviser: A 5 Step Debt Cure below to simplify your household finances:
1. Protect Your Assets: Step one in your financial crisis debt cure is to make sure you have the basics of insurance which includes homeowners/renter's (including flood insurance), auto, health, life, and umbrella. After you have followed the remaining steps below then look into adding long term care and disability insurance. It only takes one disaster to disable your financial situation so don't skimp on the insurance.
2. Of Course, Your Quick 5 Step Financial Adviser Says, "Get Rid of Your Debt!": It is hard to save in a financial crisis but when you can save, before saving for anything else, college or retirement, get yourself out of debt. Once you are out of debt you can catch up fast on your other savings plans with all the extra money you will have left over. Start with the smallest amount you owe first and pay that off. Next take what you were paying on that bill and add it to the next smallest amount until all debts are paid. The last thing to pay off would be your mortgage and at this time you can start your other savings plans while paying extra on your mortgage. By paying off the smallest debt first it enables your momentum of seeing a payoff and you are more likely to keep paying them all off.
3. Save for Retirement: After your debt is paid off don't go and get a loan for a new car! Buy a nice used car with cash and start beefing up your retirement. Yes, even in a financial crisis you should still invest for your retirement. After contributing the maximum to your employer's 401K, look into an annuity for an extra retirement vehicle. Also, start a college savings plan for your children. One thing that you should not purchase just for a retirement plan would be life insurance.
4. Don't Pay to Much for Health Insurance: If you are paying outrageous amounts for your health insurance try purchasing a high-deductible emergency plan then use a health savings account to pay for all your regular yearly costs. In most cases this option can save a lot of money for a family that is basically healthy. Also, if you are low income you or your children may be eligible for your state sponsored health insurance plan. Sometimes even if both parents are working you may still fall into the low income bracket. In addition, shop around. Health insurance prices can vary dramatically from company to company.
5. Stick to This Plan and Share Your Spare: Yes, I know this can be a given but these steps take a lifelong commitment that can be hard at times. You may fail. You might just buy that dress in the window you did not need instead of taking that money and paying off your debt, but if that happens just start over again. Once your debt is cured you will have a greater understanding and responsibility of your money and you will probably be finding yourself more inclined to reach out to others with your spare money instead of buying things you don't need.