Skip to main content

Dodge These Bank Balance Drainers In Your Life

 When you are managing your personal finances, you always need to be aware of the problems that can drain your bank balance. Here are some of the possibilities that you may need to address at some point. 

Pexels Source CCO License


An injury can be a huge drain on your bank balance. It’s possible that a serious injury stops you from earning a fixed income which is always going to be a nightmare. To deal with this, we recommend that you do think about exploring options such as disability insurance. This means that if you are impacted by a long term injury then you can claim the cushion of cash that you need. You might want to address what caused the injury. Be aware that it’s common for an injury to get worse after a poor surgical treatment. If this does happen, you should definitely think about speaking to medical malpractice lawyers to claim the damages you deserve. 

Bad Mortgage

Next, you should think about how a bad mortgage can impact your bank balance. A poor mortgage will always put you under far more financial pressure overall and could leave you struggling to cover all of your costs. To avoid a bad mortgage, you need to make sure that you do improve your credit before you start seeking alone. There are numerous steps that you can take to improve your credit rating. For instance, you might want to think about getting rid of your debts from sources such as credit cards. 

Legal Trouble 

Another issue that can drain your bank balance is legal trouble. That’s why you need to make sure that you don’t fall on the wrong side of the law. If you are running your own business or side hustle, then it’s important that you are aware of the laws and regulations that could impact you in the long or short term. To deal with this, you should think about hiring a legal advisor. Be aware that this can be an outsourcing solution and will always save you more than it costs. 

Unexpected Repairs 

Finally, an unexpected repair for your car or your home can be a massive drain on your bank balance that you will almost certainly want to avoid. So, how should you handle this issue? Well, we recommend that you make sure that you are completing the necessary checks on your home and your car throughout the year. That way, you can guarantee that it does remain in the right condition. For instance, you should check your heating system on a bi-annual or annual basis. This can help you avoid a replacement and instead may just mean that you need a repair at some. The difference in cost here can be thousands. 

We hope this helps you understand some of the bank balance drainers that you might have to deal with in your life. By tackling problems like this head on, you can make sure that they don’t continue to play havoc with your income. Instead, you’ll be able to keep everything on the right track. 


Popular posts from this blog

Chinese New Year Reunion Dinner At San Jose 2022

TABLE FOR FOUR... We had our own reunion Chinese New Year dinner on Monday evening.... we made a simple one, just hot pot at home.  All we have to do is to clean the vegetables, get everything defrosted... and the hot pot boiling with a packet of seasoning.  They sell a lot of hot pot seasoning over here, from tomato soup to shrimp and chicken soup, I just threw in the whole packet of paste.  No doubt not so healthy but it is so easily done....  As usual, Chinese New Year won't be CNY without a plate of Loe Sang...  No crackers so I put in a few pieces of Tacos... LOL... Most important is the sauce....  The apricot, plum sauce and honey makes it right.... And our dishes for the evening..... We ate too much shrimps the day before so we omitted for this evening.... Simple and yet satisfying meal for our Reunion Dinner....

Three Hours City Tour At Ensenada, Mexico

A THREE HOURS CITY TOUR when we embarked in Mexico on the second morning.   My sister booked the three hours city tour in Ensenada, Mexico, a van came to pick us up from the port.  Ensenada is the border of Mexico and it reminds me of Hatyai, a border town too between Malaysia and Thailand.  We were taken to a shopping area where we must haggle for the goods.  LOL.. Yes, something common in my own country... Anyway, we did not buy anything for ourselves... just a wooden handmade truck for my grandson which cost $8usd.   Nothing much to shout about on this three hours excursion, I was so sleepy on the way back to the ship that I dozed off and only awaken when we were driven through the town.  All in all, I just wanted to step onto Mexican soil and I would give this a miss if I were to go on this Mexico cruise again.  LOL... At the open area shopping walking towards the Blowhole... This is La Bufadora Blowhole, an amazing natural marine geyser that is capable of shooting water over 60 fe

Cookies For Chinese New Year 2022 In San Jose

MISSING IN BLOGGING AGAIN.... this has become a norm now ever since I arrived to this continental... LOL... Now I understand the word of Full Commitment when it comes to taking care of baby... seriously, I have to be fully commited and occupied by this little cheeky fella who is now going to be his 10th month soon.  Wow... time flies, when I first came, he was just slightly over four months... that being said, it is soon time fo rme to pack my bags and leave.  LOL... My 6 months being a babysitter is soon over... and did I say I can hardly wait?  NO, NO... I love my job here and I am going to miss my baby tremendously!  I only don't miss his cries!  LOL...  OK, by the time I write this post, Chinese New Year is over, it is now the 4th day of CNY.  Two days before the Lunar New Year, my daughter-in-law and I cooperated fully and baked a few types of cookies.  Looking back at these pictures, I dare say that we did a good job... not on the cookies but at least we had a great time bond