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

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

The Good, The Bad But Not Ugly

MISSING AND NOW BACK IN ACTION...  I checked back my last post and it was 8 March last month and today is 19 April, less than two months only.  So what has been happening in my life?  Lots and lots... good news, bad news, sad news... all concerning health and I guess this is our life cycle as we live day by day.   My health is also not that "fantastic" during the past few months, but mine is a small rock compared to giant boulder which my best buddy is undergoing... I guess some of you know what is happening to her from her blog posts.  I was totally devastated when this happened to her, my tears couldn't help falling and my heart goes out to her.  I am ashamed to say that instead of me giving the comfort that she needs, I am the one that have been receiving her strength in times like this.  She might be crushed physically but she is not broken in her spiritual mind and soul.  One word... "Unbreakable!"  She is a shining example..... "What can death do to m

Exploring The Sea Cruise Royal Caribbean

CRUISING ALONG.... Once we deposited our bags in our cabins, we had our buffet meal at the Hammerjack restaurant and exactly at 4pm, we heard a loud Horn signal...  ITS TIME TO SAIL ALONG THE PACIFIC OCEAN! And while the ship started to sail, we humans started to walk and explore.... to familarize ourselves inside the ship....  Elevators on each side of the ship....  Making my mark....  On another side....  We walked along to check out our food outlets... This Promenade Cafe  had became our regular joint .... We like to sit there enjoying our hot drinks and desserts... Free flow of food day and night.... Passing through the bars to the casino... The casino will open only when the ship is in international waters...  At one of the jackpot machines... I wonder if they are real?? But they are only $1 bundles... Then we went up to the highest floor.... The swimming deck.... Taken against the sun.... Nice sunset in the evening.... The Happy Trio!