New York, NY (PRWEB) October 19, 2013
Money Mermaid announced its strategies for family financial planning and debt elimination. This announcement came in the wake of Fox News’ October 4th article, entitled “Financial Planning for Families of Children with Autism”. The article discussed the financial hardship facing many families with children with autism, focusing mainly on the high cost of medical bills and alternative treatments. In light of the financial hardship often found facing these families, Money Mermaid announced simple strategies for family financial planning, including personal budgets and debt elimination.
Jennifer Cerbasi’s Fox News article acknowledged the hardship facing families with children with autism, particularly in the form of financial difficulty. Parents are faced with the heady expenses of doctor’s appointments, therapy, and even alternative treatments frequently not covered by insurance. First and foremost, Cerbasi urged readers to compose a will, delegating finances and the child or children’s caretakers. Next, she urged parents to develop a fund specifically for autism-related expenses. Finally, she encouraged parents to focus on obtaining a strong insurance plan to minimize out-of-pocket costs from doctor’s visits. Cerbasi closed with an urging to parents to set up some sort of system to ensure that the child continues to maintain a set schedule.
Following Cerbasi’s article, Money Mermaid released strategies for effectively planning family finances, including debt elimination and overall money management. The greatest asset in money management is the development of a plan to cut costs. Families should take a few hours each month to map out expenses and identify any areas of spending that can be shaved down or eliminated entirely. This may be as simple as cutting back eating out to once per month, or as drastic as foregoing cable or internet in favor of using the free Wi-Fi offered at many libraries and food establishments, and renting or borrowing movies and television shows. From there, families can develop a budget and figure savings and debt elimination into the monthly budget work. When making drastic financial changes, do not feel pressured to quit spending cold turkey; it may be more effective to work slowly and steadily, developing habits geared toward saving money. Above all, families should develop better spending and saving habits, with an eye for devoting money to paying off debts or debt restructuring and saving for any rainy day occasions.
Jennifer Cerbasi is a regular contributor to Fox News. Her work deals primarily with finances and how they relate to autism-spectrum disorders such as Asperger’s syndrome.
Money Mermaid announced strategies to assist families in developing financial plans and proper money management, particularly those facing the need for debt elimination or savings. These strategies are simple, and require that families devote less money to extracurricular activities and more money toward savings and paying off debt. If the family needs more information on debt restructuring to alleviate financial stress, MoneyMermaid.com recommends the information found on a site called Debt Consolidation.
MoneyMermaid.com is an online resource for individuals and families seeking to achieve financial stability and success.