Financial Challenges

PROBLEMS you may be facing with SOLUTIONS we have to offer.

The financial challenges Americans face are tough and stressful.

Participating in GiveReceive.Online fundraising and spending programs can provide the solution to practically the vast majority of those challenges.

America's Top 4 Financial Challenges

  1. 44% of Americans Don’t Have Enough Cash To Cover a $400 Emergency.

  2. 43% of Student Loan Borrowers Are Not Making Payments.

  3. 38% of U.S. Households Have Credit Card Debt.

  4. 33% of American Adults Have $0 Saved For Retirement.

Source: Forbes

Here are detailed financial challenges below with solutions that can be handled through GiveReceive.Online fundraising and spending programs.

Health Insurance

Problem:

The cost of health care has increased and is becoming more unaffordable.

  • In 2017, healthcare cost were $3.5 trillion – about 18% of GDP

  • In comparison, health care cost $27.2 billion in 1960 – about 5% of GDP

The following data reflects the cost of health insurance based on the 2018 Open Enrollment Period:

  • Family: Premium: $1,168/month, Deductible: $8,803

  • Individuals: Premium: $440/month, Deductible: $4,578

Sources: The Balance, eHealth.

Solution:

The Insurances Spending Program allows you to pay for insurance premiums, deductibles, co-pays, and pre-existing conditions not covered by insurance.

Choose from many different insurances including for pets!

Cost Of Living

Problem

Compare your cost to the average U.S. cost of the following monthly expenses:

Grocery: $618

Cable Bill: $99

Child Care: $402-$1,422

Entertainment: $227

Average New Car Loan Payment: $483

Source: Better Money Habits®

Solutions:

Grocery and Cable Bills: Fundraise and spend through the Life’s Basics Spending Program.

Child Care: Fundraise and spend through the Life’s Basics Spending Program or the Education Expenses Spending Program.

Entertainment: Fundraise and spend through the Quality of Life Spending Program.

Average New Car Loan Payment: Fundraise and spend through the Auto Leasing Earned-Credit Program™. The benefits of your monthly payment go towards an “earned-credit” account to pay less for your future vehicles.

Consumer Loans With High Debt Balances

Problem

$1 TRILLION: The estimated amount Americans are drowning in credit card debt.

$59,700: The estimated average personal debt per U.S. citizen.

Source: USDebtClock.org

Solution:

The Debt Pay-Off Spending Program allows you to pay off unsecured consumer debt with no payback!

Student Loans With High Debt Balances

Problem

$1.53 TRILLION: Estimated current U.S. student loan debt.

44.7 MILLION ADULTS: Estimated number of adults with student loan debts. About 1 in 4 American adults.

$393/MONTH: Average estimated student loan payment.

19.7 YEARS: The average number of years it takes a four-year degree holder to pay off their loans.

In addition, if you borrowed money to attend college, you most likely won’t feel any impact from the Federal Reserve’s interest rate cuts.

Sources: Nitro. Bankrate.

Solution:

The Debt Pay-Off Spending Program allows you to pay off student loans with no payback!

Housing Costs

Problem

78%: New and existing home sales were affordable at its peak in 2012.

56%: Home sales were affordable as of 3rd quarter 2018.

$1,483: Average total monthly cost for housing, including property taxes if applicable.

$1,350: Median national rent in 2015.

Source: Forbes. Better Money Habits.

Solutions:

Lease Your Home with Earned-Credit™: Better than owning. Better than renting.

Fundraise and spend through the Home Leasing Earned-Credit Program™. The benefits of your monthly payment go towards an “earned-credit” account. Other benefits include home furnishings, maintenance, upkeep, real estate taxes, insurances, and more!

Housing Costs: Fundraise and spend through the Life’s Basics Spending Program. Many of your housing costs can be paid through fundraising: food, groceries, clothing, utilities, haircuts, and more!

Retirement

Problem

46%: Adults not yet retired don’t expect to have enough money to live comfortably when they do retire.

35%: Of all households had no money saved in any type of retirement account.

$1,100: Was the median household retirement savings.

Source: Federal Reserve Bank of St. Louis

Solutions:

There are several solutions, depending on your financial situation, that can help you or a loved one live a better standard of living financially by some of the spending programs below.

Lease Your Home with Earned-Credit™: Better than owning. Better than renting.

Fundraise and spend through the Home Leasing Earned-Credit Program™. The benefits of your monthly payment go towards an “earned-credit” account. Other benefits include home furnishings, maintenance, upkeep, real estate taxes, insurances, and more!

Housing Costs: Fundraise and spend through the Life’s Basics Spending Program. Many of your housing costs can be paid through fundraising: food, groceries, clothing, utilities, haircuts, and more!

Personal Debt and Reverse Mortgage Pay-Off: The Debt Pay-Off Spending Program allows you to pay off any personal unsecured debt with no payback! If you, or someone you know, has a Reverse Mortgage that was used to pay-off consumer debt, medical bills, etc., it may also qualify to be paid-off with no pay-back!