July 14, 2025 Breaking News, Latest News, and Videos

Are You a Heartbeat Away from Homelessness?

How worried are you about the possibility of becoming homeless at some point in your lifetime? You probably shouldn’t be too worried. After all, the vast majority of people who ever lived, who will ever live, and who are alive right now will never know homelessness on a personal level. The chances of it happening to you are astronomically small. That is exactly what the vast majority of homeless people used to think. Some were model citizens with good jobs. Many served honorably in the armed forces. Many were happily watching the local news in their suburban home one day and became the local news the next day. 

Some statistics suggest 2% of the population is homeless. Statistics about homelessness are tricky because homeless people do not exactly fill out census data. They don’t have a mailbox to get mail and no door on which to knock. They also are not stationary. They move about nomadically and move in and out of housing when available. There is also the problem of keeping track of the newly unhoused. There is a lot we don’t know about homelessness in America and around the world. But if you want to keep from becoming one of them, do the following:

Get Accident Insurance

When a person loses their job unexpectedly, everything is upended. You might feel very secure in your work and under normal circumstances, you might be. But accidents can happen to anyone, even the most secure people. That’s where short term disability insurance can be so important. 

When you have short term disability insurance, it can be the difference between you having time to fully recover and being forced to return to work long before you’re ready. Economic strain will put you in a position where you have to choose between going back to the office and doing another 6 weeks of physical therapy. 

There is also the fact that your company cannot hold your position open indefinitely. You can find yourself at the end of typical coverage before you are healed. From there, you will have to apply for long-term disability. That is when you will discover a whole new level of hurt. Even if you have some type of insurance, is it enough to cover all your bills while out of work? Once the mortgage starts falling behind, eviction or foreclosure are never too far away. Without a solid plan B, you can easily find yourself on the street.

Emergency Savings

You might think that if the worst comes to pass, you can always find space for your family in a homeless shelter. That is not always an option. As plans go, that is a pretty bad one. What you need instead is a solid emergency plan that is backed by a solid emergency savings fund. Before you start a college fund or a retirement fund, you need to have an emergency savings fund. 

Your kids will not be ruined if you cannot pay for their college tuition. There are other ways for them to continue their education. Most people don’t have a large college fund waiting for them when they pick a university. It is very important that you do some retirement planning while you are young. But your future self is endangering your present self if you fund your retirement before you fund your emergency savings. Six months of rent stored away could be the difference between your family and homelessness. 

Good Credit

Sometimes, a landlord will give you a break if you have good credit with them. That is to say, you have paid your rent on time for years, and always have a kind word for everyone. Your credit score comes into play when you have to try to get an emergency loan to pay your rent. You are going to need more than the occasional kind word. You need the kind of credit score that will not only secure a big loan but do so with a low-interest rate. Good credit can make all the difference in the world.

Homelessness happens to people who never expected it. You might not see it coming for you right now. Keep it that way by securing accident insurance, building emergency savings, and protecting your good credit so it is there when you need it the most.

in News
<>Related Posts

Veterans Tech Group to Launch Los Angeles Chapter with Networking Event

July 14, 2025

July 14, 2025

Founded in San Francisco, VetsInTech operates 20 chapters nationwide and claims more than 60,000 veterans VetsInTech, a national nonprofit that...

Film Review: Jurassic World: Rebirth

July 13, 2025

July 13, 2025

“The story is simplistic and predictive, and that’s all it needs to be, because the age-old battle to survive the...

Santa Monica Assault Suspect Faces Multiple Charges, Authorities Seek Additional Victims

July 13, 2025

July 13, 2025

Marbra allegedly assaulted a 52-year-old woman on the Strand in Santa Monica, facing a felony count of assault with intent...

SM.a.r.t.Column: Does the Rand Corporation have a future in Santa Monica?

July 13, 2025

July 13, 2025

“Although no one said it outright, it is clear to all that RAND is feeling—and will continue to feel—the impact...

County Health Leaders Decry Federal Policy Barring Undocumented from Programs

July 12, 2025

July 12, 2025

The officials argued the policy jeopardizes care for all residents, noting it could deter people—regardless of status—from seeking treatment  Leaders...

County Supervisors Move to Preserve Measure J Amid Charter Error

July 12, 2025

July 12, 2025

Measure J mandates that at least 10% of the county’s locally generated, unrestricted funds be allocated to community investments like...

LA Medical Center Seeks Help Identifying Unconscious Patient

July 12, 2025

July 12, 2025

He has been unconscious since admission, and staff have been unable to determine his identity Los Angeles General Medical Center,...

Mayor Bass Issues Directive to Protect Immigrant Communities

July 12, 2025

July 12, 2025

The order expands access to city resources for affected families and requests records from ICE, including details on arrests Mayor...

Downtown Santa Monica CEO Andrew Thomas to Step Down

July 11, 2025

July 11, 2025

Thomas, who rejoined DTSM, Inc. in 2022, oversaw the introduction of a private security program, expanded homeless outreach, and boosted...

Conservancy to Tour Historic Miles Playhouse at State of the City Event

July 11, 2025

July 11, 2025

Built in 1929, the Miles Playhouse serves as the centerpiece of Lincoln Park The Santa Monica Conservancy will offer 15-minute...

Sen. Ben Allen Highlights Challenges, Economic Gains for LA28 Olympics

July 11, 2025

July 11, 2025

The remarks came during the first informational hearing of the Senate’s Special Committee on International Sporting Events State Sen. Ben...

(Video) Summer Camp at School of Rock West LA Turns Kids Into Rockstars

July 11, 2025

July 11, 2025

To Sign Up Now, Go To Schoolofrock.com Summer Camp at School of Rock West LA Turns Kids Into Rockstars To...

L.A. Louver Marks David Hockney’s 88th with Exhibit

July 11, 2025

July 11, 2025

Hockney, a British artist born in 1937, gained fame with the British Pop Art movement and later became known for...

Suspect Arrested in Shoe Retail Theft Spree Across LA County

July 11, 2025

July 11, 2025

During the search, police recovered two firearms and a significant quantity of merchandise The Los Angeles Police Department’s Organized Retail...

Suspect Arrested in Santa Monica Pier Arson Incidents

July 10, 2025

July 10, 2025

The suspect, matching video footage from an arcade, was taken into custody Santa Monica Police Department officers arrested a suspect...