Are Your Finances In Order?
Undoubtedly, the loss of an income can place a massive strain on your cash flow, lifestyle and relationships quite quickly. to minimize the stress take steps to lessen the impact of living on no income or a reduced budget. It’s always better to assume the worst and live within a tightened budget. to protect yourself never assume you will easily land a new position before your severance or savings run out. this way when you land sooner than expected, you’ll be pleasantly surprised how your tight budgeting and diligent expense tracking resulted in more money in the bank. Make sure you include all of your family in the belt tightening process and not just your spouse, as everyone needs to understand what is going on and why. While it may be humbling, ask for “financial assistance” from businesses you deal with; many companies, including professional associations, will offer discounts, waive fees or lower payments for those in financial hardship. If needed, check out the various credit protection options at your disposal and absolutely consider a “survival” job in order to safeguard your long-term assets. never let your ego stand in the way of making the prudent financial decisions you need to make. If you need help setting a viable plan, a quick search on the Internet will list many suggestions you can implement.
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Check out www.totaldebtfreedom.ca if you need the help to re-organize your finances.
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Check out www.mint.com for help in creating a budget.
Daily discount sites are a great way to save money. Over the years I have created a list of quite a few. Scan the different sites and use what makes sense to you. Click here
Here is a long list of money saving ideas that may help you. This list was written to help many US families during the recession. While I don't agree with everything on the list (nor would I do it) who am I to judge or edit out those suggestions. Use whatever ideas that can help you.
Jackie Porter Comments on the Informed Employee Click Here