Living beyond your means is not a black-or-white situation. There are things that can be done to minimize damage and stay in control.
- When we can't make ends meet,…it's often hard to come up with a clear plan…for how to manage.…We wanna fix it, but if we're facing job loss,…a health issue, or a major unforeseen expense,…the solution may not be right there at hand.…However, even with limited means,…you still have the power to make choices,…minimize debt or damage to credit,…and plan for a successful financial recovery…once you're back on solid ground.…Here's my financial CPR plan…for what to do when you can't make ends meet.…C is for cash flow.…
First, acquire information.…Tally up your resources on hand.…Make a list of your assets including how much cash…and available credit you have.…Survey your existing expenses and income…to get a complete financial picture.…Read your contracts and user agreements…to see what service plans you can cut or modify.…And identify found money like store credits, gift cards,…and items that you can return for refund.…Next, analyze.…What expenses can be reduced or eliminated?…What must be protected?…Are there ways to increase your income?…
Skill Level Intermediate
Financial Wellness for Couples and Familieswith Amanda Clayman1h 7m Appropriate for all
Personal Finance Tips and Trickswith Jane Barratt2h 58m Appropriate for all
New This Week
Your Money Management
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