Now that you have lost your primary source of income, a quick financial assessment is a useful way to visualize where your money is spent and what can be reduced or eliminated. Here are a couple of ideas to think about:
There are local non-profits available to assist you during these challenging times, seek them out and let them help:
Determine how you are spending your money: Writing down your bills and discretionary spending will help you see where your money is going
Determine where you can cut back: Following the step above will assist you with this step, another suggestion is to create a realistic budget
Real Sense: provides resources to improve the prosperity of our community’s most vulnerable and economically-challenged citizens. Some of the free services provided include tax preparation and financial classes.
Please visit these sites for additional information and tools:
Budget Tools - free budget worksheet
How Much Could You Reduce Your Budget if You Get Laid Off?
Getting Finances in Order, Post Lay-Off