Where to Start In Hard Times
Friday, 21. May 2010
Don’t lose your head when the frenzied, frantic fear starts to creep in. We’re in this thing together, so we will be here to help you through it; however, before we can start to help you get back on track, you need to do a little ground work on your own. Let’s start with some basics. Your entire financial picture can be broken down into three categories. Money you’ve got coming in. Money you’ve got going out. Money you’ve got saved away for a later use.
- ON MONEY COMING IN: If you have a job… don’t lose it. (If you don’t have a job… get one.)
- ON MONEY GOING OUT: Spend less than you have coming in, and don’t forget to pay yourself first. (If you are awash in debt, and don’t know what to do, start here.)
- ON MONEY SAVED: Hold on to what you’ve got with both hands. (If you don’t have any, then see #1, above… and call us to get some.)
Those are the basics, as painful as they might appear.
