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May 19th, 2012

The Importance of Creating an Emergency Fund

Posted by admin in Uncategorized

In the current economic crisis, more and more individuals and families find themselves in unexpected financial emergencies. All of a sudden, urgent financial situations come up, situations caused by job loss, unexpected household expenses, car repairs, medical expenses, overspending, or any number of reasons.

Unfortunately, most of us don’t have a lot of extra money on hand when an emergency strikes; we panic and make quick financial decisions that repeatedly end up with serious unintended consequences. If you’re not working when this happens, you’re in big (more…)

May 15th, 2012

How to Deal with Job Loss and a Decreased Income

Posted by admin in Uncategorized

Losing one’s job can be devastating and of course, the loss of an income, puts stress on everyone in the family. Instead of panicking, give thought to how much money you have in the bank, the sum of bills you need to pay, any severance pay that might be given, and what you and your family need to do to alter your budget so that you have enough money for certain survival needs.

Talk with your family, friends and former co-workers on how you can make extra money. Keep an open (more…)