Coping with Financial Emergencies
Good article on Coping with Financial Emergencies:
"A great deal of financial advice is focused on keeping you out of trouble, but sometimes trouble happens. When it does, your attention should turn to handling that trouble as smoothly as possible."
Six tips for coping with, and recovering from, a financial emergency: read the complete article.
- Preparation is the key.
- Be wary of sacrificing long-term assets for short-term needs
- Conduct immediate budget triage
- Don't burn bridges
- Prioritize your debt reduction
- Rebuild savings