6 steps to create a financial emergency plan

financial emergency plan

Creating an emergency financial plan is essential so you know how to react in case of an unexpected problem. In case you lose your job, lose your home, or there is a death in the family, have a plan in place to protect yourself. First, eliminate any unnecessary expenses, such as cable or entertainment. Following that, adjust your budget so you can live on your limited funds, and be sure you are educated on your area’s unemployment benefits. Once these are taken care of, tell your family. Figure out a plan to get a new job, and finally, remain positive during your downtime. Look for useful ways to give you purpose.

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6 steps to create a financial emergency plan

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