aheader logo2

Payment Plans Now Available

I’ve Recently Been Laid Off….Budgeting While In Transition

If you have been recently laid off, or if you are currently unemployed, every aspect of your budget must be re-evaluated to see how expenses can be cut and income maximized.

Regardless of either situation, NOW is the time to create frugal habits that should last until you get another job. Look at your expenses right now, there are areas where you could make some cuts.

Ten strategies that will help:

  1. Make coffee at home instead of getting one at Starbucks.
  2. If you are going to be out all day, consider making lunch and taking it with you.
  3. Going to the movies is expensive. Instead, rent movies from your local library....they are free.
  4. Reconsider your driving habits. Plan your errands in a way that will save gas.
  5. Shop “specials” at the grocery store. If you are 55 or older, chains offer a 10% discount on the first Wednesday of every month.
  6. Go on a “clothing” fast. If you “ really” need something, go to Goodwill or another resale outlet.
  7. Cancel your cable....you can restore it when you get a job.
  8. If you decide to eat out, go someplace that offers a free meal with a purchase. Going out occasionally will lift the spirit! Another idea…if the weather permits, go on a picnic.
  9. Put away your credit cards. It is easy to buy things on credit, but it’s not fun when the bill comes.
  10. GET MOTIVATED! Create your own Excel spreadsheet and record your spending habits. You don’t have to be a CPA or an accountant.

Give Us A Call



CPRW rwca