What to Do When You’re Almost Out of Money

With the way things are going for so many families, people are finding themselves draining savings accounts for survival.

The reality for many families is the struggle of trying to figure out what to do when your funds are almost gone and you have no idea when you will have more coming in.

REDO YOUR BUDGET FROM THE GROUND UP

Write down everything you owe and the expenses you need to cover for basic survival. Allocate the money you do have into where it is needed most for survival.

CUT OUT UNNECESSARY EXPENSES

While this is difficult when you feel like you have already cut everything there is to cut you may find yourself struggling to find things you can spare.

MAKE PHONE CALLS TO THE COMPANIES YOU OWE MONEY TO

This means your mortgage, car loans, gas, power, and water companies. Flat out tell them what is going on and ask for extensions on payments.

Once you figure out where you are going and what you need, turn your focus to looking for extra ways to earn money.

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