15
Jan
Jan
Planning for the loss of a job…
Do you have a disaster plan? Don’t worry, most do not have any idea what they would do if they suddenly lost their job, but you can plan to minimize the effects of losing your income. The economy is in a rough spell right now so having your ducks in a row and planning for the worst case scenario is something you need to make a priority right now.
Have an emergency fund. Start saving today and make it automatic, like you would a monthly bill. Save until it hurts, make sure your obligations are met but make sure you make your family a prioprity by saving as much as you can every month. This is the easiest way to insulate your loved ones from being down-sized.
