Author: Susan Oriely

Article:
To survive times of financial crisis, it is crucial to keep in
mind the two most important imperatives. First, don't panic;
second, set your priorities.

A calm thoughtful approach to your family's evaluating
necessities becomes your priority in today's tough economic
times. Look at your monthly income (or average monthly income)
and subtract from it you fixed costs of living. Fixed costs are
housing, utilities, food, auto (or other mode of
transportation), clothing (necessities), insurance, child
care/school, etc. DO NOT INCLUDE CREDIT CARDS. Recreation and
luxuries are not necessities. Are you making enough to cover
fixed costs? Are you living beyond your means?

Financial lifestyles can be changed. You may need to liquidate
some essential items, even real property or cars to help
maintain financial survival for you and you family. Unsecured
bills, family loans, and credit cards may have to be put on
hold; anyone you owe money to can be convinced to hold off if
approached correctly. Carefully consider who takes a bite of
your next pay check before you hand over your money. It would be
a wise decision to talk to a professional for analysis of your
personal financial situation. Most of all, explore your options.

About the author:
CuraDebt.com is a center for helping consumers nationwide become
debt free without filing bankruptcy. The agency provides a FREE
Debt Freedom plan consultation at 1-877-850-DEBT(3328) or on the
web site: http://www.curadebt.com/a/1241.

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