Sometimes things happen to good people even when you don’t want it to happen.
Knowing what to do in times of financial difficulties can make a difference for you and your family.
Sometimes you think you are doing the right things and something happen to you or your mate and this can be from losing your job to getting divorced and this is the time having a good plan comes in handy.
Not knowing how to recognizing the signs in time of danger and taking the right step can make a difference in living well with the family or constant worrying.
Having an emergency backup plan for you and your family helps you if something may go wrong.
Writing out your plans helps you to put it into reality. Having a lifesaving jacket on does not mean that you plan to have a problem yet if a problem arise you are prepared so too is your backup plan.
Look for the place within that feels vulnerable if you or your partner lose your job and take steps to do something about it before it happens.
Let’s say you are worried about losing your job then taking the time to create a new resume and send it out or writing out alternative ways for you to make a living bring you to feeling more empowered.
Do you have a list
If you were in the position that you lost your job do you know what you would cutback on, what are the things are you ready to give up on.
This list may consist of the things that you can live without and this maybe trips to restaurant, movies, cable television, credit cards, selling the car, downsizing by selling your house and renting an apartment.
It is an exercise in understanding how far are you willing to go to keep you and your family safe when a disaster comes knocking at your door.
Good plan and consistency
No one is looking forward to having difficulties with money yet being prepared to first see the signs and having an agreement with your partner on a time limit to do what it takes to turn this situation around for your family.
Spending time on talking to your partner so both of you are together and not sabotaging each other and getting advice from people who have been through difficult times can help with a good plan and consistency you will be able to recover from financial difficulties.
It is important to know that when things get out of control with your finances don’t panic remember you still have choices to make, you are not box in as you would think and looking for solutions gives you strength to get out of the situation, know that you are not alone, you are not the first person this has happen to.
Conclusion : Creating a financial CPR way can help you stay on track before any difficulties comes along and break up your family way of life.