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7 Financial Best Practices Right After a Lay-Off

Getting laid off is a challenging situation for a number of reasons. It’s a surprise, disruption, and morale hit. But most importantly, it’s a sudden loss of income. If you already have debt and are worried about living off credit cards until you can secure a new job, now is an important time to plan your finances very carefully.

Marathon Money: Long-Term Financial Planning Strategies

In marathon running, you need to conserve your energy, planning for the long-haul instead of burning everything you’ve got right away. The same is true when it comes to building a a plan for your budget, savings, debt repayment, and even investments. By planning your budget like a marathon, you can set yourself up for long-term success.