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.
One of the best ways to improve your budget is to change the way you spend. Always going over-budget can lead to financial stress and anxiety, but smart spending can instill confidence while also helping to make your budget more comfortable every month.
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.
