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Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
Managing Your Finances While In Job Transition
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Managing Your Finances While In Job Transition

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Managing your finances

Managing your finances

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  • 1. MANAGING YOUR FINANCES WHILE IN JOB TRANSITION
    Finding Hope in Hard Times
     
  • 2. RESOURCES
    2
    Managing Finances
    Gaining Control-The Most Important Steps
    CCCS Atlanta
    First Steps to Take
    Cashmoneylife.com
    25 Ways to Save Money
    365 Ways to Live Cheap! (Book)
    The Ten Biggest Tips For Living Cheap
  • 3. 3
    RESOURCES
    Dave Ramsey
    7 Baby Steps/FPU
    Crown Ministries
    Money Map/Budgeting Tools
    Other Sources
    Suzie Orman
    Clark Howard
    CNNMoney.com
    Personal Finance Books
    And, of course, Google
  • 4. MANAGING FINANCES
    4
    The Basic Law of Economics –
    “Don’t spend it if you don’t got it”.
    Key Questions:
    Will my current balance cover my bills
    How long will my current cash supply cover my basic living needs
  • 5. MANAGING FINANCES
    5
    Key Steps:
    Stay Calm
    Plan Ahead
    Know what your company will be giving you
    Add up all the essential bills. Know what you need to cover basic costs
    Prioritize your bills
    Cut out all other expenses
    Keep a diary of all your expenses
    Be very careful when using credit
    Possibly take a temporary position
    Explaining your situation to your family
    Seek help and support if you are having difficulty
    (or even if you’re not)
  • 6. CCCS ATLANTA
    6
    Look into unemployment benefits
     
    Look for potential sources of additional income – what are the opportunities? maintain flexibility for interviews
     
    Review your budget – reduce or eliminate what expenses?
     
    Prioritize expenses – pay basic living expenses
     
    Things to Avoid – debt, cash advances, small loan retailers, home equity loan?, retirement accounts?, 401K (keep matching $ in play)
  • 7. CCCS ATLANTA
    7
    Seek Help – utilize community resources
     
    Plan for the unexpected – set aside a portion of income in a savings account
    About CCCS:
    1-800-251-CCCS
    www.cccsinc.org
  • 8. MANAGING FINANCES
    8

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