How to Manage Money in a Financial Crisis

Apr 15, 2020

 

Welcome to The Catch Your Money Podcast Show!

It’s kinda ironic that April just happens to be financial literacy month and many have found themselves in a place that money is a concern with job losses, hours being cut back or even fewer customers buying from your business because they need to tighten the purse string.

So on this episode of the Catch Your Money Show, I’m going to share 7 tips for how to make the best financial decisions during a financial crisis. Now, these tips are relevant no matter what the crisis is so even if you’re not in a financial crisis right now, you may want to take notes anyway so you can avoid the impact a financial crisis could have on you.

Here’s a sneak peek of the convo:

• [03:11] The first step to managing your money in a crisis is to do a net worth analysis.
• [07:05] How to create a crisis spending plan and how it differs from a regular spending plan.
• [11:20] How to prioritize spending decisions and which items can be put on hold temporarily.
• [19:19] Ways to generate some extra income during a financial crisis.
• [28:09] 7 things to do right now if you're experiencing a financial setback.

FREE MASTERCLASS: To sign up for the free masterclass, The Battle Plan for Your Best Financial Year Ever or the full show notes, along with resources mentioned in the episode, go to www.catchyourmoney.com/08

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