Get your badge, Officer Friendly. It’s time to save a life. And that life is your bank account! Seriously, times get tough when you face a financial emergency; and all emergencies come in different sizes and shapes–
Natural Disasters, Accidents, even Deaths in the Family. There are many more to even think about before listing. So in a fairly delicate nutshell, when it comes to financial problems, the sky is the limit, and the world is simply not perfect.
Here is what you do when facing a financial crisis:
One, you have to evaluate your situation. You have to know whatever it was that got you in that “money pickle”. Understanding the problem is the first step to solving it. Oh, and be sure to do this one thing, too: STAY CALM.
This isn’t the fun part, but it’s completely necessary: prioritize your expenses. One would think it’s more important that you have a roof over your head to protect you from the natural elements than Spike TV or the Discovery Channel. So consider what expenses can slide, and focus on the expenses that are absolutely essential: like food and shelter.
Believe it or not, negotiating with your lenders is in BOTH the interest of the lenders and yourself. So don’t discount the opportunity to call and discuss your options. Keeping your particular account helps them, too. If you didn’t have an account with them, they’ve essentially lost a client. So don’t be afraid to pick up the phone and call.
No one likes to borrow money from a friend or family member, but honestly sometimes it’s the way to go; and it can help tremendously. So be sure to be in the know with your closest, so they can be in the NOW with helping you out of your emergency.
Take into account these steps, and the crisis will be averted. At ease, officer. You’ve already saved a life. Your bank account!