Managing your finances

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