Creating a survival budget when times are good empowers you to take charge in tough times, cope well and get back on your feet.
Financial resilience is the ability to withstand and adapt to hard times. Take these steps to better survive future money troubles.
The words ‘financial crisis’ seem everywhere these days, but you don’t need a global credit crunch or a recession to experience a financial crisis. Financial crisis can be something personal caused by job loss, ill-health, accident or natural disaster. But does this mean that we are powerless victims to external events, or are there things that we can do to protect ourselves or lessen the blow from financial crises?