Since autumn 2008, a wave of economic and financial crises has been sweeping across the world. It is difficult to say when this will end or when a new wave of upheavals will come. It is worth considering a financial preservation plan during these challenging times.
Instructions
Step 1
Calculate your budget. Any planning begins with identifying the available financial assets. Write down clearly how much money the family receives per month. In another column, mark the expenses that are budgeted for the month. Strive to ensure that they do not exceed income in any way. This is the main condition for financial stability. Try to keep unnecessary expenses down every month. These include: new fashionable things, entertainment, unplanned purchases, etc.
Step 2
Get rid of all debt. It is difficult to live in times of crises with any form of debt. The most dangerous thing is to borrow money from banks at high interest rates. This should be avoided, even in the most difficult situations, as you will drive yourself into debt. Do not take consumer loans under any circumstances. Try not to borrow a lot of money from individuals on the security of valuable things. If your friends help you, always give money back on time.
Step 3
Avoid acquiring liabilities. This type of purchase can include a new car. He does not bring funds to the family budget, but only takes them away. Some people underestimate the seriousness of these acquisitions. The car will constantly pull money for gasoline and repairs. Moreover, in the event of an accident, you will have to spend well on replacing the units. Think well before buying this liability. An alternative option is to purchase a budget used car. But if the crisis has hit your finances hard, you should wait a while.
Step 4
Create multiple sources of income. There is no way to hope for just one venture. Even large firms go bankrupt during the crisis. As a result, small businesses are also being closed, as they are directly dependent on large market players. Find a profitable activity that aligns with your interests and does not distract from your main job. It can be a business on the Internet, selling household items, growing strawberries or mushrooms at home. In a crisis, there are many options for how to provide yourself with additional funds and successfully survive it in Russia.
