HUMS 202 Lecture Notes - Lecture 11: Credit Counseling, Credit History
1 Nov 2016
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Evaluate your current financial situation: write down. How much you currently prioritize and spend the money you receive. Remember: financial recovery process is a slow and steady one, you may need to ask for help along the way. Michelles should evaluate her current financial situation and track her spending before developing a financial recovery tips for increasing your income. Take on part time job if already work full time. Seek unemployment assistance if you"re unemployed and not already receiving assistance. Rent out extra bedroom in your home. Start by reducing/eliminating one new expense every month or two. Eliminate/reduce expenses that are wants and desires versus needs. Plan and save for certain items rather than using your credit card. Develop and follow a budget to reduce spending and credit card use. Reduce number of times you eat out. Become a smart shopper: make list and stick to it, purchase necessary items reduce utility bills prioritize expenses.
