A Financial Plan for the Newly Rehired
Brett Arends, of the online.wsj.com, wrote a great article last Friday about how to get back on your financial feet once you’ve found a job. Here are a few of his suggestions:
Confront your debt:
If you are behind on debt payments, you should talk to your lenders and discuss the situation. You may be able to negotiate with them a reasonable catch-up plan. Remember: Your mortgage lender needs to come first, because that debt is secured against your home.
Get yourself insured again:
If you had let any critical insurance lapse while you were unemployed, this is the moment to look into getting yourself covered again. That may include signing up for health insurance at your new workplace, as well as purchasing life and disability coverage.
Stay frugal:
Keep those expenses low.
To read the entire article click here.
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