Families need to talk about what is going on and changes that must be made.
Released February 25, 2009
AUBURN UNIVERSITY, Ala. - Having to live on less money can be hard for everyone in a family. Families need to talk about what is going on and changes that must be made.
Here are steps you can take to get through this hard time:
- Apply for unemployment benefits at your local Employment Security Office.
- Look into other types of job search services and financial aid programs near your home.
- Cut back on your expenses. Stop all unneeded spending.
- Make a spending plan to help you budget your money for the whole family.
- Seek out food pantries or soup kitchens. Apply for food stamps.
A spending plan can help you know where your money is coming from and going to. Pay your bills on time. Save for the things you need and want the most.
Other tips for dealing with less money:
- List your basic needs.
- Talk about what your family needs the most.
- Decide which bills must be paid first.
- Use credit for emergencies only.
- Contact your creditors and tell them why you are having a hard time paying.
- Look for ways to increase your income.
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Contacts: Lovie Burrell Parks, (205) 367-8148, burrell@aces.edu
