What should you do when your income drops?

If you’ve lost your job or had a loss of income for other reasons, it’s a challenge in the best of times. In the current economy, it’s essential to map out a plan to get back on your feet again.

Possible ways for moving forward include:

• Think positive
• Simplify your lifestyle
• Work temporarily at a second job
• Find another job
• Return to school
• Start your own business

When mapping out a plan, consider:

• The magnitude of the problem
• Your assets
• Your priorities
• Your options
• The unexpected
• A timeline

See the University of Georgia Cooperative Extension Web page, When Your Income Drops, for fact sheets, activities, and PowerPoint presentations to help you brainstorm and make a plan for the future.

Copyright 2010, Rita R. Robison, Consumer Specialist