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dipaligopale · Joined: 25 May 2010 Posts: 790 22.70 Dollars($)

As everyone knows due to recession most of the guys have lost their jobs and me too.I am really worried how I will be able to manage my daily expenses?

jenkin7 · Posted: Tue Jun 22, 2010 11:18 pm Post subject:

Hi dipaligopale,

I understand how difficult the situation must be for you. But you are not alone. There are hundreds others who have lost their job during this recession. If they can fight it out, so can you. The market is turning around and I hope you soon find a good job.

Now that income is too limited, you'll have to live a frugal life. Your primary aim should be to meet the expenses which are absolutely necessary. List down all your necessary expenses and your monthly income. Make a budget and stick to it. If you have too many debts, try consolidating them to reduce the monthly payment.

You can check out the MortgageFit personal budgeting tool which can help you prepare a budget and track your expenses to tide over the period of recession.

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