One of the most important things to do during financial hardship is to decide early in the game what your priorities are, and what, if necessary you could do without or minimize. IF YOU TRY TO HOLD ON TO TOO MUCH AS THE TIMES GET HARDER YOU WILL LOSE IT ANYWAY. And, you could also lose what you wanted most to hold on to. Preparation is the most important thing and it starts in the mind.
If decisions are made early you can use the money you save for other things. Example, you have deluxe cable with all the channels. If you are not willing to give it up entirely can you go to minimum service. The longer you pay for the deluxe the more your resources are depleted. Most of our decisions are not nearly so easy. If you are making a car payment can you sell it and buy one cash? Still to easy? Where would you need to live if you loose your job? Could you afford your home? For how long? Admittedly, it's getting harder. So, for now let's just end with asking ourselves....
What more can I do?
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