Life is full of unexpected changes, hurdles, and setbacks. Fortunately, with a little foresight, discipline, and determination, you can weather the storm. Here’s how:
Before you panic and rush to hastily-made decisions, take a moment to think intentionally about your situation. Reflect on the following questions so you can learn from what happened, determine the best action plan for your needs, and (hopefully) prevent this situation from happening ever again!
It is normal to feel sad, angry, anxious, or frustrated during hard times. We strongly encourage you to practice money mindfulness to process your emotions. Some helpful self-care practices include journaling, meditating, or talking with a friend.
After you understand why and accept that you’re going to be okay,
LET IT GO.
The past is behind you, and now is the time to take action.
Following an unexpected setback, you’ll likely need to make some adjustments in your budget to accommodate the loss of income.
No one wants to think about the potential financial hardship on the horizon. But as we’ve already learned, we have to expect the unexpected. There is nothing anyone can do to eliminate the possibility of setbacks, but we all can take steps to lessen the impact, including:
Don’t forget: you already know how to navigate financial hardship – that’s what led you to Exodus Lending in the first place! You’re free from payday loan debt because of your ability to accept your situation and ask for help, make adjustments and take action by enrolling in our program, and anticipate future setbacks by saving and by never taking out another payday loan.
You’ve tackled at least one financial hardship already. Believe in yourself and your ability to take on any future hurdles that may come your way. We believe in you.
Money Management E-newsletter: June 2019