In the case of a future recession, there are many things you can do to manage your financial situation. How may job losses effect you and what can you do to prepare? What should you do with your debts, and your outstanding investments? What about savings? In this video, I share some of my best tips, and invite readers to share theirs as well.
Write us a comment, and tell us how you would prepare for a recession.
In this Globe and Mail article, Rob Carrick interviews myself to provide tips on how to manage your finances after losing your job. Read on to find out the four step to managing your finances during unemployment:
By: Rob Carrick at the Globe and Mail (April 7, 2009)
The monthly report on unemployment is the recession’s casualty list, but with numbers instead of names.
We’ll get a fresh dose of numbers later this week when the March unemployment rate is announced. What should you do if your job was just cut – or if you foresee this happening soon? Let’s get some advice from financial planner Ted Rechtshaffen, who has had to counsel some of his clients lately about job loss. READ MORE AT SOURCE…
