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Learn how to recover from a financial setback. Get actionable tips to reduce expenses, access benefits, and consolidate debt.
Learn how to recover from a financial setback from loss of income or loss of savings. In this course, financial expert Jane Barratt walks through how to get reorganized and prepared after you experience a financial setback. Learn how to understand your new baseline, get your expenses and income sorted and balanced, reduce the cost of your debt through consolidation and refinancing options, and prepare for the future. Plus, learn how to access state and federal benefits available within the United States.
Overview
Syllabus
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Introduction
- Recovering from a financial setback
- Calculating your money position: So where do you start?
- What is your cash flow and how to calculate it?
- Take a close look at your expenses
- Exploring your income options
- How do you access state and federal benefits?
- Should you be thinking about your long-term income streams now?
- Understanding debt
- Can't pay your debts? What are your options?
- Last resort: Bankruptcy
- How much is enough?
- Don’t forget your assets
- Next steps for recovering from a financial setback