Strategies and actions to aid recovery from poor financial management - ASAP

Question 1

Some strategies and actions to aid recovery: crrsbsa

Answer 1

• Create a personal budget
• Roll all debts into one loan
• Regularly deposit a little cash into a savings account
• Set aside money for emergencies
• Be open to the idea of talking about money with those closest to you
• See if you can get a better plan with your bank or financial institution
• Access financial assistance

Question 2

Create a personal budget:

Answer 2

• Requires planning and management
• Makes sure your not overspending

Question 3

Roll all debts into one loan

Answer 3

• Instead of paying it separately you pay it in one loan
• Easy to access, manage
• Better picture of what you owe