It is important to learn how to turn potential financial tragedy into a temporary setback here in Sri Lanka. As we all are aware that we are going to a critical situation day by day. However, the prospect of something expensive and beyond your control happening becomes less threatening if you’re properly prepared for the situation. Here are 10 steps for how to deal with an economic crisis. Surely, this might be little help to survive.
1. Maximize Your Liquid Savings
2. Make a Monthly Budget
3. Minimize Your Monthly Bills
4. Closely Manage Your Monthly Bills
5. Assess your Non-Cash Assets and Maximize Their Value
6. Pay Down Your Credit Card Debt
7. Get a Better Credit Card Deal
8. Find for Ways to Earn Extra Money
9. Check Your Insurance Coverage
10. Keep Up With Routine Maintenance
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