Blog #What is a Crisis Budget?
Creating a Crisis Budget
We all know the importance of having a household budget in place to help us maintain control of where our money is going. What if a sudden financial crisis were to hit? Would you be able to meet your budget obligations on a reduced income? Unfortunately, you never know when a crisis will hit. Layoffs, overtime reductions, or the death of a spouse can happen without much warning, so having a Plan B in place before a crisis hit can help you.