A financial crisis can strike at any given moment. It can result from losing a spouse who was the only breadwinner in the family or whose income was a supplement that helped carry the household. Job losses, illness, and even a government shutdown could create a crisis for anyone, from middle—to low-income earners to the poor who depend on assistance. I have listed some financial tips that could empower you as you navigate this season of your financial journey.
Avoid High-Interest Loans
I encourage you to avoid payday loans or other quick-cash options — the long-term cost could be an unforgettable detriment to your family’s finances. For assistance, look into alternatives like your local credit union loan programs.
Pause Auto Payments if Needed
Some financial institutions allow pausing certain loans and credit cards during the holiday
season. Inquire with your credit union or bank about pausing your loans earlier —
through January-February of 2026. Doing so could provide a reprieve.
Be proactive with auto-pays
If you’re worried about overdrafts or insufficient funds, consider turning off auto-pay and managing bills manually. Review your bank and online statements to make sure you have covered all bases. If you have already accumulated overdraft fees, contact your bank and explain your situation.
Look Into Unemployment or Furlough Benefits
Depending on your status, you may qualify for state unemployment or back pay — make sure to check your eligibility.
Remember: Wherever you find yourself now is temporary, but your financial stability is long-term. Take it one day at a time, don’t be afraid to ask for help if needed, and take care of yourself and your family first.
Feel free to share this with someone who might need it. You can schedule a 30-minute consultation with me at www.calendly.com/livemylifedebtfree.
