If you or your family are faced with a reduction or loss of income, you’ll need to develop a plan to help you meet your expenses. It’s important to look realistically at the situation and actively seek solutions to your problems, despite the discomfort it will initially bring.
Many support services exist in Indiana to assist those coping with unemployment or other sudden loss of income. This fact sheet presents an overview of the major resources that people can draw upon when they find themselves out of a job or in economic difficult
If your income has suddenly decreased, you may be worried about how you will have enough money for all of your expenses. In order to adjust your spending to fit your current situation, you need to know where you are financially. Use these steps to have a better picture of your financial situation and consider resources that can help you manage right now.
The Covid 19 pandemic is causing major changes in our lives. These include social isolation, working from home, and for some, the inability to work. This leads to a drop in income and security. When this happens we are likely to become stressed as you cope with the worry of how you are going to pay your bills and care for your family.
Abrupt loss of income, whatever the reason, is traumatic. Often the financial setback was not anticipated. When it happens, a common instinct is to panic. Although natural, the temptation to tailspin must be avoided as much as possible.