If you cannot make your payments to creditors, you will need to contact them and talk to them about your new situation. Before you talk to creditors you will need to determine how much money you owe and how much money you will have to pay your bills.
When Your Income Drops–Set priorities for Spending
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.
When Your Income Drops-Take Stock of Community Resources
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
When Your Income Drops-Take Stock of Family Resources
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.
When Your Income Drops-Control Stress
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.