Summary of Michelle Singletary's What To Do With Your Money When Crisis Hits
Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 If you're financially frustrated, this chapter may be overwhelming. But press through to the end. Some of the advice may be difficult to implement, but it's important to remember that this is for your own good.
#2 If you're in a financial crisis, you should triage your debt payments and bills, ensuring that the most important bills are paid first.
#3 Having a roof over your head is vital, and if you can't pay your rent, the first thing you should do is talk to your landlord or mortgage servicer, which is the company or lender who handles your home loan payments.
#4 Communication is key when it comes to dealing with a financial bind. If you have a mortgage, lenders will work with you for as long as you're current on your payments. But the longer you wait to communicate about your situation, the fewer options you may have.
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Sample Book Insights:
#1 If you're financially frustrated, this chapter may be overwhelming. But press through to the end. Some of the advice may be difficult to implement, but it's important to remember that this is for your own good.
#2 If you're in a financial crisis, you should triage your debt payments and bills, ensuring that the most important bills are paid first.
#3 Having a roof over your head is vital, and if you can't pay your rent, the first thing you should do is talk to your landlord or mortgage servicer, which is the company or lender who handles your home loan payments.
#4 Communication is key when it comes to dealing with a financial bind. If you have a mortgage, lenders will work with you for as long as you're current on your payments. But the longer you wait to communicate about your situation, the fewer options you may have.
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