Personel Finance Essay Example | Topics and Well Written Essays - 250 words

Personel Finance - Essay sheathIn the event that I lose my job and I do not have a source of income, I will adjust my financial lifestyles, budget and the financial plans that I have. The following analytic thinking will look at the specific steps and how my new lifestyle will be like.The prejudice of job will be characterized by decline in my income hence difficulties in making my ends meet. The first base will be to accept this new situation and discuss it with my important people in my life. I will adjust my budget so that I only spend my money on the basic principle of the life and only on what I can afford at the current economic status. This marrow I will adjust from spending on the things that do not bring each cheer in life at current status. For example I will stop going let out or adjust to going out to the places that I can comfortably afford. I will spend the remaining resources to get another source of income such as securing another job or any income generatin g project. I will stop buying expensive clothes and only buy the basics. On the colossal term basis, this will affect my expected investments such as building my own