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Practical ways to deal with money loss
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[QUOTE="King bell, post: 337431, member: 75687"] Here is a list of how to deal with money loss when faced by financial setback: 1. Make an assessment: It’s crucial to understand the depth and source of the money loss. Evaluate your financial status, pinpoint areas where money was lost, and consider how much this affects your overall financial goals. 2. Budget: This is very important because it will help you have a clear picture on what you expect to come in every month and what should go out. Prioritize basic needs while minimizing non-essential expenditure. This way, It will be possible for you to regain control over your finance and be aware of where to make savings. 3. Cut off unnecessary expenses: Take a look at your expenses and identify items or services that can be temporarily or permanently discarded. For instance, this could include terminating subscription fee, reducing entertainment rates as well as lessening eating out rates. 4. Seek extra income opportunities: These days there are so many things that one can do so as to earn more money . This includes getting part time jobs, doing freelance work or even starting a small scale business from something you like doing most like painting. [/QUOTE]
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