4 Tips For Making It Through a Financial Rough Patch


Many parents can admit that they’ve had a financial rough patch at one point or another.  Whether they lost their jobs, had to take time off from suffering an injury, or found themselves in too much debt, it’s never easy to have to worry whether you’ll be able to feed your family or not.

The only thing to do when you’re in a tight spot with money is to get smart and follow tips that will help you make it through to the other side.  Here’s some of the best advice for families going through financial hardships, and how to stay strong. 

Don’t Lose Hope

It’s important not to fall into a negative train of thought. If you start assuming that you’ll never be ok again, or you’ll never make it through this, then you’re setting yourself up for stress and potential failure.

Anyone who’s ever made it through challenging circumstances will usually say the way that they survived was never losing hope.  It’s only in the absence of hope that people are indeed defeated. 

Get Proactive

Everyone reacts to stress and hardship differently.  Some people freeze up entirely and stay in a state of panic.  They spend all their time focusing on the problem rather than focusing on a solution.

One of the worst things that you can do during stressful times is to dwell on your stress.  Instead, spend your energy coming up with ways that you can solve the problem.  Look for the positive and stay hopeful.

Create a Strict Budget

When you don’t have a lot of money, it’s important to get smart.  Create a budget which carefully outlines precisely how much you can spend on what.  If you create limits for yourself, then you’ll be less likely to overspend.

It’s key to organize yourself with your limited resources so that you know exactly how much you have to work with.  Otherwise, you’re shooting in the dark and risk overspending.

Creating a budget is as simple as making a spreadsheet which outlines all your expenses.  Once you factor in the amount of money you’ll need to pay your basic expenses like rent, food, and bills, you can determine whether you have room for extras like eating out or entertainment.

Find Free and Creative Ways To Have Fun

When you’re in a tough spot and don’t have a lot of money to throw down for leisure, make sure you keep your chin up and continue to have fun.  Some people might let their lack of funds get them down.  However, you can have plenty of fun doing things that don’t cost anything at all.

Dance in the rain.  Make something creative out of materials that you already have.  There’s no limit to your imagination.