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

Personel Finance - Essay ExampleIn the event that I lose my job and I do not have a offset of income, I depart adjust my financial lifestyles, budget and the financial plans that I have. The following analysis will look at the specific steps and how my spick-and-span lifestyle will be like.The loss of job will be characterized by decline in my income hence difficulties in making my ends meet. The first 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 further spend my money on the basics of the life and only on what I can afford at the current economic status. This means I will adjust from spending on the things that do not bring any value in life at current status. For example I will stop going out or adjust to going out to the places that I can comfortably afford. I will invest the rest resources to get another source of income such as securing another job or any income generating project. I will stop buy ing expensive vestments and only buy the basics. On the long term basis, this will affect my expected investments such as building my own