Experiencing a financial crisis can be one of the most challenging situations anyone can face. However, it is essential to remember that there are practical steps you can take to get back on your feet and overcome this difficult situation. If you find yourself completely broke and in need of immediate help, there are different strategies you can adopt to get through it. To help you navigate this situation, here are 15 things you can do when you’re completely broke
1. Assess Your Financial Situation
To get a comprehensive understanding of your financial situation, it’s important to start by creating a detailed list of your income, expenses, and debts.
Begin by gathering all the relevant financial information, including your sources of income, such as salary, rental income, or any other investments.
Next, list out all your monthly expenses, including rent/mortgage, groceries, utilities, transportation costs, and any other recurring expenses.
Lastly, list out all your debts, including credit card balances, loans, and any other outstanding payments.
This exercise will give you a clear picture of your current financial health and help you identify areas where you can improve your financial situation.
