Clever Ways To Manage Money And Savings When Times Are Tough

Managing Money & Savings When Life Hands You Lemons

Savings are important. We all know it, and hear it from a variety of sources from a young age. But, while we all realize the importance, we aren’t all in a position to save. In fact, for those on a low income, money is tight, even without the addition of savings.

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It’s not the end of the world, and we get on with our lives. That is until life decides to hand us a bucket of lemons. Then, we’re in trouble. Not only do we not have savings, but we have no excess money to play with. It’s a nightmare, and it can be tough to know how to move forward. But, there is always a way through. We’re going to look at a few of those lemons, and discuss how to make lemonade without savings behind you.




Injuries are a nightmare for low earners for a variety of reasons. In fact, as lemons go, they don’t come more bitter than this. For one, you’ll need to find the money to pay hospital fees. Not having savings often means not having health insurance, so you can be sure that injury is going to cost. You may also need to take time off work, which is the last thing you need after that hefty medical bill.


It’s no wonder many of us have to turn a financial mind to injuries. If someone else was at fault for what happened, many of us have no choice but to make a claim. This attempt for compensation is, in many ways, the only hope we have. Of course, taking someone to court costs money, and it can be a while before you see a return. The good news is, you could opt for injury case funding while you wait. This is a prepayment which will ensure you’re not left in dire financial straits during the lead up to your case.


Those of us without savings dread things going wrong in the home. Your home is, after all, essential to your comfort and well being. If things go wrong and you can’t afford to fix them, you’re in for a rocky ride. The good news is, there are options when something does go wrong. Familiarizing yourself with budget friendly home renovating will allow you to keep costs down. You could also turn your hand to some DIY. You may not be able to solve the problem, but you should at least be able to fix it up for the time being.





The thought of unemployment is enough to send anyone’s knees knocking. But, that fear becomes even worse when you haven’t got savings. If you lose your job, you’ll have nothing to live off. In that situation, it’s important to find alternative money making routes as fast as possible. Sell anything you don’t need. Create an online shop and make things for it. Sign up for online survey sites which offer money. Whatever you choose, think fast to start making money.

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