When you have recovered from the shock of losing your job, there are a few things you should do as you enter the new phase in your life:
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Notify creditors of your situation, and inform them regarding your ability and plans to make payments. If you're a Citibank customer and are facing problems managing your Citibank debt, call the Citibank Credit Helpline at (65) 6395 0015. |
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Sit down with the members of your household and list all expenses. Determine which expenses can be eliminated, reduced or deferred. |
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Develop revised budgets covering the next several months based on the new information you develop. Control your spending accordingly. |
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Use new credit only for absolute necessities that cannot be delayed, foregone or paid for in any other way. Keep careful account of the credit used. |
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Take steps to regain employment, and take advantage of available programmes, benefits and insurance to supplement income. |
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Make use of community resources to maintain health, vitality and a positive outlook.
Eat well, sleep well and maintain social contacts. |
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Budgeting Basics