Topic 10 of 10
Preparing for and Recovering from Financial Shocks
What to do in the first 30 days after income stops, and a family emergency plan for disasters, illness, and sudden changes.
A money shock can happen to anyone: a layoff, a cut in hours, a federal shutdown, an illness, a fire, or a flood. These lessons help you act quickly when income stops and prepare your family before an emergency. They build on the Money Smart for Adults modules on spending plans, insurance and records, and disasters that Dollar Scholars teaches in its free classes, with rules and places to get help in DC, Maryland, and Virginia.
Builds on Money Smart for Adults
- Module 4: Your Spending and Saving Plan (Section 2, When Money Is Short)
- Module 14: Disasters: Financial Preparation and Recovery
- Module 11: Protecting Your Identity and Other Assets (Section 3, Insurance and Record-Keeping)
Lessons in this topic
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When Income Stops: Your First 30 Days
A 30-day plan for a layoff, cut hours, or a government shutdown: decide which bills come first, apply for help, and avoid costly traps.
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Your Family's Financial Emergency Plan
Build a document kit you can take in minutes, check that your insurance fits your risks, and choose who can manage your money and care for your children if you suddenly cannot.
Completed