Dealing With the Cost of Living Crisis:
Strategies for Overcoming Financial Challenges
As the economic crisis continues to impact people’s financial prospects, it can be easy to feel pessimistic about the future. However, there are steps one can take to overcome financial challenges and enhance resourcefulness skills.
This session is designed to challenge long-held beliefs about money and to share practical methods for personal financial planning. By the end of this session, participants will have a thorough understanding of how to plan and commit to a budget, limit spending, live an affordable lifestyle, save, spend, and invest wisely, and get creative with their finances to survive and thrive in a recession.
- Planning and Committing to a Budget
- Limiting Spending: Needs Vs. Wants
- Living An Affordable Lifestyle
- Saving Vs. Spending Vs. Investing
- Surviving & Thriving In A Recession
- 21st Century Side Hustles
This session is interactive and participatory, with a mix of lectures, group discussions, and hands-on exercises. Participants will have the opportunity to apply the concepts learned in real-life scenarios and receive feedback from the facilitator.
By the end of this session, participants will have a better understanding of the challenges posed by the cost of living crisis and the strategies they can use to overcome them. They will have learned techniques for budgeting, saving, reducing debt, and finding sources of additional income. They will also have gained an understanding of the impact of inflation, housing costs, and other economic factors on their finances, and how to adapt their spending habits accordingly.
Participants will have learned how to access financial resources, such as government assistance programs, during a crisis and how to prioritize their spending to ensure their basic needs are met. Additionally, they will have gained insights into the importance of financial planning and how to create a realistic budget and savings plan for their future.