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University of Nebraska–Lincoln

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Families: Nebraska's Future

Family Trouble

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Keeping Families First

Programs are available throughout Nebraska to help meet the needs of families and children


When Income Drops and Expenses Keep Coming

Keeping Your Family First


If you are faced with a drop in income but expenses keep coming it will be important to plan very carefully.

* Make a list of current bills and due dates. Add any emergency needs such as a child's winter coat.

* Develop a list of community resources such as the food bank, resale stores, food stamps, reduced school lunches and heating assistance.

* Write a list of potential ways to add income. Do you have a skill you could use to add income? Can you sell or rent something, using the community bulletin boards, radio call-in shows, the "penny shopper," garage sales or consignment shops.

* Arrange to continue health insurance coverage. In times of stress, health insurance is even more important.

* Negotiate to lower the cost of vehicle insurance. Drop unnecessary coverage. Arrange smaller but more frequent payments.

* Negotiate a payment plan with landlord or mortgage banker. Also talk to the utility company.

* Put the credit cards away. Try not to use them unless absolutely necessary.

* If you can't make the minimum payment on a credit card, call the company and arrange for reduced payments. Sending a reduced payment (as long as it's something) keeps you off the delinquent list of some credit card companies.






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