GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
Orman wants you to have at least eight months of living expenses in afederally insured bank or credit union.
Orman warns against putting your emergency savings in the stock market or relying on ahome equity lineof credit.
Banks may deny access to credit lines during economic downturns.
you could even start by calling your credit card company and asking them to lower your interest rate.
Theres no guarantee it will work, but Orman says youll be surprised by how often it does.
Like any difficult situation that impacts your money, recovery requires you to dig deep and believe in yourself.
Having confidence in your abilities is central to Ormans advice.
You cant rewrite the past.
You cant undo the past.
But you sure have 100% control over how you navigate the future.
More From GOBankingRates
Share This Article:
