Getting back on track financially after recovery from addiction
Assessing the Current Financial Situation
The first step towards reclaiming financial stability is to take stock of your current situation. This involves gathering all financial documents, such as bank statements, bills, and credit reports, to get a clear understanding of your financial standing.
Assessing your income, expenses, debts, and assets will provide a solid foundation for developing a plan to improve your financial health.



Creating a Budget and Financial Plan
Once you have a clear picture of your finances, it’s time to create a budget and financial plan. Start by identifying essential expenses, such as housing, utilities, groceries, and transportation. Then, allocate a portion of your income towards paying off debts and building savings. It’s crucial to live within your means and avoid unnecessary expenses that could derail your progress.