6 Keys to Bouncing Back From a Financial Disaster

4. Generate extra income. This is another proactive step you should take when dealing with a financial crisis. Consider holding a garage sale or selling unwanted items on Internet auction sites. If you enjoy a hobby, you can use it to increase your income. For example, if you enjoy sewing, offer your services to neighbors, relatives and friends for a fee. Use the money to help offset any drop in your regular income.

Getting a part-time job is also a way to get the extra cash you need to survive. However, it is important that the money you earn is more than the amount spent on child care or work clothes for that job.