Your ultimate guide to managing family & friends after the covid-19 recession. Adapt to the new normal. Enroll now!
What you will learn
☑ List to cause and effects of the recession caused by covid-19 into the life of an individual.
☑ Keep yourself on top of the recession-related issues and make the most out of your abilities in managing family & friends during the recession.
☑ Device a master plan to overcome recession and stay out of the traps of recession associated distress.
Description
Welcome to the comprehensive course on Guide to managing family & friends during the recession.
R Tutor is a team of training professionals who explain complex information in the simplest form with relevant examples.
During any recession, news stories about unemployment figures take center stage while the families dealing with the recession suffer, often quietly. People work hard just to stay afloat in hopes that the economy will turn around soon, but often to no avail.
While many families do their best to carry on as if nothing is wrong with the world, recessions can have a profound effect on their day-to-day interactions and the way they live. Families may not be able to avoid the effects of the recession, but they can make changes that can improve their situations and help them prepare for the future, while they wait for an economic upswing.
The course shows some of the ways that recessions have an effect on families, and the ways to combat those effects. This course covers every aspect of the application. It helps you master the most needed knowledge and to create create a pool of wisdom by completing this course. Managing family & friends during the recession.
On completion of the course, you will be able to:
List to cause and effects of the recession caused by covid-19 into the life of an individual.
Keep yourself on top of the recession-related issues and make the most out of your abilities in managing family & friends during the recession.
Device a master plan to overcome recession and stay out of the traps of recession associated distress.No prior knowledge on this topic is required.
Everyone can take this course and is best suited for:
Individuals and families facing the impact of recession due to covid-19.
Professionals and business owners looking to minimize the effect of the recession.
Everyone who is involved with any kind of business or financial institution.
Your wait is now over. Here is the course which helps you get started and fully equip you with the protective measures against recession.
It’s the beginning of the new normal! Enroll now!
English
Language
Content
Introduction
Introduction
Course description
Prerequisites & Target audience
Course objectives
Table of content
Understanding recession
Definition of recession
What happens during a recession
Average duration of recession
Causes of recession
Recession due to natural disaster
Recession due pandemic
Recession due high interest rates
Recession due a stock market crash
Recession due falling housing prices
Recession due Industrial slowdown
Recession due to regulation
Recession due to poor management
Reason for 2008 recession
Reason for 2020 recession
Emotional Effects of recession
Loss of jobs and employment
Disturbed family life
Unwanted lifestyle changes
Crunched family budgets
Lack of business opportunities
Fluctuation in real estate value
Loss of education opportunities
Increase in debt
Financial effects of recession
Costs Associated with Direct Losses
Costs Associated with Indirect Losses
The Commodity Effect and Scarcity
Opportunity Costs
Coping With Stress – Pandemics
Talk about it
Spend time with friends and family
Take care of yourself
Limit exposure to images of the disaster
Find time for activities you enjoy
Take one thing at a time
Do something positive
Avoid drugs and excessive drinking
Ask for help when you need it
How to survive recession
Preparing for a recession in advance
Create an emergency fund
Pay off all possible debt
Create new income opportunities
Branch out your investments
Reduction in regular expenses
Keep the money flowing in
Keep saving as much as possible
Find ways to enjoy life
Stop Impulse Buying
Create a 30-day waiting list
Avoid going to big malls
Reward yourself without spending
Avoid online shopping websites
list and a plan for your purchases
Check reaction to impulse buying
Research alternatives before a purchase
Healthy food tips in epidemic
Keep up fruit and vegetable intake
Dried or canned alternatives
Build up a stock of healthy snacks
Limit highly processed foods
Make cooking and eating a fun
Maintain General food hygiene
Drink ample water
Take citrus food and Multiviamins
Moonlighting Jobs to Earn Extra
Elderly Companion
Delivery Driver
Hotel Night Desk Clerk
Bartender or Hostessing
Caterer’s Assistant
Beach or Pool Lifeguard
Warehousing
Local Tour Guide
Dog Walker
Freelance Blogger & Writer
Money tips for salaried earners
Make a budget & start saving
Frame your financial goals
Invest in right instruments
Maximise tax savings
Opt for the right insurance
Improve your salary structure
Save for an emergency
Avoid debt traps
Saving on day-to-day expenses
Reduce or eliminate dining out
Cook all meals at home
Reduce intake of Soda
Prepare coffee at home
Do your own personal grooming
Clean your car at home
Avoid professional dry cleaners
Exercise without Gym
Travel economy
Spending Quality Time with Family
To Strengthen the Bond
To Inculcate Values
To Show Kids That They Matter
To Teach and Learn New Things
To Pass on Traditions
Learn to Deal with Highs and Lows
To Understand One Another
Ideas to Maximize Family Time
Have At Least One Meal Together
Exercise or Workout Together
Go for a Walk After Dinner
Pick a Book to Read
Plan a Day Out Each Month
Turn Off Your Phone
Cook a Meal Together
Clean the House Together
Spread Smiles
Help Children with School Work
Common scams during recession
Advance fee fraud
Lottery, sweepstakes scams
Dating and romance scams
Computer hacking
Online shopping and auction scams
Online bank account scams
Small business scams
Job and employment scams
Golden opportunity & gambling scams
Charity and medical scams
Friends Without Money
Find free or cheap things to do
Talk to your friends about money
Offer to pay more than your share
Let friends voice their concerns
Reconsider judgments about money
Realize broke or poor
Recap
Recap