The practical guide to debt management methods during 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 apply debt management methods during the covid recession.

Device a master plan to overcome recession and stay out of the traps of recession associated distress.


Welcome to the comprehensive course on Practical debt management methods during the covid recession.

R Tutor is a team of training professionals who explain complex information in the simplest form with relevant examples.

We are all spending a disproportionate amount of time trying to figure how the world will be after this corona saga. Some romanticize work from home; some fear the deepest recession; some imagine complete government control of our lives, and some like to see the end of flap validation and return to local community-based living. We just don’t know.

We love living in the tomorrow. The idea that there is a better place to go to, and that somehow it will all be different, and nicer. So we imagine we will holiday after retirement; get fit someday in the future, and begin saving and retire our debts in that bright tomorrow. Our resolutions for our post-covid-19 world are quite similar. They help us cope, deny, forget and escape current realities. 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, Practical debt management methods 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 apply debt management methods during the covid 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 it 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!






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

The 5 Stages of Grief & Loss

Stage 1 – Denial & Isolation

Stage 2 – Anger

Stage 3 – Bargaining

Stage 4 – Depression

Stage 5 – Acceptance

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

Reasons of Loss of Job / Work

Lack of Motivation

No Self-Discipline

Poor Attendance

Inappropriate Behaviour

Low Job Performance

Minor issues of conduct/misconduct

Capability / Performance


Breach of a statutory restriction


Managing Unemployment Stress

Why is job loss so stressful?

Grief after job loss

Reach out to stay strong

Involve your family for support

Face your feelings

Get moving to relieve stress

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Eat well to keep your focus

Take care of yourself

Stay positive to keep up your energy

Coping with Business losses

Find someone who will listen to you

Communicate completely what happened

Write down what you learned

Make it firm policy

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


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

Solutions to get rid of Loans

Reading Law books related to Debt

Prioritizing the loans

Stop taking further loans

Pay yourself first

Self-repayment plans

Consolidating Loan

Voluntary Depositing

Credit Counselling


Debt settlement

Assets Liquidation

Debt relief Order

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