University of Maryland Extension

Financial Resources

Managing Personal Finances in Financially Challenging Times

Money is one of the top stressors of Americans. Many American families are experiencing financial stress such as having difficulty paying bills, not being able to save, and putting off health care needs. American farmers and ranchers are struggling with financial pressure such as declining farm income, increasing production costs, and low commodity prices.

On the family farm, personal finances and farm finances often overlap. The following links provide information and resources to help manage personal finances during financially challenging times.

Topics covered include understanding your situation, tracking your money, coping with financial stress, managing income and spending, to name a few.

 
  • Managing Money in Tough Times: Taking Charge in Challenging Times - More Americans feel added stress and anxiety about their financial future as talk of rising consumer debt, falling housing prices, rising costs of living, and declining retail sales bring up worries about the nation’s economic health. Learning positive money management techniques can help you and your family adapt to tough economic times. From eXtension.
  • Managing Your Personal Finances in Tough Times - This website is designed to share proven resources used and/or developed by Wisconsin Cooperative Extension Financial Education professionals. It is designed to help people make sound financial choices in tough times. All materials are free for personal use. From University of Wisconsin Cooperative Extension.
  • Getting Through Tough Financial Times - Whether you have lost your home or job or are concerned with the decreasing value of your assets, you must rethink your money management strategies to minimize the impact of the current financial situation. This website is designed to help you make good decisions during these tough financial times. From University of Illinois Extension.

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