{"id":3566,"date":"2016-05-17T10:48:45","date_gmt":"2016-05-17T14:48:45","guid":{"rendered":"https:\/\/goday.ca\/blog\/?p=3566"},"modified":"2021-09-30T11:05:33","modified_gmt":"2021-09-30T15:05:33","slug":"recovering-from-a-financial-setback","status":"publish","type":"post","link":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/","title":{"rendered":"Recovering From A Financial Setback"},"content":{"rendered":"

\"Recovering<\/p>\n

Have you ever been in a situation that set you back financially? If you have, then you know the financial stress that can come with it. And one of the biggest challenges is being able to bounce back and get your finances back on track. No matter the situation, we created a go-to guide that covers the basics when it comes to getting back on your feet financially.<\/p>\n

Work With What You Got<\/strong><\/p>\n

After any setback, the first step is to evaluate your current situation. And the same rules apply when it comes to your finances. By seeing what you have to work with you will then be able to set up a proper budget and figure out what your next steps are regarding all money matters.<\/p>\n

Set Your Goals<\/strong><\/p>\n

After understanding where you sit financially, it\u2019s then time to set new financial goals. And depending on your current financial situation, your new budget goals may not be as attainable or the same as your previous ones. Remember, the key is to be realistic and set yourself up for financial success, because if you set your expectations too high, you will only be disappointed with the results and possibly hinder your financial means.<\/p>\n

Cut Expenses<\/strong><\/p>\n

When recovering from a financial setback you need to make every penny count. And like with any time you are trying to save money, the first thing you do is see where you can cut expenses. This will mean having to possibly cut or modify expenses or change daily money habits to make sure you\u2019re making the most out of your money. This is commonly seen in \u201cluxury\u201d or \u201cwant\u201d items such as your daily coffee or eating out. Finding alternatives such as saving money on groceries<\/a> or how to make money by going green<\/a> are other easy ways to get into new habits and spend less to help you save more.<\/p>\n

Keep Track<\/strong><\/p>\n

Whether it\u2019s daily weekly or monthly, when recovering from a financial setback, monitoring your budget is essential. There are many ways you can do this, including through digital apps on your phone or tablet that connect all your accounts. These budgeting apps<\/a> automatically update and work in real time with you, giving you notifications and helping you set financial goals and budgeting. There\u2019s also the traditional way of monitoring your money, including keeping a spending journal<\/a>. No matter your method, as long as you\u2019re able to manage your money and stay up to date with your accounts is all that matters when it comes to managing your finances.<\/p>\n

Do you have tips on how to recover from a financial setback? Let us know in the comment section below.<\/p>\n","protected":false},"excerpt":{"rendered":"

Have you ever been in a situation that set you back financially? If you have, then you know the financial stress that can come with it. And one of the biggest challenges is being able to bounce back and get your finances back on track. No matter the situation, we created a go-to guide that […]<\/p>\n","protected":false},"author":3,"featured_media":3564,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[9,10,11],"tags":[795,1148,1590,1592],"yoast_head":"\r\nRecovering From A Financial Setback<\/title>\r\n<meta name=\"description\" content=\"We created a go-to guide that covers the basics when it comes to getting back on your feet financially. Read it now!\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Recovering From A Financial Setback\" \/>\r\n<meta property=\"og:description\" content=\"We created a go-to guide that covers the basics when it comes to getting back on your feet financially. Read it now!\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\" \/>\r\n<meta property=\"og:site_name\" content=\"GoDay Cafe\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/GoDay.ca\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-05-17T14:48:45+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2021-09-30T15:05:33+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2016\/05\/5-18-2016-11-55-42-AM-e1463755670228.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"798\" \/>\r\n\t<meta property=\"og:image:height\" content=\"499\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"GoDay.ca Customer Education Team\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@GODAYca\" \/>\r\n<meta name=\"twitter:site\" content=\"@GODAYca\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GoDay.ca Customer Education Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\"},\"author\":{\"name\":\"GoDay.ca Customer Education Team\",\"@id\":\"https:\/\/goday.ca\/blog\/#\/schema\/person\/5dd4477e7fa335c98b4ab9e4af1a2c3d\"},\"headline\":\"Recovering From A Financial Setback\",\"datePublished\":\"2016-05-17T14:48:45+00:00\",\"dateModified\":\"2021-09-30T15:05:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\"},\"wordCount\":457,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/goday.ca\/blog\/#organization\"},\"keywords\":[\"Financial\",\"Money\",\"Save\",\"Saving\"],\"articleSection\":[\"Life\",\"Money\",\"Saving\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\",\"url\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\",\"name\":\"Recovering From A Financial Setback\",\"isPartOf\":{\"@id\":\"https:\/\/goday.ca\/blog\/#website\"},\"datePublished\":\"2016-05-17T14:48:45+00:00\",\"dateModified\":\"2021-09-30T15:05:33+00:00\",\"description\":\"We created a go-to guide that covers the basics when it comes to getting back on your feet financially. Read it now!\",\"breadcrumb\":{\"@id\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/goday.ca\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Recovering From A Financial Setback\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/goday.ca\/blog\/#website\",\"url\":\"https:\/\/goday.ca\/blog\/\",\"name\":\"GoDay Cafe\",\"description\":\"Finance To Fun, Freshly Brewed.\",\"publisher\":{\"@id\":\"https:\/\/goday.ca\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/goday.ca\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/goday.ca\/blog\/#organization\",\"name\":\"GoDay.ca\",\"url\":\"https:\/\/goday.ca\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/goday.ca\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2021\/09\/GoDay_Logo_Tag.jpg\",\"contentUrl\":\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2021\/09\/GoDay_Logo_Tag.jpg\",\"width\":2400,\"height\":1200,\"caption\":\"GoDay.ca\"},\"image\":{\"@id\":\"https:\/\/goday.ca\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/GoDay.ca\",\"https:\/\/twitter.com\/GODAYca\",\"https:\/\/ca.linkedin.com\/company\/goday-ca\",\"https:\/\/www.pinterest.ca\/godayloans\/\",\"https:\/\/www.youtube.com\/channel\/UCqy447Kb_NsSjE8VxgkJjpg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/goday.ca\/blog\/#\/schema\/person\/5dd4477e7fa335c98b4ab9e4af1a2c3d\",\"name\":\"GoDay.ca Customer Education Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/goday.ca\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/69d0b02c137a893f7f83f4ef3d252a29?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/69d0b02c137a893f7f83f4ef3d252a29?s=96&d=identicon&r=g\",\"caption\":\"GoDay.ca Customer Education Team\"},\"url\":\"https:\/\/goday.ca\/blog\/author\/marcy\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Recovering From A Financial Setback","description":"We created a go-to guide that covers the basics when it comes to getting back on your feet financially. Read it now!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/","og_locale":"en_US","og_type":"article","og_title":"Recovering From A Financial Setback","og_description":"We created a go-to guide that covers the basics when it comes to getting back on your feet financially. Read it now!","og_url":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/","og_site_name":"GoDay Cafe","article_publisher":"https:\/\/www.facebook.com\/GoDay.ca","article_published_time":"2016-05-17T14:48:45+00:00","article_modified_time":"2021-09-30T15:05:33+00:00","og_image":[{"width":798,"height":499,"url":"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2016\/05\/5-18-2016-11-55-42-AM-e1463755670228.png","type":"image\/png"}],"author":"GoDay.ca Customer Education Team","twitter_card":"summary_large_image","twitter_creator":"@GODAYca","twitter_site":"@GODAYca","twitter_misc":{"Written by":"GoDay.ca Customer Education Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#article","isPartOf":{"@id":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/"},"author":{"name":"GoDay.ca Customer Education Team","@id":"https:\/\/goday.ca\/blog\/#\/schema\/person\/5dd4477e7fa335c98b4ab9e4af1a2c3d"},"headline":"Recovering From A Financial Setback","datePublished":"2016-05-17T14:48:45+00:00","dateModified":"2021-09-30T15:05:33+00:00","mainEntityOfPage":{"@id":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/"},"wordCount":457,"commentCount":0,"publisher":{"@id":"https:\/\/goday.ca\/blog\/#organization"},"keywords":["Financial","Money","Save","Saving"],"articleSection":["Life","Money","Saving"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/","url":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/","name":"Recovering From A Financial Setback","isPartOf":{"@id":"https:\/\/goday.ca\/blog\/#website"},"datePublished":"2016-05-17T14:48:45+00:00","dateModified":"2021-09-30T15:05:33+00:00","description":"We created a go-to guide that covers the basics when it comes to getting back on your feet financially. Read it now!","breadcrumb":{"@id":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/goday.ca\/blog\/recovering-from-a-financial-setback\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/goday.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Recovering From A Financial Setback"}]},{"@type":"WebSite","@id":"https:\/\/goday.ca\/blog\/#website","url":"https:\/\/goday.ca\/blog\/","name":"GoDay Cafe","description":"Finance To Fun, Freshly Brewed.","publisher":{"@id":"https:\/\/goday.ca\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/goday.ca\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/goday.ca\/blog\/#organization","name":"GoDay.ca","url":"https:\/\/goday.ca\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goday.ca\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2021\/09\/GoDay_Logo_Tag.jpg","contentUrl":"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2021\/09\/GoDay_Logo_Tag.jpg","width":2400,"height":1200,"caption":"GoDay.ca"},"image":{"@id":"https:\/\/goday.ca\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/GoDay.ca","https:\/\/twitter.com\/GODAYca","https:\/\/ca.linkedin.com\/company\/goday-ca","https:\/\/www.pinterest.ca\/godayloans\/","https:\/\/www.youtube.com\/channel\/UCqy447Kb_NsSjE8VxgkJjpg"]},{"@type":"Person","@id":"https:\/\/goday.ca\/blog\/#\/schema\/person\/5dd4477e7fa335c98b4ab9e4af1a2c3d","name":"GoDay.ca Customer Education Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goday.ca\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/69d0b02c137a893f7f83f4ef3d252a29?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/69d0b02c137a893f7f83f4ef3d252a29?s=96&d=identicon&r=g","caption":"GoDay.ca Customer Education Team"},"url":"https:\/\/goday.ca\/blog\/author\/marcy\/"}]}},"jetpack_featured_media_url":"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2016\/05\/5-18-2016-11-55-42-AM-e1463755670228.png","_links":{"self":[{"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/posts\/3566"}],"collection":[{"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/comments?post=3566"}],"version-history":[{"count":1,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/posts\/3566\/revisions"}],"predecessor-version":[{"id":6743,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/posts\/3566\/revisions\/6743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/media\/3564"}],"wp:attachment":[{"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/media?parent=3566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/categories?post=3566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goday.ca\/blog\/wp-json\/wp\/v2\/tags?post=3566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}