Prize for unique architecture achievements has multiple contenders

Contender for architecture prize rejuvenated a residential building like our finances sometimes need.

09:25 20 July 2013

The Stirling Prize for advances in architecture may be given to a renovated residential housing building that was built in the ‘60s. The housing unit had supposedly become a place that was ideal for muggers with alleys that contributed to quick getaways.

It is inspiring to know that an old building that had once been overrun with crime could be renewed.

Sometimes we may feel as though we are being overrun with financial problems, and it’s difficult to find our way out. Here are a few ideas to get you started:

• Scale back—when financial problems strike, respond quickly to minimize the damage to your budget and/or credit rating. Being proactive can help you stay on top of things, and can open up possibilities you weren’t aware of. Cut out all the extras, and remember that the situation is temporary. Cutting out extras doesn’t mean you’ll never have them again.

 

• Say no—this can be difficult for people because often others don’t realize how serious your financial problems may be, or they may not know you have any at all. It’s hard to decline offers to go out and eat, or to bring goodies to work. It’s hard to constantly say no to going out with friends because you don’t have extra. If there is absolutely no extra, politely decline invitations or find alternatives like visiting at home. If you have persistent friends, you may need to open up about your circumstances so they don’t take your rejections personally.

 

• Develop a plan—one of the most difficult parts of dealing with financial problems is the emotional toll it can take. When events seem beyond our control we often miss opportunities to change our circumstances and feel helpless and hopeless. This is where a written plan can help you keep moving forward even when things don’t seem to be working well.