When helping members in financial difficulty, what should be prioritized first?

Focusing on essential debts is crucial for individuals facing financial difficulties because these obligations often include payments that are vital to maintaining basic living standards. Essential debts typically encompass housing costs, utilities, food, and transportation necessary for work. Addressing these immediately helps ensure that the member maintains stability in their living situation and overall well-being.

By prioritizing essential debts, financial counselors can help members avoid severe consequences, such as eviction or utility shut-offs, which can exacerbate their financial troubles. Once essential debts are managed, individuals can then begin to address non-essential debts and consider future investments or budget for discretionary spending. This approach fosters a secure foundation from which they can rebuild and plan for their financial future.