Money Management Advice

Some solid money management advice from the book Clutch by Paul Sullivan:
If you only have enough money for less than twelve months of expenses and no income, you need to begin restructuring what you have.
Ultimately, being clutch in a personal financial crises means embracing thriftiness to keep yourself out of such crises in the first place.  If that fails, you need to dispassionately sell off assets to keep from losing everything.  People should live within their means, but they should also plan for the possibility that the present will not continue.  (page 198)