Here's 5 things to do to manage during a
recession:
1. Refinance your mortgage. Almost every time we are heading into
a recession, or already there, the federal reserve will lower interest rates to
stimulate the economy. If you're in a high-rate mortgage, refinance now. Not
only will it lower your payment, you'll save thousands of dollars in interest
over the long term.
2. If your finances are tight, resist the urge to
splurge. If you don't need it now, wait until the recession is over. You'll
thank yourself later.
3. Keep your job, or get a job! Employers feel the
squeeze during these times, too, so make sure you are not a dispensable
employee. Shape up if you have to, and make sure now more than ever you are
doing what's best for the company.
Sales Effectiveness During A Recession
We've ridden the crest of an economic wave for a decade. And whether you believe it has come crashing down on the beach or will just slap lazily against it, the fast and easy ride is over for now.
We are in a recession, and we’ll all be the better for it.We’re supposed to be in the business of finding solutions... the business of increasing sales team motivation, getting customers to buy, and encouraging people to work harder, smarter, more productively. It's up to us to look around and find ways to deal with the tougher times, reasons to celebrate our business spirit... to electrify ourselves... and arm ourselves and our people to deal with the days ahead.
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Your Special Tax Rebate - Spent?
More than likely you are already getting excited about the big check you are probably going to get from the government. You may even be mentally shopping for some gizmo or gadget you have had you eye on. That can be a fatal mistake.
Now, I'm not trying to be a party pooper, but the plain truth is, I don’t really like this government plan to try to stimulate the economy and pull us away from a possible recession by having you hurry out and spend the money at some store.
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Managing your Finances During a Recession ~ Money BlogShots
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