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.
Watch Gas Tips - Short Term Solutions To Gas Price Monster
Up up and away and we are not talking about Superman more like the piles of money that are going out the door everyday to buy gas. The gas price crisis has gone hardcore and short term relief is difficult to come by. Did see some good news coming in the not so distant future as GM announced the downsizing of their truck production and possible discontinuation of the Hummer series. With that though was the real juicy ditty that GM is going forward with a full production electric car coming in 2010. The Chevy Volt is only one of many long term solutions that are coming from automakers. Short term immediate solutions will unfortunately be hard to come by so people and business will continue to cut cost everywhere else that they can. With that said please read the following email that is going around about some good gas saving tips that will help get a little bit more out of your gas tanks. Be sure to watch the video clip about some other gas saving tips. Please share your opinions and take your shots at the end of the article.
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You Make The Money - You Make Rule Number One
It is said that those that make the money can make the rules. Well if you are working a job paying bills getting on with your life in your own way than you my friend make the rules for your life. It is your choice how you live and how you spend that money that you work so hard for. So why don’t you pay yourself first? Not spend the money on some sort of gift for yourself but start putting that money away for piece of mind in your future. It is said that those who are rich are that way because they have learned to make money work for them and not work for their money. With that said watch the following video on paying yourself first and leave your comments after the article about the golden rule to follow if you want to create financial wealth in your life.
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Managing your Finances During a Recession ~ Money BlogShots
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