A lot of people are going to have a tough time making it through the recession of 2009. Many significant problems are coming to head, and many people are losing their jobs. Here are some ways you can make sure you and your family survive in 2009, even if a worst case scenario were to take place of a major depression.
1. Stop all completely unncessary wasteful spending and pay off high interest debt
2. Don't try to sell your house for 2004 prices. Too many people are still in a house that they can barely afford because they are trying to sell it for more than anyone will buy it in todays market.
3. Find a cheap/free living situation. Move in with your parents/relatives/friends if you can.
4. Figure out how to make extra money online.
5. Save at least 30% of your income. Do not invest it unless you are extremely confident in your investment or large solid blue-chip companies like apple have dramatic stock plunges.
6. Learn to cook at home, and how to shop better at the grocery store. If you buy real nutrious food from the grocery store and cook it at home instead of eating out, you will save a signfiicant amount of money each week. Don't go to the grocery store and buy a bunch of snacks. A big plus: your health should improve dramatically if you do this.
7. Spend your money on things which have real value to you. It's important that americanscontinue to spend money. We should vote with our money though and spend on things that have true value to us, instead of spending on luxury items like jewelery, way too expensive clothing, electronics we won't even use etc.
8. Reduce your energy footprint. Get more effecient lighting, shut off lights, electronics, computers when not in use.
9. Learn basic survival skills like how to build a fire, create shelter, ration food, grow food, store food, do first aid etc. No one is hoping for the worst, but you never know how bad things could get.
10. It's the new year! End your senseless addictions to starbucks, cigarettes, and mcdonalds hamburgers.
Showing posts with label Personal Finance. Show all posts
Showing posts with label Personal Finance. Show all posts
Tuesday, December 30, 2008
Monday, December 29, 2008
Stop your addiction to spending
Have you ever been in the store and saw the person in front of you looking at a magazine, paper or candy, which is easily available? They did not plan to buy, but an announcement or a catchy phrase compelled them to. It is an impulse purchase. To buy without thinking, this is an impulse, and it is not necessary. Do not spend all your hard-earned money on products or meaningless items that do not help you make money! Stop making impulse purchases right now and start saving! Failure to do so is very similair to failure to quit smoking.
You are addicted to something detrimental to your future and without much positive merit at all. Just like smoking, the feeling isn't great, but you simply are in the habit of indulging in it. In fact, if you are a smoker, one of the first things you could do to free up your money is to quit this destructive and nasty habit! Your money is money, not someone elses. You have the right to retain it. You don't need to add all your money to the balance sheet of huge companies. Why don't you add it to your own balance sheet? Instead of spending all your money on electronics, movies, cds, videogames etc. you should learn to purchase only those indulgences which provide the most value. Become much more selective about which products you buy. You don't need to become a cheap miserable person to save a significant amount of money monthly, freeing you to be able to end each month with a significant positive gain to your bank account.
Learn to spend more of your time on things which have a positive effect on you and are largely free. Borrow books from the library. Find out when the best tv shows are on and make an event of watching them. Purchase board games which force your family and friends to interact with each other strengthing your bonds and causing plenty of laughter and fun without requiring you to keep spending money on the latest diversion.
It is easy to forget that your money is your own, it does not have to constantly flow from you into the hands of someone else. We all must resist the temptation and wait until can really afford luxury things.
A dollar spent is a dollar you won't have anymore and you can never get back.
You are addicted to something detrimental to your future and without much positive merit at all. Just like smoking, the feeling isn't great, but you simply are in the habit of indulging in it. In fact, if you are a smoker, one of the first things you could do to free up your money is to quit this destructive and nasty habit! Your money is money, not someone elses. You have the right to retain it. You don't need to add all your money to the balance sheet of huge companies. Why don't you add it to your own balance sheet? Instead of spending all your money on electronics, movies, cds, videogames etc. you should learn to purchase only those indulgences which provide the most value. Become much more selective about which products you buy. You don't need to become a cheap miserable person to save a significant amount of money monthly, freeing you to be able to end each month with a significant positive gain to your bank account.
Learn to spend more of your time on things which have a positive effect on you and are largely free. Borrow books from the library. Find out when the best tv shows are on and make an event of watching them. Purchase board games which force your family and friends to interact with each other strengthing your bonds and causing plenty of laughter and fun without requiring you to keep spending money on the latest diversion.
It is easy to forget that your money is your own, it does not have to constantly flow from you into the hands of someone else. We all must resist the temptation and wait until can really afford luxury things.
A dollar spent is a dollar you won't have anymore and you can never get back.
Subscribe to:
Posts (Atom)