Archive for January 14th, 2009
Tips for recession proofing
January 14th, 2009 | 
Author: Banks across the United States are preparing to combat the growing fears of a global recession. There are a few things you can do to proof yourself against this looming threat.
Lessen your spending! Make this one of your top priorities. Decide if you really need that new model eggbeater, or if it can wait. Make a decision to cut back on that extravagant cruise you were thinking about booking. If you live on a tighter budget for a while, you’ll be better for it.
Pay down your debts. This is a very important thing to do in times like this. Make sure to pay down your credit cards or lines of credit. Make sure you are paying the lowest interest you can on the credit cards you have.
Cut your bills down. Make sure you are paying the cheapest price you can for utilities such as gas, electricity and water. Check out what you are paying for Internet, your cell phone, car leases and entertainment. There are probably a few places in the above categories that you can cut back on. Call your service providers and ask if you can have a lower rate. You dont get what you dont ask for.