Ideas to Survive This Economic Crisis
Who knows if we’re in recession or recovery. The one thing I do know is that people are now becoming a lot more inward focus looking which isn’t good for aid to the 3rd world countries, especially those in the Horn of Africa who are going through the worst drought on record.
Because individuals are inward looking, individuals are simply looking out for themselves as well as their family. Financial resources are restricted. But the a valuable thing is that lots of people aren’t utilizing a change in mindset that will assist them save and survive this financial meltdown. Below are great tips on how to save and survive:
1) Frugal living – A lot of what you might enjoy could probably be done with an alternative cheaper way but with the same benefits. Instead of using a gym, why not start jogging around the block and couple that with sit ups and push-ups which would give the same benefit and is free.
Begin to use coupons. Free online coupons are available everywhere and companies are now beginning to use social media like Facebook and twitter to distribute free coupons which will help you to save.
2) Handle your credit card debts correctly – Were you aware that 61% of American’s have a credit debt of over $12,000 each month? That means over $1200 of interest repayments is being made each month! Add that up over the year and you essentially could have paid the interest off a home loan! Speak with your lender and merge the debts together and thus pay off a smaller interest rate. After that it is important to pay attention to your debt repayment period. Ensure that if you have a interest free period on your plastic that you pay back everything before the due date. You will save yourself a lot of money and distress.
3) Plan meals – If you plan your dishes and know what to buy from the food store, you’re less likely to engage in impulse buying which gets many people. A dollar here or there adds up over the year. If you managed and accounted for every dollar that you spent, you would be shocked at how much you spend on unnecessary items.
Lamo Damo has been blogging about freebies for over 2 years. He
gets
enjoyment from helping others save money by getting stuff for free.
Author: Lamo Damo
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