Be a financial fighter
Save, save and save some more … Build your skill set
You don’t have to be an economist to know that we have fallen on difficult times financially. So in these troubled times we should be taking action to recession-proof our finances. Here are some simple tips you can start doing today:
For You:
1. Save, save and save some more. If possible, you should build an emergency fund of at least three months of living expenses. Whatever you can manage to put away monthly, you should (even if it’s just $50). This is the most basic thing you can do in order to protect yourself and to ensure that you are not relying on credit should something unexpected happen.
2. Become a savvy spender. If you don’t yet have a spending plan, visit smartcookies.com and download one. If you haven’t a clue as to where your money is going, then you probably also don’t know what kind of simple changes you can make to save.
3. Pay it down. As fast as possible, pay off anything you owe on credit cards. Also, on any debt you do have, make sure that you are being charged at the lowest interest rate that you are eligible for. (207 words)
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