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Practical Steps to Weather The Financial Storm |
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Thursday, 23 October 2008 05:59 |
Endtime Economics
Practical Steps For a Smooth Transition
Almost all economic professionals and experts predict that the world financial system as we know it is coming to an end. Difficult times are ahead of us and until an alternative can be hammered together the whole world is going to go through a very painful and distressing transition. Following are some suggestions that will make the transition more bearable. Get out of debt Start living within your means and cut expenses to essentials Budget your income and stick to your budget. Keep cash at hand Diversify your portfolio by keeping reserves in strong currencies besides US Dollar Build a stock of food supplies to last between 2 week to a month Differentiate between real needs and wants. Absolute financial priorities are Shelter, a place to live, Utilities to keep your place running and last food; Keep this in mind when planning your budget. - Find ways to stretch your money by shopping smartly and pro actively planning menus and shopping trips.
- Avoid brand names
- Kick expensive habits like cigarettes or excessive alcohool.
- Resist eating out; Plan ahead to make a good dinner and prepare lunch for the next day.
- Use Coupons
- Use the library and save on buying books.
- Take up a money-saving hobby such as growing your own food; A small plot, garden or even planters can provide delicious and fresh vegetables.
- Shop online and save on transportation costs.
- Do not pay unnecesary fees like being late on returning videos.
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Last Updated on Thursday, 23 October 2008 10:00 |