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Preparing for Worse Times Ahead 3

If you lost your income tomorrow or found that food prices went up again by another 50-100 percent, could you provide for your family? I have been discussing ways of using frugal living techniques to be prepared for worse economic times ahead. If you missed the first two posts, you can catch up here. Preparing for Worse Times Ahead and Preparing for Worse Times Ahead 2. Now let’s talk about adding to that emergency fund. You can also find little ways to make money even if you are at home or need to work around your kid’s schedules. Sell items … Continue reading →

Preparing for Worse Times Ahead 2

Leading experts tell us that the economy will continue to get worse before it can recover. Are you prepared? Check out the first article in this series and then read below for some ways to prepare for worse times ahead. To get that emergency fund going, sock away any extra money you have, whether it is one dollar or a hundred. Any unexpected income should go straight to savings. Skip eating out and put that money straight into an account before you spend it elsewhere. Reduce your driving to one day a week if you can and put the gas … Continue reading →

Preparing for Worse Times Ahead

While we would all hope that the economy is going to get better soon, the reality is that it will probably get worse before it starts getting better. Leading analysts say that it may be 2010 before we can expect an improvement. This means that there will be further job losses, higher prices and the possibility of shortages as business fail and manufacturers have to reduce their production. To give yourself peace of mind, start doing what you can to prepare. Ideally, you should have three to six months of living expenses squared away in an emergency fund. While this … Continue reading →

Three Home Businesses that Can Get You Out of Debt

To speed up your debt recover, consider starting a home business. It can help you earn extra income that can be applied directly to paying off your debt. Best of all? Most home businesses can be done at home, on your terms, and take as much time as you want to spend. This makes home businesses ideal for retirees, stay at home moms, stay at home dads, and even students. In fact, any one can start a home business to get out of debt. When selecting a home business to pursue for the goal of getting out of debt, it … Continue reading →

Surviving the Economy: Expect the Unexpected

I know that we are all tired of hearing about how awful the economy is and how things will probably get worse before they get better. While this may all be true, it doesn’t help us much in terms of our own financial situations. So I thought I would share some practical advice about what we can do now to ensure that our families survive the current economy. One big thing that we can all do right now is to watch ahead for the unexpected in terms of major expenses that might really do us in. With unemployment due to … Continue reading →