Skip to main content

Surviving Economic Slowdowns

The recent and seemingly on-going economic slowdown of the US is a nagging concern to the rest of the world. When the world's richest and most powerful nation sneezes, the others have to hold their breath and brace for the worst. Hardest hit financially and psychologically are the ordinary citizens and even businessmen. The impact of an economy going sour is mostly felt by the common citizenry. Losing one's job or seeing friends losing theirs is a gut wrenching experience.

I do too worry what the future brings particularly to job security and ultimately to my pocket. I have bills and debts to pay. I have future must expenses. How to manage and meet all of these obligations given my limited financial resources and propensity to buy things on impulse is really daunting.

Unfortunately we have little or no influence on preventing job loses or business closures.
So as they say it, better use our resources and energy on factors we have control of. I do believe we can survive better economic meltdowns armed with basic knowledge and skills on financial concepts related to budgeting, debt management and credit sourcing.There are non-profit organizations offering such help programs and services. At least I happen to read one organization offering debt consolidation course and services. Those experiencing credit cards troubles for instance may find the debt consolidation techniques and services particularly helpful. Well,if you have the tendency to incur debts or buy things impulsively, then it may be opportune to avail of credit counseling services.

Nothing beats however self restraint during difficult financial conditions. Simply put, acquire only the things you need. If buying can be posponed or deferred do it. However if self restraint is very difficult for you then better start browsing for outside help.

Comments

Popular posts from this blog

Philippines is a rising Asian 'tiger'

Visiting Canadian Prime Minister Stephen Harper sees the Philippines as "an emerging Asian tiger," agreeing with the bullish outlook on the country of political and business leaders from many other parts of the world. To demonstrate Canada's confidence in the Philippine economy, Harper pledged to increase Canadian investment in the country during his meeting with President Benigno Aquino in Malacanang yesterday. Bilateral trade between Canada and the Philippines amounts to US$1.5 billion. Aquino and Harper agreed to cooperate on defence and trade, and committed to people-to-people exchanges between the Philippines and Canada. At a joint news conference, Aquino and Harper announced that the Philippine Department of National Defence and the state-run Canadian Commercial Corp. had signed a deal to help Manila buy military equipment to defend its territory. The deal was signed amid a territorial dispute between the Philippines and China over islands an...

Moving Plan

Moving to other places or country is a big challenge. Away from familiar grounds and family for several years is a very difficult decision. Moving to long-distance locations however commonly happens to people around the world. I am actually settled in a nice place but still I consider myself in the future to probably call a Local Movers . Relocating as always involves transporting things and prized possessions. Planning the activity and the Moving Estimates is a must and is essential. The word hassle is the usual part in this event and to avoid this, it may be practical to hire reliable professional moving companies. Consider also Long Distance Movers if your going to transfer or moving to a far location. They are the experts in moving things over long distances location with all the needed tools and facilities for the relocation. Never forget about Local Moving Quotes in your considerations. This is vital in choosing what company to choose. It is important that you remember thes...

Poor But Rich

Have you in your entire life seen this kind of scenery? Do you think this man is really poor? Wow! Amazing! Cool! Truly, this old man is what will be the next generation poor people will look like. Settling in the streets with looks very deceiving but they are computer literate. I think this man in the picture is making a post to his blog, thinking deep thoughts, making articles and maybe finding some advertisers. Sounds crazy but maybe true. Maybe few years from now, from millions of blogger it will turn to billions and billions of blogger and maybe it will be hard to find advertisers. But this is a good thing if this kind of people exists in different parts of the world so people will have more alternatives and will be knowledgeable of the current and future technologies. So guys keep the spirit up because even the smallest and the most ordinary person in the world can do extra-ordinary things to make a little change to them but a big change to the whole world.