Jul 25 2008
How to deal with economic frustration
No one likes to think that things can get so bad in their life that they need to go looking for money. But preparing for difficult times and dealing with difficult times are essential.
Here are some things you can do to prevent economic frustration in your life:
1) Build up a year’s supply of food and keep it on hand.
2) Keep a healthy stash of silver junk coins and gold pieces as you can afford them.
3) Look for better paying jobs at least once a week.
4 )Take classes to increase your earning potentioal.
5) Keep involved in community activities so that if you should lose your job, you have a network of friends to help you find work.
6) Keep an immediate savings of one year of your salary to cushion for emergencies and job loss. Try not to use it for everyday expenses unless you have a true emergency.
7 )If money is tight now, prepare a budget and stick to it. Include fun activities a couple of times a month that are inexpensive but worthwhile.
Utilize all possilbe ways to save on how much you spend. If you want to see a movie but balk at the ticket price, go to a cheaper matinee. Use coupons if you have them. Chose a less expensive menu option when dining out. Shop second hand stores and pawn shops.
9) Check with your insurance agent and ask see if he/she can find cheaper rates on all of your insurances. Do this yearly and you will be surprised how every once in a while, premiums can be reduced.
10) Make a list of all of the valuable assets you own that could be sold if you were in dire straits. Get a realistic idea of their worth by search through E-bay or other online shopping sites to see what buyers will pay for new and used. Craiglist lets you sell them for free, and in this day and age, free is good.
