Financial Crisis?

What is this financial and credit crisis everybody is talking about anyway?

Here’s a definition from theFreeDictionary.com*: a longterm economic state characterized by unemployment and low prices and low levels of trade and investment.

This basically means that a lot of good people are losing their houses, cars, and jobs. And to make it even worse, the majority of businesses are not hiring people.

• Protect your income. If you can keep the job you have, money keeps coming in. So work extra hours, be courteous, smile, and be polite. Essentially, do the best you can.
• If you have a credit card, use it carefully. Don’t use the card unless you can pay off your credit card bill in full each month.
• If you can’t pay your credit card in full each month, make bigger payments. Paying off your credit card bill is one of the smartest steps you can take to protect yourself financially.
• Stop making impulse buys. If you don’t need it, don’t buy it.
• Save money. Saving money will give you a buffer if you lose your source of income in the future.
• Earn extra! If you can’t save money without earning more money, try to get a second job, if you can.
• Avoid scams. With many people in financial trouble, more financial scams pop up throughout the country. There are phishing scams, Nigerian scams, pyramid schemes, and plenty more. Check out our articles about scams at Show Me at dcu.org.

foolproof yourself!
FoolProof means: to function despite human error. That can help you during a financial crisis. Making mistakes can cost you dearly! If you haven’t checked out FoolProof Solo, check it out now.

Good luck! And please email me if you have any questions: will@foolproofhq.com.

Cheers,
Will

* Web site provided for information only. No endorsement is implied.