If you will look at the economy today, it is now apparent that the economic bubble already blew few years back.
Starting 2008, debt crisis hit rock bottom for so many Americans leaving no room for buffer.
This is the reason why the Obama administration was forced to conduct bailouts to increase employment and to stir the economy back to its former self.
For the European counterpart however, governments didn't opt to have a bailout but instead went for austerity measures.
Both of these actions by the European governments and the US garnered criticisms.
For anyone trying to survive unscathed in today's economic situation, here are a few things that you may want to do.
1.
Look Into Your Expenses One of the main causes of bankruptcy in the US apart from the inflation and the growing unemployment is the fact that most people go beyond their means.
They spend using credit cards and in the end suffer high interest rates from credit card companies.
In order to get the best savings, you want to reconsider buying unimportant things that you see daily both online and offline.
You also want to check the existing credit card balances that you have whenever buying items.
This way, you can monitor your spendings.
2.
Look Into Your Income Your income should be the barometer whether or not you could live the lavish life that you want.
You don't want to spend $5000 monthly when you only earn $4500 in a matter of four weeks.
This is not good for you especially now that anything could happen to your company and you may lose your means of income.
3.
Reserve At Least 10 Months Worth of Income On Your Bank Having 10 months worth of income on your bank account could give you enough time to find another job if you were hit by unemployment.
Sincerecession made cost cutting rampant bringing unemployment; you need to be prepared for the worst case scenario.
4.
Diversify Your Investment A lot of people who suffered from the recession were those individuals with a single investment on stocks.
Since stock market was affected by the economy, the crash on their share's value led to complicated problems.
A good way to solve this problem is to invest part of your savings on real estate and other sources of active income.
Simply put, you should put small capital to businesses that could have the potential to grow.
You should always look at the number of months before ROI is achived.
5.
Get More Jobs If you are not a business minded person, you may want to try different jobs both online and offline in order to add to your income.
This way, you are not going to be losing everything if a company folds.
Though the economic experts are saying that it is becoming hard to get a job anywhere, the internet is a great venue to start looking for income generating opportunities.
From http://stephanegarelli.
com/, it has been predicted that the world recession is not yet done.
Despite these problems with the economy, we should all not worry since there are number of solutions that we could do at least to survive in today's economic troubles.
Starting 2008, debt crisis hit rock bottom for so many Americans leaving no room for buffer.
This is the reason why the Obama administration was forced to conduct bailouts to increase employment and to stir the economy back to its former self.
For the European counterpart however, governments didn't opt to have a bailout but instead went for austerity measures.
Both of these actions by the European governments and the US garnered criticisms.
For anyone trying to survive unscathed in today's economic situation, here are a few things that you may want to do.
1.
Look Into Your Expenses One of the main causes of bankruptcy in the US apart from the inflation and the growing unemployment is the fact that most people go beyond their means.
They spend using credit cards and in the end suffer high interest rates from credit card companies.
In order to get the best savings, you want to reconsider buying unimportant things that you see daily both online and offline.
You also want to check the existing credit card balances that you have whenever buying items.
This way, you can monitor your spendings.
2.
Look Into Your Income Your income should be the barometer whether or not you could live the lavish life that you want.
You don't want to spend $5000 monthly when you only earn $4500 in a matter of four weeks.
This is not good for you especially now that anything could happen to your company and you may lose your means of income.
3.
Reserve At Least 10 Months Worth of Income On Your Bank Having 10 months worth of income on your bank account could give you enough time to find another job if you were hit by unemployment.
Sincerecession made cost cutting rampant bringing unemployment; you need to be prepared for the worst case scenario.
4.
Diversify Your Investment A lot of people who suffered from the recession were those individuals with a single investment on stocks.
Since stock market was affected by the economy, the crash on their share's value led to complicated problems.
A good way to solve this problem is to invest part of your savings on real estate and other sources of active income.
Simply put, you should put small capital to businesses that could have the potential to grow.
You should always look at the number of months before ROI is achived.
5.
Get More Jobs If you are not a business minded person, you may want to try different jobs both online and offline in order to add to your income.
This way, you are not going to be losing everything if a company folds.
Though the economic experts are saying that it is becoming hard to get a job anywhere, the internet is a great venue to start looking for income generating opportunities.
From http://stephanegarelli.
com/, it has been predicted that the world recession is not yet done.
Despite these problems with the economy, we should all not worry since there are number of solutions that we could do at least to survive in today's economic troubles.
Source...