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Make Money: how to Survive the Recession

Date Added: August 06, 2011 07:51:40 PM

Make Money: how to Survive the Recession

Surviving whether in a recession or just part of general normal life, the “money spiral”, it is best to plan ahead.

Financial planning for an individual or a family is very important in this day and age. Things just keep on going up in prices, this is what they term to be inflation.

You need to first know what is coming in and what is going out. Make a list of IN and OUT and find the difference between the two lists. If IN is higher than OUT there is no problem. If Out is higher than IN you will have a financial headache. Online financial planners can make things easier to calculate.

Once your two lists are complete, have a look at what is a necessity to keep things going and what you may class as a luxury. The luxuries of life can be terminated without adversely affecting our standard of living. If for example, you are buying sandwiches for lunch from your local shop everyday, you might save some money by making your own lunch.

Our quick list of money saving ideas:
•    A new bank account known as a preferred account could earn you a cash credit when it is opened.
•    Compare your existing use of electricity and gas prices.
•    Compare your mobile phone insurance, mortgage protection, loan protection, car insurance, life insurance, house and contents insurance.
•     Go through your house, attic and garage and see what can be sold, kept or taken to the charity shop.
•    Help others with their writing of articles.
•    If you are a property owner you could rent the whole or part of your house or apartment.
•    If you live in the capital, car parking spaces can be given for rent.
•    Provide secretarial support to a small business such as typing or filing.
•    Register with an employment agency to work on weekends or part time to suit your own spare time.
•    Sell your old books, phones, coin collection or other collections which you don’t need.
•    Use a price comparison website to check that your food and grocery purchases are not too expensive.
•    Use an online service to see if you have any money in your old bank or building society accounts.
•    Use one of the UK government websites to check whether your tax credits are correct (child tax credits and work tax credit).

The Great Recession by Michael Roberts (Paperback - 3 Dec 2009)

Beat the Recession: A Blueprint for Business Survival by Nicholas Bate (Paperback - 10 Jan 2009)

The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (Paperback - 4 Dec 2008)

Love Has No Recession by Kindred the Family Soul (Audio CD - 2011)
Buy new: £9.08

The Spectre at the Feast: Capitalist Crisis and the Politics of Recession by Andrew Gamble (Kindle Edition - 15 May 2009)
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