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Guide to Saving Money in 2009

Saving Money in 2009 Guide to Saving Money in 2009 Coping with Loved One’s Physical or Mental Challenges – Special Report INTRODUCTION In the last several months, we have witnessed a financial crisis reminiscent of the Great Depression. To date, 1.2 million people have lost their jobs, 17 banks have closed their doors, General Motors, Direct TV, and Circuit City are on the brink of bankruptcy, and the credit crunch is still keeping banks from lending money. You might ask, what about the 700 billion dollar ... Read More


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Category Money Management

Why Starting a Home-Based Business Can Help In a Recession

Why Starting a Home-Based Business Can Help In a Recession It may sound ludicrous to start a home-based business during a recession, but in fact it is the perfect time.  Why?  Because at a time when most businesses in every sector are laying off thousands of people because they cannot meet their payroll, a home-based business can ultimately fill the void. What do we mean?  If your business is service-oriented - that is, you are a computer technician, healthcare professional, writer, web-site ... Read More


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Category Money Management

What Is a Recession?

What Is a Recession? In its simplest terms, a recession occurs when there are “two consecutive quarters” of negative growth.  While most economists have been fickle in utilizing the term, it is nonetheless clear that our economy is in the throes of a recession.  More importantly, however, is the fear that the recession will subsequently turn into a depression. How does a recession occur?  Well, when there is not enough supply to meet a specific demand (as in the case of oil), prices ... Read More


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What Impact Has the Economic Crisis Had On My 401K?

What Impact Has the Economic Crisis Had On My 401K? If you have a 401K Plan through your employer, you may want to check to determine the amount of loss incurred as a result of the current economic crisis. In addition, if you are contributing to the 401K plan, you may wish to change the current contribution rates, especially if you are: (a) contributing 100% to Variable A, or (b) contributing a combination to both Variable A and Variable B equal to ... Read More


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Category Money Management

What Do I Do If My Bank Was Purchased or Merged with Another Bank?

What Do I Do If My Bank Was Purchased or Merged with Another Bank? If you had a bank account at either Wachovia or Washington Mutual, or perhaps your bank closed, you may be concerned - not only about accessing your accounts, but also about conducting daily transactions. According to the Federal Reserve, Federal law requires the FDIC to make payments of insured deposits — all the money determined by the FDIC to be within the federal insurance limits — "as soon ... Read More


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What Caused This Economic Crisis?

What Caused This Economic Crisis? There are several factors that have caused the current economic crisis.  At its very core, the sub-prime mortgage crisis was the catalyst.  To give you a brief history of how the sub-prime mortgage crisis began, let’s first explore what a sub-prime mortgage is.  It is an adjustable rate loan that was offered to individuals who had bad credit.  The brokers who engaged in offering these mortgages received commissions on every sale, and thus the need to entice ... Read More


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Five Ways to Save Money on Prescription Drugs

Prescription drug prices, along with health insurance, have been the bane of society for years.  With rising costs of prescriptions, it is no wonder that some individuals are cutting their pills in half thus endangering their own heath.  This is unacceptable in our society - yet it continues. Whether you have health insurance or not, here are five ways you can save on prescription drugs: 1.  Ask your doctor to prescribe generic drugs, as they are the least expensive.  As stated on ... Read More


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Five Ways to Protect the Cash Flow for Your Business

Five Ways to Protect the Cash Flow for Your Business This current financial crisis has affected corporations in every sector of our economy.  The inability to obtain credit has decreased the amount of inventory that is vital for conducting business on a day-to-day basis.  If you are a business owner, whether outside or based within your home, here are five ways to protect your cash flow. 1.  Depending upon whether or not you require payment up-front or offer a line of credit ... Read More


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Five Tips to Save on Grocery Bills

Five Tips to Save on Grocery Bills We are all going to have to tighten our belts during this economic crisis.  In the wake of unemployment rising, home foreclosures, and the stock market’s volatility – anything we can do to cut down on expenses will be required.  With fuel and food prices surging, here are five tips to save on grocery bills. 1.  Buy in bulk.  If you do not belong to Costco, Sam’s Club or BJs, now may be the time ... Read More


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Five Tips to Reduce Credit Card Debt

Five Tips to Reduce Credit Card Debt With the economic downturn, everyone is feeling the effects in their daily lives.  For some, however, having credit card debt can be the straw that breaks the camel’s back.  If this applies to you, here are five tips to reduce credit card debt. 1.  Pay down your debt.  Use the “snowball” method, which works as follows:  Make a list of your credit cards and place the card with the highest rate of interest first, then ... Read More


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Category Money Management

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