Surviving An Economical Downturn

In case you missed the recent financial weather report, the economic storm clouds are on the horizon. In fact, some financial analyst believe they're already overhead. An already shaky global economy went from bad to worse. What can you do to prepare yourself, your finances and your family for possible economic slowdown? Here are eight reminders to help you stay financially grounded: ** 1. SAVE AGGRESSIVELY: Wise preparation includes building a rainy day fund. Saving should be equivalent to at least three months' living expenses. Try not to lavish your möney and know your want and need. 2. CREATE A BUDGET: If you don't already have one, then now is a great time to put together a written butdget. How much do you really need to live on? What does it take to run your household? Where can yo cut back? 3. STAY CALM: 4. ALWAYS LOOK FOR OPPORTUNITIES TO NETWORK. 5. BE READY AND FLEXIBLE 6. USE YOUR TALENTS TO MAKE MONEY: 7. COMMUNICATION WITH YOUR FAMILY MEMBERS: 8. REMBER THAT THE OLD RULES ARE STILL THE BEST RULE: SURVIVING AN ECONOMIC DOWNTURN