Dumb Little Man

Helpful Ways To Save Money In Hard Times

Save MoneyThe credit crunch is continuing to beat thousands of people out of their homes – people who once lived the American dream. They worked hard for their dream and thanks to a volatile situation with several areas of blame, many of them are now homeless without money to spare.

Living without money and struggling to pay bills sucks big time. It is not only devastating for those who have to live with this situation, but it also destroys families and lives in the process.

But are there ways you can actually help yourselves, and if yes, what can you do to protect yourself against losing a home or running out of money?

These are hard questions because none of us can see into the future. Nevertheless, they are part of our lives now, whether we like it or not, and as we watch the shocking reality of the credit crunch unfold on the world stage it is high time we all found ways to protect ourselves from being the next victim.

If you work in a high risk industry, act now and look for alternative income streams. It may mean working two jobs or doing some freelancing on the side, and regardless, it will mean more time on the job than off. Even if this means you will be uncomfortable for some time, you rather be that than broke and without a home.

It takes re-education and new habits for you to become a more responsible shopper.

Instead of wasting your money on stuff that will only end up cluttering your home, be smarter and look for alternative ways to satisfy those shopping cravings. Perhaps you are upset and need a little pick me up to make you happy. When we associate feelings of excitement and happiness with shopping for new things we can quickly fall into a dangerous and expensive pit of self destruction.

Think about everyday things people need, even if the economy is slow. Can you cash in on those needs?

Saving money doesn’t mean you have to stop living and stop enjoying life, but having said this, desperate times call for desperate measures – don’t you think?

Maybe you would like to share your favorite tips on saving money and how you protect yourself against the global credit crunch problem?

Written on 11/07/2008 by Monika Mundell. Monika Mundell is a passionate freelance writer and pro-blogger. Her blog Freelance Writing helps new freelance writers to get started in this exciting industry. If you like to work with Monika, feel free to visit her Portfolio site. Photo Credit: Josh Parrish
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