How to Survive the Financial Crisis?

Written by: Liwin Troy Lee

1. Refinance your home mortgage. Try to find a deal to lower your monthly payment. Consolidate your loans if possible.

2. Get a second job or find a way to get an extra source of income. Some examples could be having a garage sale or a bake sale to raise money.

3. Save your money as much as possible. Do not spend money on luxuries. Only spend money on the necessities. Find ways to lower the cost of gas, electricity and food.

4. Limit the use of your credit card. Do not spend money you do not have.

5. Ask family, relatives and friends for help if you need money. Pay them back, so they will lend to you again next time.

6. Help one another solve the Economic crisis.


Sources

How to Deal with Financial Crisis?
How to Survive the Financial Crisis?
Survive the Crisis