Money is king as we suffer through one of the worst economic downturns since the Great Depression. I’m not an economist or financial advisor, but I cover all sorts of money issues. I think it will be several more years until we fully recover from this financial crisis.
I talk to too many people who are 50+ that can’t find a job. Many of them had really high paying jobs and now can’t hold onto their home.
They are highly skilled people who have 20+ years experience in the workforce, but they can’t find a job. Nobody wants to hire someone who is going to cost more, and has fewer technical skills than someone just graduating college. That’s why it was so refreshing to see AARP offer a job fair recently in Cleveland. The baby boomers have a lot to offer, and if they can’t find work this economy will continue to suffer in my opinion.
Even if you have a job, and didn’t take out a subprime loan you are probably still feeling the effects of this economy. Maybe there was a foreclosure on your street that reduced the price of your home. Maybe you can’t refinance because you are underwater in your home or lost too much equity. Perhaps your investments took a hit.
No matter your situation, you’ve probably been directly or indirectly effected by this economy.
That’s why I’m always looking for ways to help you save. Some people might say I’ve always been a cheapskate. I think that’s a negative term. I wouldn’t say I’m a cheapskate, but just smart with my money. Why give some company more money than you have to. If there’s a way to save, I’m looking for it.
If you have a great tip to save, let me know so we can help everyone stay financially fit during these tough financial times.