/* Magenet Universal Plugin code */ Problogger Money: Time for Austerity Drive

Sunday, October 19, 2008

Time for Austerity Drive

With gloomy news everywhere and press reports of USA economic crunch and impending global recession, it is time to herald austerity measures in our lives. Share markets continue to tumble down in bearish run for the past few days. So, how can we save money in this financial difficulties? Eat out less often and buy only when really necessary. Don't buy on impulse and every cent that you saved is a cent that is earned. You might like to consider working from home if you are retrenched or your company closed down. I was reading the newspaper yesterday and a big toy company retrenched its 7,000 workers in China which depended heavily on US markets in its toy making products. So, you have been warned. Prepare for the worst and don't simply spend money.

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