Preparing Your Finances for This Economy

Right now, it is of vital importance to prepare your personal finances for this economy. Preparation is key if you want to get through this relatively unscathed. Two of the main points of concern for many people right now are:

Employment
Debt

Is your job safe?
Today’s announcement that Citi is planning to cut more than 50,000 jobs in addition to the already-cut 22,000 jobs is not exactly instilling confidence in the economy — especially since unemployment is approaching recent highs. (Citi, though, plans to try and save executive bonuses, unlike Goldman Sachs, which has announced that execs will be foregoing bonuses this year.) …read more