How to stay afloat financially in a bad economy

Augusta

VIP Contributor
it seems a global thing now that the economy in countries are just bad right now. This means that there will be financial difficulties for some people and you need to work extra hard to be financially stable. Staying afloat even in a difficult economy needs adopting some strategic measures.

You can do the following to live above the pressure from financial stress.

1. Lower your expenses: This is time that you have to cut out all unnecessary spending, you can afford to totally go broke at this time.
2. Increase your income power: Try to make money daily no matter how stressed you get daily. It is better to make than not making at all

3. Reduce your bills : This is your household bill. See how you can conserve to reduce the bills at home. you can switch off your electricity when not in use it will help you conserve energy and ofcourse high electricity bill will be spared.

What do you think?
 
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