Wise With Money

The Global Economic crisis is very scary to think about, and the media everywhere is in a frenzy publishing doom and gloom while companies are writing down profit forcasts, posting multi-billion dollar losses, laying off staff and closing their doors. Share markets are crashing and the general outlook for the next few years appears to be bleak.

Many people are bracing themselves for tough times ahead, but as a  “Gen-Yer” myself, I know that for many younger people, the reality of the whole situation is only just starting to sink in now, and it’s time to take action.

Over the next few weeks, we’ll be publishing articles on how you can save money and reduce debt in this economic downturn.

Our articles include:

• Reducing spending, and cutting costs, a precursor to debt reduction
• Debt reduction, the logical step before saving
• Saving money
• Consolidating your super
• And much much more.

We’re only just starting to wake up from the propaganda of high-risk investment and get-rich-quick scammers, our once high-disposable incomes are retreating and our instant gratification may need to be replaced by waiting in the Lay-by queues.

I think from a financial perspective, we’re all a little hung-over!

Check back in the coming days and weeks for important tips on surviving a recession.

Wise With Money.