Tax Day and Finance Advice

Archive for the ‘Financial Crisis’ Category

11 – Funding for consumer spending can distort the economy and create personal traps which are then difficult to leave:

Recall that in times of crisis appear many so-called “opportunities” to consume products or services, that even with the ease of credit cards, may affect our future. Remember to be rational rather than emotional, not to fall into some traps that could complicate our situation later.

12 – Monitor your investments offered by the market allows, after the crisis decant, to take advantage of opportunities:

As mentioned earlier, it is important to be aware of the whole situation to take advantage of opportunities. Many investors sell part or all drastically their investments (whether bonds, stocks or other instruments), and we Alester remain rational and monitor everything we can see the real opportunities and use the crisis to be better off tomorrow.

13 – should keep some cash savings, in a combination of legal tender coins and hard currencies, and in a safe but accessible:

This advice is not much to contribute, it is part of any diversification that we always have and obviously with good liquidity for urgent or emergency times we need to make use of this money that could be protected in some way or another. Read the rest of this entry »

The tips are summarized below, to which my little sumo them comments for better understanding:

1 – The impact of the crisis in your personal finances depends on your situation:

The crisis will have greater or lesser extent (even notoriety) at the time of our life we are living, our savings, our debts and income and expenses are going through, plus the ability to manage our personal finances.

2 – To make adjustments must first make a diagnosis:

As a doctor gives us a remedy for a disease to survive a crisis and make the necessary adjustments, it is important to diagnose personal our finances. We analyze revenues and expenses that we have (which speaks here on the blog) to make effective adjustments.

3 – It is important to stay informed:

In the information age who has information has power. In the blog I spoke earlier about the importance of being informed and today I remember that to get through a crisis is important to be informed in every way. We are interested in or not, a crisis touched in some way or another. Read the rest of this entry »