During the recession many people have experienced that their salary, even though it’s still the same amount of money, is buying them less groceries. Getting by is harder than it used to be. For some people this is just a minor difference, for other people it’s affecting their every day life.
It’s Friday and you just got paid! After sending off that last check to pay for necessities; food, car payment, rent, etc., you have $100 left. What should you do with it? Save it or pay down debt?
I’m seeing more and more clients who are banking on retail therapy to get them through this recession. They’re using shopping to numb the worry and stress of unsteady income, shaky jobs, treacherous home mortgages and rising food and gas prices. When they feel bad for whatever reason, off to the mall, bookstore or even grocery store they go.
Most people create a family budget to organize their household finances. While others utilize a budget to get out of debt as fast as possible.
Personal Finance Advisers come in different varieties. There are three types at the moment, with the prospect of a fourth on the horizon.
