Stevesgal's thread got me thinking about recession tips and I ran across this article that I enjoyed and thought I would pass it along. I thought it had some great tips.

» Six Steps…to Financially Surviving a Recession

i was curious as well! i'm actually really worried about this. this is a great article!!! thank you for doing the leg work! Your AWESOME melsb!

__________________
My choices yesterday create my today. My choices today create my tomorrow.

Loved the article!
thanks,
I liked that he said to pay minimum and to save your 3 to 6 months ...
bc, with dave ramsey ( i love him! ), but realistically,
If you have only $1000 saved for your emergency fund.
that won't last 2 weeks!
I am modifying his plan, here is what i am doing:
i am saving to pay off my car.
that will leave me with my only debt: my student loan.
I plan to keep saving to build up my 6 months of income in my savings, while paying off my st. loan as much as possible.
but, you should always PAY YOURSELF FIRST!

__________________
***VIEW MY BLOG***
Thanks,
Bestmommysaver!

Great article! Thank you.

That's a very good article. Thank you for posting it.

I have definitely switched my focus to building my savings rather than eliminating my debt for the current time being. Once I get that savings to a comfortable level then I'll again start chipping away at my debt.

__________________
Proud mommy to adorable Kinsley

MY BLOG!

Thanks I hadn't given as much thought to saving like that. We have a little savings for a small rainy day but nothing for a flood. I have always thought that paying off the cc was a better idea. My dh and I will have to give this some thought.

__________________
Want to save some green? Join a coupon train.

Good read!

thanks good article!

__________________
'The will of God will never take you where the
Grace of God will not protect you.'

Good article! Thanks for sharing.

Kim

Love the article. Thank you so much! I am on overdrive to get our family ready for the worst. I am going to stockpile on awesome sales, maybe pay down our debt a little slower in order to build up or savings and obviously spend less on frivolous things that we really don't need or have to do!

__________________
Married to DH since 2003, Mom to Tanner (3) and
Braden (2) Baby #3 due 3/13/09