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Financial Stress Relief
Financial Stress Relief In Hard Economic Times
Today’s economic conditions call for some financial stress relief. The current state of the economy is due to excesses of lifestyle and government spending out of control. We need to get back to fiscal conservatism both personally and governmentally. By not living on the edge financially, we could avoid much of today’s fiscal woes and stresses. Personal and government responsibility must be acknowledged if we are to overcome the irresponsible mess we have created.
Personally we should all be debt free except for a mortgage. We should have a significant reserve fund to weather unexpected expenses and job layoffs – nothing is guaranteed. Taking the equity out of one’s house is a bad financial move. Expecting an unending rise in the housing market is just plain ignorant. Credit card debt and excesses not paid for in cash are all ingredients to a financial meltdown both personally and government – look at Greece, America is replicating the same policies that have buried Greece in debt. We must take responsibility and make positive inroads to owning up to and paying off our debts.
Financial Stress Relief Tips:
- Stop buying on credit – pay cash or you can’t afford it
- Stop pulling equity out of our homes for toys and excesses
- Live within a budget, apply the rest to debt and reserve
- You don’t need a new car payment – hang on to car longer
- Don’t try to keep up with the Jones
- Stop buying expensive non-necessities
- $100+ cable – pare down services
- $100+ cell phone service necessary?
- $5 coffee drinks necessary?
- Eat out less, pack a lunch for work
- Make Money Online – Extra Income
Interest Payments and Debt
Interest payments will consume your wealth with not much to show for it. Buckle down and live frugally until you have taken control of your finances, that is the best financial stress relief you can have. Write down every dollar you spend for a month and you will be amazed how much you are pissing away. Take the savings from the above list and apply it to your debts. You will be amazed how fast you can make inroads on paying off your debts.
Our government is not a good example of responsibly handling money. Fiscal responsibility is needed here more than ever. Throwing money every which way to buy votes is reckless at best. Fannie Mae and Freddy Mac are the 2 social engineering projects that created the largest part of the mess our economy is in – sub-prime mortgages (votes for corrupt politicians). Banks were forced into lowering credit standards for loans to people who had no ability to make the payments. Political correctness overrode sensibility and now we are ALL stuck with the bill. Look at the Senators that took the “sweet heart loans” at below the going interest rate (payoff) so they would continue to push this fraud on the American people - especially the American taxpayer (only half of US citizens pay income tax – which half are you in?). Fannie and Freddie Mac are the biggestest financial drains on the US economy yet today!
The financial mess is manageable on a personal level and governmental level. It takes living within our means and sticking to a budget. Currently our government (especially President Obama and the rest of the corrupt House and Senate) is spending money like drunken sailors (sorry sailors, no disrespect intended – just a well known analogy) on bail outs and socialism – payoffs to the unions, lawyers and every other group that voted him in. The way capitalism works is to reward the efficient, resourceful and creators and let the inefficient go out of business and the corrupt to jail.
So a financial stress reduction is in order. Take ownership, take action and make it happen and make financial stress relief a thing needed in the past.
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