Coping In Crisis

摘要

Today's tough economic times might seem daunting. But by following a few tips and being smart with your finances, you can make it through this financial crisis. With the stock market in turmoil - as of early October, the Dow Jones Industrial Average was 33 percent off its record high of 14,164 from October 2007 - the housing sector taking a nosedive, credit becoming harder to obtain, and interest rates near historical lows, what is the average American to do? Consider the following tips to survive today's economic crisis. Review your current financial situation: Don't listen to all the talking heads telling you how bad times are financially. Instead, take a good look at your personal financial circumstances and evaluate your current cash needs and debt load, the time frame until you need any money you've invested, and whether you plan to move or need to downsize your home in the near future. In other words, update your financial plan.