I’m glad to hear economists are feeling better about the economy. I’m not sure sure, myself, and I’m not alone. According to USA Today, people are very cautious with their money in this economy. Almost 70 percent have every intention of stocking away their tax refunds this year into “rainy day” funds. We are all living in “just in case” mode as much as our grandparents did during the Depression.
So what can a person do in this economy to give themselves the sense of security that has been severely lacking for about ten years now?
First off, find ways to save. Yes, put that tax refund in savings. Buy with cash, not credit. Develop and stick to a budget. Track every expense and watch for opportunities to cut expenses–cheaper cell phone service with the same benefits? Jump on it. Paying for trash pick up when the dump is two miles away? Make that a weekly trip. Forget something at the grocery store at least twice a week and end up paying double for it at a convenience store? Make a grocery list and stick to it.
There are ways to save, even in this economy. Find those that are no brainers, and do them today.