There’s A Recession?
Just kidding! You’d have to be an ostrich with your head buried in the sand not to know about the global recession. I am not a very rich person and don’t have a lot of debt, so I did not feel the crunch so bad. Some of my friends though had to make a few little adjustments to their lifestyle. The one had a ridiculously expensive yacht with monthly installments he could barely afford. When the recession hit, his business took a knock and suddenly he could not afford the seafaring beauty anymore. He had to sell her and say goodbye to his glitzy weekend entertainment. Although something as devastating as a recession is never welcome, I truly believe that it taught a few people something about how to manage their finances. With today’s economy, you cannot simply scrape through every month or live on plastic. You never know when the economic situation is going to change and when it does…it’s going to hurt you. Badly.
August 30, 2010
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