Posted by: askjayauthor on: April 30, 2009
James of Texas asked this question and wanted to know if he should hold the stocks or sell off to minimize his losses if the market is impacted further due to Swine Flu situation. First of all thank you James for this question and like every one else, I am watching the situation closely if this can be avoided as a pandemic. Unfortunately I don’t have the crystall ball but I want to share my perspective with you.
The most important impact of swine flu is when people die. When more and more people are impacted due to this, there will be less number of people traveling. If this is going to be mild epidemic, then the impact will be limited but if it spreads to larger area, then the impact could be very significant.
Posted by: askjayauthor on: April 12, 2009
Don’t forget to read the first two posts on this topic:
1. Tip#1 for Students for Budget Management during Recession
2. Tip#2 for Students for Budget Management during Recession
Well I have already covered two main areas i.e. housing and car buying cost reduction tips. Today I am going to share with you another important area i.e. how to optimize on grocery purchase. So here is the third tip my dad shared with me.
Tip#3: Save on Grocery & Food Bills
Posted by: askjayauthor on: April 7, 2009
I received three questions in the last 2 weeks from Jim, Jones & Mark of US asking almost the same question of how we students should manage our budget during the current economic climate. Since this question is so important, I decided to answer this in a series of three posts. Please make sure that you read all three posts in series to get the full picture.
When I was a student, I always tried to get maximum for my bucks as it’s not easy to make a living and study at the same time. Most of the students do work for limited time only so that they can balance between their classes and job. I had the same situation and I was earning only minimum wages initially for all the jobs. I had good fun doing all these jobs but I always struggled to meet my expenses. One day my dad came to see me and he watched my schedule for couple of days and then asked me to join him for a dinner at a good restaurant. After dinner we went out for a walk and there he shared with me few cost cutting tips. I benefitted a lot and I am sure you too can.
Posted by: askjayauthor on: March 2, 2009
I got this question from Peter of Washington, US. Peter, first of all thanks for asking such an important question as many others keep asking for if they should look at the saving coupons seriously or not!
This is really a difficult time and difficult time requires extra ordinary actions on our part to survive. In the past I never used to think about using free samples but I have changed my attitude towards these offers now. In any case most of the marketing companies need test customers where they can supply their products and test the market. So why not take advantage of this to our benefit.
Posted by: askjayauthor on: February 15, 2009
This is a question from Peter of Idaho, US who has asked for the simple tips on how to survive in the current recession environment. First of all, thank you for asking such a timely question. This post will be important for every one.
So what should we do in the current environment? Here are some tips for your consideration:
1. Stop living on credit cards. If you don’t have cash in your bank, start changing your lifestyle. But make it a financial discipline that you would not use any credit cards at least for few months. If you do this, you will start reducing your monthly expenses. This works for real!
Posted by: askjayauthor on: February 9, 2009
I got this question from Noori of Seattle, US asking ‘how can I create my budget fast?’.
First of all, thanks a lot to Noori asking this very timely question especially in this current economic recession time. Secondly Noori you are not alone facing this problem. By saying this, I don’t want to say that it’s ok not to do your budget just because it seems so tedious. My job is to make it easy for you and for the blog readers.
When I was creating my first budget just after college, I had real tough time. I kept on putting this task away for too long. One day I was checking my account and then I realized that my savings are zero. I started thinking how can I get control on my finances. That’s when I started thinking of putting up a budget. So here are the tips which I learned the hard way but you can learn the easy way by reading and acting on this.
Posted by: askjayauthor on: February 6, 2009
Here is the first question from Rommi of New York asking “How can I repair my bad credit?”.
First of all, do you know it’s very easy to fix your bad credit through few easy to follow steps?
But before I share with you these steps, let me ask you how do you know that you have bad credit score. Have you got your credit report? Do you know your credit score? If you have all this information, then you are on the right track. If you haven’t got the credit report yet, you should immediately get one.
You can get free credit report from any of the following websites:
Posted by: askjayauthor on: January 30, 2009
In the current economic environment, can you think of retirement? I think this is a valid question. But the current economic environment should force you to think of your retirement. Because if you don’t plan your retirement properly, your retirement nest egg may drop any day due to recent market conditions. I will talk in a future post what can we do to safeguard ourselve. But today I wanted to talk about the retirement places which can help you dream at least or start planning for your favorite place NOW.
CNN has developed this report and their criteria are jobs availability, excellent schools and affordable housing. In fact CNN has developed a list of top 100 cities based on this criteria.
