To begin with I would like each one of us to find out the reasons for this crisis.Why were we tapped all of a sudden into this.It goes to show that we were not prepared for such crisis.Lets pull our socks by taking the following measures without waiting for the aid from our Govenments.Here are the measures which I suggest to all my friends all over the world.
- Cut down all expences that you can do away with
- Learn to differentiate between priorities and Luxuries.While deciding think what you need the most.
- Make sure that you increase your sources of income by taking home based plans inorder to make some additional money.
- Let all the members of the family contribute whether they are students,housewives or retired person by taking up some jobs.
- Make your budget as per your requirements.
- Don't forget to save something for the rainy day.This should be securely deposited.
- Don't use credit cards on slightest of pretext.They are costly in the long run.Minimize their use.
- Don't take unnecessary loans.Try to live within your means.
- Don't sell your stocks at such low prices.Let the market regain normalcy.
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bakshinder
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