Have you been following the news today? Our worldwide economy isn’t doing so well. The U.S. House didn’t pass the bank rescue bill. Our fourth largest bank tanked and was sold off. Several European banks had to be rescued. They’re calling this the Black Monday of 2008. Things are looking a bit grim today, aren’t they?
It’s difficult to keep from feeling down about the state of the world right now. Our economy, our climate, our numerous wars and world catastrophes….
But… we can’t do anything about it if we stay down. The world needs us, our families need us, and we have the power to change the state of the world. So don’t lose hope. Put your energy into a solution. Put everything you have into a solution. It’s important. You – we – are important.
Get Your Finances Together
Spend the day getting your finances in gear, working to cut your family’s costs and save money. Make sure you have your money in F.D.I.C.-insured accounts (they’re insured up to $100,000). Take care of your investments right now – make sure you’ve invested safely and conservatively.
Revise your family budget and look for ways to save more. Read Time To Tighten Our Belts for some ideas (there are some great ideas in the comments there as well). How To Keep From Becoming Overwhelmed might help right now, too. Make a list and stick to it.
Some books that might help: Rich Dad, Poor Dad and Your Money Or Your Life. And you also might check out the blogs Get Rich Slowly and Wise Bread. For budgeting itself, I have heard good things about mint.com and myspendingplan.com, both of which offer free online budgets. Also, your bank may have a budgeting software online through the online banking system. And Quicken is available online (with a 60-day free trial) or as a software program. (Please let me know if you have other resources we all should know about!)
Help Strengthen Others Around You
And once you have straightened out your own finances, help others in your community and work to strengthen your community. Your community is a buffer, an important element that you are suspended within, it keeps you afloat and you can help keep it afloat. The stronger our local economies are, the stronger our personal economies become.
Get involved in your community this week. Don’t delay. I’ll be writing more about how to create change in your community in the coming few days, so stay tuned for more.
And if you’re really feeling overwhelmed and down, get together with a friend or family member and work together to do something productive for your families and your communities.
We can’t afford to lose hope. Take positive steps today. Right now.
What Are You Going To Do Today?
Please share what you’re doing today – and in the coming days – to make a difference. This way we can all become more motivated and gain ideas from one another!