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What are you doing to cut expenses during this recession?

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New Visitor

Re: What are you doing to cut expenses during this recession?

The main thing I've done is pay off all of my credit card and loan debt.  That has really freed up a lot of cash flow.  Also, I'm on a budget and only purchase things with cash.  I put a huge chunck of my salary into a savings account each month and am trying to save up six month's worth of expenses to safeguard for the future.  I hope to have the emergency fund completed by the end of the year if all goes well.

 

I clip coupons too and save money this way. 

Message 31 of 32
Member

Re: What are you doing to cut expenses during this recession?

Recession has taken it all and I am not thinking too much about saving anything but somone was suggesting that real estate market has also hit badly and it would not be a bad idea to invest some hard earned money there.
Message 32 of 32