| 4. See if you can get free samples. This may sound silly but you are
sure to find a few every time you visit the grocery. You can also
cut out some vouchers in magazines and then redeem it on your next
visit. 5. For those who go to work, instead of going out and having lunch, make it at home then bring it with you to the office. This includes coffee which you can put in a flask if there isn’t any being offered. 6. You should also conserve on energy by lowering your electricity bills and fuel costs. Perhaps you can ask your boss if you can work at home two or three times a week. If this is not possible, see if you can carpool with someone from the office. 7. If you own a large vehicle, perhaps it is time to sell it or trade it in for a smaller one because of better mileage. 8. As for your electricity, see if you can change your light bulbs to those with lower wattage. Perhaps you can also put your heater down by one degree, reinsulated the place or stop drafts coming from the windows and doors. 9. Reducing your expenses are not the only ways to survive an economic recession. You can also make money by selling some stuff in a garage sale or renting out a spare room if there is someone out there who needs a place to stay. 10. If you work in an industry that gets badly hit when cash is tight, perhaps it is time to switch to another career that is more stable. 11. Since that will take some time and you will have to go to school for awhile, you can also engage in some other business on the side like bake cookies or sell some of your vegetables in your garden. Everyone has a niche so you just have to know what it is. 12. The last thing you can do to survive an economic recession is to take advantage of the situation. If you have the money, invest in long term investments so you can sell it when the economy has improved. An economic recession is a fact of life and this often lasts for months, which is why it is better to be prepared. You should remember that your ability to stay financially stable is the only way you can deal with a potential loss of income and also inflated prices. |
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