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Music Memories + Songs

Friday, February 12, 2010

On budgeting tips

This recession is very bad for many people, but it is good to the extent that it forces people to be more responsible in how they spend and save money. Lots of Americans need budgeting tips, but they didn't bother to implement them until they got scared or lost the job or something. That is part of the purpose of recessions in the economic cycle - to correct the excesses of the boom times. This includes getting rid of debt and putting people and businesses are sounder financial footing. In good times people and businesses tend to forget the basics. They take prosperity for granted.

1 Comments:

  • Very informative post. According to me budgeting doesn't mean that you have to compromise your needs but it is important for planning financial life. Building an emergency fund, minimize the use of credit card will surly help us for budgeting. For more details refer tips on budgeting

    By Blogger urvi, at 9:20 PM  

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