How to Deal with Financial Crisis

How To Do Just About Everything
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How to Deal with Financial Crisis

by Meraljane Paras
Introduction
Financial crisis can be felt everywhere, even America was not spared. Stores and bank closing down, plenty of homes are on foreclosures. Refinance home mortgage has been difficult if not impossible to achieve. Student loan consolidation information and credit card consolidation are rare. If you find one, chances are you cannot be approved. The worst part is, there are no jobs available and you can hear left and right lay off everywhere. It seems like there is no where you can turn into for financial help. Here are few ways to help you survive the economic tragedy
Instructions
Difficulty: Challenging
Steps
1
Step One
Refinance Home mortgage. Try to find a good deal to lower your monthly payment and consolidate loans. Look around for Student loan consolidation and consolidate debts. There are still few that are still willing to take the risk.
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Step Two
Get a second job or find another source of extra income. do garage sale, bake some cake, sell some crafts, sell old jewelry, join ehow and other money making ideas online. Be creative and find some ways to earn more cash.
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Step Three
Save, save , save. Do all kinds of savings you can imagine, from electricity, gas, and food if possible do not spend for nonsense things. We don’t know how long this recession is going to be so we need to be well prepared.
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Step Four
Cut your credit cards if you can but if credit cards are really needed look for a low interest credit card. Hopefully there are still 0% interest credit cards available now a day. Live within your means. Spend only what you have and only when you need to.
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Step Five
Ask family, relatives and friends for financial help. Just make sure to pay them back so you can borrow again next time if faced with another financial crisis.
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Step Six
Let’s help one another and find a way how to resolve this crisis. President Obama is only just one person. We need to Help him solve this economic tragedy.
Resources
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