有关Economic crisis的论文

10 ways to manage your money in ecnomic crisis

This may be the worst financial crisis since the Great Depression, but we can do more than wait for the federal government to bail us out. Here are 10 things you can do right now:

BE SMART ABOUT HOME EQUITY

Do not use a home-equity loan as an emergency fund, your personal bank or a short-term investment strategy, said Mike Peterson, spokesman for the American Credit Foundation.

He said going further into debt because of an emergency situation only makes things worse. Plus, most home-equity loans include clauses that could reduce or eliminate the line of credit, he said.

"Home equity loans still require at least an interest payment every month," said Peterson. "Again, adding to the stress."

HAVE AN EMERGENCY FUND

Financial experts recommend three to six months of living expenses in a savings account.

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