Archive for category recession

Top 10 tips to survive the credit crunch.

1. Get out of debt as quickly as possible. Having debt at a time like this is an extremely dangerous way to manage your finances. Take any excess income you can and start paying down your most expensive debt first and do as fast as possible.

2. Raise extra money anywhere you can. Go through your house when you do a deep clean and take anything including CDs, books, toys, broken electronics and anything else you can find and sell them on eBay. You might be amazed at how much money will be able to raise doing this.

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Have House Prices bottomed?

There are definite signs in the housing market but some measures are picking up. Is it too early to call upon in the housing market? This is always a difficult call to make because house prices are local, although they are linked in general to a nationwide trend which clearly is still on a downward trajectory.

In this recession, UK is about 15 months behind the US and so we should look to the US to see what we can expect from the future.

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How will the economy recover?

Jim Rogers, the man who co-started the quantum fund with George Soros, the man who famously drove the UK from the exchange rate mechanism and brought down the Major government, has been appearing on media outlets around the world with a stark message for the British public.

Rogers believes that the economy is doomed for decades. He says this with great sadness because he was educated in the UK and he loves it here. His reasoning is quite simple. Read the rest of this entry »

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Whats your tip for saving money?

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Obviously our goal here at financial facts is to help you save money, but that doesn’t mean you can’t shout about your top tips! So please feel free to share them in the comments below!

And remember we welcome guest bloggers so if you have something to say please get in touch admin@financialfacts.org

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