During tough times such as crisis, job loss and salary reduction, the money economy is a prime and most important issue to be considered. Nevertheless, being too thrifty is not an easy thing but not a wise one either. Strict limitations may cause a severe stress condition which may bring on a nervous and financial break down. Financial breakdown implies scattershot spending and purchasing everything you were lacking before.

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Debts is very unpleasant and even frightful thing. It does not matter who you are in debts to, either to your friend, neighbor or a bank. The most important thing for you is to escape form debts. Sometimes the amount of debts is rising but to is not easy to start paying them off due to various reasons. But it is necessary to start settling them since you must live normal life without being afraid of the time when a legal executor appears to take away your honestly earned but secured asset.

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Kathleen Voss, the associate professor at School of Management, University of Minnesota suggests that regular money contemplation increases the chances of your success. Forbs magazine has recently published the results of an experiment among 500 freelance individuals who were asked to compile a phrase using a list of words within a short period of time. One group of participants was given a list of words containing the word “money”, another one received a list of words without the word “money”. After that the participants were set a task to build a square using 12 sections so that each side of the square consists of 5 sections. Those who dealt with phrases about money turned out to be most successful in completing this task.

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All of us want to have financial independence and freedom now and then. Do you want to know the level of you financial independence? It is quite easy to find out. Just follow the instructions:

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It is obvious that spending money differs in gender. Another poll confirmed that men (24%) would be apt to tie up a block of shares than women (11%). At the same time, purchasing real estate is more popular among women (45,4%) than men (39,1%). Moreover, the fair sex is more inspired than sterner sex with the possibility to go shopping with no limits for spending (22,1 и 9,1% accordingly) as well as traveling (47,8 и 38,8% accordingly).

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Housing bubble burst followed banks going bankrupt. What next? Tax revenue collected will decline as unemployment rises further, and the US dollar will weaken further and will not have much value in the months to come as more investors worldwide will invest in more tangible commodity assets like gold rather than volatile paper money, or in the next strongest currency.

Bullion dealers are seeing business revving up in this global meltdown and many have sold their houses in return for gold as historically gold prices have never gone down to zero, even if they dip periodically. 2008-2009 have shown increasing trends in the gold price in commodity terms.

Year USD/Troy Ounce
2000 272.70
2005 513.00
2008 865.00
2009 925.00 -1200.00 (Current-Expected)

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