Recession Info Center: Personal finance

Recession Info Center

Monthly S&P Index Since Feb 2009

2008-9 saw a sharp decline in all major indexes. What began in the
housing market led to the financial crisis, and then spread to the
entire market reducing the S&P index from 1300 levels in the
summer to 800-900....

Recession Tips

Debt reduction >> Given the ongoing economic downturn, taking control of your debt has perhaps never been as important. In
some cases, debt is the result of thoughtful spending on necessities, such as housing or education. In other cases, debt results from
simply too much unnecessary spending. The following are a few tips provided by our viewers....

Planning for retirement >> Given the recent losses in the stock market and the ongoing crisis, many are dealing with the problem
of having to withdraw money from their retirement accounts while suffering losses, which leaves them with less capital to
participate in the market recovery perhaps later in the year or in the coming years....

Reducing family costs >> Here are a few suggestions on how you can cut costs: 1. Talk to your family: You can not really start
cutting your family costs unless you talk to the family members. No everyone, of course, need to know all the family financial
details, but everyone has to know the reason behind the new budging plan and the importance of it. It is hard....

How to save on car-related expenses >> Car-related expenses can end up to a big sum, and during recession and hard economic
times, it is just an additional burden on the family. Below you can find some suggestions on how to reduce your car-related bills.

Reducing your car insurance bill >> There are many ways to shrink your budget expanses. And car insurance is one of those
expanses. Here are some suggestions to take into consideration....

Money saving habits for recession >> Here are a few money saving tips to develop which can save you a whole lot during the
recession....

Taxes in recession >> Many people hire professionals to do their taxes, and indeed in some cases hiring professionals may make
sense. But if you do not fall in a complicated tax category and are not planning to make complex deductions, you can save some
money in this recession by doing it yourself. Filing taxes for many of us is often easier than we think....

2008 tax tips for recession >> Given the recession, you should try to take advantage of several tax benefits this tax season....

401(k) >> 401(k) accounts, or as some have recently aptly referred to them 201(k) accounts [:)], provide a number of
advantages:1. When you contribute to your 401(k) account you receive a tax break because contributions come from your income
before taxes, which lowers your taxable income...

Planning for college tuition >> Students who are considering applying to college during current recession are faced with many
challenges. Cost of education has risen in recent years. Many believe and predict that tuition cost will continue to rise. Loan for
tuition is harder to get compared to previous years. And receiving financial aid or scholarships are more difficult than ever....

How to save on grocery shopping during recession >> Given the ongoing recession, this may be the right time to switch lifestyle
habits and find ways to save more when shopping. Here are some tips that can help you cope with the current recession and put you
on the right track to become a smart consumer....