The speculation of an economic slowdown is growing, here are some things you can do to better weather the storm:

• Review all of your bills and identify items of necessity versus luxury
• Secure additional credit, but do not utilize this
• Explore picking up extra hours at work or a potential second job
• Consider refinancing your home into a lower fixed rate mortgage, or moving from a 15 year term to a 30 year term
• Offer to carpool with someone you work with
• Turn your thermostat down 2 degrees at home
• Reduce the number of times you eat out at restaurants
• Use coupons when you shop for groceries
• Review your insurance to make sure you have appropriate deductibles in place
• Start a rainy day fund if you do not already have one
• Consider selling items around your home, basement or garage that you rarely use
• Call your cable company and cell phone provider to see if you can negotiate more favorable monthly payments

1-15-2008 © LoanNetwork.com

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