With the overall economy tanking, and very sharply in many specific industries, some companies are turning to an alternative when everyone but the critical personnel has been laid off - pay cuts. A company-wide pay cut has the potential to save a large number of individual jobs at the "expense" of the many. As an example, for … Continue reading How To Handle a Pay Cut (Financially Speaking)
How often have your heard about how bad things are going in the last month or so? I hear it everywhere I go. Every meeting with a client or colleague, every get-together with friends, and every informal chat with family is filled with references and discussions about the bad economy, job uncertainty, the stock market plunge, and … Continue reading 11 Ways to Stay Positive in a Bad Economy
The success of my last article on whether it was appropriate to take vacations in a bad economy tells me that people are worried, curious, and unsure of how to react to the increasingly bad economic news around us. If you've decided that vacations are not something you are willing to give up, regardless of … Continue reading Ideas for Vacations in a Bad Economy
Things are busy on the home front as I get geared up for my move this weekend. In alignment with my blog goal for this week, I would like to share a collection of positive quotes that can be just what the doctor ordered in this economy. Please enjoy: "When the winds of change blow, … Continue reading Recession Buster: A Collection of Positive Quotations
The last week ended, rather unfortunately, with a number of important people in my life being laid off from their jobs. I've decided to write a short piece today dealing with the emotional side of layoffs, for the person leaving, their closest family and friends, and those remaining at the office to deal with the … Continue reading The Emotional Impact of a Layoff
Layoffs are on almost everyone's mind whose work depends on the state of today's economy. Being laid off typically comes suddenly and usually without warning, although if you've been paying attention to the world around you, you have realized that you need to be prepared. Preparation means understanding what you would do after a layoff, … Continue reading Layoff Checklist
When you suddenly find yourself out of a job, many things race through your head. One of the first is probably how you'll replace your steady income in order to keep up with your bills and living expenses. Although by definition, no "temporary" solution is permanent, there are a number of ways to raise cash … Continue reading How To Find Cash Fast When Unemployed
For whatever reason, this seemingly simple question has come up in conversation twice this week with two unrelated groups of individuals. During the first conversation, the tone was firmly set against vacations, with good reasons to back it up. In the second case, everyone was adamant that vacations were a must, with equally compelling reasons. … Continue reading Should You Take Vacations in a Bad Economy?
Young professionals have a whole set of specific money considerations they have to make. Here are a few I would add to Bargaineering's great list.
I wanted to follow up some news I brought you on February 3rd about Americans and money: Unfortunately, when spending is inflated by easy credit to the levels we saw over the last decade, the real money has to catch up at some point. This means that instead of returning to a normal spending level, … Continue reading Spending Down, Savings Up – The Paradox