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Save Cash by Thinking Green

Posted by Angelica on April - 18 - 2012

Save Cash By Thinking Green


And here’s 10 more!

  1. Buy in bulk. Purchasing food and supplies in bulk can save money and reduce packaging and expensive car trips
  2. Keep your mobile phone, computers and electronics as long as possible, do you really need to replace your 42″ TV with a 50″ one?
  3. Recycle your old mobile for cash rather than binning it. Many mobile phone recyclers exist now who will pay good money for your old phone.
  4. Do you really need it new? Buy second hand to save money and keep it out the trash
  5. Don’t buy bottled water. It’s expensive and tastes just as good from the tap for free – Take a reusable (not plastic) water bottle when out and about to save money and reduce production of plastic water bottles.
  6. Knock your washing machine down to 30 degrees whenever possible
  7. Solar power is free. Use a washing line to cut out using the expensive dryer
  8. Unplug all your charging cables if you’re not using them, they still draw power
  9. When choosing new clothes, look for those that don’t need to be dry cleaned. Dry cleaning is expensive and uses harmful chemicals
  10. Recycle your old CDs, DVDs and games keeping them out the trash.


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Tips for Surviving a Recession

Posted by Angelica on October - 18 - 2011

Quotes of the Day

~ “We’re still in a recession. We’re not going to be out of it for a while, but we will get out. – Warren Buffett
~ “Everyone drinks more during a recession; they want to forget. – Christian Audigier”


Recession can happen at any point of time to any countries around the world, even more in a highly developed nation. One of the main reasons why nations go into recession is when supply exceeds the demand and goes against the economics law. When this happens at a minimal rate, it doesn’t hurt the natures of macroeconomics, but sometimes, financial institutions, corporations, small & medium enterprises & individuals become a little too greedy and go beyond their personal capacities of borrowings and lending. The first few signs of a recession include the increase of bad debts, inflation, the rise of cost of living, unemployment, & the decrease in purchasing power. These eventually lead to banks cutting down on their borrowings, consumers not having enough funding to continue growing a business or investment, thus resulting in cost cutting, major layoffs and decreased purchasing power. This is usually a vicious cycle of a recession that many countries see when its economy is growing robustly. It is something that no one manages to predict and everyone, from the rich to poor will suffer from it.


10 Tips of Surviving Recession


  1. Cash is king –save as much cash as possible while you’re still employed. When recession hits, financial institutions immediately cut down on lending of any form (credit card, loans, mortgages, etc). Your fallback will have to be the emergency fund you built in the good days. In any event you lose your job; you need at least 6 months’ pay to survive! Even more reason to save if you’re accountable for a big family. The best ways of savings would be in short term money markets that are easy to liquidate.

  3. Keep a financial journal – one of the first rules of organizing your financials is keeping track of it. You don’t need financials softwares or solutions to do this. A simple excel works great in tracking your expenses and which categories it hits. Your financial categories should be broken down by into major categories such as groceries, mortgages, medical, transportation, utilities, savings and other essentials. Once you have a structured list which shows you where you income flows, it’s easy to determine the ways to cut down on it.

  5. Reduce buying –postpone any plans of home makeover, changing your car, wardrobe reorganizing or anything that can wait. Put up with whatever you have currently and buy only essential or necessary goods. If possible, buy in bulks the items which are staple use for your home as this tend to be cheaper.

  7. Don’t overspend – you would need to still spend for your food & clothes and other daily necessities, but opt for the cheaper choice. Cheaper doesn’t usually mean you need to compromise on quality or comfort. Just forget about brands and luxury for some time and opt for generic items. Tip: Substitute the Starbucks coffee with a fresh home brewed coffee!

  9. Limit using you credit card – stick to paying off the minimum payment and keep you credit line available for any emergency use that might come along at the time you least expect. If possible, try to settle any outstanding on the credit card while you’re still on an income. The key rule is to pay off loans which incur the highest interest and keep a clean credit line for times of need.

  11. Take advantage of the stock market – if you have any excess cash available, take the opportunity to buy good undervalued stocks when the market is at its lowest. Learn up about investment in penny stocks at Penny stocks when played with the right strategy will give you a nice side income to offset your financial woes.
  12. A Guide To Understanding How Penny Stocks Work-recession


  13. Think of other creative & smart ways to make money on top of your day to day job – Some of the common ways of making extra money starts at your home. Perform a home spring cleaning and put aside the things you don’t need. Sell them at cash converters, second hand shops, or organize a garage sell in your neighborhood. See to learn more about other ways to earn legitimate income.

  15. Refinance your car loan and mortgages – one of the good news that recession brings is the decrease in interest rates of loans and mortgages. Speak to banks about refinancing your loans at the spot rates which tend to be lower. Survey different lenders to find out the best rates that are being offered in the current market before agreeing to a financier.

  17. Keep yourself covered at all timesWorkout your insurance coverage for you and your family especially when it comes to medical protection. You want to make sure that in an event of mishap during recession
    times, you’ll be protected by your own insurance. Never rely utterly on the compensation of your company. You never know what cost cutting the employers go into in times of recession. Even worse if you lose your benefits in kind collectively with the layoff.

  19. Stay safe at jobs or start polishing up your resume – When companies start downsizing, the rule of thumb is usually based on “Last in first out” or “getting rid of the bummer”. If you’ve not qualified of being the most experienced staff or the employee of the month, start increasing your productivity at work or start getting people to realize your importance in the office. At the same time, make necessary updates to your resume and call up job agencies and update your profile with them. An early job hunt would never hurt you in times of recession.

Financial Freedom during recession


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