Rich n Fit Life !

One of the ways to cope with recession is considering a career shift. Not too many likes the idea of changing career plans during a downturn. However, if you have already felt the effect of recession – say you’ve been laid off, why not give a different career path a chance, right? It may not have quickly crossed your mind to prioritize job security when choosing a job. However, whether you are choosing your first job or making a switch, it can be helpful, particularly during our present economic situation. Indeed, no job is 100% secure. But there are some industries that have workers feeling more confident that even if they get fired, the demand is so great that finding another job would be very easy.

So how do you choose a career that’s right for you during a recession? Here are some recession-proof careers that are worthy of consideration:

Education
There is a great shortage of teachers. No matter how down the economy is, teachers will always be in-demand. Children will continue to go to school. Also, lots of unemployed adults may decide to further their education. Although teaching is not one of the highest-paid careers there is, making only about $30,000 to $45,000 a year, people will still settle for a career that does not earn more because they are tired of being unemployed for a long time. This is especially true for those who would want to try something new anyway or those who despise the roller-coaster rid that a corporate life offers.

Healthcare

Job hunters with Information Technology background are said to be a good fit to the healthcare industry – particularly nursing. This is because Nursing is an information-driven career. And, it is one useful career during a recession because healthcare is an industry that does not usually get affected during these times.

Auditing
Auditors are also usually unaffected by downturns. In a recession, individuals and firms are more probably doing their best to get more deductions. More people are monitoring their books, so the demand for auditors or accountants is much greater.

Energy and Utilities
Energy consumers may cut back, but the consumption will not stop. The same with utilities, people will still light their homes. So, jobs like maintenance and utility administration prove to be more stable than others during a recession.

Pharmaceuticals
As long as physicians prescribe drugs, people are still going to take them. This means that if you are working as a pharmacist or as a quality assurance analyst in pharmaceutical laboratory, you are in good hands.

Military
Since the military is always hiring, particularly during wartime, during a recession soldiers will not be that affected.  Serving the military also means that most of your living expenses will be covered.

Security
Recession does not stop crime. With the increase in layoffs, more people are considering robbing banks and doing other crimes. So, the need for security workers becomes greater.

Environmental Sciences
The convenient truth is that the eco-friendly trend is not going anywhere. This means that choosing a career in environment-care-related industries can be a good career choice.

Government
Working for the government can be one of your best choices during this downturn. This is because many stable jobs can be found in the federal government. The government will not cease from functioning even during crisis.

With that variety of career choices, it will not be that difficult to find one that will save you from this economic situation.

Recession is a word that fills people with dread and bad visions.  It’s a time people consider bad for finances, a time capable of magically shrinking a dollar’s value overnight.  It also automatically increases the cost of basic living.  And where money is a huge concern, people always ask, ‘Can I still save for real during a recession?’  The answer is: of course you can.  You just need to be wise and creative about the whole thing.  Here are ways how:

Plan your purchases.
By planning your purchases, you’re effectively planning your expenses.  This will help eliminate the danger of impulse buying and unnecessary spending.  Try to look at the bigger picture when it comes to your basic needs.

Plan for a week’s worth of groceries, for example, so you’ll have an idea of which items you truly need (and want) and which items you can do away with.  To make sure that you maximize your planning efforts, consider incorporating items on sale into your planning.  If there are foods on sale that week, for example, why not plan your week’s menu using what’s currently on slashed down prices?

Implement the ‘B’ word.
Budget, that is.  If you want to be able to save money during a recession, learn to discipline yourself and your family.  Using your plan as a reference, come up with a weekly or monthly budget and then stick to it.  If you must overshoot it, you should have a very good reason to do so.  Otherwise, don’t spend.

Keep an eye out for bargains and discounts.
Learn to monitor stores for seasonal sales.  You’ll save a lot of money by buying items on sale than in their regular prices.  During a recession, that’s considered wise spending.  Check out store or newspaper ads and don’t be shy about asking for cheaper alternatives, getting store rebates or using discount coupons.  Consider buying at discount stores as well.  Each dollar you don’t pay is a dollar you save.

Buy in bulk.
If there are items in your house that are often in use (paper towels, canned beans, yoghurt, etc.), consider buying in bulk.  Many stores offer items in packs, which means you’ll save money in the long run if you buy them instead of paying for individual items.

Put off bigger purchases.
A good rule of thumb is, if you can’t afford it, don’t buy it.  If, for example, you have enough money for a downpayment on a new LCD TV but will have to borrow money off your credit card just to tide you over for the next few weeks, it would be really insane to make a purchase.  Wait until you can truly, comfortably afford something.  The worst you can do during a recession is not just failing to get money saved but also going into debt.

Practice prevention, not cure.
If you look closely, there are many things you do in your home that are siphoning precious dollars from your wallet.  Simple steps such as repairing and maintaining your home and appliances, using more efficient equipment and cutting down on unnecessary consumption can do wonders for your wallet and piggy bank.  And what better way to treat a recession than to be prudent?

Earn extra money.
If, after all your efforts, the money you have saved is still not enough, don’t let recession get the better of you.  There are times when your efforts are just not sufficient – mostly because you don’t earn enough.  Instead of asking for a raise that might never occur or waiting for a promotion to drop on your lap, consider finding other means with which to earn (and save) money.

Consider getting a part-time job, work extra hours, do selling on the side or offer your skills as a freelancer.  The extra income you earn, along with your recession-powered money-saving plan, will help you make enough until after the tough times are over.

The financial crisis has brought everything to a head. For a supposed super power the United States of America’s citizens is impoverished, and relying heavily on welfare. Every one is fighting to keep their heads above water and under a roof to call their own. Michigan’s auto industry has completely collapse. Giants are begging for a bail out to keep them afloat.

Financial Struggle

You know you’re not alone. The news about foreclosures, high credit card debts and bankruptcy is a national phenomenon. The knowledge that everyone else is down on their knees should not make you complacent, because in the first place: why are you in that situation? Granted millions of people have committed the same mistakes that you have. In the end however, you should have been keen enough to recognize that you were going under.

With everyone clamoring for help, the internet has taken advantage and a lot of people are claiming as experts in the field of credit. Unfortunately their supposed help will probably set you back even more than you already have. You do not need an expert on finances, all you need is someone to make you see within your self and realize what you did, and what is happening is your own doing and could only be undone by you.

Getting back in Financial Shape

The key to getting financial power and control back is learning how to budget. Taking time off to sit down and review the amount of money you make against your expenses is the first step to gaining financial freedom. The most basic step is often the one that’s bypassed because everyone thinks that they have great control over their spending habits. Do not leave everything into in to chance, its better to have things written down, because then you are unlikely to forget it.

Identify, and Calculate

The second step is to write the things you do in a daily basis for a period of one week. In that one week how many times did you go to the grocery? Eat out? Have a drink? Give in to the temptation and buy that perfect pair of shoes which go so well with your new hand bag and designer clothes?

Did you know that making one trip to the grocery store with a week’s list of needs and commodities will actually make you some extra money left over for savings? Going to the grocery ones a week saves you gas, time, and unnecessary spending.

As you analyze, you will find out that you dug the hole you are in. More often than not you know that you are not supposed to buy to cute jimmy choo’s because you can’t afford it and yet you still purchase the thing. The absolute realization is that impulse gets you into trouble. So…just make it a habit to never buy on impulse.

In short, always remember one line..by heart…..EARN MORE AND SPEND LESS!

Recession is a reality today and one can effectively survive it if some adequate measures are taken at the earliest. Here…I try to suggest you some simple yet effective steps to beat this dreaded monster.

• All the utility bills have to be paid on time…Not only that, try and search for alternative service provider and see if you can switch over to reduce your recurring expenses…You need to glance through all the utilities like power supply, energy, phones, television content providers, broadband, insurance, banks etc. Do undertake switching if it does not involve too much hassle.
• Do not be in debt in such times…That is a strict No-NO. If you are already in it, take the help of an advisor and find ways to pay them off…Sooner. The better.
• Try to reduce your daily expenses. Make it a habit to buy things which are absolutely necessary. Do even try cheaper brands; they might be equally good to what you have been used to buying.
• Every grocery does give away some quantity here and there as free samples. Do get hold of these, as they can eventually help you save few dollars. If the grocery likes giving away vouchers, do not hesitate to using them too.
• Why do you always need to have lunch outside when you are at office? Instead, have the lunch prepared at home and carry it to office. You might as well advise your children to carry lunch boxes instead of food allowance. This would after all, help them understand the bad times a lot better.
• Request your Office boss to allocate some work that can be done at home every couple of days. You can save on your fuel bill but you need to be equally efficient at home to benefit from it repetitively. You may even form a carpool service with your associate.
• Make use of a smaller vehicle for going to office. Bigger ones are good for show-offs but they are not fuel efficient and burn a hole in your pocket.
• Ensure you have a stable job. If you do not have one, try changing to a career that offers better job stability. Do take up a learning course or two, if needed, for better prospects.
• People with spare money should invest in equity since recession does offer stocks at good bargain value. Once the recession is over, the return would be phenomenal in the longer run.
• If your house is big enough, do give a room or two on rent. Sell old stuff lying idly in your house too. Look at ways to supplement your salary with additional resources.
  

  save money!

Nobody knows how long a recession would last. Hence it is in your best interest to bring financial stability.

Keep reminding yourself repeatedly to “Minimizing expenses and Multiplying income avenues”