Wrong Tern Finances

When it comes to making adjustments to hedge against inflation, there are very few adjustments available that will allow you to survive an all out inflationary recession. With the cost of food, clothing, and everyday living expenses being constantly adjusted upward due to rising fuel costs, then what can you do?

The key indicator for personal financial recession and it’s downside, ultimately rides on your fuel cost, whether it be unleaded or diesel. Choosing between the two is not a good option due to the flipped-ness of the big oil companies. A few years ago and for quite along time, diesel was the lesser expensive fuel choice, then out of the blue, it is now the most expensive. I won’t go into their reasoning, but let’s face it, diesel is a much more crude fuel than unleaded gas? Go figure?

Trying to find a way to offset your fuel costs will definitely help in adjusting to the recession, from a personal standpoint. If you own and drive a vehicle that is fuelish, you may want to switch to a more fuel friendly model, but I realize that’s easier said than done. There is however alternatives to downsizing your vehicle.

One seldom realized method of downsizing in vehicles is to donate your car or truck. There are charitable organizations that accept useable vehicles and you can write off the value from your taxes. This is a very good way to reduce your federal income taxes and thus keeping more of your hard earned money. Each state has a list of charitable organizations that do this type of donation and it’s well worth a look see.

If you are of the more stubborn type and you really do not want to part with your current vehicle, you can make some small changes to your vehicles motor operations and save a bundle in fuel cost. For years I have said that, if they can put men or women, being politically correct, on the moon, then they can make cars get 100 miles to the gallon. Don’t hold your breath waiting for that technology to hit the market any time soon, but there is some incredible breakthroughs that are not commercially recognized, where you can greatly improve your vehicles fuel efficiency.

Hybrid cars have been around for a while, but the cost and the really true efficiencies are not being shared with the consumers. What I am getting at, is the method widely being tried now in virtually any make or model of cars or trucks. This method is using gas and water together to extend or improve your mileage per gallon. While it requires a few minor adjustments, most people can apply this to their own personal vehicles and it still meets, and actually exceeds emission standards. So, basically it’s a win-win for you, and the environment. I would strongly suggest you investigate this process and relieve your stress, of how to get back or get even with the big oil companies and car manufacturers.

Greed is a terrible thing and ultimately the greedy will pay, unfortunately, we may not live to see that come to pass, but anything we as middle-income earners can do to hurry it along, can’t hurt. Since middle-class Americans, front the burden of most of the national debt and taxes in this country, finding alternatives to the wages of financial sin is our destiny.

By: Jimmy Wilson

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Being in serious debt can be very stressful. In fact it can destroy your life. It can lead to hopelessness and despair. I know, because I have been there. Easy access to credit cards and store cards are the main reason people get into debt. High interest rates make it difficult to get out of debt. However it’s important not to panic as there are option available to you in the form of debt management programs and debt counseling services. With some commitment on your part and good debt reduction company you could become debt free in just a few years.

There are many organizations offering different options for debt relief, some good and other not so good. Debt management programs are a booming business especially in the correct financial crisis. Whether you decide to hire a debt relief service or take it on yourself, you should do your research before making a decision.

While debt reduction company can be a big help, they cannot solve all your debt problems for you. Any organization that promises this is promising something they probably cannot deliver. Be very wary of any firm that makes extravagant claims. For a debt reduction program to work will require changes to your lifestyle. These changes will seem time consuming and difficult at first, but over time they become an instinctive part of your life and are really no problem at all in the long run.

Other options available to you include debt consolidation or a home equity loan as a debt reduction strategy. This would become easier if you owned a home and have sufficient equity. In addition, the interest may be tax deductible. However, this option requires careful thought as you may end up losing your home if you fail to make the payments.

No single debt reduction strategy may be ideal for your situation, the best thing you can do is to be very careful about which option you do decide on, and remember to do your research before making a decision.

By: N Hynes

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