Surviving a Recession

Yes, I’m sorry, but it appears to be time for Tips for Surviving a Recession. I know we don’t want to hear this or think about this, but I sincerely believe it is still happening.

Tips include:

  • Build your emergency fund.
  • Pay off your credit cards.
  • Increase your income, if at all possible.
  • Don’t buy a new home without selling the old home.
  • Don’t quit your job without finding a new one.

That’s my summary, but there is more at Tips for Surviving a Recession, including things to tighten in the family budget.

My favorite quote from the article deserves to be called out with a snarky reply:

“I have a friend who just lost her job. She is having a ball selling a whole bunch of stuff on eBay, everything from a gold Cartier watch to smaller things,” says Kit Yarrow a marketing and psychology professor at Golden Gate University.

Oh, Kit, I’m sure your friend is “having a ball” selling her possessions on ebay. Perhaps the words just came out wrong? Say it’s so. Please.

Resources
Recession? Maybe.
Recession Proof Financing
Recession Ready Advice: Careers
The Brazen Careerist

Posted In: workplace tips on January 24, 2008

10 Responses to “Surviving a Recession”

  • ck says:

    Uh, so do you think this is a good time to start a PhD? ;)

  • Ms. Theologian says:

    I think it’s not a bad idea to stay out of the job market temporarily for your own sanity, if you can swing that, but of course people succeed in all sorts of ways in a recession.

  • ck says:

    Hmm. So maybe in five years, I’ll burst onto the job market and land a really sweet tenure track position! If I can survive the diminished income in the meantime…

  • Ms. Theologian says:

    Mmm…maybe. :) It seems to me that businesses that deal directly with the public are hit first and hardest by recessions, while academia takes much longer.

  • Pamela says:

    Oh no! I just announced on my blog that I’m looking for a job and then I came here and saw your post!!! Doh!

  • Boy in the Bands » Blog Archive » Best comment of the day says:

    […] tip to Ms. Theologian (Surviving the Workday) for the article. Oh, and thanks for pointing out the yoga article, too. Sharing that one at Day […]

  • Ms. Theologian says:

    People find jobs in recessions…I’m just not sure quitting first is necessarily best….did you quit?

    Had to look up Cloverfield monster, BinB.

  • Pamela says:

    No, I haven’t quit. Luckily I’m not that rash. It just seemed ominous that I read this right after posting. But I also scheduled myself to take the GMAT on the Ides of March so I’m on a roll ;-)

  • Comrade Kevin says:

    Hmm. These sound like sound ideas for all times to me.

    I’m just sayin’. :-)

    In times of economic prosperity, you’re allowed to be irresponsible?

  • Scott Wells says:

    Perhaps I’m in too-geeky a Day Job. Cloverfield has been an ongoing subject of discussion, complete with an en-masse screening by staff. (I declined.)

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