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
January 24th, 2008 at 5:05 pm
Uh, so do you think this is a good time to start a PhD?
January 24th, 2008 at 5:13 pm
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.
January 24th, 2008 at 6:02 pm
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…
January 24th, 2008 at 6:09 pm
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.
January 24th, 2008 at 9:19 pm
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!
January 24th, 2008 at 9:30 pm
[…] 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 […]
January 24th, 2008 at 10:24 pm
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.
January 25th, 2008 at 12:20 am
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
January 26th, 2008 at 12:44 pm
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?
January 28th, 2008 at 5:42 am
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.)