Weather the Recession

Safeguard your financial future with these frugal tips.

Protect your job: If you suspect your company is downsizing, don’t give them a reason to let you go! Prove you are worth keeping around by going above and beyond.

Prepare for a layoff: Even if you work hard to keep your job, layoffs are sometimes inevitable. Planning ahead never hurts, so beef up your resume and keep in touch with acquaintances in your industry.

Find extra income: Turn a hobby into a business, find a second job or have a garage sale. Take advantage of any opportunity to increase your cash flow. Better yet, put any extra cash you make into paying bills and reducing debt.

Reduce general expenses: Cut out coupons, set a budget, reuse items or buy generic – any way you can cut down on spending is helpful. Consider switching your cell phone provider, taking the bus, reducing your electricity use and eating out less.

Refinance loans and credit cards: If your interest rates are sky-high, look into refinancing. Lower rates can save you hundreds, maybe even thousands, of dollars over the course of a year.

Utilize your bank/credit union: From free financial coaching to debt consolidation services, Mountain Community has a host of products and services that can save you money. Stop by or call today to find out how we can help safeguard your financial future.