Corrente

If you have "no place to go," come here!

What to do for your own fiscal health

Sarah's picture
Submitted by Sarah on Sun, 09/21/2008 - 4:01pm
Departments: 
Department of Now It All Makes Sense
Thread: 
Class Warfare

First, and foremost, write and call and email -- not just one, but all three -- your representatives. Local, state, and federal. Send copies of your letters to the media. Demand Bu$hco's bailout plan be scuttled NOW.
Second, get out of debt. If you're contemplating buying something on credit, hold off 30 days.
Third, make sure any checking or savings accounts you have are within the limits of and with institutions covered by the FDIC. If you're one of the lucky few who'll have to move some money to do this, get after it.

0
No votes yet

Comments

herb the verb's picture
Submitted by herb the verb on

A community, local bank or credit union.

Where it should have been anyway.

-----------------------------

Around these parts we call cucumber slices circle bites

Fredster's picture
Submitted by Fredster on

Well ours is rated a 3. We are a tad over the limit for 2 owners of the accounts. These are the savings/earnings of two parents and I got added on after the death of one of them. How to explain to her "Mom we need to go to the bank and take out $80,000 and move it somewhere else and no the mattress won't work". She's a depression-era child and if I mention possible bank failures she'll shit.

Submitted by hipparchia on

and it may give you a better feeling about your bank. for instance, somewhere in there, my bank rates a + on something [ i forget what], which the footnotes tell me means "expected to improve in the next 12 months."

MsExPat's picture
Submitted by MsExPat on

to your list. I'm braced for the dollar to take a big, big hit, no matter what happens. Think Argentina. I've spread my meagre liquid assets across a variety of currencies--Euro, HK dollars, Singapore Dollars, Aussie dollars. I don't know which ones are going to rise or fall, but I feel saver having a basket than having all my eggs in US dollars.

BDBlue's picture
Submitted by BDBlue on

If the stock market rebounds some this week as I expect it to with the planned bailout, then I'm selling all my non-retirement mutual funds. Part of my suspects that whatever rally will last just long enough for the rich to get out, so I plan to take advantage of their window of opportunity. And then there's the fact that I'm tired of contributing to these people's wealth when they're so reckless with my meager savings. I'd rather pay off my credit card and stash the rest in CDs, Treasuries or other currencies. May not be the smartest thing, but it's hard to know what the smartest thing is. And it's not like I've got enough saved that the earnings on it will make a huge difference one way or the other, not even compounding over time.