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How can you survive the financial crisis?

Updated: 8/22/2023
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Shajeerk09

Lvl 1
12y ago

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We could lower costs and cut trades from at least 5 bussinesses across sea but that would create an economic problem that affects other countries and doesn't improve our condition. Guess you gotta' wait for obama.

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Wiki User

14y ago
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12y ago

This financial crisis has been one of the worst ones since the great depression. However, with some proper tactics, we all can survive this......

1. Start saving more.

Don't buy unnecessary things. Cut down consumption of things that you don't need. If you earn $50 per day, try saving $20 out of that.

2.Make a budget

Having a budget allows you to manage your finances better. You don't lose track of the money that you spend and save.

3.Do not waste anything

Whatever you buy, use it properly. Do not stop consumption. But avoid wasting things. Previously, the developed nations used to discard usable products. The amount of wastage used to be really high. Stop that.

4. If possible, move in with your parents and friends if you can. Share the living expenses. That way, you will see that you save a lot more money.

5. Do not get scared. people are making mistakes and avoiding investments today. Remember that doing so will not help make things better., maybe in the short run, it will help you but in the long run, it will only exacerbate situations. keep doing things . remember things will get better, you just need to have some caution in how u spend money.

6. Don't spend more than you can. the credit card system makes you feel that you have the money to buy even though you don't have liquid cash, even though you don't have $500 dollars, credit cards makes you feel you do. Don't buy anything that you cant afford, even with a credit card, the interest payments add up to a lot of money and many people go bankrupt paying off their credit card debts.

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15y ago

= What can you do to avoid the economic crisis?" =

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9y ago

Growing your own food is like printing your own money!

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Q: How can you survive the financial crisis?
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why financial crisis occur why financial crisis occur


Where did the global financial crisis start?

The origin of the Financial crisis was in the United States.


What southern European country is experiencing a financial crisis 2012?

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Has the global financial crisis affected nestle?

No


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If you had a part in causing the financial crisis you will likely be considered a criminal- especially if life saving were lost- whether intended by you or not!

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Why did the financial crisis occur in 2008?

why financial crisis occur why financial crisis occur


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What are the exact dates of the 2008 financial crisis?

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What southern European country is experiencing a financial crisis 2012?

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What major event was happening when Obama was president?

This is probably the US financial and mortgage crisis.


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There are a few ways to stop yourself from having a financial crisis. Watching your spending, budgeting your money correctly, and having money in a savings account, can help prevent a financial crisis.


What factors contribute to a financial crisis?

Depending on what kind of financial crisis is being described for example; large scale financial crisis such as businesses and communities or small scale such as personal financial troubles. On a personal level not having enough money to live of for necessities is a crisis. For large scale like a community if the economy is bad then that is a big problem as well.


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