Personal Finance Review – Market Turmoil Edition

January 23, 2008

Markets are down, what should we do?  My best advice is to tune it out.  It may be hard to do since it’s all over the news but for my part I’m just going about business as usual.  Let’s look at what others are saying about the tough economic times:

The Digerati Life has a video on the stock market ruining your life and Generation X Finance asks whether an economic stimulus package will help the markets.

Free Money Finance is buying all the way down, Five Cent Nickel reports on the Fed’s major rate cut, and Blueprint for Financial Prosperity asks should you refinance?

If you’re wondering which type of investments are best to have during market uncertainty, read Sun’s comparison of active & Passive mutual funds.

As things get nasty, make sure you’re building an emergency fund like No Credit Needed and check out 21 money-saving sites listed at Get Rich Slowly.  You could also look into taking a second job or starting a side business over at the Mighty Bargain Hunter.

If you’re short on cash, don’t put it on your credit card, instead get a loan at Lending Club, who Lazy Man reports recently made some updates to their lending site.  When money is tight, be sure not to waste it like Golbguru did recently.

If you’re looking for some ways to take your mind off of the down market check out the 2nd edition of the Carnival of Peer Lending or the latest edition of the Carnival of Personal Finance.

Ben

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Ben

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn’t like the other kids… His addiction to personal finance has paid off for his family and now he’s helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.


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