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With all the economic uncertainty would you recommend?

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The Whiskey Priest Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 06:39 AM
Original message
Poll question: With all the economic uncertainty would you recommend?









Poll result (20 votes)
Drastically reducing all unnecessary purchases? (0 votes, 0%)Vote
Paying off all credit cards? (10 votes, 50%)Vote
Caution in all financial matters (8 votes, 40%)Vote
Status quo, but being alert to changes (0 votes, 0%)Vote
No problem, conduct your financial affairs as you have in the past. (2 votes, 10%)Vote
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   Replies to this thread
  - All of the first three...  punpirate   Oct-19-05 06:45 AM   #1 
  - agreed  tech3149   Oct-19-05 06:54 AM   #5 
  - What economic uncertainty???  greatauntoftriplets   Oct-19-05 06:45 AM   #2 
  - But we have turned the corner  liberal N proud   Oct-19-05 06:51 AM   #3 
  - If You Truly Believed A Crash Was Imminent Why Would You Pay Off Your  DemocratSinceBirth   Oct-19-05 06:53 AM   #4 
     - When the crash comes, creditors could call all personal debt  mcscajun   Oct-19-05 07:35 AM   #6 
        - They Would Be So Busy Trying To Collect I Would Tell Them To Sit And Spin.  DemocratSinceBirth   Oct-19-05 07:37 AM   #7 
 
punpirate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 06:45 AM
Response to Original message
1. All of the first three...
... prudence is always advisable.

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tech3149 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 06:54 AM
Response to Reply #1
5. agreed
I would also advise building up skills and resources for self reliance. Anything you can do that you don't have to pay someone else to do will be valuable.
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greatauntoftriplets Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 06:45 AM
Response to Original message
2. What economic uncertainty???
I am certain that the economy is in the shitter.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 06:51 AM
Response to Original message
3. But we have turned the corner
and we have captured alQueda's No. 2

HOW MANY TIMES?
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 06:53 AM
Response to Original message
4. If You Truly Believed A Crash Was Imminent Why Would You Pay Off Your
Credit Cards?



Cash would be king....
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mcscajun Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 07:35 AM
Response to Reply #4
6. When the crash comes, creditors could call all personal debt
Edited on Wed Oct-19-05 07:36 AM by mcscajun
(revolving credit) as payable immediately, if any such clause allowing it exists in your credit agreement. Many default clauses are in consumer credit agreements, and not all of them are about events under your control.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 07:37 AM
Response to Reply #6
7. They Would Be So Busy Trying To Collect I Would Tell Them To Sit And Spin.
Edited on Wed Oct-19-05 07:37 AM by DemocratSinceBirth
Once again my advice is only vaid if there is a 1929 like Depression...
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