With all the economic uncertainty would you recommend?

[The Whiskey Priest]

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

[punpirate]

1. All of the first three...

... prudence is always advisable.

[tech3149]

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.

[greatauntoftriplets]

2. What economic uncertainty???

I am certain that the economy is in the shitter.

[liberal N proud]

3. But we have turned the corner

and we have captured alQueda's No. 2

HOW MANY TIMES?

[DemocratSinceBirth]

4. If You Truly Believed A Crash Was Imminent Why Would You Pay Off Your

Credit Cards?



Cash would be king....

[mcscajun]

6. When the crash comes, creditors could call all personal debt

(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.

[DemocratSinceBirth]

7. They Would Be So Busy Trying To Collect I Would Tell Them To Sit And Spin.

Once again my advice is only vaid if there is a 1929 like Depression...