5 Lessons from the Recession


	5 Lessons from the Recession
shaor
5-14-2009 7:54 PM
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5-15-2009 3:25 AM
merrie
Nearly half of American shoppers visit a dollar store in a given month, according to a 2008 survey by market research firm Retail Forward. One-third of those shoppers have incomes of more than $50,000.
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d5107bd0-a857-4865-8c8a-7133c4b319b1/638AD09A-B062-4A38-99E3-33E48DB552A1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109" href="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109" style="font-size: 11px;">finance.sympatico.msn.ca</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><P>Whether you lose your job or not, this downturn will almost certainly mold your ideas about money. And if you learn what hard times can teach, it'll serve you well in the years ahead.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><P>The Great Depression famously shaped, and in some cases warped, the "Greatest Generation."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><STRONG>1. Frugal isn't a four-letter word</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><DIV class="paratitle dubcb">More on saving and debt:</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/finance.sympatico.msn.ca/img/8C6888FA-5F35-4235-96E7-88BDC9F0F2F7" alt="More on saving and debt:" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><li style="margin-left:16px;padding-left: 0px;"><A href="http://finance.sympatico.msn.ca/investing/insight/article.aspx?cp-documentid=19618007">Your kid: A (highly paid) star? </A></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><li style="margin-left:16px;padding-left: 0px;"><A href="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19617383">Delaying financial fixes? That's dangerous</A></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><li style="margin-left:16px;padding-left: 0px;"><A href="http://finance.sympatico.msn.ca/savingsdebt/yourmoney/article.aspx?cp-documentid=19559961">Dollar stores: Where the deals are</A></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><li style="margin-left:16px;padding-left: 0px;"><A href="http://finance.sympatico.msn.ca/banking/mortgages/article.aspx?cp-documentid=19570647">Is it wise to buy a home alone? </A></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><li style="margin-left:16px;padding-left: 0px;"><A href="http://finance.sympatico.msn.ca/retirement/gordonpowers/article.aspx?cp-documentid=19561103">Why are we fighting about money? </A></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><li style="margin-left:16px;padding-left: 0px;"><A href="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19494626">Seven guides to fixing your finances </A></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><P><STRONG>2. Lenders are not your friends</STRONG> <BR />You'd think it would be obvious by now, but too many people are still shocked -- shocked! -- when their lenders treat them poorly by slashing <A href="http://search.live.com/results.aspx?FORM=CXTFIN&setlang=en-CA&q=credit&mkt=en-CA" target="_blank" class="cspagelinkdotted">credit</A> limits, jacking up interest rates or dragging their heels on loan modifications.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><STRONG>3. Everything involves risk</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><P>* <A href="http://www.facebook.com/apps/application.php?id=60837330900">Check us out on Facebook</A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><STRONG>4. It pays to have good help</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><STRONG>5. This, too, shall pass</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.sympatico.msn.ca/savingsdebt/lizpulliamweston/article.aspx?cp-documentid=19686109"><P>If you learn the right lessons from this recession, you'll be ready and waiting for them.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/638AD09A-B062-4A38-99E3-33E48DB552A1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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