Resist the Impulse to Panic Over Finances


	Resist the Impulse to Panic Over Finances

rmowery

3-23-2008 3:02 AM

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tags:

finance, economy, debt, wealth, recession

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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/d8c45786-ba93-4526-84e5-ff9c5ef033b3/7642318F-5B6E-4C20-B1E3-1490A7AAEFC3/" 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://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A" href="http://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A"><NYT_HEADLINE _moz-userdefined="" type=" " version="1.0">
Resist the Impulse to Panic Over Finances
</NYT_HEADLINE></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://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A"><P>A major investment bank has collapsed, and the Fed is cutting interest rates to stave off a recession that we may  already be in. More and more people seem to be having trouble making their mortgage payments, and credit card delinquencies are up.</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://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A"><P>Short of putting our heads in the sand and hoping it all passes, what should we do with our own  finances?</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://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A"><P>According to the experts,  the best advice is  to not panic. </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://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A"><P>Consumers who have managed to avoid the excesses of the last few years should sit fast, the experts say. </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://www.nytimes.com/2008/03/22/business/yourmoney/22money.html?em&ex=1206331200&en=51480a2f1691cf51&ei=5087%0A"><P>As for those who ran up credit card debt, exhausted their lines of credit or did not put away much in savings — in other words, acted as millions of other Americans did — they should use these unsettling times as an opportunity to review their finances. </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/7642318F-5B6E-4C20-B1E3-1490A7AAEFC3/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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