Catching My Breath and Hoping for Better Economic News
I have had a busy economic week as well, posting my thoughts here and at Go To Retirement, I have also continued doing my bit as a volunteer tax returner. This weekend I am hoping to catch up on some other parts of my life and try not to think about all of the bad economic news.
I wanted to mention a couple of things of possible interest.
First, over at Go To Retirement I wrote a piece on ways we are cutting expenses to avoid having to cut our lifestyle. There is also a link in that article to a great list of cost-savings tips compiled by the AARP.
Over at the Lazy Man and Money blog, I wrote a guest post on how to help your parents cope with damage to their retirement nest egg. If you have parents in that situation, it might be worth your time to read.
Pinyo at Moolanomy wrote a piece on reasons why you should not pay off your mortgage early in a bad economy. This was interesting to me considering that this is exactly what we did last week! Pinyo has some valid arguments but some of them are based on assumptions that may have been valid a year ago, but perhaps not now.
As a follow-up to my article earlier this week on how to be your own financial planner, I was reminded of an excellent resource for using financial calculators in your life and business. Certainly the use of such calculators is helpful if not critical to putting together savings, debt reduction, and investment components of your plan. The site is dinkytown.net. It’s free. Check it out.
I haven’t finalized my thoughts on the President’s mortgage rescue plan. I have been thinking about that subject and plan on publishing something tomorrow. For now, let’s just say there are plenty of unanswered questions.
Have a great weekend and join me in hoping for some glimmer of good economic news next week.
Image credit: Rodolfo Belloli