There is gloom and doom all around these days. The economy is bad. Lets be honest here. Its really bad. Its worse than the media and the politicians want to admit. So it is truly is scary times.

This is not the first time we have had bad economic times, but for many of us its the first time we have really been impacted by it. In the early 80s and the early 90s we had bad recessions. We lived through them and this one we will live through as well. Losing your job or all your money would be a bitch, but it is not your life. As one of my favorite quotes from Fight Club states, “You are not the contents of your wallet.”

So how do we deal with the current economic situation? By paying down debt and saving money. Sure the economy is fueled by spending, but you have to get in a good financial situation to do so. Don’t believe the idea that if everyone runs out and buys stuff the economy will rebound. It is a lot more complicated. Pay off your debt and/or save. Don’t continue down the road of uncertainty.

You can get great information about getting out of debt from Dave Ramsey. I have been listening and following him for several months and have found a lot more peace in my life knowing that my finances were under control.