The best thing you can do for you and your family during this economic recession is reduce the risk in your life. This is not the time to be taking uncalculated risks with your money, your career, or your future. Here are three ways you can reduce the financial risk in your life today:
Eliminate As Much Debt As Possible: Put together a plan to start reducing your personal debt. There are many different strategies to reduce your debt. If you have a bunch of debts with similar balances, then start paying off the one with the highest interest rate first. If you have a bunch of debts with a large range of balances, then start paying off the smaller ones first to get them out of the way. Read my plan to get out of debt here.