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	<title>Debit versus Credit &#187; Recession Proofing</title>
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	<link>http://debitversuscredit.com</link>
	<description>A personal finance blog dedicated to fighting financial ignorance</description>
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		<title>Weekend Reading: October 4</title>
		<link>http://debitversuscredit.com/miscellaneous/weekend-reading/weekend-reading-october-4/</link>
		<comments>http://debitversuscredit.com/miscellaneous/weekend-reading/weekend-reading-october-4/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 16:58:52 +0000</pubDate>
		<dc:creator>Joseph</dc:creator>
				<category><![CDATA[Weekend Reading]]></category>
		<category><![CDATA[Recession Proofing]]></category>

		<guid isPermaLink="false">http://debitversuscredit.com/?p=417</guid>
		<description><![CDATA[Good morning and happy weekend to all of you! It&#8217;s been an interesting week, with the stock market being so volatile and the $700 billion bailout being passed and signed into law. I&#8217;m still of the opinion that the latest government action will not be enough to bring us out of our economic slump that [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Good morning and happy weekend to all of you! It&#8217;s been an interesting week, with the stock market being so volatile and the <a href="http://debitversuscredit.com/2008/09/5-reasons-we-dont-need-no-stinking-bailout">$700 billion bailout</a> being passed and signed into law. I&#8217;m still of the opinion that the latest government action will not be enough to bring us out of our economic slump that we&#8217;ve hit, but with any luck it will at least restore confidence to the American business and consumer. As long as confidence is restored it should go a long way toward bringing us out of this slump.</p>
<p>As usual I&#8217;ve spent some time reading other <a title="Personal Finance Blog | Debit versus Credit" href="http://debitversuscredit.com" target="_self">personal finance blogs</a> like Debit versus Credit and I&#8217;ve found several good articles that I wanted to share with you. So without further ado&#8230;</p>
<p style="padding-left: 30px;">Frugal Dad has a great post where he shares <a href="http://frugaldad.com/2008/10/02/five-unique-strategies-to-recession-proof-your-household/">Five Unique Strategies To Recession-Proof Your Household</a>. He shares some great basic survival tips, but also has some interesting ideas that I&#8217;ve never even thought of such as using coupons off of eBay in order to save on stockpiling non-perishables.</p>
<p style="padding-left: 30px;">Ramit from I Will Teach You To Be Rich has begun an interesting series that he calls The Money Diaries. He&#8217;s asking readers to send in diaries of what their financial life is like for an entire week and he posts them anonymously on his blog. This week he&#8217;s posted one featuring a young lady who doesn&#8217;t make enough to cover her shopping habits. Check Out <a href="http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-20-something-who-doesnt-make-enough-to-cover-her-shopping-habit">The Money Diaries</a>.</p>
<p style="padding-left: 30px;">Michael from Money Musings shares his thoughts on the bailout and some of the untruths that he feels are being passed around regarding it. He&#8217;s definitely cynical with his thoughts, but he truly does bring up some great points, most of which I am inclined to agree with. Check out <a href="http://www.mdmproofing.com/iym/weblog/2008/09/and-pigs-will-fly.html">And Pigs Will Fly</a>.</p>
<p style="padding-left: 30px;">Trent from The Simple Dollar tries to talk us out of being afraid unnecessarily. He quotes from FDR&#8217;s inauguration speech where he says that the only thing to fear is fear itself. Trent is referring, of course, to all of the doomsday talk that&#8217;s been going around lately and is trying to make the case that there are plenty of things to be optimistic about. <a href="http://www.thesimpledollar.com/2008/10/02/the-only-thing-we-have-to-fear-is-fear-itself/">Check out The Only Thing We Have To Fear Is Fear Itself</a>.</p>
<p style="padding-left: 30px;">Blake from Youngdough.com talks about Parkinson&#8217;s Law of Finance which states that ‘expenses expand as to fill the available budget’. He follows up by sharing his ideas on how one might &#8220;beat&#8221; this law. Check out <a href="http://youngdough.com/2008/09/24/defeating-parkinsons-law-of-finance/">Defeating Parkinson&#8217;s Law of Finance</a>.</p>
<p>That&#8217;s it for this weekend. Check back next week for some great things at Debit versus Credit. Monday October 6th is our 1 year blogoversary and I&#8217;ll be kicking things off with a redesign and a contest to boot! Stay tuned&#8230;</p>
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