Sunday, June 22, 2008
Financial Crisis Around the World
Now people in USA are facing financial crisis due to the high price of fuel. Because of that everything goes up in price too which makes it difficult for most people, not only for the poor but also the middle class are affected by it. Just this week hubby noticed that there are more people this year going out biking compared to last year. Then we saw the news that there are other people who prefer to ride the bus than the airplane because of the high price in getting a plane ticket. It's so sad that this is happening not only from other countries but also here in US. I heard from a friend that she and her husband saw a show on tv about Americans who are in debt which made other individuals commit suicide. Then another friend of mine who had a friend who visit Philippines last week said that prices in the Philippines also is now expensive. We know about the increasing price of the rice but I don't have any idea how expensive other things there now. I don't know when this problem be solved but what we should do is to learn how to control to not spend more than what we earn. Competing with the Joneses won't help so we better be careful in spending but of course don't starve yourself. I read an article in the past about money and the author said (which I think a financial advisor) "if you don't have the money, then you can't afford it".
Posted by Michelle2 at 10:26 PM