Goodday,The current economy situation around the world gives concern to problem we are facing. In US,UK/Europe,Asia and Africa, share prices had fallen and investments records negative results. Sooner or later the circumstances will change again, but lessons had to be learn. The lessons to be learn are
Firstly,we need to save more than we spend,excessive spending without proper plan of saving will make us return back to the same problem. Secondly, we need to re-organise our priorities in life,this mean what are those thing that really matter,it is going on endless holidays and leisure where the money spend are all credit,or borrow against our mortgage and investments. Agreed we may blame the bank leaders for mis-invested our money or paying themselves much,but we the consumer too need to control our borrowing on unnecessary adventures.
As we make reasonable efforts to sort our finances out incident like credit crunch will meet us prepare in the future.
bode
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