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If things get as bad financial as they're reporting. What steps can we take to protect ourselves?

Answered 6 months ago


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ANSWER
6 months ago
I don’t know about everyone else but I have saved so much no gym, no restaurants, no kids activities, no shopping, at home beauty masks, no nails or eyelashes or massages. I like my new non spending lifestyle. I plan to incorporate a low maintenance lifestyle after this with my new long hair. I’m not even as made up with less pollution hardly any breakouts.

REPLY
6 months ago
We already have a low spend lifestyle but it's good that you've seen the light. Don't get me wrong doing all those things are fun but it really adds up & effects your life long term when you don't have much money in the bank for savings.

ANSWER
7 months ago
Pay off your debt NOW!!! Save cash! Be frugal. If you don’t need it, don’t buy it.

REPLY
7 months ago
Thank you for your response & for being a resonable person, amazing! We've paid off our debts so i'm really happy to have that crossed off our list. I feel like we should be doing more though. I just can't figure out what that is.

REPLY
6 months ago
Do you have enough cash for 6 months living expenses without an income coming in?? Can you afford to put an extra % each pay to your superannuation account? Maybe bump it up to 15 or 20% of your income? Are you interested in buying shares? The prices are low, now is a good time to buy. There are companies on the ASX who buy into the top 20 performing companies on the stock exchange. I would invest in those first. Remember that the ASX is only 2% of the worlds stock market, so you may want to consider international shares too.