What's your plan during the economy recession?

simply try my best to earn more monry as well as save the daily expense.

Well fortunately, I think it hasn't reached our country but I've heard some local economists say that it's not a farfetched idea that it will soon reach us here. I have heard from the local news that aside from other regions, some Asian countries namely Singapore and Japan, are now being affected by this economic crisis or 'recession' as they call it. Also, we have a lot of overseas workers who are basically depended upon in terms of finances by their families living here. Locally, it is believed that either displacement or shortening of working hours and days will occur. Even without this crisis, I'm afraid that early next year, I will be one of the many Filipino employees who will be displaced from our jobs because the company I'm currently working with for nearly four years now is planning to close until the first quarter of next year. Initially, it was set at December 31, 2008; but another request was made to the governing authorities. So, as early as now, I am trying to pay-off all our existing monetary obligations with various individuals and companies so that we don't have to worry about these when this crisis besets our country. Also on a personal note, I've been trying to minimize on public transportation costs through taking a less expensive mode of transportation and walking a hundred meters or a few more; eventually gaining much needed exercise in the process.

Hi Garfield_Zhou, My personal plan about this Global Crisis is to adapt Frugal Living. I am also looking for a side line to support the growing needs of my family. I just hope I'm on the right track. I have seen overseas workers went back here due to the recession. Some factories here already closed down, and these are prestigious companies! I am working in a call center and I have heard that other call centers already cut their budgets like some of them were no longer providing annual appraisals ato their employees. It is a grusome truth that should be faced head strong inevitably so this early, I am just covering my base for me and my family. I hope everything will work out all right... All's well that ends well... All for the best. May you have a good day and a better tomorrow!

I am from Philippines. A lot of oversease filipino workers are also affected by the slippery slope of the other countries economy. This in turn will affect the dollar / foriegn currency remittance within the next coming months. Hopefully this will not last long though. Personally, i am wiser now in my spending. Better safe than sorry =)