With a global recession in sight, it is really vital to know how to make yourself recession proof

One of the major topics in the news today is the poor state of the economy, following the mortgage crisis and the bankruptcy of many financial institutions. The word “recession”, or even “depression” is frequently mentioned. While recessions are not the best time of your life, there is nothing so worrying about them and if you don't panic, but take the appropriate measures instead, you will survive not only this recession but all the recessions in the decades to come.

Having lots of fun can be cheap and enjoyable

Entertainment might be something you can survive without but as the saying goes: “All work and no play makes Jack a dull boy.” Entertainment is part of our lives and even though it is the first thing we cut when we are in times of financial trouble, there are many cheap and enjoyable activities you can take. Here are some tips how to spend less money on entertainment and still have fun:

Water, electricity, heating, and telecom bills can eat a lot of your income, if you don't take steps to prevent it

Utilities are like food – you can't live without them but you don't need much in order to survive. If your water, electricity, heating, and telecom bills look outrageous to you, don't get desperate how you will pay them but try cutting them down instead. There are many steps you can take to minimize your bills without much inconvenience and here are some of the easiest ones:

Buying a house and renting each have their advantages and disadvantages and you should consider them carefully before you make a decision

One has constantly to make choices in his or her life but there is no doubt the most expensive choice you need to make is related to real estate. Depending on your situation, the choice could be between buying and renting or between keeping and selling but in any case it involves hundreds, or even millions of dollars, and nobody blames you, if you can't decide right away. And what is more, there are many cases when buying has many more advantages over renting and vice versa, so you need to think quite a lot before you decide.