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.

Personal budgeting is not so tricky and everybody can master it

Probably you have learned the hard way a basic truth about money – it is never enough! No matter how much money you make, you can always spend more than you earn. And what is worse, it seems that you spend money only on things you absolutely need, not on lavish extravaganza. Or is it really so?