Times are tight. What are you doing about it?
It's five months into 2001, and for months now we've been hearing words like "downturn," "economic indicators," "layoffs" and, of course, "recession" in daily conversation. Everyone from Federal Reserve Chairman Alan Greenspan to your cashier at the grocery store has something to say about the economy, but no one can agree on whether we are, in fact, headed for a recession.
Maybe you think all this talk affects you; maybe you don't. It doesn't matter. What matters is what you're doing right now to prepare yourself for lean times. The fact is, it can't hurt to tell yourself we're headed for the big R. To put it another way, it can't hurt to tighten your belt a bit and trim costs wherever you can.
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