I have become a podcast junkie. But, that's a topic for another blog post. This one is about the current state of the economy and the podcast that unleashed this addiction.
I heard the best explanation for what is going on in the economy on the most recent episode of This American Life. It's called: 365: Another Frightening Show About the Economy. And, indeed it is! But, it's better to start making informed decisions about what you should be doing than to stick your head in the sand and hope that our government will fix it. Personally, I'm paying off my personal debt, saving what I can and diversifying those savings, and holding off on any unnecessary purchases. However, what's good for me might not be good for you so please don't take this as advice in any way. If you're unsure, consult a trusted financial planner.
Oh and if you have the money, some stocks are a good deal right now. I look at it as the stock market is having a sale. Do I love a sale! And, if you want a little boost to the investment ING has a thing called Sharebuilder and they have various incentive programs going on for people who are first time account openers. I think the most basic is they'll give you $25 but if you have a Costco account they will give you even more.
Here's hoping the ride gets smoother soon!