Finance Helper

We’ve long pointed to the silver lining of a down economy here at the Wallet. Sometimes, we’re downright optimistic.

Yes, nationwide unemployment is at 8.5% and jobs keep being shed. Yes, excessive consumer spending is part of what got us into this mess. But the majority of people are still working. We, like the rest of the world, have no clue how much longer the Great Recession will last, but if you’re a prudent saver and spender, there’s no sense in wasting some historic buying opportunities.

Forbes has a slide show of 10 things to buy when the economy is down. Their list includes:
1. A house
2. A car
3. A vacation
4. Toys
5. High-dividend stocks
6. A laptop
7. Diamonds
8. Women’s clothing
9. A television
10. Furniture

We’d add to that list of things that are on the cheap:
-Luxury goods (If you’ve got the cash, these are dramatically priced down.)
-High-end meals (See above.)
-low-end meals
-Stocks (Especially if you’re young.)
-Gym memberships (Lock in a low monthly rate on a contract and get introductory fees waived.)

Source: http://www.banks.com/