Archive for the ‘Dollars and Sense’ Category

It’s a Rollercoaster Economy, but Hang On and Survive the Ride

06 Jan

The world economic recession is lasting a lot longer than we would all have liked and for sure we are all feeling the pinch. For some, it’s probably seemed more like a stranglehold or a headlock because unfortunately, Jamaica had been experiencing its own challenges, which included a steady trend of job losses, long before the world market officially took a nose dive in 2008. It’s indeed looking dread out there. Continuously escalating prices of goods and services, notably gas, food and electricity, are pressuring diminishing incomes – or in some cases like mine, disappearing ones – and many incomes have been yielding to the pressure. Job security is a thing of the past. Maybe for you it’s been a tailspin but don’t despair, there are practical steps that you can take to alleviate the pressure and keep your sanity. Read the rest of this entry »