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When it comes to making adjustments to hedge against inflation, there are very few adjustments available that will allow you to survive an all out inflationary recession. With the cost of food, clothing, and everyday living expenses being constantly adjusted upward due to rising fuel costs, then what can you do?

The key indicator for personal financial recession and it’s downside, ultimately rides on your fuel cost, whether it be unleaded or diesel. Choosing between the two is not a good option due to the flipped-ness of the big oil companies. A few years ago and for quite along time, diesel was the lesser expensive fuel choice, then out of the blue, it is now the most expensive. I won’t go into their reasoning, but let’s face it, diesel is a much more crude fuel than unleaded gas? Go figure?

Trying to find a way to offset your fuel costs will definitely help in adjusting to the recession, from a personal standpoint. If you own and drive a vehicle that is fuelish, you may want to switch to a more fuel friendly model, but I realize that’s easier said than done. There is however alternatives to downsizing your vehicle.

One seldom realized method of downsizing in vehicles is to donate your car or truck. There are charitable organizations that accept useable vehicles and you can write off the value from your taxes. This is a very good way to reduce your federal income taxes and thus keeping more of your hard earned money. Each state has a list of charitable organizations that do this type of donation and it’s well worth a look see.

If you are of the more stubborn type and you really do not want to part with your current vehicle, you can make some small changes to your vehicles motor operations and save a bundle in fuel cost. For years I have said that, if they can put men or women, being politically correct, on the moon, then they can make cars get 100 miles to the gallon. Don’t hold your breath waiting for that technology to hit the market any time soon, but there is some incredible breakthroughs that are not commercially recognized, where you can greatly improve your vehicles fuel efficiency.

Hybrid cars have been around for a while, but the cost and the really true efficiencies are not being shared with the consumers. What I am getting at, is the method widely being tried now in virtually any make or model of cars or trucks. This method is using gas and water together to extend or improve your mileage per gallon. While it requires a few minor adjustments, most people can apply this to their own personal vehicles and it still meets, and actually exceeds emission standards. So, basically it’s a win-win for you, and the environment. I would strongly suggest you investigate this process and relieve your stress, of how to get back or get even with the big oil companies and car manufacturers.

Greed is a terrible thing and ultimately the greedy will pay, unfortunately, we may not live to see that come to pass, but anything we as middle-income earners can do to hurry it along, can’t hurt. Since middle-class Americans, front the burden of most of the national debt and taxes in this country, finding alternatives to the wages of financial sin is our destiny.

By: Jimmy Wilson

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Increasingly, debt is becoming a significant financial burden for many people that impacts all areas of life. Studies indicate that the largest cause of divorce is financial problems since it places a huge pressure on relationships. Unfortunately, most people drown in debt without ever realizing that help is available to free them from its tentacles and set them on solid financial ground. Shame, embarrassment and false optimism that things will improve on their own are the main reasons people let the problem get to overwhelming proportions.

Fortunately, there is help available for people who are struggling with high monthly debt payments. These programs are offered by some lenders along with private companies to help their clients manage debt effectively. The purpose of such programs is to help the debtor to gradually pay of their debts. Depending upon a range of factors, there are two main types of debt management programs available to people through lenders. These are unsecured programs and secured programs.

Debt counseling, debt consolidation and debt settlement programs are the most common forms of debt management offered by lenders and private agencies. Debt counseling programs aim to guide you how to best manage your debt, avoiding common pitfalls and planning to be debt free. A debt counselor is well placed to advise you on which program would be most suited to your own unique circumstances. As well as professional debt counseling businesses, there are a host of non-profit agencies which offer free debt counseling to struggling members of the public.

The most popular and effective debt management program is that of debt consolidation. This is usually done using a debt consolidation loan which has a much lower interest rate than the various individual credit cards and other loans. The advantages of consolidating debts into a single lower rate loan are threefold. Firstly, your overall monthly payment will be much lower taking significant pressure off your finances. Secondly, you will only have to make one payment instead of several which makes financial management easier. Thirdly, there is a built in end date for the loan. Debt consolidation loans are fixed term loans which guarantees that you will not only be easing the immediate payment burden but also be gradually eliminating your debt altogether.

Debt settlement programs are special arrangements made to reduce the amount of debt you will have to pay. They are also known as debt elimination programs. A debt settlement company will negotiate with your creditors for a lower debt amount and lower interest rates and combine these into a program aimed to help you be debt free within a relatively short time frame (often one to two years).

The first step to financial freedom when you are struggling with debt is to research your options and seek professional help. Whether you choose to contact your lender directly about debt consolidation or speak confidentially to a debt counselor, it is important to take action quickly. The longer you leave a chronic debt situation the worse it will get and the more stressed and under pressure you will get. Make a decision to be free of debt no matter what it takes. If that means being a little embarrassed that other people know your circumstances, well it’s a small price to pay to get your life back.

By: Robin Boddy

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