It's time to make adjustments to your daily spending.
Alan Greenspan, the former Federal Reserve chairman, said last weekend on ABC This Week that this is the worst economy he has ever seen and the decline "still has a way to go." Things will get worse before they get better, so make adjustments to your finances.
When it comes to saving money and getting your personal finances in order, it's often little changes that can add up to big savings. (However, you can also save a lot of money quickly the hard way.
Here are some simple daily changes that you can make right now:
Get up an hour earlier
Many costs you incur on a daily basis stem from disorganization. If you are rushing out the door, you're going to end up forgetting something that will cost you. Rising earlier in the morning will mean you have enough time to do everything that needs to be done properly.
Once you get up in the morning, you head to the bathroom to get ready for the day. You likely use a lot of health-care products such as toothpaste, mouthwash, soap, shampoo, conditioner and deodorant, to name just a few. Chances are you use a lot more than you really need to. Commercials encourage consumption because companies make more money if you buy another bottle, tube or container of their product. Try using half (or less) and find the least amount that still gets the job done. If you pay half as much for all your products, you will save several hundred dollars a year at a minimum.