The Global Financial Crisis

The global financial crisis has shaken up many countries and some are still even trying to recover. And it has affected many homeowners as they are forced to relocate to areas with affordable mortgage while the prices of household commodities continue to go up. So living in a big or extended family is sometimes challenging for you have to find ways how to balance your finances with the growing monthly expenses.

In fact, many are now living from paycheck to paycheck because utility bills have increased as well especially in this cold winter season and the holiday is around the corner. And even how tight the budget may be yet people are still looking and buying gifts for their loved ones but I’m sure they are cutting some of their expenses just to accommodate their daily needs. Some just don’t have any choice at all but to foreclose their houses as mortgages increase and service rise. For sure many can relate in this situation and even the well-off families are affected and feeling the pressure as well.

Image from wikimedia commons.

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