Using the Web to Weather Tough Times: During the Last 20 Years in the U.S., Increased Worker Productivity and Easy Credit Have Meant That Many People Felt Prosperous in Spite of Stagnant Wages. We Bought Real Estate, Big Cars, and Luxury Goods That Were Made Affordable by the Dynamics of the Global Economy

By McDermott, Irene E. | Searcher, July-August 2008 | Go to article overview

Using the Web to Weather Tough Times: During the Last 20 Years in the U.S., Increased Worker Productivity and Easy Credit Have Meant That Many People Felt Prosperous in Spite of Stagnant Wages. We Bought Real Estate, Big Cars, and Luxury Goods That Were Made Affordable by the Dynamics of the Global Economy


McDermott, Irene E., Searcher


Those halcyon days have abruptly ended. Essentials such as housing and health insurance have grown unaffordable even for middle class workers. Energy and food prices have suddenly skyrocketed. Many people have built up considerable debt. What to do? For consumers who live by their wages and not their capital gains, it's time to scrutinize budgets and cut down on discretionary spending and debt. After a generation of feeling as if we could buy whatever struck our fancy, that will be hard to do. Yet, we have allies in these web resources.

Blogs and Newsletters

Lots of folks are writing on the web about how to wrestle with personal finances. Turn to these blogs and newsletters for advice about how to invest, save money, and eliminate debt.

The Simple Dollar

http://www.thesimpledollar.com

Trent Hamm bounced back from a financial meltdown in his late 20s by examining all his expenses and reducing frivolous spending. Read his "31 Days to Fix Your Finances" [http://www.thesimpledol lar.com/2007/01/01/31-days-to-fix-your-finances] and "The One Hour Project" [http://www.thesimpledollar.com/the-one-hourproject], which offers 30 small projects to improve one's fiscal health.

Get Rich Slowly

http://www.getrichslowly.org

In 2004, Portland, Ore.'s J. D. Roth had $35,000 of consumer debt. Follow his blog for tips to do as he did: Eliminate debt and establish a positive cash flow.

[ILLUSTRATION OMITTED]

Debt Proof Living

http://www.cheapskatemonthly.com

Finance coach and syndicated newspaper columnist Mary Hunt offers tips for wisely managing household finances.

Prosperity Place

http://prosperityplace.com/newsletter.php

Get personal finance advice with a New Mexico twist! Joan Slotkin mixes "Emotional Freedom Techniques" [http://prosper ityplace.com/eft/index.html] with a dose of Hopi spiritualism to help readers of her newsletter reframe their thinking and improve their "relationship with money."

Budget

All the financial blogs insist that the first step in managing our finances is to create a budget, so we can get a clear picture of our situation.

Budgeting--An Easier, Smarter Way: Prime Time Money http://ptmoney.com/2008/02/18/budgeting-an-easier-smarter-way

Texan "PT" shares his secret for making a workable budget that can help one live within one's means. He breaks down his expenses into three categories. First, he establishes the value of income and expenses that don't change from month to month, such as paychecks and mortgage payments. Then, he examines expenses that need elimination, especially those that cause him to spend more than he makes. Finally, he makes a list of "controllable" costs, for clothing and other family expenses, which need monitoring.

ExpenseView

http://www.expenseview.com

Keep track of your balance with this simple free online application. You can also add ExpenseView to a Google page as a "gadget."

Mint.com

http://www.mint.com

Sign up to track your fiscal health on this free, web-based, personal finance manager. After users enter information about their credit card and banking accounts, Mint.com will analyze spending and offer savings ideas. The site seems secure, as it is backed by VeriSign and the TRUSTe Privacy Seal Program [http://www.truste.org]. On the down side, Mint.com only offers links to national level cards and banks. I couldn't get it to pull in info from my credit union, for example.

The Beehive: Budgeting

http://www.thebeehive.org

The One Economy Corp. aims to improve the lives of lower income families using the internet and offers budgeting tools in both English and Spanish.

Expensr

https://www.expensr.com/app.php

Here is a Web 2.0 online budgeting application that allows users to share their savings goals with others. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Using the Web to Weather Tough Times: During the Last 20 Years in the U.S., Increased Worker Productivity and Easy Credit Have Meant That Many People Felt Prosperous in Spite of Stagnant Wages. We Bought Real Estate, Big Cars, and Luxury Goods That Were Made Affordable by the Dynamics of the Global Economy
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.