CBN.com - With gas and food prices sky high, many Americans are in survival mode -- looking for ways to trim the budget. CBN News explored what families are doing to cut back during these trying economic times.
America Gets a Brutal Reality Check
It seems everywhere we turn, we're reminded of economic obstacles. There's the rising cost of food.
"Our grocery bill has gone up about $100 a month," one woman told CBN News.
Americans are also facing record high gas prices -- averaging around four dollars a gallon.
"Gas prices are outrageous," one consumer commented.
"I can't afford this," said another. "Metro's looking good!"
It's no wonder that 60 percent of Americans now say gas prices are causing them "hard to severe" economic hardship.
As use of the Internet continues to expand, more banks and thrifts are using the Web to offer products and services or otherwise enhance communications with consumers. |
Ages and Stages of Money Management: A To-Do List
To successfully reach your financial goals, a lot depends on what you do and when. Here are just a few ideas young adults can consider at key stages of their life.
You're in High School
Consider earning money outside of your home, whether it's babysitting, lawn mowing, or working in a movie theater or another "real" business. A job can provide a sense of accomplishment and responsibility. It also can be a good opportunity to learn about careers and to "network" with professionals.
Learn the concept of "paying yourself first" - that is, automatically putting some money into savings or investments before you're tempted to spend it. Start small if you have to and gradually build up.