Dear blogging friend,

If you’re on tap with the current news, there is little doubt that this year would be tough year financially. For people who blog for a living, I guess you would be working doubly hard this year. There are plenty of measure which you can start planning to reduce your cost of living or start thinking of refinancing your loans or increase your online earning.
Here are some of mine approach:

1. Take note of your expenses in the past two years and look into area of expense which you can cut out.
2. Yes, we make some money online but are you investing it correctly? Replicate a few more successful blogs. ( I just setup another blog on home loan )
3. Watch the market. Is there are potential gain in certain market during this downturn? ( tip: look around the blogsphere and you’ll see many new site related to loan)
4. Do not sign up for more credit cards or unless you can compare credit cards benefits like 5 years wavier to annual fee or extra insurance coverage in the event of losing a job
5. Prepare to search out for a list of secured loans companies and ask for a recommendation from your local bank. ( you never when you’ll need it )
6. Payoff all your outstanding bills on your credit cards. This wil give you a clean bill if you need to take up any loan.
7. Continue to add more income streams. Start a small business on eBay or setup new blogs which you can easily monetise.
8. Plan all your exit path in case you got retrenched. Never wait till the last minute.
What about yours? Share it here with the rest of the blog readers.

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