Many are losing their jobs from the downsizing of many businesses that have been hit by the subprime fallout. For many, it is job-hunting time or a time to consider a career change.
If you still have your job and your employer appears to be having problems meeting the payroll, start looking for a job, but do not resign. If you resign, you don’t get unemployment benefits.
Darlene McDaniel at Interview Chatter has excellent advice for job-hunting and job-interviews.

Look up the old school tie network. They may have a job for you or a good referral. …read more

Many are losing their jobs from the downsizing of many businesses that have been hit by the subprime fallout. For those who have been lucky enough to keep their jobs, there will be hard times ahead. There will be no wage increases in the face of the costs of basic necessities going up.
Whether you still have a job or will be looking for a job, you will need spending money to shore up your salary against rising prices or for job-hunting expenses, what can you do?
Go up to your attic, look into your garage, peek into you old …read more

Some relief can be obtained from the recently passed stimulus bill. Before the end of the first semester of this year, people will be receiving the windfall from the recently passed “stimulus” bill:
individuals = $600
couples = $1200, $300 additional for each child.

This can be part of a source for shoring up personal / household finances. One use of this windfall which can serve as an umbrella against subprime fallout would be to pay down as much debt as it cover (i.e., credit cards & mortgages).
Image from Microsoft Clipart