Unless you’ve been living under a rock filled with a bunch of money, you’re probably aware that America is in a financial crisis. Collapsing banks and plunging stocks have been a staple of news headlines for the past few months, and fixing the economy has been a key issue in the recent presidential debates. This has left most of us wondering why this happened and what we should do now?
You’re in luck, because I’ve put together this list of 25 resources that help explain the causes of the current financial crisis, examine the effects of the flailing economy, and offer advice on how to make it through these tough times.
Causes of the Financial Crisis
While Sarah Palin may argue that the cause of something, like global warming, “kinda doesn’t matter“, I think most of us would agree that knowing the cause of a problem is the most important step to finding a solution for it. The following articles do a great job of explaining the causes of the current financial crisis in a way that even your grandma would understand.
- 10 Links To Walk You Through Today’s Financial Crisis
- What Caused The Financial Crisis of 2008?
- The 2008 Financial Crisis – Causes and Effects
- Root cause of the financial crisis
- 14 Causes of the Credit Crisis: A Recipe For Disaster
Personal Opinions on the Financial Crisis
When things go bad, it’s natural to get mad, angry, and upset, especially if you feel like you did nothing wrong. People who live within their means may feel like they’re paying for other people’s greed, mistakes, stupidity, excesses, etc., and that’s never good. Others feel excited because stocks are basically on sale right now. We all react to situations differently, so see if you agree with these thoughts and opinions on the financial crisis.
- My Thoughts on Credit or, this economy
- Current Market Conditions: My Thoughts… And Yours?
- Financial Crisis In The Media: Is The Economic Crisis Overhyped?
- What Is A Twenty Something To Do With This Financial Mess?
- Thoughts on the Financial Crisis from an Actual Economist
Tips for Making It Through The Financial Crisis
As more of us start to realize that we’ve spent more money than we can afford, it’s time to start taking action. With the staggering economy, frugality is making a comeback. It’s all about making the most of what you do have, not spending what you don’t have, and here are a bunch of great tips on how to do it.
- 10 Frugal Steps To Help You Survive A Tough Economy
- 7 Things You Shouldn’t Do In An Economic Crisis
- Dominate Economic Fear With Frugality
- Living In A Down Economy – Determining Your Bare Bones Budget
- 10 Aggressive Tactics to Turn the Tables on Credit Card Companies
The Stock Market
The stock market is way down, and we can only guess how much lower it will go and when it will finally bottom out. Some people are pulling their money out while others are putting more money in. What should you be doing? I recommend checking out these great articles and then deciding for yourself.
- Recovering From a Stock Market Decline
- How Money Professionals are Reacting to the Stock Market Within Their Own Portfolios
- Investing in a Bear Market
- Friends Don’t Let Friends Bail Out of the Market
- Where To Invest Outside the Stock Market
Retirement Funds
If you have a 401(k) or Roth IRA, chances are your account is down a lot this year. People tend to freak out when they start losing money, and a natural reaction is to withdraw from the situation. However, that’s not always the best solution. Find out why you should continue contributing to your retirement accounts in the midst of this financial mess.
- Your 401k losing money? Here’s what to do
- My 401k Is Losing Money. What Should I Do?
- Our 401K and IRAs Are Losing Money – Do We Throw Good Money After Bad?
- Keep Investing In Your 401k Plan
- Changing Your 401(k) in a Treacherous Market
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Excellent resource!
Looks like you put a lot of work into compiling this one. Thanks a lot buddy!
If there’s such a thing as blog karma (I can’t believe I really just used that term), you are top-notch, rise-to-the-stars, the nicest blogger there is. Thanks for the great round-up and for including even this too-busy-to-write-much blogger.
Wow, great collection of articles. Thanks for including me!
Wow! That’s a great collection. Thanks for the inclusion and I wish you the best of luck with Broke Grad Student!
I’m actually working with Ramit from iwillteachyoutoberich.com, and he pointed me to this post.
We wanted to hook you up with something cool as a thanks – six free chapters from his new book. Email me at andrewlynch88@gmail.com and I’ll send you the link where you can sign up for it in a few seconds.
Thanks,
Andy