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Of course we are already about a quarter ways through 2009, and things aren’t looking the best financially. I’m sure man people made these predictions before me, and I’m probably a bit late to be writing about this. Nonetheless, I am going to give some predictions of things to happen in 2009, or things already happening and that will continue for the time being. Once again, I realize we are already into 2009, but it is never too late! This article might just help you come up with solutions to avoid falling in a financial trap. Think of this as a map for the rest of your 2009 year. I will also try to outline some changes you will notice in society, which you may have already noticed within the past three months.

It will not be hard to tell when someone is in a financial crisis. You may be used to reading about financial problems on the news and such, but it could not very well hit you. Not to say you’re going to be on the news, but you are at a much higher risk for financial troubles. If it is not you, it may be a friend, or a close family member. Either way, chances are you will know someone who is struggling financially. Furthermore, do not be surprised if someone approaches you to help them financially.

As well all know, the most likely people to ask you for financial help are either family or friends. We all also all know how hard it is to say “no” to a family member or friend. A good idea would be to have some sort of plan of what you are willing to do to help. If you have a plan, things will definitely work out better. I have seen many people with no plan at all, approached by a close friend asking for financial help. The person, not thinking at the moment, and also with no previous plan, agrees, only to regret their decision later. Once you lend to someone who is close to you, it is usually very hard to get out of it. If you have a layout, this will likely happen. One quick, wrong decision can lead to years of financial misery, so be careful!

Credit card will go “down”. Lenders (including blanks) are in big financial trouble, and are looking to fix or minimize their problems. One method they will use to accomplish this is through lessening the availability of credit and credit cards. It will be much harder to receive credit, and credits on cards will be lowered greatly.

Previously, it has been much easier to receive credit. One can receive credit simply by asking. You should definitely have a set budget, and not let allow yourself to depend on credit.

Business Benefits and Extras = Vamoose. With such an unstable economy, businesses are trying to save money by any means possible (well, within reason). A lot of things you previously enjoyed at your workplace will likely be taken away. Many people are already noticing this in their 401K plans. Aside from this, you may have already noticed that there is much less business related traveling and very little or no bonuses at all. Many business perks are a big part of helping people in their budget, and without them, many people might have to rework their budget.

If you’re financial stable, you will gain. If you have no debt, and are basically financially stable, you will be able to take advantage of the economic crisis. Since people will be spending less, businesses will lower their prices for those who actually open their pockets up.

Have you wanted to buy or do something for a long time, but hesitated because of the financial costs? If so, 2009 is great for you. If you want to go on a vacation, you will notice that the cost will be much less. If you want to have your home renovated, there are companies that will do the job for much less than regular. If you have been saving up for a long time, and have money to spend, 2009 might be the best time to spend it. Keep in mind though; this is only for those who are financially stable. Do not go out and go on a vacation if you are barely paying off last months rent.

More room to bargain. As mentioned before, businesses will become much more desperate to make sales in 2009. This allows you to bargain a lot more, while staying within their range. This again proves that 2009 is a great time to buy some of the items or services you have wanted to buy previously, but could not afford (or you did not want to pay that much money). 2009 is the time to get amazing deals!

Many of the small businesses you enjoy will disappear. Businesses of all types are going to have a terribly rough 2009 with none more so than the local establishments. That trendy little shop that you love to browse and the little café with the fantastic desserts have a good chance of becoming casualties of the economy in 2009. If you have a little extra money to splurge, consider frequenting these establishments as it may be one of the last times you can enjoy your favorite store.

Hope these tips have helped. Nothing to extraordinary or complicated, but sometimes the simple things go unnoticed. Be sure to plan your finances for the rest of 2009, as it is going to be a tough one for money!