Friday, March 06, 2009

What you should spend your money on in these tough times

NVDL: I'd challenge the content here, and include paying extra on healthy food (fruits and vegetables) and less on processed food (usually found in boxes). You'll save in the long run.
clipped from finance.yahoo.com

During these tough economic times, more families need to scrimp and save. But cutting back everywhere isn't always the best course.

You and your family have to eat, house yourselves and stay healthy. Once you've taken care of the essentials, experts say there are additional areas that require real investment, whether you are spending time or money. Here are six places where it pays to lay out more money, not less:

1. Pay for Expert Advice

"One of the things that troubles me is that some people gravitate toward free information on the Internet, and if you are making an important decision, it's worth paying some money to get quality expert advice," Tyson said. "But people do it because they are cheap. You get what you pay for."

2. Pay to Bring Down Debt
3. Pay Yourself

"Anything you can sock away is pretty critical, because even though you are strapped, times could get worse, and we each need to prepare for that," George said.

4. Pay for Little Indulgences
6. It Pays to Comparison Shop
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