Recession Tips was formed to provide consumers with tips, tools and advice for living within their means during a recession.
A recession occurs when U.S. Gross Domestic Product declines in two consecutive quarters.
The current recession began in December 2007 and continues to put pressure on consumers.
People are losing their jobs, small business people are experiencing reduced revenue and profits, and many have lost more than 50% of their retirement nest eggs during 2008.
The purpose of Recession Tips is to provide help.
We want to provide tips for saving money, living frugally, developing responsible financial habits and making good decisions during the recession.
It is our hope that by making good financial decisions and practicing responsible financial behavior today, you will be better positioned to take advantage of the economic upswing when it does occur.
Thank you for visiting our site. We look forward to reading your thoughts and comments.
Best regards,
The Recession Tips Team
