The economy is down. Unemployment is up. Foreclosures on home mortgages are rising. Sales are down. Your employer is starting to cut back. It is tough, and it may get tougher.

But you can do this. You have done this before. You have met so many other challenges, and you have been successful. It is just tough now. Something that you can over come. It is always a learning process. Living near the edge in term of your finances may work much of the time, but having some backup, some "rainy day" funds may still be needed to cover when it turns for the worst.

You are resourceful. You can find a way through these tough times. You can learn from it. You can come out stronger and better able to meet these challenges. Trust in yourself.

Dr. Don
Economist
Magna Sententia Mirror Contributor