Thursday, May 21, 2009

Great Depression Survival Tips Still Work

KINGSVILLE, Ontario (Wireless Flash - FlashNews) – The strategies used to survive the Great Depression can still come in handy in today’s lousy economy.

According to financial advisor Darlene Gudrie Butts, author of Lessons From The Depression, Eliminating Debt The Old- Fashioned Way (iUniverse), we can learn lots from those who lived through the Great Depression.

Butts says depression-era folks were huge on recycling and repurposing everything, often finding “10 different ways to use a coffee can” if they had to.

They were also keen on swapping things with their neighbors like clothes and tools, to avoid spending cash at all costs.

Butts has adopted that concept in her own household and recently talked her teen daughter into trading formal dresses with her friends so they wouldn’t have to buy brand-new gowns for a dance.

She suggests we get back to the basics like our depression ancestors by tracking all expenses on a ledger, figuring out how to cook dinner on a couple bucks, and eliminating all credit card use.

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