SoundFinance News

"Helping create freedom for life"
30 April 2009— Issue 4

Good day!

It seems that my new look template has disappeared on me.  Being a non-technical person I have decided to give up on it for the moment!

Thanks to Liz and Rob who offered to help out -- I may still take you up on that!

I know that a lot of people are hurting at the moment and however we like to brighten the dreaded recession up with a smile, some practical steps are needed to help too.  With this in mind I have written an article which can be found on  It is here for you to read as the feature article.

I must be mad!! I've signed up to a challenge to write 100 articles in 100 days and the challenge had already been going for three weeks.  Still, I thought it would get me motivated and into a habit.  They say making a habit of writing gets rid of writer's block.  

Enjoy your week and untill next time...

Best wishes,
Lyn Bell

Winner of the IFA Education Award 2005 (Canterbury Branch)
Interviewed on CTV during 2008
  In This Issue:
  •  Feature Article:  10 Tips on How to Survive a Recession
  •  Review of Recommended Resources
  •  Quote of the Month
  •  Contact the Editor
  •  Your Subscription Info
 1. Feature Article: 10 Tips on How to Survive a Recession

by Lyn Bell

Recessions are part of the economic cycle and have happened many times over the years. The difference is that this time the recession is affecting countries all around the world at the same time and it is on the news all the time. Recovery will happen but right now you want to know how to survive a recession.  

Let's look at a few tips you to help you survive.
  1. If you are in debt find ways to get out as of this situation as quickly as possible. You may need the assistance of a financial professional or budget adviser who can help you with your budget. Think twice about putting anything on credit card, you do not want extra debt.
  2. Make cuts on your daily spending. Do a budget and look at ways you can cut costs. When buying groceries, buy only what is necessary. Switch to a cheaper home brands.
  3. Make sure you have some rainy day money set aside for emergencies.
  4. We all have bills to pay and the most important of these is your mortgage. Always make sure you pay the mortgage as a priority so that you will not be forced to sell.  Speak to your bank if you can see a problem looming.
  5. Take a look at your electricity, gas, mobile phone, insurances and even your bank account. Check to see if you can switch to another provider that offers cheaper rates.
  6. Make lunches at home for you and the kids to take it to work and school. You'll be surprised at just how much this can save you.
  7. Go through the spare room, wardrobes, the garage and attic. Search out any items you no longer use and have a garage sale.
  8. Perhaps you can ask your employer if you can do some of the work at home. This will help you save gas as you don't have to drive to work. Be sure that you are as productive at home as you are in the office. If working from home is not possible, see if you can carpool with someone at the office or use public transport.
  9. Cut down your electricity expenses by switching off the lights when you are not in a room. Switch off electrical items at the wall when not in use.
  10. If you own an SUV or large vehicle, trade it in for a smaller vehicle. You will get better mileage.
There are other ways to survive a re*cession apart from those mentioned. This will probably not be last re*cession you will ever face but remember that economic slowdowns do not last forever. By following these tips and getting advice from a financial planner when needed, you can survive a r*ecession.

 2. Review of Recommended Resources
"Out of the Dark": Software Review

Thanks to Harei for bringing this program to my attention.  It is is a great f*ree program and perfect if you want clarity, ease of use and an understanding of your financial situation.  I gave it 4.9 out of a possible 5. I particularly like the fact that you actually don't need to download anything and you don't share any information with anyone.  You can create another budget for your business or other purpose. There's also a billboard where you can share ideas with other users, if you like.

To Read the full review>>>

 3. Quote of the Month

"Happiness cannot be traveled to, owned, earned, worn or consumed. Happiness is the spiritual experience of living every minute with love, grace and gratitude."

- Denis Waitley

 4. Contact the Editor

Copyright © 2009 by Lyn Bell & Associates - All Rights Reserved.

Editor: Lyn Bell,  Lyn Bell & Associates

P O Box 38094, Parklands, Christchurch 8842, New Zealand
+64 3 3870219

Visit us online at:

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