Living Rural

After posting last night (very early this morning) and putting our economy “to bed”, I awoke at 11 am to hear Congress did NOT pass the President’s Bill. I guess, we are back to square one. And is it a chess move? I was not happy about the bail-out, but I did think the President and his advisers were honestly trying to do the “right thing” for all concerned. I, also, thought that Congress was in agreement with the proposed plan yesterday … what happened? Did the Speaker of the House out fox everyone? And why? Could the party politics not be put aside for the good of America? Apparently not. Could this be one of the reasons we find ourselves where we are tonight? Politics, interest me, but at times are past my understanding … remember, small town Country Gal writing this post. 

On the way home, later today, what is being discussed on NPR? My bank, Wachovia, has been bought by Citigroup, Inc.! What next? Then I read how  Charlotte, NC - home of Wachovia reacts to news … After following the link and reading the article did you wonder, as I did, was the corporate office in denial or suffering from a big case of stupid? Wachovia, forgive me, it is my anger over once again getting to know yet another “hometown bank” while wondering - do I stay or do I go?

What will be in the news tomorrow? Congress works out differences and moves forward … Wall Street rallies … Palin is given a chance to let viewers form an opinion of her “worthiness” as a candidate - after the debate on Thursday … guess the morning news will not be dull. Goodnight all.

Remember, “Y’all come back, ya’ hear!” 

Because our economy is the talk EVERYWHERE consider these tips:

1. Banks are insured up to one hundred thousand dollars per account. If you have more than that amount in a single account … move your money around with no more than the insured amount in each account. Also, using more than one bank (BB&T, Wachovia, NBSC, etc.) is a good idea.
2. US Treasury Bills or Bonds are insured and safe … no interest, but SAFE. Seriously, consider this option.
3. Now is the time to go over your portfolio with your banker, accountant, estate planner - get the best advice from each … for your needs NOW and the FUTURE.
4. Do Not Panic. Do Not React. Do Not Act Without Advice.
5. Stop living on “credit.” If you cannot pay cash, you do not need it!
6. If you have outstanding bills, pay twice the minimum amount each month.
7. If you do not have your “safety net” set aside, BEGIN now to get three to six months of living expenses in an account with immediate access.

This is a frightening time … remain calm … concentrate on family, friends, church, work, and helping someone in need outside of your normal contacts. Remember our leaders, our country, our families (both immediate and church) in prayer.

In the meantime look around and be thankful for all God has given us. Autumn is such a beautiful time of year, get out and enjoy the changing colors, the cooler weather and FOOTBALL!

Also, remember we are all in this together. Americans will persevere and solve our countries financial woes. Have faith.

For additional information go to Reuters

Remember, “Y’all come back, ya’ hear!”