Times
are tough. This is an undeniable fact that everyone in the world knows. Unless
your family already has millions of pounds in the bank, you are affected by the
global recession. The global economy has
been bad for a long time. The standard prices of basic commodities have
drastically multiplied over the years. On the other hand, the average household
income has stayed almost at a constant throughout the years.
This
phenomenon creates a substantial financial deficit for families. Households
have to make many adjustments just for their budget to tide them over before
the next payday. There are three strategies that a family can employ when they
realize that their current budget is not enough: