All cash
October 24, 2008 | alternatives, industry, personal finance | Comments (0)We loved this story about people going to an “all cash” lifestyle during the economic downturn:
Kate lost her home to foreclosure, has credit debt judgments against her and faces wage garnishment by credit card companies. In response, she has closed her bank accounts and bought a safe. She plans to live an all-cash lifestyle that will make it harder for credit card and other lenders to go after her assets.
It’s ugly out there. The Payday Pundit plans to stay in the fetal position for the economic downturn, only taking breaks to blog.
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