Jimmy Lou, Incorporated

Don’t lose your head when the frenzied, frantic fear starts to creep in. We’re in this thing together, so we will be here to help you through it; however, before we can start to help you get back on track, you need to do a little ground work on your own. Let’s start with some basics. Your entire financial picture can be broken down into three categories. Money you’ve got coming in. Money you’ve got going out. Money you’ve got saved away for a later use.

1. ON MONEY COMING IN: If you have a job… don’t lose it. (If you don’t have a job… get one.)
2. ON MONEY GOING OUT: Spend less than you have coming in, and don’t forget to pay  yourself first. (If you are awash in debt, and don’t know what to do, start here.)
3. ON MONEY SAVED: Hold on to what you’ve got with both hands. (If you don’t have any, then see #1, above… and call us to get some.)

Those are the basics, as painful as they might appear.

It appears as if we are in for another economic downturn. We have grown so accustomed to sterile terms describing hardships that we can’t even find the right words to describe situations in which we find ourselves. We hear terms like “financial crisis”, “double-dip recession”, “credit crunch” and “economic downturn” on a daily basis. Although the terminology can seem to be remote and academic, the actuality is that the problems associated with these new buzz phrases are very close, indeed. Let’s dispense with all of the high fallutin’ terminology and call our predicament what it is… plain old hard times. Sometimes, when we get a label on something that fits, it is a whole heckofalot easier to get past the terminology… and get on with the problem solving.

We have done some remodeling. If you will take a look at the sidebar (to the right), you will notice a new feature. This “Mortgage and Loan Calculator” can help you as you make the most important of financial decisions. We hope that you find utility in this service, and ask that you contact us with any recommendations on how we might better serve you.