The Unemployment Rate Hits 9.8%, with 15.1 Million Out of Work Offers Strategies for Saving Money

Irvine, CA (PRWEB) December 11, 2010

Personal finance blog tackles saving money and building wealth in the midst of economic uncertainty in its recent post at

The recent spike in the unemployment rate caught many economists by surprise, leaving the nation anxious and providing much ammunition for political wrangling over unemployment benefits and tax cuts.

The Washington Post commented on this issue saying that “Democratic lawmakers have been working to extend unemployment insurance into 2011, but Republicans are demanding spending cuts to offset costs. Without congressional approval, unemployment benefits will run out for 2 million people in December, and several million more will lose them in the coming months.”

Some news outlets have noted that this “game of chicken” is foolish as it puts the financial health of the average American family at risk. For many families, this uncertainty has made saving money and shoring up personal finances more urgent than ever.

Personal finance blog addressed these concerns in a recent post entitled 18 Simple Pointers to Lasting Wealth by encouraging readers to make a top priority of spending less than they earn. “If you are spending more than you are earning, you must either start earning more or spending less,” says Ning on his blog.

Of course, this important principle can be challenging to implement–especially in light of a 9.8% unemployment rate. This is why focuses much of its content on helping people consider new and creative ways to limit their expenses and maximize their savings.

Since its launch in 2007, has made a priority of helping individuals and their families develop the habit of spending less than they earn. The “live below your means” message resonates with’s more than 300,000 monthly readers, making the money-related blog one of the most popular financial blogs on the Internet.

David Ning, founder of, knows firsthand how difficult it can be to make ends meet on limited means. He launched in 2007 to help others understand how saving money on daily expenses can, over time, build wealth and financial security.

Subscribers of receive a copy of David Ning’s eBook How to Save Money on Everything. They also receive a weekly newsletter and are given access to a mini course on frugal living. Go to to subscribe.

Visit to read 18 Simple Pointers to Lasting Wealth in full. Or for more tips on saving money, go to

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