
Seventy eight percent of families report that they’ve been affected by the economic downturn according to a recent online survey from Disney Family.com. As economic uncertainty continues, parents remain cautious, with forty eight percent reporting they are concerned about job security and the current job market, up from the thirty-six percent in 2008.
Further survey findings include:
• 72% of respondents reported reducing or eliminating eating out altogether
• 78% of respondents reported changing their grocery shopping habits by leveraging advertised sales, clipping coupons, and buying generic brands
• 74% of respondents said they are only purchasing essential items and will be making little to no impulse purchases this holiday season
• 59% have eliminated or changed vacation plans for a cheaper alternative
To aid parents with the financial concerns during the economic crisis, Disney Family.com has added valuable information to the finance resource (www.family.com/finance), which includes content such as tips to making a marriage last through money concerns and advice and tips from Laura Rowley, journalist, finance expert and author of the book “Money and Happiness”.
Key features on the Disney Family.com finance resource include:
• Money Savvy Meals – including 15 recipes under $1.50 per serving
• Tips on Creating a Family Budget
• Guidelines on How to Deal with the Changing Rules of Credit Cards
• New Ideas on College Savings and Expenses
• Nest Egg Sweepstakes – a chance to win $5,000 to go towards your nest egg
In the accompanying video, Laura Rowley shares smart money management tips for families, especially in regards to the changing rules of credit cards.
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