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Article: BEATING THE SQUEEZE; People are more frugal these days as they try to survive credit crunch.(News)
- Article from:
- Daily Record (Glasgow, Scotland)
- Article date:
- August 12, 2009
CopyrightCOPYRIGHT 2009 Scottish Daily Record & Sunday. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Samantha Booth
IT is two years since a bank in Paris signalled the arrival of the credit crisis in Europe.
France's biggest bank, BNP Paribas, suspended three asset-backed securities funds in a move that sent global stocks down.
The move was the first sign of America's sub-prime mortgage crisis spreading to Europe.
In the two years since, the credit crisis has grown into a full blown recession.
With less disposable cash people are adopting cannier spending habits and revisiting some of the old-fashioned methods of keeping ...