Seven Ways Consumers Can Save and Make Money in the Downturn
Personal Finance Expert Farnoosh Torabi Shares Advice From Intuit Town Hall
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Some live paycheck to paycheck. Financial uncertainty is the rule, rather than the exception. And all look for ways to stretch their dollars, while maintaining a positive outlook.
“While being forced to get creative with finances and maybe even finding an entirely new livelihood, people are connecting more with friends, family and their communities.”
Those were some of the stories that emerged Thursday at a series of Intuit Town Hall meetings held at the company’s Mountain View, Calif. headquarters and moderated by personal finance expert and author Farnoosh Torabi.
The 30 participants also shared personal accounts of the recession’s effect on their lives and the steps they are taking to save and make money. With no clear end in sight to the recession, they also received tips and advice from Intuit (Nasdaq:INTU) and Torabi on how to move forward until the inevitable upturn.
“Consumers have been hit hard – losing investments, jobs and even their homes – but our conversations at the Intuit Town Hall revealed there is a silver lining in the downturn,” said Torabi. “While being forced to get creative with finances and maybe even finding an entirely new livelihood, people are connecting more with friends, family and their communities.”
As a result of the Town Hall, Torabi and Intuit recommended seven ways to save money:
“Now more than ever, consumers realize the importance of controlling their finances and understanding exactly how they are spending their money,” said Todd Stanley, vice president and general manager of Quicken for Intuit and Town Hall co-moderator. “The best way for consumers to emerge from the recession even stronger is to take steps to save and make as much money as they can.”
Intuit Inc. (Nasdaq:INTU) is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Our flagship products and services, including QuickBooks®, Quicken® and TurboTax® , simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Our financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
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