How the Greek Debt Drama Could Affect You

How the Greek Debt Drama Could Affect You

Expired offer…

I wanted to share another article from Daily Worth, a favorite website of ours.  I really enjoy their daily emails.  I find they get my mid going about things I haven’t heard of or don’t know to much about without being too in depth or too long of an article.  I call them my quick 1+ minute reads.  Let me know if you enjoy these posts.

If you haven’t yet heard of DailyWorth. It is a community of women who talk money. They deliver practical tips, empowering ideas, and the occasional kick in the pants…daily to your inbox.

How the Greek Debt Drama Could Affect You

by MP Dunleavey, Editor-in-Chief of Daily Worth

My husband and I were thinking of selling our house this summer, despite the crummy market. But when we asked our realtor if we had a prayer, she said: “It depends on what happens in Europe.”

Europe?

Yep. You might not be caught up on the fact that Spain got a $126 billion bailout last week—or that Greece may stay in the eurozone after all, thanks to yesterday’s elections.

But you should know that when the mierda hits the fan over there, it spreads farther than you might think—influencing your refi, your college plans, your 401k.

Why? In a word: Uncertainty.

The U.S. has loaned billions to European countries. A few (including Spain, Greece, and Italy) are so heavily in debt to us and other countries that it’s unclear how they’ll recover.

This is a very complex issue (duh). But basically: there’s so much global instability right now, banks and markets here are likewise fraught with uncertainty.

So my husband and I are taking the long view—not selling this year, but maybe next. All you can really do is stay calm and alert—and keep the conversation going, so you’re always clued in.

Any affiliate posts are always at no additional cost to you. When you use the links at MWLT, sometimes I earn a small referral commission and this helps to cover the costs of my blog and keep this resource free. Thank you for being part of my community of SMART shoppers who LOVE to SAVE money!

Sharing what you find useful with friends and family helps this community to grow. The sharing buttons below make it EASY! Here they are in order: post it to Facebook, post it to Twitter, add it to LinkedIn, post it to Google PLUS, post it to StumbeUpon, send it by email, or print it out.