Here’s an interesting way to present some golden rules to help the general public deal with the current recession. It’s a great post today that lists the 10 Commandments of Personal Finance. Here’s a summary:

• Though Shalt Take Action
• Though Shalt Pay Off All Credit Card Debt
• Thou Shalt Understand the Difference Between Wants and Needs
• Thou Shalt Live on Less Than You Earn
• Thou Shalt Pay Yourself First
• Thou Shalt Set Financial Goals
• Thou Shalt Educate Yourself and Be Responsible for Your Decisions
• Thou Shalt Save and Invest
• Thou Shalt Protect Your Finances
• Thou Shalt Donate to Worthy Causes and Those Less Fortunate

Some of these are down to common sense, but it’s amazing how many people aren’t aware of the fundamentals. I have a friend who’s an expert at keeping himself and his family healthy (he can talk about healthy grilling for hours), but really doesn’t have an idea how to manage his finance. I bookmarked the post to send to him because it’s versed in a way he might understand.

So pop down to The Abundant Alliance Blog and read the detail.