Biz bites

BIZ BITES

Need cash quick? Here are some tips

We've all heard the advice to sock away six to nine months of our income for emergencies. Let's say that's not possible, for whatever reason. Emergency strikes, what do you do? The January issue of consumer reports' money adviser offers there tips:

- Sell stuff. Most people have gadgets, clothes, antiques and sporting equipment that could be sold.

- Ask family. Relatives (usually) want to see you on firm footing. Most will help out as long as you plan to repay it.

- Charge it. Some financial planners say it's wise to have a no-fee credit card to tap in emergencies.

- Home equity. Home equity can be a fine source of emergency financing. Your interest might be tax-deductible.

Financial execs hopeful for 2006

Because 2005 was a bit of a muddled year for the U.S. economy, this year could be more of the same, according to a survey of finance professionals.

About half, 51 percent, said they expect the economy to grow modestly this year. About 47 percent said they expect business conditions to improve in 2006, while 41 percent said they expect the results to be about the same as last year. The survey was conducted by the Association for Financial Professionals, based in Bethesda, Md.

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Contact Business Editor Damon Cline at: (706) 823-3486 or damon.cline@augustachronicle.com.