3Qs: Personal finance tips in a down economy

In the wake of Stan­dard & Poor’s recent down­grade of U.S. Trea­sury debt and with unem­ploy­ment rates remaining high, the nation’s trou­bled economy is a con­stant topic of dis­cus­sion. We asked Nicole M. Boyson, the William Conley Fac­ulty Fellow and Pro­fessor of Finance for some tips to sta­bi­lize indi­vid­uals’ per­sonal finances as they ride out the recession.