How to avoid the Financial Crisis

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The main topic is about the Financial Crisis. People becoming homeless... banks becoming bankrupt...people owing debt... So I've decided to write a post about some of my ways to avoid another Financial Crisis.

How we can avoid a Financial Crisis:

1. The government could influence more people to work for them. Doing jobs which could not also help avoid the financial crisis, but also help the envoionment. (Binmen, Doctors, etc.)

2. People should look out for other people if they're over-spending or wasting money. (You could waste money with betting or buying things you don't need, e.g. super expensive games.)

3. Banks should be smarter in checking that people who they loan to would definiteley be able to pay them back that monthly or yearly fee they were assigned to.

4. Family and friends could help each other by giving out small amounts of money if someone's in need. You might not even need to be repayed as you'd give out of kindness

5. People need to be able to spread knowledge by telling people points like these so that more people know what to do if in need or someone they know is in need. Or so that possibly the government might happen to hear these things so they hire more people etc.

These are a few points I thought of and I'd be happy to hear what other ways people can avoid a Financial Crisis in the comments below!

Comments (12)

  • Olivia-Avatar.jpg Olivia @ the BNC
    1 week ago

    Well done for giving original ideas here, you have shown great curiosity, especially in weeks one and two of the new Issue!

    I'm going to set everyone a challenge. Can you show one of the BNC skills and be sceptical about these suggestions? But it's important to be sceptical about suggestions you hear. If you are sceptical it means you challenge something or ask for more evidence of information - you don't just accept that something is true. This isn't to say it isn't a good post, because it is!

    For example, I'm sceptical that family and friends could stop another financial crisis, because I think the banking system overall has much more power and responsibility than individual people.

    What do you think? It would also be great to hear some counter-arguments to the challenges too!

    Reply to this comment
  • St-Gregorys-logo-250x250.jpg entertaining_tangerine
    St Gregory's Catholic Primary School A1 week ago

    Energetic conversation your first way to prevent a final crisis is making me think again if more people are going to get importanter job more qualifications but the GCSE s are getting harder and pupils are trying harder . Not every one can certainly succeed.

    Reply to this comment
  • Bruche-logo-250x250.jpg cheerful_river
    Bruche Primary School1 week ago

    Children don’t need pocket money and buying things not needed exetra

    Reply to this comment
  • St-Josephs-Northfleet-logo-250x250.jpg energetic_conversation
    St Joseph's Catholic Primary School, Northfleet1 week ago in reply to entertaining_tangerine's comment

    For some jobs the government pay you for you don't need to be smart to do them... e.g. binmen.

    Reply to this comment
  • Boutcher-logo-250x250.jpg cherished_coconut
    Boutcher C of E Primary School6 days ago

    I think you are absolutely right, this could help people with financial crisis

    Reply to this comment
  • St-Josephs-Northfleet-logo-250x250.jpg crafty_panda_bear
    St Joseph's Catholic Primary School, Northfleet6 days ago

    I think you are totally right this could help avoid the financial crisis a lot but do you have any back up plans just in case these amazing solutions you've mentioned don't work?

    Reply to this comment
  • Ormiston-Bushfield-logo-250x250.jpg trusting_politics
    Ormiston Bushfield Academy6 days ago

    I completely agree with you however I would like to mention and add a few things. To start with on your first comment you mentioned that the government should try to influence more people to come and work for them. If they where to do this then there could be some problems as some jobs like working in a shop would not be filled and there might not be enough positions for people to fill so they might end up jobless which would not be very good.

    Also on your second point you mentioned that people should watch out for over spending. I completely agree with this because lots of people overspend and lots of people do not even realise and then get a bill just getting bigger and bigger.

    For your fourth point you explained that family and friends could help people by giving small amounts of money for those in need. This could cause problems as those in need might be living off small bouts of kindness and not doing enough to help themselves and you might have worked really hard for that money. I think that it was a great idea but I am not overly sure that it would work.

    I completely agree with your 5th point. I think the main thing that the government could do along side banks is to spread awareness about the financial crisis because most people have never heard of it and those that have might not fully understand it.

    Reply to this comment
  • Olivia-Avatar.jpg Olivia @ the BNC
    6 days ago in reply to trusting_politics's comment

    An excellent response which shows great scepticism, where you have challenged the other BNC member and given reasons why!

    Reply to this comment
  • Ravenscroft-logo-250x250.jpg strong_river
    Ravenscroft Primary School6 days ago

    I think you can avoid this by giving your money to the bank and by not being greedy when the bank gives you money because the bank could and can go bankrupt.

    Reply to this comment
  • Streatham-Wells-logo-250x250.jpg communicative_outcome
    Streatham Wells Primary School5 days ago

    how you can avoid it again is the banks don't give u to much money and the people who are borrowing the money don't ask for a lot

    Reply to this comment
  • Bruche-logo-250x250.jpg lucky_ostrich
    Bruche Primary School2 days ago

    Very good reasons on how to avoid it. It’s way better then one of my posts.

    Reply to this comment
  • Notley-Green-logo-250x250.jpg thoughtful_dove
    Notley Green Primary School1 day ago

    Thank you I completely understand it now.

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