So the globe is going into financial crisis. Where is all the money going? It doesn't just dissapear? Anyways how is it affecting your life? Are you spending less? Have you been let go from a job? Did you favorite clothing store close (causing you to spend less money)?
Aside from the multiple layoffs I've witnessed at work, the financial crisis really haven't "directly" affected me. The gas prices has even gone down.
i slowwed down my spending before the financial crisis so it isn't that bad for me...but the silver lining to this is that gas prices are dropping and that is good
The main way it's influenced me and my family is the drop in share prices. It's down, down and going down [still]. So the superfunds have taken a battering, especially for those who areo about to retire.. Mortgage wise its fine, but the drop in oil pices overseas has not been passed onto the consumers here.. so yeah. But the credit crisis has also seen increase prices of goods and services, so food has defeintely gone up, which is kind of expected as there's less money available for businesses. Jobs cuts, my mum told me that her bank is flying in Indian IT guys instead to cut costs, and laying off contractors.
i still spend n spend n spend my ass off :(... i dont really notice anything of the crisis although when i had to pay some bills in EUROS it was quite a shocker since the AUD is worth so much less than before! Also at work i can really feel its getting tighter... no more external employee events, no Q3 event...
lol the truth is... there's actually more money out there NOW, than there was from say last year... between bailout plans and cash infusion into the banks from 6months ago... Banks are floating in money... the banks that have closed are idiots who made loans to people who couldn't pay, now banks are scared to actually LOAN money to people and that's what they mean by frozen credit... sooooooo what the world banks, headed by the US, have done this week was lower the interest rate by .5%... HUGE cut... and basically making money even more cheaper to buy... sooooooo if u wanna buy a car and u have the money... its not a bad idea to do it now...
ABSOLUTELY .. whether you're comfortable now or whatever, spending less is good cuz you just never know what will happen. Having some savings put away just in case of emergency. With unemployment climbing up slowly, one can assume that the crime rate will climb up as well; hence, keep in mind not to go around with a sign on your forehead asking people to "rob me" by driving a BMW or flashing that blink blink ...lol
I'm trying to spend less, but old habits die hard. But the ironic thing is, the more people are fearful and spend less, the deeper the recession will be,
lol...no more spendin... and really dun have that much time anymore cuz...need to concentrate in skool...damn...........
sighhhh.....my mom is freakin out...her boss keeps cutting her hours cause the company is losing a lot of money... so idk,,,i try to save money as much as possible... but the gas isn't dropping THAT much...
parents usually dont tell the kids that they are financal trouble,,,you doing good if you realise that and try to help out , There will be inflation in the us though.-smart
any inflation in the US means double, maybe triple the inflation in the rest of the world... minus Japan atm -.-; gas prices are dropping like flies where i live... $.05 a gallon every 3 days or so the last 2weeks... it's dropped by ~$1.25 a gallon for me since the high during the summer
the us dollar went up versus the Canadian. Think they are trying to drive the economy to have people invest in them. Gas prices have went down as well, interest rates. The government is trying hard to create stablization. Only thing is jobs. US lost alot of jobs in September. and now there are alot of cheap labor in Mexico running across the border. -lol
^the US Dollar went UP against every currency minus the Yen -.-; and i remember some people were laffing at me bout 6months ago when i said invest in the dollar...
