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just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

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sunnyplus3
:)

Member since 11/05

8749 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by rojerono

We haven't seen any major impact on our salaries YET... but my husband is an electrician and we are very concerned that come June he will be out of work. It is a scary proposition because overy 400 men in his union are currently out of work - some have been out of work for over a YEAR. So we have to be prepared for the idea that Rob might have to get a temporary job that pays far less than what he gets now... just to SURVIVE.

Many life decisions have been made based partly on the shaky economy and my husband's less than stellar job prospects in the coming year.

For example - we have written off the idea of having a 3rd child, we have decided that we will not be starting any of the home improvement projects we had budgeted out for, we have opted to forgo the travel plans we had for this summer.

Minor things too... we don't eat out or order out with half the frequency that we used to. I don't entertain as often as I had been. I am very conservative with our own foods at home - pasta, chili, tacos and chicken cutlets win out over steak and roasts.

We have been socking away every extra bit of cash to make certain that we will not have too much of a crisis on our hands.

Right now things are fine. We are both working and making a decent living... but the knowledge that everything can turn on a dime has us preparing for the possible consequences before we are stuck.



Chat Icon Chat Icon Chat Icon
Kudos to you for planning, I think that is problem with today's ecnomy-so many people are used to living like rock stars they are not slowing down. Still running up debt & eating out & burying themselves to keep up the show. I have a feeling its going to get really ugly for some people.

Message edited 3/3/2008 8:11:05 AM.

Posted 3/3/08 8:06 AM
 
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headoverheels
s'il vous plaît

Member since 6/07

42079 total posts

Name:
LB

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

DH and i spend a lot less than we used to on "stuff", and we are a lot more conservative when we go grocery shopping. i'm trying to convince him to use mass transit, but the reality is the price of a monthly LIRR ticket is about the same as what we pay for gas each month.

Posted 3/3/08 8:26 AM
 

lvdolphins
My Loves!

Member since 5/05

46292 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Thankfully it really hasn't affected us at all. My DH was extremely lucky to be promoted last year and just recently he got his bonus and raise for this yearChat Icon
I start PT babysitting today. My car will be used a lot less and the double stroller will come in handy, especially this week with the weather forecast.

Posted 3/3/08 8:30 AM
 

CookiePuss
Cake from Outer Space!

Member since 5/05

14021 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Unfortunately both DH and I work in finance. With the market conditions the way they are, there is definately an affect on business.

We are just being a lot more conservative and not buying anything extra right now.

Posted 3/3/08 8:40 AM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by XFINALLYX

lost my job



I lost my job last monday.....Company laid off 35 people....Chat Icon
Scott

Posted 3/3/08 8:41 AM
 

sunnyplus3
:)

Member since 11/05

8749 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by danielleandscott

Posted by XFINALLYX

lost my job



I lost my job last monday.....Company laid off 35 people....Chat Icon
Scott



I'm sorry to hear that Scott, Good luck finding a new job!!

Posted 3/3/08 8:43 AM
 

lvdolphins
My Loves!

Member since 5/05

46292 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by danielleandscott

Posted by XFINALLYX

lost my job



I lost my job last monday.....Company laid off 35 people....Chat Icon
Scott



Chat Icon I am so sorry! Good Luck in finding a new job..Something even bigger and betterChat Icon

Posted 3/3/08 8:44 AM
 

Kissy331
My two miracles!

Member since 5/06

17826 total posts

Name:
Kristen

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by danielleandscott

Posted by XFINALLYX

lost my job



I lost my job last monday.....Company laid off 35 people....Chat Icon
Scott



I am so sorry for both of you Chat Icon

Fortunately for us, nothing has changed. Of course, DH & I have always been conservative in what we spent & try to curb the "unnecessary" spending.

Posted 3/3/08 8:44 AM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Thanks...I am sure it will be better....Anything is better than that place.


Scott

Posted 3/3/08 8:45 AM
 

kahlua716
3 Girls for Me!

Member since 8/07

12475 total posts

Name:
Keri

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by rojerono

We haven't seen any major impact on our salaries YET... but my husband is an electrician and we are very concerned that come June he will be out of work. It is a scary proposition because overy 400 men in his union are currently out of work - some have been out of work for over a YEAR. So we have to be prepared for the idea that Rob might have to get a temporary job that pays far less than what he gets now... just to SURVIVE.




Actually, things are starting to look up a bit (for now) because of the new Tanger going up and many schools do their renovations over the summer...I'm scared about what's going to happen next winter- this winter was rough and I can only imagine that next year will be worse Chat Icon

Posted 3/3/08 8:51 AM
 

Chatham-Chick
*********************

Member since 5/05

10312 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

This economy works in my DH's favor. Retailers feeling the pinch are more likely to look to other vendors for more options, giving my DH more opportunities to do business.

Posted 3/3/08 8:54 AM
 

MsMBV
:P

Member since 5/05

28602 total posts

Name:
Me

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

bad.

Posted 3/3/08 8:55 AM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by Kissy331

Fortunately for us, nothing has changed. Of course, DH & I have always been conservative in what we spent & try to curb the "unnecessary" spending.



Us too.

Posted 3/3/08 8:58 AM
 

Bxgell2
Perfection

Member since 5/05

16438 total posts

Name:
Beth

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

It has actually helped us. Because the real estate market is suffering, housing prices dropped, along with interest rates, and now there is a real market for rental properties. Dh and I finally took the plunge and purchased an investment property that we're going to rent out to students, close to a local University.

Other than that, we haven't really made many adjustments. We never lived extravagently before, so there isn't much we could change anyway.

Posted 3/3/08 9:24 AM
 

melbalalala
Little Lady

Member since 5/07

5015 total posts

Name:
Melissa

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

We are very lucky and are probably somewhat immune to economic shifts. We both have Federal jobs that we can't lose, we only drive on weekends, and live extremely cheaply to begin with.

I guess the biggest impact is the increase in airfare to go visit my family once a month on LI. It's almost doubled Chat Icon We might switch to driving...

Posted 3/3/08 9:28 AM
 

poc53
LIF Infant

Member since 1/06

97 total posts

Name:
E and P

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

I got a promotion and a raise but had nothing to do with the economy. We're good!

Posted 3/3/08 9:34 AM
 

AnotherBFP
LIF Infant

Member since 2/08

239 total posts

Name:
Baby Momma

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by julz33

It hasn't affected us at all. Everything is the same for us.



ditto for us. In fact, DH's business is getting better. This year has already been better than the entire 2007 combined. Chat Icon

Posted 3/3/08 9:36 AM
 

Erica
LIF Adult

Member since 5/05

11767 total posts

Name:

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

the huge gas increase has definitely affected my driving habits!

thankfully/hopefully as long as people want celebrity gossip, DH will be doing fine.

Posted 3/3/08 9:42 AM
 

MrsM-6-7-08
<3

Member since 8/06

4249 total posts

Name:
Nicole

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by AnotherBFP

Posted by julz33

It hasn't affected us at all. Everything is the same for us.



ditto for us. In fact, DH's business is getting better. This year has already been better than the entire 2007 combined. Chat Icon



Same for us, FH's business is doing exceptionally well, every year it has grown tremendously.

I go out to eat alot, and one thing that surprises me, is if the economy is so bad, why are all these people out to eat.

Everywhere i go, there are LONG lines, and reservations only.
I waited 40 minutes yesterday for sunday brunch.

Posted 3/3/08 9:42 AM
 

bicosi
life is a carousel

Member since 7/07

14956 total posts

Name:
M

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by stinkysmom80

Posted by AnotherBFP

Posted by julz33

It hasn't affected us at all. Everything is the same for us.



ditto for us. In fact, DH's business is getting better. This year has already been better than the entire 2007 combined. Chat Icon



Same for us, DH's business is doing exceptionally well, every year it has grown tremendously.




Ditto here too.

Posted 3/3/08 9:44 AM
 

salumunz
Chloe

Member since 1/06

1554 total posts

Name:
Patty

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by PreshusSmurf

For DH & I, it means that we might actually be able to buy a house! With the drop in real estate market & the lower interest rates, it brings prices down to a more affordable level for us. If those two things hadn't changed, it would not be a possibility for us for a long, long, long time ... and we probably would have needed to move out of NY.



Same here. We looked last year and hated everything in our budget. We just started looking again and it's so much more encouraging.

Posted 3/3/08 9:47 AM
 

Sassyz75
Turning a new page

Member since 5/05

9731 total posts

Name:
Dina

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

I got let go December 7th... I was making a pretty good salary. Now i'm working 3 days a week and making way less then I was. On top of it, I am driving from NJ to LI to work the 3 days a week with my dad so half of my salary goes to commutation.
I've been watching our spending and been very very careful with our grocery shopping- making a menu and list and not deviating from it.

Posted 3/3/08 10:07 AM
 

ave1024
I Took The Wrong Road

Member since 12/07

6153 total posts

Name:
That Led To The Wrong Tendencies

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Posted by libby2595

have you changed how you live your daily life?

edited for grammar




The price of oil is starting to annoy me. But overall it hasn't taken a hit on my life yet because we still make way more than we spend.

Posted 3/3/08 10:09 AM
 

betty
My boys

Member since 5/05

4380 total posts

Name:
Beth

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

Nothing has really changed for us. DH's OT has slowed down a lot but that usually happens at the beginning of the year for him.

Posted 3/3/08 10:18 AM
 

-Lisa-
---------------

Member since 5/05

6530 total posts

Name:
Lisa

Re: just wondering... HOW IS THE BAD ECONOMY AFFECTING YOU?

my business has slowed down a bit (appraisals), but I welcome the change now that I have Ella and another on the way. I don't want to work that much anyway Chat Icon

It hasn't affected our daily life or spending habits.

Posted 3/3/08 10:22 AM
 
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