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The Watercooler
Are you afraid of the economy on the skids? Are you affected?
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<blockquote data-quote="hearts and roses" data-source="post: 197640" data-attributes="member: 2211"><p><span style="font-family: 'Garamond'"><span style="font-size: 12px"><span style="color: darkslateblue">I'm concerned and watching very closely. My 401k is wrapped up in some of the stuff going on on Wall Street - in particular AIG, but we're not talking a lot of money. I am wondering if it's even worth it for me to continue contributing right now. I am thinking I'd be better off putting the money earmarked for the 401k into a shoe box uner my bed. It might be better off and safer there...it feels like I'm ripping up dollar bills every pay period. Yeesh.</span></span></span></p><p></p><p><span style="font-family: 'Garamond'"><span style="font-size: 12px"><span style="color: darkslateblue">We're cutting corners every where possible, mostly between groceries & gas. I'm having a tag sale and all proceeds will go directly into the oil tank for our home heating. We're down to a 1/4 tank and to fill it will cost nearly $1300! I do not have that money. I shop for only what I need in the house and only stock up on sale items. In fact, I only buy on sale items. I shop at Job Lot/Odd Lot and other discount stores when possible. They are far from our home so only when I'm in their neighborhood do I shop there. Also, giving up meat has saved us a lot in groceries. I do drive about 5 miles out of my way for gas that is nearly .20 cent less per gallon than near my home. I think it's worth is since I have a hybrid. </span></span></span></p><p></p><p><span style="font-family: 'Garamond'"><span style="font-size: 12px"><span style="color: darkslateblue">I feel like my dad, always turning off lights, tvs and stereos. H is bad about leaving the garage light on and easy child is perpetually leaving her bedroom light on along with the tv and even when she's not there!!! We've replaced most of our bulbs with the energy savers, I guess we'll see how that works out. And I refuse to turn on the heat until H has sealed up the house - with the renovations he's doing, there are gaps everywhere and I don't want to waste any heat. </span></span></span></p><p> </p><p><span style="font-family: 'Garamond'"><span style="font-size: 12px"><span style="color: #483d8b">Having grown up with parents from the depression, I am very familiar with 'living on austerity' and 'pulling in the belt' so I know how to be frugal and stretch a dollar. But it is difficult and I just worry overall about the collapse of our country's entire economic infrastructure. We're not wealthy but we get by okay...however, if we had any major emergency, I think we'd really be in a pickle.</span></span></span></p><p></p><p><span style="font-family: 'Garamond'"><span style="font-size: 12px"><span style="color: darkslateblue">Most of my concerns are closer to home, but since those issues are a direct result of the bigger picture, I am keeping an eye on those Wall St issues as well! I work in an industry that is very closely linked with the companies having major issues right now. Yikes. </span></span></span></p></blockquote><p></p>
[QUOTE="hearts and roses, post: 197640, member: 2211"] [FONT=Garamond][SIZE=3][COLOR=darkslateblue]I'm concerned and watching very closely. My 401k is wrapped up in some of the stuff going on on Wall Street - in particular AIG, but we're not talking a lot of money. I am wondering if it's even worth it for me to continue contributing right now. I am thinking I'd be better off putting the money earmarked for the 401k into a shoe box uner my bed. It might be better off and safer there...it feels like I'm ripping up dollar bills every pay period. Yeesh.[/COLOR][/SIZE][/FONT] [FONT=Garamond][SIZE=3][COLOR=darkslateblue]We're cutting corners every where possible, mostly between groceries & gas. I'm having a tag sale and all proceeds will go directly into the oil tank for our home heating. We're down to a 1/4 tank and to fill it will cost nearly $1300! I do not have that money. I shop for only what I need in the house and only stock up on sale items. In fact, I only buy on sale items. I shop at Job Lot/Odd Lot and other discount stores when possible. They are far from our home so only when I'm in their neighborhood do I shop there. Also, giving up meat has saved us a lot in groceries. I do drive about 5 miles out of my way for gas that is nearly .20 cent less per gallon than near my home. I think it's worth is since I have a hybrid. [/COLOR][/SIZE][/FONT] [FONT=Garamond][SIZE=3][COLOR=darkslateblue]I feel like my dad, always turning off lights, tvs and stereos. H is bad about leaving the garage light on and easy child is perpetually leaving her bedroom light on along with the tv and even when she's not there!!! We've replaced most of our bulbs with the energy savers, I guess we'll see how that works out. And I refuse to turn on the heat until H has sealed up the house - with the renovations he's doing, there are gaps everywhere and I don't want to waste any heat. [/COLOR][/SIZE][/FONT] [FONT=Garamond][SIZE=3][COLOR=#483d8b][/COLOR][/SIZE][/FONT] [FONT=Garamond][SIZE=3][COLOR=#483d8b]Having grown up with parents from the depression, I am very familiar with 'living on austerity' and 'pulling in the belt' so I know how to be frugal and stretch a dollar. But it is difficult and I just worry overall about the collapse of our country's entire economic infrastructure. We're not wealthy but we get by okay...however, if we had any major emergency, I think we'd really be in a pickle.[/COLOR][/SIZE][/FONT] [FONT=Garamond][SIZE=3][COLOR=darkslateblue]Most of my concerns are closer to home, but since those issues are a direct result of the bigger picture, I am keeping an eye on those Wall St issues as well! I work in an industry that is very closely linked with the companies having major issues right now. Yikes. [/COLOR][/SIZE][/FONT] [/QUOTE]
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Are you afraid of the economy on the skids? Are you affected?
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