| 7/18/2009 4:18:13 PM |
Since recession started, have you: |
|
richierich84
Albuquerque, NM
age: 23
|
| 1. started saving more? |
| 2. not changed saving habits at all? |
| 3. been saving less? |
This is just a quick inquiry about personal finance trends now (2009).
[Edited 7/18/2009 4:30:05 PM ]
Meet singles at DateHookup.dating, we're 100% free! Join now!
|
| 9/12/2009 11:31:44 PM |
Since recession started, have you: |
|
delameter
Renton, WA
age: 46
|
Actually I saw all this bs coming back in 2007 and took action. I started buying hard assets that will withstand a currency collapse and I started watching my money very closely. I cashed in my old 401k's and dumped the money mostly into my mortgage (although I rammed my safe deposit box full of silver rounds and a little gold. I bought a 60mph/80mpg scooter for when gas gets expensive, and I bought a large 4wd dodge pickup just in case I have to flee the city if things get too bad. I also bought guns (I hate guns) camping gear and various other supplies. I've become something of an urban survivalist.
I've stepped back from the hardcore survivalism recently and shifted more toward modern survivalism. The philosophy involved is to make your preparations improve your life whether there's a disaster or not. Most of it is just good common sense that most of us have never learned. Things like being very careful with credit cards and paying down debt (including my mortgage) as soon as possible. If you're totally debt free you can weather economic storms that would otherwise ruin you. So yes, I've been saving more but not in a conventional way. My savings are hard assets. I've decoupled from the financial system as much as possible.
If what I've seen coming pans out, we should have another nasty economic downturn this winter and spring, possibly one that's so severe that it will make the current one look like a hickup.
China has stopped buying our debt and they've excused their banks from honoring all the derivative garbage contracts they signed. Now the fed is forced to create money out of nothing to keep the federal government checks form bouncing. Creating money causes inflation and other countries are going to be increasingly reluctant to sell anything for dollars. Basically my friends, we're screwed. Only I and a small percentage of the population knows it right now but it's going to be bad. Buckle up amigos.
|
| 9/16/2009 10:05:00 AM |
Since recession started, have you: |
|
idlehour
Trussville, AL
age: 54
|
I got completely out of stocks back in October of '07...you had to be either asleep at the financial wheel or so greedy that you wore rose colored glasses not to feel a market primed for a huge pullback....he11 we had been fighting two wars on our grandkids credit card - ringing up a 15 Billion dollar tab every month for 4-5 years - that alone would have brought on financial ruin, not even considering the banking/credit crisis ready to explode onto the scene.
But in Oct./Nov. of '08 I got back into the market with both feet after the federal reserve and government made it known it wasn't gonna pull another Hoover and throw this country into a second full blown depression...historically, whether the republicans on here will agree or not, the stock market and economy does significantly better under a democrat in the white house than when a republican is in...but although we're in for a bad 4-5 years economically, we won't be having an economic armageddon because the people now in charge understand economics 101.
|
| 10/5/2009 9:19:25 PM |
Since recession started, have you: |
|
mistadoright595
Meridian, MS
age: 30
|
I do not believe in "recessions"...
|
| 12/17/2009 2:32:01 PM |
Since recession started, have you: |
|
techgirl27
Bedford, TX
age: 39
|
but spending WAY less.
|
| 12/20/2009 11:43:25 AM |
Since recession started, have you: |
|
gadinaz
Mesa, AZ
age: 54
|
Great question! I've saved much more & spent much less. In this economy, having & keeping a job is and will continue to be the top priority. So increasing the size of my savings and saving at a higher rate is my top goal!
|
| 1/10/2010 12:15:58 AM |
Since recession started, have you: |
|
owlwisdom
Las Vegas, NV
age: 41
|
I started my last 10 accounting classes so I can sit for my CPA exam this year. Currently enrolled in 3 of my classes....away we go...using this recession to further myself since nobody's hiring right now. When people start hiring, I wanted to be better prepared.
|
| 3/23/2010 11:34:52 PM |
Since recession started, have you: |
|
always_chillin
Orlando, FL
age: 34
|
Rainy days are inevitable now
|
| 4/12/2010 4:19:16 PM |
Since recession started, have you: |
|
iaminohio
Cleveland, OH
age: 59
|
Basically, I've always lived below my means, or most of the time anyway. So, I just didn't make big purchases, other than that, my habits haven't changed much. Oh and I started eating less, lost ten pounds as a result; this accounts for something. Like kill 2 birds with one stone 
|
| 4/27/2010 12:59:15 AM |
Since recession started, have you: |
|
ms1958
Lobelville, TN
age: 52
|
I started my last 10 accounting classes so I can sit for my CPA exam this year. Currently enrolled in 3 of my classes....away we go...using this recession to further myself since nobody's hiring right now. When people start hiring, I wanted to be better prepared.
That sound like a sound investment, invest in yourself.
|
| 5/23/2010 11:32:47 PM |
Since recession started, have you: |
|
knightofcolours
Prescott, AZ
age: 40
|
Before the recession, I was making more money but was drowning in debt. Recently, I have let the debt go and have started saving and investing all the money that would have been paid on the debts. (Those companies are getting my tax money, in the form of the bailouts they took!)
|
| 10/9/2010 4:51:08 PM |
Since recession started, have you: |
|
commutator
Brandon, MS
age: 57
|
I have taken a pay cut from $17.49 per hour to 13.98 per hour. I am still contributing 5% of my salary to my 401k, even though the company match has been discontinued. I am also paying more money on the premium of my company sponsered group health insurance. I am not saving any money right now, but believe me, I am spending money on what is only absolutely necessary. If I don't need it, I don't buy it. Money is very tight with me right now, but I have learned how to budget money better.
|
| 1/6/2011 3:18:28 AM |
Since recession started, have you: |
|
austinbob1
Austin, TX
age: 58
|
Ignorance is bliss
http://www.youtube.com/watch?v=T-iYZVM2L-Y
|