Dreading this year

piggeh

I'm worried about next year as well. I won't starve, because I don't have a mortgage to pay for. However I work in the car industry, things aren't exactly positive! Trying to save for a mortgage and got some saved up, but obviously if I lost my job that could disappear quite quickly.

On the other hand, people say you should enjoy yourselves a little and not get too bogged down in saving all the time. So do I save or do I spend a little on myself? Can't really decide what to do given the current climate..

amcluesent

>So do I save or do I spend a little on myself?<

Everything is in place for a massive resurgence of inflation at the end of 2009 going into 2010. ££ in the bank will not hold it's buying power, IMHO. The problem is if there a sustained drop in trade (even Obama may have to invade a nuclear Iran!), we'll be exactly back to the 1975/76/77 era with stagflation/3-day week/powercuts etc.

LauraW10

http://www.thisislondon.co.uk/standard-business/article-23610385-details/Cheer+up%2C+it%27s+not+so+bad+really/article.do

This article might help.

It's By Anthony Hilton - he's the Financial Editor of the London Evening Standard and he's brilliant IMHO.

The article is entitled "Cheer up, it's not so bad really"

bo_drinker

What industry is positive. I am in construction which t b f is f u c ke d for a long time. I may be doing something completely different this time next year. There are a lot of good tradesmen out there (in all walks) that are going to waste. I have had work put off due to lack of funds. If people can tick over this year and earn a wage I think that will need to suffice. Luckily I have no debts so we shall see. As someone else pointed out don't look at the news etc etc it is depressing.

wymondham

jackie_w wrote: »

Hi,

Is anyone else dreading this year cos of the recession? I am, and I cant stop worrying about it at all.
I know there is nothing I can do about it.

Hubbie is self employed, work is very very quiet, we go back to work tomorrow, and TBH I dont think there is going to be that much to do. Im lucky in that we have savings which would last us for quite a while, but, I still worry about loosing my home. I do have a large mortgage, the value of my house means nothing to me because its my home, i dont plan to move, but, with the savings I have, I have I could technically reduce my mortgage down by almost half.

Whenever I read anything on this forum, on the internet, newspapers or watch the news, it just all seems to be about doom and gloom, there is no light at the end of the tunnel.

Im afraid im one of these pessemistic people, glass is always half empty and never half full. Im having trouble sleeping because Im worrying about it, and at the stroke of midnight into the new year, I just felt like crying because im dreading 2009 so much.

Am i being really silly worrying like this, and is anyone else like this?

Anyway, if youve got this far reading this thanks very much, just needed to vent cos my hubbie is fed up listening to me:o .

Jackie

You're not silly in the slightest!

You are aware of what is going on, and that makes you brighter than about 50% of the population who still think this is a 'blip'. You'll find you naturally now change your ways and adjust to the conditions as they alter - sounds like you'll be fine!!

geoffky

Twenty years ago i was broke and owed 50k and now i have retired and have big savings and dont have to work again...you never know whats around the corner

SingleSue

Yep, 5 years ago I was working, had a hubby, savings in the bank, a fairly newish car (well actually we had 2 cars) and we had regular holidays including to Disneyland Paris....now I am a single parent on benefits with virtually no savings, no hubby and I rely on my parents to let me have their caravan on a holiday site for freebie holidays.

amcluesent

I enjoy the cheering thought that when Mozart was my age, he'd been dead for 7 years.

#If life seems jolly rotten
There's something you've forgotten
And that's to laugh and smile and dance and sing.
When you're feeling in the dumps
Don't be silly chumps
Just purse your lips and whistle - that's the thing.

And...always look on the bright side of life...
Always look on the light side of life...#

fc123

geoffky wrote: »

Twenty years ago i was broke and owed 50k and now i have retired and have big savings and dont have to work again...you never know whats around the corner

I asked you on another thread what you would have done differently back then...but by the time I posted it, then came back, got distracted, I may have missed your reply.

You mentioned in another post about the problems you had but said, looking back you would have done things in a different way. I just wondered what they were.......not being nosy or anything...well, a little bit. Recession survival tips.

mvengemvenge

SingleSue wrote: »

Yep, 5 years ago I was working, had a hubby, savings in the bank, a fairly newish car (well actually we had 2 cars) and we had regular holidays including to Disneyland Paris....now I am a single parent on benefits with virtually no savings, no hubby and I rely on my parents to let me have their caravan on a holiday site for freebie holidays.

You've still got speedway, chuck!