Dreading this year

geoffky

whathavewedone wrote: »

I'm a born worrier too and in quite a similar situation.

We only have 18 months' mortgage payments saved up though so you're better off than us and our fixed rate mortgage ends in October 2011 so we're more exposed to potential interest rate hikes than you are.

I wouldn't say I'm losing sleep over it but I do spend hours trying to work out if we'll end up with a long slow recession like Japan with low interest rates or a really vicious shorter recession with high interest rates. I don't know the answer. Like the majority of people, my knowledge of economcs could fit on the back of a fag packet.

I would be better off forgetting about it really because it's out of my control.

I am thinking of going back to work part time this year though - although like you I have childcare to consider and if I can't earn enough to at least cover that then I will have to forget about it. Like you my oh earns too much for us to be entitled to any tax credits/help with childcare.

Before I found my way to these boards I spent about a month reading threads on HPC - I don't recommend you go there if you have a worrying nature.

You have probably noticed that the real doom mongers automatically discount any predictions that isn't of the 50% off houses at least/total economic meltdown variety on the basis that the people giving more positive predictions have vested interests. The thing is that the doom mongers usually have vested interests of their own - namely to snap up a 4 bedroomed detached period house for 200k in London and the south east or for £100k or less in other areas of the country.

Well who knows? Maybe they'll be able to. And maybe they won't. Why should we trust the people who have vested interests in the economy worsening significantly any more than we should trust the people who have veste interests in the economy picking up?

Lots of people on here would love people like you and me to panic into selling our house now just to avoid negative equity.

What will be will be. In the meantime save save save.

[/quote]my knowledge of economcs could fit on the back of a fag packet.[/quote]

geoffky

jackie_w wrote: »

Kittie,

the reason i think im like this is because, my parents were always in debt. My mum especially couldnt handle money, dad drank all the money infact mum ended up doing that too. Mum didnt have anyone to "talk" to, so used to share her problems with me (Im talking about primary school age here), and she used to get into trouble with the rent, and i lost count of the amount of times we were nearly evicted.

This is why I dont have any debt except my mortgage, however, if im honest, if it were up to me, I wouldnt have a bought house, and would rather live in a council house. The things that my childhood taught me was never get into debt (well I did class my student loan as debt, and worried about paying that) and never ever ever forget to pay your rent/mortgage. At least if you lose your job and you have a council house, you will always get your rent paid, at least this is what ive been told.

Thats why im so worried about this recession, I worry by husbands business goes under, neither of us cant get another job, and all our savings end up running out and we cant pay our mortgage.

Thats why I think im worrying myself sick about all this.

#

THE thing is you cant do a jot about it but life will still go on if it does just think you will find out who your real friends are..:rotfl::rotfl:

1echidna

It is a pity that in our society there is such a taboo to admitting the need for a little consultation with one's GP and some mild medication and/or counselling' It is actually a very common thing that people need to do. I am not saying that the OP needs this or indeed should admit that she plans to do it and it is of course impossible to say from a few paragraphs on this board whether she needs to or not. I do think that it is a fairly obvious thing to consider though.

space_rider

FungusFighter wrote: »

Don't be in any rush to find something darling, having a job is not all it's cracked up to be. After all that p1ssing it up over Christmas, I went back today and it was sh1te getting up at 5am, an hour of prayers, then a bit of self-flagellation, 2 hours of silence then a whole day of listening to other people's problems - I tell you, I'm fewking knackered! :A

I`ve had 2 weeks off and after getting up on Monday, de icing the car, doing the school run, trying without success to find a space in the car park at work, getting to my desk bang on 9 o`clock, opening my drawer to find that my headset had been stolen, stomped around, got another headset, took the first moaning customer call, finishing at 2.30 school run again, decided redundancy would be a welcome relief. Last night watched the repossession programme. Wrote down the benefits I could claim, checked my savings to see how long could survive then slept badly. Got up late did school run and come home as day off. Maybe tomorrow at the office won`t be too bad lol.

sarah_elton

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.

[snip]

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

Stop reading this particular board on the forum, and the papers. This is not advice saying bury your head in the sand as you've done all you can - you have good savings that you could live off for a while if your income dries up.

This board gives you the most pessimistic view possible. It might be realistic, it might not, but what good does it do you soaking up every little announcement? As you said, this situation is out of your control.

It sounds like this is affecting your health and it is simply not worth it. It's money at the end of the day - it's not worth this stress.

Stop reading everything you can as you are at the moment - switch off and go enjoy the hobbies etc you have. You've done a great job of planning for the bad times by saving up so much cash - make sure some is held in accounts you have reasonably quick access to so you can live off it if need be. This will blow over - don't stop living your life in the meantime.