Great 'Biggest financial fear' Hunt

jaimelicious

Remaining unemployed forever.

With all the cuts and other rubbish, there are a lot of well-qualified, recently-experienced people with good references job-hunting... and they're mostly healthy.

I'm not. I never will be. I don't even know what's happening to me, really, or what to expect in six months, a year, five years.

No employer is going to take someone like me on - and I'm well qualified with excellent references - when there are healthy people who are less 'risky', less 'scary'.

And most of the jobs I could do standing on my head (if I could stand on my head, lol, some days I can't stand on my feet) - but I'll never be given the chance, because people see my stick and my limp and my speech and write me off.

Benefits are being cut, and at this rate will almost certainly disappear entirely at some point, and when they're gone I'll ... I dunno, it sounds dramatic, but beg or starve, basically. I've already spent my savings supplementing my pittance on JSA, and I'm looking desperately for a job, but there really is no hope.

cattyboo

Oh so many fears to choose from! A lot of what's been said so far are very familiar worries to me, each bringing on that all to familiar panicked sicky feeling :eek:

1. Oh my good lord how long is it going to take me to get out of the big scary overdraft hole I created for myself by being a financial ostrich/idiot before my recent LBM?! (Thanks MSE, I :heart2: :money: !)

2. The rising cost of living. We don't have much disposable income as it is, with the remainder from household bills, rent, food and petrol going on clawing my way out of the above mentioned overdrafts how am I going to cope?

3. Having no savings. I can't afford them. But it means I can't cope if one of life's little disasters crops up, say the car needs expensive repairs, or we have to move house, literally don't have the wiggle room to save myself a coping cushion and live in fear of being put under that pressure.

4. Not being able to save for a house. As someone already mentioned the cost of mortgage repayments would be the same as the rent we're paying now, but without that all important deposit we're stuck. Recently 2 separate couples we're very good friends with have each bought houses, I'm so thrilled for them don't get me wrong, but I can't help but feel we're being left behind.

So...now I've depressed you all, back to work!

C xx

Nicki123

flowerofscotland wrote: »

Unemployment followed by living on a pension income that seems to reduce every time I look at it. I've been made redundant twice and in both cases it was unexpected and although I received a reasonable payoff each time it took 6 months to find another job by which time I had used most of the redundancy money. The thought of trying to find another job in the current economic climate is terrifying.

My husband has also been redundant twice, and has now been out of work since May. My job just about manages to keep us afloat and we're not in debt which is a huge relief. But my main long term concern is the future -- there's just not enough money to pay for a good quality of life for all the people who are aging (which is everyone!). I sometimes think there is NO WAY (unless I become a banker ) to earn enough to really have a comfortable worry-free retirement. And I don't mean retiring at 62 or even 65 - I anticipate I'll have to work until 70+ and even then if we have medical issues or require care any savings would be eaten up very very quickly.

I don't know what the answer is, which is what really worries me

Nicki123

jaimelicious wrote: »

Remaining unemployed forever.

With all the cuts and other rubbish, there are a lot of well-qualified, recently-experienced people with good references job-hunting... and they're mostly healthy.

I'm not. I never will be. I don't even know what's happening to me, really, or what to expect in six months, a year, five years.

No employer is going to take someone like me on - and I'm well qualified with excellent references - when there are healthy people who are less 'risky', less 'scary'.

And most of the jobs I could do standing on my head (if I could stand on my head, lol, some days I can't stand on my feet) - but I'll never be given the chance, because people see my stick and my limp and my speech and write me off.

Benefits are being cut, and at this rate will almost certainly disappear entirely at some point, and when they're gone I'll ... I dunno, it sounds dramatic, but beg or starve, basically. I've already spent my savings supplementing my pittance on JSA, and I'm looking desperately for a job, but there really is no hope.

Reading this makes me a little ashamed at my longer term worries.

clang_uk

My biggest fear (at the moment) is having the banks call and ask for all their money back at once.

flyingember

I was made redundant 6 months ago and was lucky because I don't have any debts (other than the mortgage) and I has some savings.I have finally found another job but it is much less than I earned before and it is a great life style change.

In one way it has reduced the fears that I had, I have found that I can cope with the shock and uncertainty of losing my job and carry on. My biggest fear remains losing all the equity in the house I have built up over the last 25 years. Not likely perhaps but I don't feel as secure as I once did.

fe

blondegirl88

Both my husband and I are on fixed term contracts ending on the 31st March 2011. Im terrified that neither of us will find another job. He is in NHS and Im a researcher in a University. The future does not look bright.

foxgloves

Yes, agree, both of us are on section 188 redundancy threat notices at a time when everyone is predicting interest rate rises. My 'old-style' skills like growing food & batch cooking are good, but won't be enough to save us from losing the house if the worst came to the worst. My worst fear is definitely seeing our home & garden reposessed.

YORKSHIRELASS

Like another poster one of my financial fears has been realised, ie, that I am unable to work. My son was struck down by a chronic illness 18 months ago. He cant go to school so I had to give up my job to care for him. I have always earned more than my husband and this hit us hard financially.

My biggest fears currently are about whether I will be able to find work if and when he goes back to school full time, what we will do if our benefits are stopped or reduced, what happens if my husband cant work for some reason. I just cant think any further ahead than that at the moment.

bexmark_2

As a new single father, not being able to provide for my daughter - that all the responsibility now comes down to me.