Great 'Biggest financial fear' Hunt

Lu_T

Being made redundant and not being able to pay the bills. Both being public sector employees this didn't used to bother us so much. Not it's not so easy to stay positive

Hezzy

Never being able to buy a house, get married to or have kids with my boyfriend because everything is just so unstable.

He starts his new job on Monday which will be his first 'stable' job in 2 years. He previously worked ina wine shop down in the cellar boxing up wine and also helped out at a local bar when they needed him. This is all great at Christmas time, but most of the rest of the year there just wasn't enough work for him! This 'stable' job though is only temp for 3 months with the possibility of him being kept on after that...so if they don't keep him we'll be screwed again

I've paid his half of rent/bills etc for so long that it has actually amassed to over £6000! Good job I don't have high interest rates

We'd love to own our own place with a little garden but doesn't look like it'll be possible for quite a while!

streatley

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.

Redundancy money is to replace your income while you find another job. As you say that you had used most of your redundancy money, you are actually in profit.

streatley

sarah*a wrote: »

Changing from IB to ESA - and the whole 'support group' 'non-support group' fiasco :mad:

I should be OK but the whole thought of it is making me ill again

If you had explained these acronyms, I may have been able to understand your message.

May2013

Wow...what a telling thread this is!!

1. Job security - if I lose my job my world will systematically fall in around me.
2. The rate at which the cost of living is rising....I'm trying so hard to repay my debts and have tight budgets in place but that means there is little, if any, room for manoeuvre....every day the mortgage rate stays put is a blessing.

On a brighter note - I welcome the fact that the next generation (particularly my children) are learning that money doesn't grow on trees!! Hopefully they will reach my time in life without a legacy of debt to deal with!

kittykitten

I'm always paranoid anyway about everything, but my top 3 at the moment, all of which are really starting to bother me, especially number 1:

1. Losing my job. I know people think generally that public services are the place to be for job security but believe me, the inside of the NHS is a scary place to be at the moment, particularly as I work for a PCT that will cease to exist on 31st March so will, from 1st April, be employed by the local NHS foundation trust, who have some of the scariest terms and conditions, managers who have a reputation for not caring at all about their staff, plus a very scary reputation for generally not backing staff. This general worry about losing my job is made worse by the fact that I'm 2 months into a new clinical specialty and have no real idea what I'm doing. The expression 'seat of my pants' springs to mind, and when I'm not at work I'm worrying that I'll get back to work to discover something really bad's happened to one of my patients and I'm for the high jump. That bit's not just about me, I really do care for my patients and want to do my best by them, but the repercussions of what would happen also affect me. Paranoid or what?!

2. Not being able to afford a mortgage - I feel the time is right to move out of my parents' house, before I drive them crazy! I have just about enough saved for a deposit, but am truly scared of getting a mortgage for fear of what might happen to interest rates. I'm on my own so can't absorb too much in the way of rate rises.

3. Pension. I've got 41 years (as it stands at the moment, but who knows!) before I retire, and really worry that there'll be goodness knows how many reforms to public services pensions so by the time I get to retirement age my pension won't be enough to live on.

The NHS - not the place for the paranoid!

Nottoobadyet

Any of my uninsured relations in America getting ill and or needing care - I wouldn't see them go without and it could be ruinously expensive.

Interesting how much this thread has to say about the obsession with home ownership - half of us terrified because of our mortgages, the other half terrified that they wont be able to get one!

isy1011

The threat of redundancy- use to think I will be fine Im qualified as both nurse and teacher but not any more!
Rising interest rates.
Worried for young people that I teach. Their lives are now harder than ever.

Worried for my other members of family Im going to leave behind when I emigrate to Oz to get away from this c**p hole of a country run by toffs who are immune to all this anyway due to the fact that they protect their own interests! and who we the ignorant masses put into power through our voting apathy:mad: (Sorry for the rant)

chevalier

you are all making me scared that I may have to come home to the UK if things don't work out over here. The UK sounds like a horrible place to be at the moment, if you are not comfortably off with no debts and a low mortgage!
chev

*jobags*

May2013 wrote: »

Wow...what a telling thread this is!!
On a brighter note - I welcome the fact that the next generation (particularly my children) are learning that money doesn't grow on trees!! Hopefully they will reach my time in life without a legacy of debt to deal with!

My children know money doesn't grow on trees - it comes out of a machine.
I'm now trying to explain how it gets into the machine (i.e.work) but they are having difficulty making that link