Things to learn from this terrible situation.

galileangoatee

drphila said:

galileangoatee said:

 When this situation recovers, I'll definitely think twice about how often I go out and how much I spend when I do... More Zoom calls, fewer 3-course dinners in future I think! 

It's the secondary knock-on effects like this that the Covid economic optimists often fail to factor in, I feel

True - our high streets and restaurants will be forever changed. Though it wouldn't be very money saving of me to continue with the 3-course dinners 

Sailtheworld

drphila said:

galileangoatee said:

 When this situation recovers, I'll definitely think twice about how often I go out and how much I spend when I do... More Zoom calls, fewer 3-course dinners in future I think! 

It's the secondary knock-on effects like this that the Covid economic optimists often fail to factor in, I feel

Isn't Zoom an example of a secondary knock on effect too? One man's gloom & doom is another's opportunity. It's easy to be pessimistic because the downside is easier to spot.

I know some miners who lost their jobs in the eighties who never worked again (but still referred to themselves as miners for some reason) but that's quite unusual - waiters who lose their jobs will go and do something else instead. Just like the lamplighters did.

The title of the thread isn't exactly uplifting but if people have taken time to analyse their spending and determined they'd be happier by changing their spending habits that's entirely positive.

For what it's worth I've spent more on eating out and takeaways this year than last. Some takeaways were from restaurants which turned to delivery when forced to close. Anecdotally I think they're doing better now than those with a 'closed for the duration' attitude.

MaxiRobriguez

I'm probably the only person on the thread that seemingly hasn't learned anything or changed habits much.

Still putting the same amount into investments, still using same strategy of cash buffer/picking up hard hit stocks for satellite investments, still going on "holiday" at the same amount albeit travelling 50 miles down the road rather than 500 in the air. 

I feel fortunate that my role/skill set is flexible enough to work from home and, because colleagues have been let go, the variable part of my pay has actually gone up so I've ended up earning more over the last six months. Our business is within the transport sector however so who knows, I may be out next, but I will probably find it far easier to move industry than many others as I've had experience across multiple now.

It's the not-so-educated under 30's I feel for most. Hospitality and retail were the two industries where younger people could more easily move into more senior roles if they so wanted and worked for, with stability of work and pay. Those two industries have been decimated and unlikely to return to anything like they were. What now for that demographic?

DireEmblem

galileangoatee said:

True - our high streets and restaurants will be forever changed. Though it wouldn't be very money saving of me to continue with the 3-course dinners 

3 course takeaway instead?

camelopardis

Username999 said:

ColdIron said:

I learned that a toilet roll lasts me 17 days which, at 200 sheets per roll, is just under 12 sheets per day, which surprised me

Sorry but you did ask 

Bring back IZAL.

They only went out of business because they couldnt fight the smear campaign against them

Tammer

Purchase pet insurance if your cat goes outside....