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    • Shoe Gal
    • By Shoe Gal 1st Feb 11, 9:59 PM
    • 7,157 Posts
    • 14,530 Thanks
    Shoe Gal
    • #2
    • 1st Feb 11, 9:59 PM
    • #2
    • 1st Feb 11, 9:59 PM
    Unemployment - everything is very finely balanced with no 'wiggle' room
    Last edited by Former MSE Penelope; 04-02-2011 at 1:21 PM.
    Sometimes it's hard to walk in a single woman's shoes - that's why we need really special ones!
    Total debt @ Oct 2008: 29,226.42 Credit Card- 7493.56 - 7243.56
    Weightloss : 0/34lbs
    • sarah*a
    • By sarah*a 1st Feb 11, 10:59 PM
    • 2,733 Posts
    • 13,155 Thanks
    sarah*a
    • #3
    • 1st Feb 11, 10:59 PM
    • #3
    • 1st Feb 11, 10:59 PM
    Changing from IB to ESA - and the whole 'support group' 'non-support group' fiasco

    I should be OK but the whole thought of it is making me ill again
    "Reason is not automatic. Those who deny it can not be conquered by it" Ayn Rand
    • Cmdr_Bond
    • By Cmdr_Bond 1st Feb 11, 11:02 PM
    • 542 Posts
    • 756 Thanks
    Cmdr_Bond
    • #4
    • 1st Feb 11, 11:02 PM
    • #4
    • 1st Feb 11, 11:02 PM
    Great 'Biggest financial fear' Hunt

    Money is often at the top of people's worry lists, so we want to know what you fear the most when it comes to your finances?

    View past Great Hunts



    This Forum Tip was included in MoneySavingExpert's weekly email

    Don't miss out on new deals, loopholes, and vouchers

    Originally posted by MSE Lee
    Top of my list - losing my job (its not likely BUT it is still possible)

    Next to that is inflation.
    • scotsbob
    • By scotsbob 1st Feb 11, 11:29 PM
    • 4,462 Posts
    • 6,958 Thanks
    scotsbob
    • #5
    • 1st Feb 11, 11:29 PM
    • #5
    • 1st Feb 11, 11:29 PM
    Is that when I am no longer around my children will get conned by commission hungry salesmen calling themselves financial advisers.
  • Blobby8
    • #6
    • 1st Feb 11, 11:32 PM
    • #6
    • 1st Feb 11, 11:32 PM
    Being offered a job.
  • mel12
    • #7
    • 2nd Feb 11, 12:20 AM
    • #7
    • 2nd Feb 11, 12:20 AM
    My area becoming very unsafe to live in & not being able to afford to move (its a poor area but ok at the moment, I'm concerned all the cuts to people's benefits, support, employment etc cld cause the area to deteoriate. The cuts are going to hit ppl in my area very hard.).
    • nearlyrich
    • By nearlyrich 2nd Feb 11, 12:50 AM
    • 13,335 Posts
    • 16,542 Thanks
    nearlyrich
    • #8
    • 2nd Feb 11, 12:50 AM
    • #8
    • 2nd Feb 11, 12:50 AM
    I am worried my savings will not be enough to keep me comfortable in my old age, best scenaro is spend your last fiver the day you die (of extreme old age)
    Last edited by Former MSE Penelope; 04-02-2011 at 1:19 PM.
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • *jobags*
    • #9
    • 2nd Feb 11, 1:10 AM
    • #9
    • 2nd Feb 11, 1:10 AM
    I am more worried for my childrens financial future than my own - it's grim out there
    Debt @ 31.01.10 324,422
    Debt @ 31.01.11 311,289

    Get debts under 300k by 31.12.11 561/11,850 at 15/1/11
  • DebtfreeBY40
    I am worried about the mortgage interest rates increasing so much that I lose my house.
    Last edited by Former MSE Penelope; 04-02-2011 at 1:22 PM.
    If you knew it then you know it!

    3160/11,000
    • dreamdreamer
    • By dreamdreamer 2nd Feb 11, 7:20 AM
    • 618 Posts
    • 1,529 Thanks
    dreamdreamer
    My biggest financial fear is what we're going to do when OH has served his 22yrs in the forces (not very far away now). I'm not sure we can afford for him to leave, but equally he has a dream job in mind and wants to feel settled once we have children.
    DEBT FREE 3rd Sept 2011
    (Debts at highest 15.8k Nov '08)
    Student Loan paid off July 2014
    First Direct Regular Saver #2: 2700 ** Santander 123: 13,106
    Car Insurance/Tax Fund: 305 ** Present Savings: 525 ** Disneyworld Fund 100

  • cliveoram
    Banks
    My greatest fear is from those we trust to manage our money - the Banks. During the 80's I built a successful business and in 1990 was looking forward to enjoying the rewards of all that hard work. My Bank Manager persuaded me to consolidate all my money into two accounts at separate branches of the same Bank and to take out a small overdraft on my business account to cover the cost of relocating my business. Within a few weeks he had been replaced and someone had opened an account in my name at a third Branch, (I did not know this of course). My new Manager froze both my business and private account and used the money to pay off the "debt" that had accrued and despite two and a half years of legal battles I got no compensation and obviously had no business either.
  • rich744
    Not being able to meet the mortgage......
    • slbhill
    • By slbhill 2nd Feb 11, 9:03 AM
    • 5,015 Posts
    • 353,828 Thanks
    slbhill
    My company going bust because of the recession - leaving me with no job and presumably no redundancy. If that happens everything else will fall like dominoes.
  • goodgirl80
    Redundancy....and Payday loans
    • libra10
    • By libra10 2nd Feb 11, 9:23 AM
    • 10,745 Posts
    • 218,385 Thanks
    libra10
    Mrs
    My husband and I are both retired and living from a mix of state and other pensions, plus interest from savings and investments.

    Although we're careful to keep within government compensation levels, our main financial worry is more banks or financial institutions going bust!
  • dollybeads
    My biggest fear has only recently come to light, and that is the total lack of financial savvy that I had. From basic budgeting to understanding some of the simple things about banking, how APRs work, the real cost of credit etc etc

    I have now thankfully cottoned on (thanks to MSE and DFW in particular) but am worried for the future with my children and grandchildren and for the rest of the country. I had a decent education, parents who were financially responsible but somehow this all passed me by. Not sure of the solution to tackle the whole live now pay later culture but we need to think of solutions and quick!

    Dolly x
    Sealed Pot Challenge #1247 = 111.41/500
    2011 Made on ebay to date 368.31 (exc P&P)
    Freebies 15 Amazon Voucher
    DFW Nerd * 1366, DFD September 2013
    The large print giveth, but the small print taketh away
    Tom Waits, Small Change
    • wherediditallgothen
    • By wherediditallgothen 2nd Feb 11, 9:37 AM
    • 1,424 Posts
    • 2,271 Thanks
    wherediditallgothen
    My biggest fear has only recently come to light, and that is the total lack of financial savvy that I had. From basic budgeting to understanding some of the simple things about banking, how APRs work, the real cost of credit etc etc

    I have now thankfully cottoned on (thanks to MSE and DFW in particular) but am worried for the future with my children and grandchildren and for the rest of the country. I had a decent education, parents who were financially responsible but somehow this all passed me by. Not sure of the solution to tackle the whole live now pay later culture but we need to think of solutions and quick!

    Dolly x
    Originally posted by dollybeads
    x2

    I used to not care about money. I never had any real serious debt, (or at least some of the amounts on here make me ), but I never used to budget or check my balance or have any idea whatsoever about my finances.

    I'm getting there slowly, but as our finances are so tight, one trip back to my old ways could have difficult consequences.
    • flowerofscotland
    • By flowerofscotland 2nd Feb 11, 9:47 AM
    • 2,429 Posts
    • 15,741 Thanks
    flowerofscotland
    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.
  • bratz81
    I used to be the same - never caring about money the same and got out a credit card and a loan, seeing it as free money in a way. I've not cottoned on too and am paying this back.
    But my big fear right now is losing my job and not being able to pay the debt back....it's keeping me awake at nights to be honest.
    carpe diem

    Santander OD- 0/870
    Mint cc - 0/6500
    HOF cc - 640/750 A&L Loan - 2497/7500
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