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Some of us must have some money still, because NC10’s seem to be flying off the shelves. Or maybe that’s why the netbook price point is now appearing very attractive!
How is everyone fairing out there? 10% of staff where I work were given the boot yesterday. I’m still here though. For now.
Well we remortgaged just before everything went TU so we have been living the life of Reilly for the latter part of this year.
Decided to remortgage and do the house up rather than move (best decision ever).
Building work on the house, lots of new stuff (inc NC10), takeaways, etc. – the neighbours must have thought i’d started dealing drugs!!
It’s all ran out now tho – back to the breadline (albeit in a nicer house with more gadgets than before lol).
Being in the building trade, things for us are very slow and appear to be coming to a crawl, we started a loft conversion at the start of this month, that will take us to the end of January but then we only have a few little jobs before the books are empty. Although we do have a few quotes out there nothing has been booked.
Even my side line as an event photographer has seen a huge decline in people buying prints, which is fare enough as they are a luxury item.
2009 is really going to be tough for a lot of people.
Work is as busy as ever for me personally, but I am in field support so more is spent on repairs and propping up equipment rather than buying new machines.
We have a pretty wide customer base both geographically and within industry which hopefully will soften the hit a little. Fortunately every minute of my day pretty much generates income for the place so I am a little less of an overhead than some of the other departments.
On a personal level I have a deep seated fear of debt and am lucky to only have a mortgage as a debt.
If I want something I save up for it, buy with the credit card for the protection it offers, then pay it all off straight away. If I do not have the money I cannot have it.
It is an old fashioned approach to some people but works well for me especially when times get a little tight.I’m aiming to be like you fatnbald, in the past I’ve fallen for the CC charms. But haven’t used plastic for 6 months and and got the 17K down to 11K combined CC a loan.
[quote1229711676=Britman]
I’m aiming to be like you fatnbald, in the past I’ve fallen for the CC charms. But haven’t used plastic for 6 months and and got the 17K down to 11K combined CC a loan.
[/quote1229711676]First time I have heard fat n bald as an ambition in life lol lol lol
fatnbold I totally relate, I finally got all the plastic paid off and cut up! Just a Mortgage and a small car loan. fortunately I still have a bit of equity in my home too and not upside down like so many folks….
Obama nailed it on the head too, he has said many times we need to start taking personal responsibility for ourselves and our spending and live within our means!
[quote1229714222=soutthpaw]
fatnbold I totally relate, I finally got all the plastic paid off and cut up! Just a Mortgage and a small car loan. fortunately I still have a bit of equity in my home too and not upside down like so many folks….Obama nailed it on the head too, he has said many times we need to start taking personal responsibility for ourselves and our spending and live within our means!
[/quote1229714222]He does have a point, living on credit makes you feel richer then you are, once you live within your means you soon see that actually your not so well of. Not a bad thing really, people should stop wanting material goods more and look to being better people, family and community. But for that to happen the whole world economy needs to change.
It’s keeping up with the Jones that’s got us in this mess ohh and greed.
Dam I’ve gone all hippy.
Me and my hubby haven’t used credit cards for years. We had a spate of irresponsible spending when we first got together which we’re only now finishing paying off and that’s taught us to avoid the plastic. The only debts we have now are the mortgage and car loan, the latter we opted for a 3 year payment plan to get it out of the way nice and quickly.
As for the little luxuries in life, we’ve still been able to treat ourselves, we’ve just learned to save up for them first. It’s actually better than having a credit card as there’s never any interest to pay and you don’t get nasty letters if you can’t afford it one month. 😀
Becky it’s that sort of attitude that should be taught in schools. AFAIK money management isn’t a lesson kids learn.
The month befores overtime paid for my Sammy ,my heated gloves and 6 months of tobacco on a trip to Belgium at the end of last month 🙂
[quote1229808715=soutthpaw]
. fortunately I still have a bit of equity in my home too and not upside down like so many folks….Obama nailed it on the head too, he has said many times we need to start taking personal responsibility for ourselves and our spending and live within our means!
[/quote1229808715]We are lucky to have a mortgage which is just 40% of the property value, not through any level of intuition, mainly through being in the market at the right time and moving to the right location. We got into North Wales just before the Cheshire set realised the A55 was a dream road to use even in rush hour!
[quote1229968496=Britman]
AFAIK money management isn’t a lesson kids learn.
[/quote1229968496]They do a bit in PSE, or what ever it’s called these days. My Mrs showed her class the BBC program spendaholics the other day, I also suggested the MSE teen cash guide.
Fortunately I was always brought up as a saver. I had to save for many years to get my first PC as a teen. Was worth it ;)!
Phrases I want burned –
“Feeling the pinch”, “feeling the squeeze”, “tightening of the belt”, “credit crunch”, “credish crash, “credit crisis”, “financial crisis”, all of them really. 😉
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