Thread: Are You Worse Off Now....

bigann - 11/25/2008 at 05:12 PM

During the election there was a lot of posting about thing going on in the country and how it has affected our lives and I was wondering......are you worse off now than you were a year ago and if so, is there anything particular that you're doing to get through this time that you're willing to share?


bobkaufman - 11/25/2008 at 05:39 PM

scrimping and saving whenever and wherever we can everyday.

It's possible we are heading for deflation that would help some.


Fujirich - 11/25/2008 at 05:49 PM

Not worse off, but preparing for tougher times. It's all based on staying employed. I'm proposing some projects that could keep me employed till at least 2010, but who knows the outcome given our current market.

Fortunately, I have enough saved that I can survive for 3-4 years without income, as long as the currency stays intact. I hope not to tap that if possible.


SquatchTexas - 11/25/2008 at 05:56 PM

quote:
During the election there was a lot of posting about thing going on in the country and how it has affected our lives and I was wondering......are you worse off now than you were a year ago and if so, is there anything particular that you're doing to get through this time that you're willing to share?


Personally, for me, the time measurement we are discussing is too short. Im doing better than I was 2 years ago, but Im also working a helluva lot more and its more or less by choice. Then again, I dont live above my means and Im not up to my eyeballs in credit debt.


BigDaveOnBass - 11/25/2008 at 06:08 PM

About the same....


rottinpeach - 11/25/2008 at 06:21 PM

About the same, but I have to admit, the high prices of gas had me worried. Probably like most of us. Still has me worried a little, cause it can go back up as fast as it dropped.


KWidgeon - 11/25/2008 at 06:21 PM

I would say, my life is about the same, as long as I keep my job.


bigann - 11/25/2008 at 06:27 PM

Mostly around here we're doing pretty much what Bob is doing.....conserving and saving when and where we can. It's just a thought but I believe people who haven't lost their jobs are still doing relatively okay but it's the uncertainty of what's ahead that's got some of us holding back on our spending. Christmas this year looks like it may be murder for the retailers.


Peachfan8 - 11/25/2008 at 06:38 PM

Lost my job a month ago, still no job. My brother was laid off last week. Had to look my own father in the eyes and ask, "how does it feel to have both of your sons unemployed"? Mind you, my brother and I have always held at least a part time job since we were old enough to work. I actually had to save up money to go play golf with my bro and uncles this thanksgiving.

It's hard, being someone who is always busy, to not have a job to go to everyday. It's been hard on my marriage, social life (non existant now), and finances.

Alas, tomorrow I will spend the day in the fellowship of my family. Thursday I will do the same. I refuse to let all this make me a bitter person!


dutchoneill - 11/25/2008 at 06:41 PM

No, we're the same. Just keeping an eye on things.


jim - 11/25/2008 at 06:42 PM

quote:
Not worse off, but preparing for tougher times. It's all based on staying employed. I'm proposing some projects that could keep me employed till at least 2010, but who knows the outcome given our current market.

Fortunately, I have enough saved that I can survive for 3-4 years without income, as long as the currency stays intact. I hope not to tap that if possible.


This most accurately describes my situation, although all is tied to employment. Its been a horrendous year for the industry in which I work (finance/asset management), so I am fortunate to still be employed. I am also fortunate that I have saved my money and don't have any debt besides my mortgage. God forbid I lose my job, I think I can still live for about 3 years on my personal savings acocount (not my 401K).

I actually think now is a great time to prepare to make yourself better off, looking 5-10 years down the road. If you have some risk based capital, the next few months look pretty enticing in terms of investing...if you can stomach the volatility.


bigann - 11/25/2008 at 06:43 PM

quote:
Lost my job a month ago, still no job. My brother was laid off last week. Had to look my own father in the eyes and ask, "how does it feel to have both of your sons unemployed"? Mind you, my brother and I have always held at least a part time job since we were old enough to work. I actually had to save up money to go play golf with my bro and uncles this thanksgiving.

It's hard, being someone who is always busy, to not have a job to go to everyday. It's been hard on my marriage, social life (non existant now), and finances.

Alas, tomorrow I will spend the day in the fellowship of my family. Thursday I will do the same. I refuse to let all this make me a bitter person!



I'm so very sorry to hear about your situation. But I like your attitude. Feeling like that, there's no way you aren't going to be okay in the long run.


Peachfan8 - 11/25/2008 at 06:44 PM

quote:
investing...if you can stomach the volatility.




That is the key to it all I think!


lolasdeb - 11/25/2008 at 06:56 PM

I feel like I'm pretty much the same. My 401K has taken some loss but I had rebalanced before the stock market plunged so I didn't get hit as hard as many. I've continued all savings/401K investing throughout everything and bump my 401K yearly to take advantage of additional after-50 catch-up dollars allowed. I am being more thrifty (even started clipping coupons) and have revised plan to retire at 55 (looking at 59 now to give myself time to get some necessary home improvements made and paid off). I'm in technology but work for a financial services corporation so I'm vulnerable from a job standpoint because of layoffs that have been occurring in the industry (many have been let go here but I'm told I'm safe...) If I were to be laid off my severance would include 2 years salary which would put me in that original retirement I'd planned. I'm hoping to remain employed, though.


Peachfan8 - 11/25/2008 at 07:01 PM

I worked for a company that had never "laid off" a single employ in 51 years in business. We were preached to in training that "as long as you never do anything unethical, you will always have a job". The Auto industry takes it in the Sh!tter, and the economy struggles, and so called wonderful company starts chopping heads like its going out of style. Of course, so called wonderful company was always ruthless. They just demote you into quitting, or move you around until you get fed up and quit.

Just part of life I guess.


lolasdeb - 11/25/2008 at 07:07 PM

quote:
Just part of life I guess.
The sucky part. Sorry you are having this unpleasant experience, peachfan. Been watching it here at my work and it just gives one a sick feeling. Many of those that have been let go here are long term employees like myself and decisions on who to release don't appear to be tied to job performance at all. Hope things turn around for you soon. And hope that Thanksgiving can be a day where you can maybe put the sucky stuff on the back burner while you and your family enjoy each other in the moment. I'll be thinking about you all.

[Edited on 11/25/2008 by lolasdeb]


sixty8 - 11/25/2008 at 07:24 PM

Less shows, less driving, and bargain hunting and coupon cutting at the grocery store. Things are tight and unfortunetly I think Mountain Jam V is gonna have to be scrapped this year. First one I will have missed since it started. I just can't justify spending 5 hundred bucks after all expenses on a music festival this year. If anything I may just go to one day of the fest which would probably be Saturday.

It is a bummer, but it is what it is right now. There are many people hurting a lot more than me though who have much more important things to worry about so I will just grin and bear it. Going to live music shows is great, but trivial compared to what many others face every day.


Bhawk - 11/25/2008 at 07:26 PM

One year ago today I was freshly laid off from the subprime mortgage business, living on the severance. Took working two jobs and a little under a year, but we are back to where we need to be. I'm in healthcare now and feel much more solid.


bobkaufman - 11/25/2008 at 07:40 PM

Forgot to mention that our giving to charities has been reduced to 1/4 what is was for the previous 3 years. I think the holidays will be leaner. I pray for those out of work or facing an uncertain future. The next year will be a tough one for many. I pray it will go fast and we can all get back to less worry


jim - 11/25/2008 at 07:41 PM

quote:
I'm in healthcare now and feel much more solid.


Try a little colace, it will get you a little more loose. Hell, you're in healthcare now, it should be easy to come by!! ;-)


GratefulSongMan - 11/25/2008 at 07:45 PM

We are neither worse nor better off from a day to day perspective as I am still working for a solid company. Like millions of others, our retirement savings took a big fat hit.

With all our troubles and challenges to our present way of life - we consider ourselves very blessed to be Americans.... I can't think of another country I'd rather live in.




sully - 11/25/2008 at 07:46 PM

in financial terms, worse off. in relationship with God terms, much better off. instead of depending on myself, i have re-learned to exhibit faith and reliance on God. that has taken a lot of the anxiety off.


Bhawk - 11/25/2008 at 08:01 PM

quote:
quote:
I'm in healthcare now and feel much more solid.


Try a little colace, it will get you a little more loose. Hell, you're in healthcare now, it should be easy to come by!! ;-)


I'm partial to bran muffins...


rottinpeach - 11/25/2008 at 08:11 PM

quote:
Less shows, less driving, and bargain hunting and coupon cutting at the grocery store. Things are tight and unfortunetly I think Mountain Jam V is gonna have to be scrapped this year. First one I will have missed since it started. I just can't justify spending 5 hundred bucks after all expenses on a music festival this year. If anything I may just go to one day of the fest which would probably be Saturday.

It is a bummer, but it is what it is right now. There are many people hurting a lot more than me though who have much more important things to worry about so I will just grin and bear it. Going to live music shows is great, but trivial compared to what many others face every day.





Susan has been doing the coupon thing. It really amazes me about how much she saves. She will have a coupon for a dollar or two off, find in on a BOGO (buy get one free) and she gets it all for a buck or nothing in some cases. She does a good bit of planning and scanning the sale papers and has to go to multiple stores to make it work. But all the stores are near each other anyways. A lot of stores here have been doing the double or triple coupons which with a little figuring you can come out with a buggy full of groceries at a very cheap price.


SantaCruzBluz - 11/25/2008 at 08:15 PM

I'm definitely better off. A year ago I was getting ready to leave New Orleans, arriving back in CA the day after Thanksgiving. I've cut expenses by moving in with a roommate. I'm self-employed, and things are slow, but they've been slow for awhile.

I'm thankful to be back home, with all my stuff out of storage, and in a house. I have a great bass instructor, and my lessons are going well. Gas prices are down, and that's a big help. I've been out on a limb for so long it feels natural, and the economy really doesn't seem to be affecting me nearly as much as some others. I learned to trust God for my needs a long time ago, and He hasn't let me down yet.


Dannyspell - 11/25/2008 at 08:33 PM

The same!


Gregallmanfan - 11/25/2008 at 09:54 PM

With gas prices down, I'm slightly better. However, my 401K has taken such a bath, it could take decades to recover.


gina - 11/26/2008 at 01:36 AM

quote:
Lost my job a month ago, still no job. My brother was laid off last week. Had to look my own father in the eyes and ask, "how does it feel to have both of your sons unemployed"? Mind you, my brother and I have always held at least a part time job since we were old enough to work. I actually had to save up money to go play golf with my bro and uncles this thanksgiving.

It's hard, being someone who is always busy, to not have a job to go to everyday. It's been hard on my marriage, social life (non existant now), and finances.

Alas, tomorrow I will spend the day in the fellowship of my family. Thursday I will do the same. I refuse to let all this make me a bitter person!


Get 2-3 low paying jobs and look into starting your own part time business, there will be loans by the Small Busines Administration to people to do that. Meanwhile you need some money so look thru the want ads and consider doing things you would not have thought about. In this economy, everybody understands.


Peachfan8 - 11/27/2008 at 04:11 AM

Wish it was that easy. Everybody says that, but many companies have not changed their hiring processes or standards. Also, many companies are not hiring at all due to lack of funds or layoffs. Jobs just ain't easy to find, even when I apply for lower paying or part time jobs, I am looked at as over qualified.


brofan - 11/27/2008 at 04:52 AM

Much worse off this year.....I'm in Medical Sales (Ultrasound for GE) and last year I had a fantastic year. This year not so much.....almost a mirror image in the opposite direction. Still have a job but GE is a brutal company (been there for 9 years) and when you reach a high mark they expect you to not only reach it again but surpass it by at least 10-20% the next year. Their expectations are completely unrealistic and ultimately unsustainable but boo-hoo....something's gotta give. The stress has been pretty awful....my boss and I used to be real good friends-BEFORE he became my boss, when we were both reps and started almost on the same day in this job...now he is beating me like a drum on almost a daily basis. It really is a shame. This is what GE expects from their managers. It really is a sad thing watching someone you really respected and LIKED as a friend become someone you can't stand to be around. Almost like selling your soul to the Devil, I guess...


bigann - 11/27/2008 at 05:44 AM

Do you think there's a possibility that your boss is getting a lot of crap from his boss and that's what's coming down on you? It's a shame to see pressures at work ruin relationships, but I can see why it's happened and why you feel the way you do. Bummer.


brofan - 11/27/2008 at 05:54 AM

quote:
Do you think there's a possibility that your boss is getting a lot of crap from his boss and that's what's coming down on you? It's a shame to see pressures at work ruin relationships, but I can see why it's happened and why you feel the way you do. Bummer.


I'm sure that's a big part of it. Even though GE has called down it's number to Wall Street and the stock has lost over 54% of its value in the last couple of weeks, do ya think they will let us lower our individual sales operating plans (quotas?) I give ya one guess-Na.

I'm not sure how you motivate someone to sell while you are telling him at the saem time what a piece of sh!t he is....but that's the GE way. Kinda like the military.

Pretty hard for doctor's private practices and hospitals to get money to buy toys like portable ultrasounds when there is no credit available....and what we sell is not an essential, like anesthesia machines or CTs or X-Ray machines or MRIs. US is an electable and as such is considered a luxury item unless you sell into the OB/GYN market-which I don't.


alloak41 - 11/27/2008 at 06:07 AM

quote:
I'm not sure how you motivate someone to sell while you are telling him at the saem time what a piece of sh!t he is....but that's the GE way. Kinda like the military.


Unfortunately that's sales, Brofan. No matter how much you produced the week before, Monday morning your right back to being a piece of sh!t. I don't miss that part of it. That and the meetings. Hate sales meetings.


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