So far we are doing alright, but that can change. My husband and I where both laid-off in the early 90's. We had two small children and my oldest was born with a kidney problem. We had to go on welfare just so she could have insurance. We couldn't find jobs, so we went back to school. It took 4 years, but we both finally graduated, found jobs and rebuilt our lives. At the present time we both work for school districts. Hopefully, we will stay empoyed, since my oldest has moved back home with my grandson.
We have cut back on all spending to save money just in case things change. We brown bag it for lunch. We combine all shopping trips so we can do them on the way home from work. We do not have cable and use only the antenna. We spend more time outside in the yard and less in the house. I have learned to hang clothes outside and use the dryer less, as well as I have gone to all cold water for washing. Funny, my clothes are just as clean and I now have less wrinkles too. When we do spend money it is for upgrading insulation for the house and keeping two older cars running. We have also changed our driving habits and have improved our mpg on each car.
My heart goes out to those who have lost thier jobs.
FMK
of TX
@
Nov 10, 2008 10:32:20 AM
Recession 2.0
The Great Depression really wasn't so bad either. Anyone who held a job during the 1930's didn't suffer.So, I guess that same revelation is applicable today: as long as you don't personally feel it, everything is fine.Perhaps you should interview the Repr Man or the Town Sheriff. They're employed, so everything must be great.
How anyone can look on any bright side right now, while 95% of the country is suffering is beyond me?
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
FMK of TX @ Nov 10, 2008 10:32:20 AM
May Ann Mobley of MO @ Nov 07, 2008 13:33:43 PM
Back to blog