tag:blogger.com,1999:blog-617590846825685957.post6377586134504918859..comments2023-11-24T02:53:38.343-06:00Comments on The Path to Frugality: My Response to the 1st Case Scenario - UnemploymentMarthahttp://www.blogger.com/profile/15943812281623696381noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-617590846825685957.post-78037473419907312032011-06-03T02:08:26.156-05:002011-06-03T02:08:26.156-05:00Martha, your last comment paragraph says it very w...Martha, your last comment paragraph says it very well.<br /><br />LynAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-617590846825685957.post-6202476045795318422011-06-03T02:06:38.903-05:002011-06-03T02:06:38.903-05:00Unfortunately it doesn't seem that we'll b...Unfortunately it doesn't seem that we'll be getting out of this recession any time soon. Some of the mistakes that some seem to make are:<br /><br />- Not getting out of debt, continuing to add debt, not thinking that a job loss could happen to them. (Getting out of debt will give anyone more peace of mind, and more freed up money, while employed, and especially if unemployed.)<br /><br />- Continuing to live a life of many extras. (I see way too many middle class/upper middle class folks struggling with this. Then when unemployment hits, they are lost because they are still in debt, and don't want to give up the good life they've been living all along.)<br /><br />I have felt that when this recession started, that some (not all) lower income folks (including my family) have somewhat handled things better, because we've been used to living on less all along. We are used to living with less extras, having to cut back, living a more simpler life. We didn't crumble when life continued to get more financially difficult (and still continues).<br /><br />Just my opinion what's helped us as I've seen these scenarios quite often. Better to be prepared now, then later. None of us can think it can't happen to us.<br /><br />LynAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-617590846825685957.post-43799906696813507352011-06-02T22:45:05.437-05:002011-06-02T22:45:05.437-05:00@Phoebe:
I heard on the news that we may be facin...@Phoebe:<br /><br />I heard on the news that we may be facing what they refer to as a "Double Dip" Recession or two recessions back to back. It is possible that due to high food prices, gas prices being high and more home foreclosures along with the fact that the equity in our homes is going down that we may be facing some more hard times or rather a continuation of hard times.<br /><br />My response is that this could or could not happen. I cannot control the economy, but I can take steps to protect my family. Just plug along and do whatever you can.<br /><br />Don't live in fear, make a plan and cut back and continue to put some money in the bank for that "rainy day."Marthahttps://www.blogger.com/profile/15943812281623696381noreply@blogger.comtag:blogger.com,1999:blog-617590846825685957.post-52026779227933508262011-06-02T08:21:55.378-05:002011-06-02T08:21:55.378-05:00okay so after reading your original post I've ...okay so after reading your original post I've only done the following: I transferred more money to our savings account. It is pitifully low. My spouse being a state employee and the state making major cuts may just be affected by this whole mess. Plus just read an article where a man was quoted as saying we are on the verge of a major major depression. Don't know if this is just rhetoric but I did read it.Lee Annhttps://www.blogger.com/profile/01146224020825165005noreply@blogger.com