Comments on: The Economic Crisis Hasn’t Affected Me. Should I Be Worried?

By: LisaNewton

LisaNewton — Tue, 14 Oct 2008 04:48:05 +0000

Money is everyone’s concern, and I try to cut corners where I can, but thank goodness, my exercise routine (which is mostly walking and weight training at home), is free…………….:)

By: dc_publius

dc_publius — Tue, 14 Oct 2008 02:33:44 +0000

A good chunk of money did disappear from my 401k, but most of my investments are cash right now. Since I’m not a homeowner, I want the housing market to crash as hard as possible because that ultimately benefits me as a near term home buyer. So no, I’m not stressing it.

By: Anya

Anya — Tue, 14 Oct 2008 01:53:41 +0000

I’m with you. We just bought a house (small, cute, and far below what we qualified for and very much within our means) and thanks to the failing economy, got a very nice FIXED interest rate. I don’t drive much, only to the train station, so no pains at the pump, and even with hubby driving, it’s still within our budget. Hubby’s a teacher and I’m a tax accountant, so no worries there. We’re actually spending less on groceries now than before. Of course it helps that we live in a state that’s, for the most part, immune to the country’s economic woes. We have very low forclosure rates, no income tax, and a thriving economy. But we’re preparing for tough times. We’re on a mission to pay off our student loans, so that if we’re ever affected, we’ll manage.

By: Fishing Around

Fishing Around — Tue, 14 Oct 2008 01:31:29 +0000

I really don’t worry either.

It’s mostly given the fact that I used to drive sixty miles to and from work a day. Now I only live about two miles away thus only filling up once or twice in a month.

It’s heavenly.

By: Lullaby

Lullaby — Mon, 13 Oct 2008 17:46:46 +0000

I am exactly where you are. My only concern is, if I want to change jobs, there will be less options as companies might be recruiting less in the next months. But I guess I can live with that!

By: katiebeez

katiebeez — Mon, 13 Oct 2008 17:19:21 +0000

Worrying will do no good. I agree. But I kinda disagree that you don’t have to plan ahead when you are in your 20s. I don’t think someone in their 20s should be worried about the current state of the stock market per say, but in your 20s you can gain skills that can make you or break you for in your 30s/40s and on. Work hard, play hard, or something like that. Just my 2 cents.
Ciao!

By: [F]oxymoron

[F]oxymoron — Mon, 13 Oct 2008 16:34:04 +0000

I just put it all in perspective… even in a major recession we’ll (most Americans reading this) still be better off than the majority of the world. We may not like the relative reduction in quality of life, but it will still be better than the way the majority of the world lives.

By: Alison Clarke

Alison Clarke — Mon, 13 Oct 2008 16:09:05 +0000

I worry about my parents. I make more than them yet they are the ones on the cusp of retirement.
At the same time, being in school while working full time, I wonder if this is the best time to try and attempt a career change. I had family help the first time around in school, but as a returning student I’m all alone on the cost. It’s not exactly the best time to think about a loan, but it’s hard to accept that a rough economy would stand in the way of pursuing a goal. It’s definitely causing more careful consideration of financial choices even if I am young and without commitments – except to my dog. (priorities.)

By: Vered - MomGrind

Vered - MomGrind — Mon, 13 Oct 2008 15:57:01 +0000

I’ll repeat what I said on BlogHer – you are young enough that you should not worry about losses in the market. But since we don’t know how bad it will get, it’s definitely a good idea to take advantage of low interest rates to pay down debt (if you have any), to make sure savings are FDIC insured, and to be as frugal as you can.

By: Carolina Girl

Carolina Girl — Mon, 13 Oct 2008 15:54:20 +0000

I’ve been trying to tighten up the belt, but overall I haven’t made any huge changes. I feel like I should though.