How is the economy crisis effecting you?
Your budget, your retirement, your family, your FRIENDS families.
How is it effecting the circle you run with? Do you discuss this with family or friends?
It is effecting my family. The gas thing alone is cutting our budget! My youngest started college and is driving back and forth. I've called my aunt who lives close to the school and asked if he could stay with her a few nights a week to save gas money. The drive for him one way is 1 hour. It has already saved us $$$. The fact that he can't find a job isn't helping either. There are no jobs for young people. Even in fast food!
Food prices have effected what we eat! Have you priced CHEESE lately? A 2 cup packages of shredded cheese cost more than a gallon of milk! Food has gotten outrageous.
We have our primary home and we have a small cabin that we go to on weekends. Our primary home is paid for and has been but we do have a mortgage on our cabin. LUCKILY and by the grace of God, we are in a fixed rate situation but it's still difficult. Did we spread ourselves to thin? Sometimes it is tough but we budget and try to be careful with what we spend. Our payment is nowhere near the $1500 per month mortgages people are talking about - and at that price point with an adjustable RATE - I don't know how people are living.
Also lucky that we do not have credit card debt. I've read where the CC companys are raising limits to increase spending while increasing the payment interest as well? I see more and more credit cards being used at the grocery store.
It's all just very scarey for me.
We have some friends who are building their dream home. They have worked and saved for 15 years. The economy is blessing them in some ways since there are a lot of people looking for work but hurt them in others as the price of materials skyrockets! |
