the economy

I was wondering what/if my loyal readers are doing anything differently in their lives because of the current economic problems? Thoughts?

Brent and I are cutting back on things, eating in more (which is better for our waistlines anyway), and we have been talking about money a lot more. My current job also concerns retirement savings, so I am both concerned that we are not saving enough and worried that putting more money in to retirement savings will be money wasted. We are both really focused on paying down debt.

We have also realized that we conceptualize money differently. He likes to know where he has spent money, and I want to know how much money is left over at the end of the month: what is the amount I have left after paying all of our set monthly costs.

Figuring out how to manage money jointly can be hard, but I think we are getting the hang of it. Each couple does things a little differently.

Grammy called a month ago in the middle of the night worried that the next depression was coming: "Nicole, I ate beans three times a day then, and I don't want to do that again." Wow, not a call you want to get.

In the spirit of the season, we have decided to give away our Christmas money. We were eying this cool desk at our favorite store, when we got an appeal from The House of Ruth, a non-profit in DC. They need money or are going to have close their doors. Click this paragraph to read more about their good works."House of Ruth's vision is to enable the largest number of people we serve to achieve trauma recovery, stable housing, mental health, addiction recovery, employment and abuse-free relationships."

We don't need a new desk.

Life is not a burden for us.

1 comment:

Katerina said...

Well, I don't do many things differently in day-to-day life, mainly because I don't have a mortgage or any other kind of debt. In the UK however, and especially in London, the shocking reality is the sudden rise in unemployment, with hundreds of thousands of people having lost their jobs within a couple of months and all those people looking for a way back into the job market. And I guess that's my main source of stress these days: I have a secure job at a College, but I feel it's time to move on. So I am fluctuating between wanting to find another job, and feeling that I should stay where I am as this could be a stupid risk during this uncertain time.

Another shock here is the unprecedent drop in the exchange rate of the British pound in relation to the Euro and the US dollar. I certainly wouldn't want to be in the importing industry. If you live in the UK and you want to travel abroad, this will now cost you almost double what it cost before. So I am kind of planning on staying put for the next few months at least.