Comments on: Poll: How Are You Coping With the Recession? http://genxfinance.com/poll-how-are-you-coping-with-the-recession/ Helping a unique generation achieve financial independence. Thu, 09 Feb 2012 03:12:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: pays to live green http://genxfinance.com/poll-how-are-you-coping-with-the-recession/comment-page-1/#comment-121100 pays to live green Thu, 16 Jul 2009 13:36:32 +0000 http://genxfinance.com/?p=1623#comment-121100 I am in general frugal in my life, no matter what job I have had or during any economic time. It's interesting to see people curb their spending habits only after they lose their jobs. Being prepared for such a situation is key to making sure that you can afford the essentials during any time. I am in general frugal in my life, no matter what job I have had or during any economic time. It’s interesting to see people curb their spending habits only after they lose their jobs. Being prepared for such a situation is key to making sure that you can afford the essentials during any time.

]]> By: Savings Accounts Girl http://genxfinance.com/poll-how-are-you-coping-with-the-recession/comment-page-1/#comment-121088 Savings Accounts Girl Wed, 15 Jul 2009 23:59:04 +0000 http://genxfinance.com/?p=1623#comment-121088 In general I think I try to be as practical with my spending as I can whether in a recession or not. I still go about my life (spending wise) the same as I would have in times of economic growth. In general I think I try to be as practical with my spending as I can whether in a recession or not. I still go about my life (spending wise) the same as I would have in times of economic growth.

]]> By: Jen http://genxfinance.com/poll-how-are-you-coping-with-the-recession/comment-page-1/#comment-121084 Jen Wed, 15 Jul 2009 18:24:20 +0000 http://genxfinance.com/?p=1623#comment-121084 I picked More Frugal, although I initially was going to pick Changes to the Budget. The only budget items affected were my mortage payment and my vacation expenses. I refinanced in December to a lower payment, and I decided against taking any major trips this year in order to save money. Everything else is roughly the same. I'm even eating out more because I haven't been bringing my lunch to work. However, I am being more mindful of how I spend my money, and I am consciously saving any surplus at the end of each month. I picked More Frugal, although I initially was going to pick Changes to the Budget. The only budget items affected were my mortage payment and my vacation expenses. I refinanced in December to a lower payment, and I decided against taking any major trips this year in order to save money. Everything else is roughly the same. I’m even eating out more because I haven’t been bringing my lunch to work. However, I am being more mindful of how I spend my money, and I am consciously saving any surplus at the end of each month.

]]> By: Shannon http://genxfinance.com/poll-how-are-you-coping-with-the-recession/comment-page-1/#comment-121080 Shannon Wed, 15 Jul 2009 15:42:06 +0000 http://genxfinance.com/?p=1623#comment-121080 We're doing OK. Since we did not participate in the credit madness, we're now not really participating in the recession, either. My job is likely to be cut within the next year, but since we have lived frugally to this point, I plan to become a stay at home mom when my first is born in October, anyway. Our current focus is building our emergency fund and we hope to have it completely topped off by the end of the year. We’re doing OK. Since we did not participate in the credit madness, we’re now not really participating in the recession, either. My job is likely to be cut within the next year, but since we have lived frugally to this point, I plan to become a stay at home mom when my first is born in October, anyway. Our current focus is building our emergency fund and we hope to have it completely topped off by the end of the year.

]]> By: Hickepedia http://genxfinance.com/poll-how-are-you-coping-with-the-recession/comment-page-1/#comment-121077 Hickepedia Wed, 15 Jul 2009 15:16:22 +0000 http://genxfinance.com/?p=1623#comment-121077 Panic - because my job is shortly to become one of the statistics of the free-falling economy, and is getting outsourced, despite assurances as late as two months ago that we were meeting all our targets and in no danger of same. It just goes to show you that you really can't recession-proof a job. No one is immune, anyone can lose their job. At least I have several months of severance benefits on which to fall back while I figure out what's next. Panic – because my job is shortly to become one of the statistics of the free-falling economy, and is getting outsourced, despite assurances as late as two months ago that we were meeting all our targets and in no danger of same.

It just goes to show you that you really can’t recession-proof a job. No one is immune, anyone can lose their job. At least I have several months of severance benefits on which to fall back while I figure out what’s next.

]]> By: Goran Web | NetAge http://genxfinance.com/poll-how-are-you-coping-with-the-recession/comment-page-1/#comment-121078 Goran Web | NetAge Wed, 15 Jul 2009 14:35:00 +0000 http://genxfinance.com/?p=1623#comment-121078 Diversifying is key to survival in uncertain times. Keeping all your eggs in one basket is definitely not the way to go forward with much confidence at all. Diversifying is key to survival in uncertain times. Keeping all your eggs in one basket is definitely not the way to go forward with much confidence at all.

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