I must admit I have started to feel the pinch when credit crunch first started probably around 7 or 8 months ago. Higher energy bills, rising groceries bills and in general increased cost of living.
And this current economic recession is really taking its toll with higher unemployment statistics, mortgage repossession, big banks collapsed, business closing down and so on so forth. On Radio 1 today, it was also mentioned that there has been a sharp increase of people under 25 out of work. People are made redundant everyday and for the past few months I have been hearing the same headlines in the news where many companies are making job cuts in order to cope with the current economic turmoil.
Very recently, in fact only yesterday, I found out a good friend has just been made redundant.
And today, I could not help myself from thinking what if it happens to me. The first and obvious implication will be the devastating effect on the financial aspect and I could not even dare to write further on the rest.
Save save save....spend wisely, and cut down any unnecessary spending, this is what I am trying to practise. Or perhaps be an utter cheapskate if I have to. Because we never know what will happen.
But my mind is still dreaming of owning this gorgeous long Zara winter coat that I tried on last 2 weeks.
On the same main issue, I am still trying to finish off reading this long and extensive piece of article from The Independent.
On the same main issue, I am still trying to finish off reading this long and extensive piece of article from The Independent.
1 comment:
Everybody is feeling the heat today even in Malaysia. I hope nothing bad will happen to you. We are still safe here in our company as we are semi-govt body. I understand how it feels to lose a job. I can't even live without a month salary.
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