How Has the Economy Affected You?
In a year when most stock portfolios are down at least 30% some much more than that you find that most people are adjusting their spending and work habits accordingly. Reports are coming in of shoppers preparing to spend less this year on holiday shopping. Travelers are planning to travel closer to home. And investors are looking to savings accounts and CDs before the Fed lowers rates so low banks practically can give money away for free.
Even with all that, has the economy affected your day to day patterns?
For me, I can say that my wallet hasn’t been affected yet. My wife and I don’t pull income from our stock portfolio which is good, it’s down almost 50% on the year, and we’re still able to get student loans for her and my paycheck is still getting signed. However, psychologically we’re both looking for ways, just like those people I mentioned above, to save money “just in case.”
Save money on gas, which, although it’s coming down in price, still has us trying to plan our routes better to conserve gas. We’re eating in rather than going out. We’re putting more money away in savings every month for a rainy day. And lastly, I’m starting to blog again.
That’s right, I’ve been away for so long I almost didn’t remember how to float images, or transfer blogs between servers, or… But the major difference between last year and this year is that I’ve decided to spend a little more time building content on my many blogs to see if I can increase traffic and get a little extra cash every month for those just in case moments.
It’s not that I have much more time to do so. My 9 - 5 is still a 24/7 job, meaning I’m always thinking about, answering phone calls, or emails (from my phone too), for work. But now I’m trying to make time to blog a little more and get back into the internet thang.
This means blogging early in the morning when I wake up, or blogging late at night before I go to bed. At these times I may read a regulatory document here and there for work just for fun, or gasp… even try to spend some quality time away from work. But, now I can fill that time with creating content that will build my blog network and hopefully increase traffic and earnings as I’ve done in the past.
I think this change will ultimately be good for America. Rather than people expecting to get things now or feel entitled to high salaries, bonuses, and stock options, credit that can buy them whatever they want NOW!, they’ll see that working hard, saving and then getting your reward is how you get ahead and feel success.
So, How has the Economy Affected You?
Comments
Comment from Erik
Time: November 30, 2008, 7:44 am
Aloha Atniz, sorry to hear about the economy affecting your business. What type of biz are you in?
Comment from Will
Time: April 3, 2009, 7:05 pm
The economy has made my retirement a lot less, so I am trying to make some money with adsense.
Comment from Donald | Goa Holidays
Time: June 5, 2009, 11:18 pm
I am doing a business of banking and loans, but till now I didn’t face nay kind of economy problem. It might because of my small scale business and I am concentrating on online media to acquire customers.
Comment from cartridge
Time: June 7, 2009, 10:38 pm
yes ,i alsso agree with you that some small bussiness does not effected by economey.
Comment from TIm
Time: July 22, 2009, 12:38 pm
Actually, yes it did. People are buying less stuff, not only online, and is affecting all of us. Hoping for better days soon!
Comment from muzik dinle
Time: July 27, 2009, 10:29 pm
The economy has made my retirement a lot less, so I am trying to make some money with adsense.
Comment from Dominic
Time: August 2, 2009, 11:49 pm
Actually, my lifestyle is almost the same as before. The most visible result of the world economic crisis is the higher prices of commodities that we are buying in the market. Now I need to spend my money wisely. We can’t spend for unnecessary items.
Comment from Angel
Time: August 7, 2009, 7:45 pm
Luckily, me and my family are still surviving even though the whole world are experiencing financial difficulties. Of course, there are little changes when spending money for useless stuffs.
Comment from Printing
Time: August 19, 2009, 8:20 am
Hi , Has the economy affected our business lately? For painters, carpenters, remodelers etc. Please explain.Thank you for your reponse.
Comment from emo
Time: October 13, 2009, 9:24 am
I had serious problems getting credit. It was just impossible.
Comment from Ty nuheat mats
Time: October 14, 2009, 11:36 pm
Economy has Affected me… As I’m working since 5 years for famous company. From one year onwards they reduced my salary because of this recession . Not only that extra they are taking so much of money from us for many reasons.Like Tax, travel, food, etc etc. Now Its time to spend the money with very careful.
Comment from united kingdom
Time: October 18, 2009, 12:56 pm
Good post, Your comments should not be so long that you need to highlight certain sections, short and sweet are best. I however disagree (an honest disagreement) with the bolding and attempt to highlight words.This looks like a very interesting.Thanks
Comment from printing
Time: October 31, 2009, 11:13 pm
it is really nice article on this post have a nice info……
Comment from Web Hosting UK
Time: November 4, 2009, 3:32 pm
Thankfully I have not been too effected by the crappy economy. I still have my work, still have my house, and still have my car. I guess I feel pretty lucky to have all that at this day in age!
Comment from Tiens estore
Time: November 12, 2009, 12:55 am
The economy has affected my life style the way i use to live and do things is not the same now coz with the econoomic crisis commodities in the market have increased so i watch my expenses coz i can’t afford to lack.
Comment from Al vein treatment
Time: November 23, 2009, 1:28 am
Hey Erik thanks for sharing incredible post. The Economic slowdown in last one year has affected a lot to me. I used have multiple sources of income previously but due to recession I lost some of them. I had to change my luxurious lifestyle to simple one so that, I can save some bucks for the future. I never got an idea to earn by blogging after reading this blog I have decided to go with .Anyway thanks once again for sharing.
Comment from Janice | Jobs in Abu Dhabi
Time: December 8, 2009, 1:42 am
I agree that working hard and saving will bring success. Lets hope the economy recovers soon. Blogging is a nice source for extra income however people who try this should have patience.
Comment from glutamine
Time: December 23, 2009, 1:16 am
The recession has had a substantial impact on the law industry in general and Big Law in particular. Several Big Law firms have already dissolved and many have implemented reductions in the number of their first year associate recruits, staggered or deferred first year associate start dates, or cancelled first year associate hires altogether and implemented hiring freezes for the same.
Comment from printing
Time: January 4, 2010, 5:11 am
My parents are running out of money. It forced me to become homeschooled so i will have time to get a job. and yet. NO where is hiring. SO im screwed either way.
Comment from Limoges Boxes
Time: April 8, 2010, 7:16 pm
When there is a problem in our economy all of us are affected bhecause we are the ones that will suffer of enjoy what will be our economy would be.
Comment from car audio electronics
Time: July 1, 2010, 6:36 pm
I’m placing a lot of my money in well-established offshore companies, mostly in Western Europe. I’m also investing more in hard assets, like gold, silver, and oil futures.
Comment from Personal Finance Software
Time: July 2, 2010, 1:14 am
thanks for this helpful and informative post really like this and I completely agree that small businesses is not effected by the economy…..
Comment from Web design company NCR
Time: July 10, 2010, 3:39 am
Wow! it is really a great thought on this post with have a nice article.it is really a great platform on this topic.
Comment from Seviyeli Sohbet
Time: July 31, 2010, 12:33 am
wow ! very great
Comment from used tires
Time: August 1, 2010, 1:25 am
Yeah man, the economy has hit me hard for sure, like many other’s in my area. Business in NYC is really down compared to what it used to be in the past, the city is just not the same.
Till then,
Jean
Comment from Tej Kohli
Time: August 11, 2010, 12:13 am
Yeah during recession time … How Economy effect my life …
Comment from Jacksonville Homes
Time: August 17, 2010, 7:31 pm
I think the economy is fine now, The economy has affected very badly in the real estate market, still there are many pending sales are in the real estate market. The recent study shows the pending sales will go up in 2010.
Comment from Interview Questions
Time: August 17, 2010, 8:53 pm
I think if we are talking about the economic. Then I am sure that economic is a part of our life.Its effects to every part.This is a great article.
Comment from Atniz
Time: November 29, 2008, 12:15 am
I’m doing own business and the economy have affected my business income as well. Most of my customers buying power are reduced and I’m having less business revenues. At least, it helps me to pay my bills. Saving is still too far for me. I’m glad you are doing ok with this bad economy. Welcome back to blogging.