Posts Tagged ‘economy

22
Jan
09

Light at the end of the tunnel? Or the beginning of the end?

I am very concerned and troubled after this week’s announcement of Washington State’s unemployment rate (7.1%) and the recent news regarding Microsoft layoffs (1,400 today and 5,000 over the next 18 months). It feels like the situation is spiraling out of control and I’m fearful that our state’s job market will not be able to absorb all of those people for a very long time. This impacts everyone; although some more directly than others. While I am optimistic about my job, I have friends who are out of work – trying to support children and keep their homes. My thoughts are with them. I wish I could do more.

I can’t help but wonder if we’ll look back on this time 20 years from now and be thankful that we were able to turn things around quickly; or if we’ll remember it as the beginning of a long, painful haul. I’m cautiously optimistic.

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14
Oct
08

tough times.

I think it’s fair to say that everyone has in some way been impacted by the slowing economy: shrinking 401(k)s, home foreclosures, company layoffs, retiring parents, etc.  For the first time EVER, I actually feel relieved that I don’t own a home. My heart goes out to all of those people who have been laid off and can’t find jobs. They have no money to pay their mortgages and no hope for selling their homes. They must be terrified – I’m terrified for them! I have a friend who is being “urged” to relocate because her Seattle office is performing poorly. With a heavy heart – she has accepted. She’ll be leaving her husband, home and dog until times are better.

All of this has made me think about my own spending, savings, and financial plan (or lack thereof). I’m not completely irresponsible but I certainly could be more disciplined.  A few ideas I’ve brainstormed (none of which I’m committing to yet – I need to think about it more) : get rid of cable; be more disciplined about bringing a lunch to work; stop buying mochas; better educate myself on personal finances and develop a plan for me and Derek; track my expenditures over 4 months and analyze where I’m spending my money and where I can cut back; save more.

These are tough times. We all need to hope for the best and prepare for the worst.




a blog for anyone, but mostly for me.
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