What's your response to the financial woes?

Saturday, Oct 11, 2008 - 12:11:26 pm CDT

What are you doing to shore up your financial future or hold on to what you've got in this current financial morass?

Leave a Comment

All posts are subject to our Terms and Standards.
Your posted comment will appear after it has been approved.
   
Jack
Oct 12, 2008 12:54 PM
Well at least we can't blame this on our city council.(unless they keep giving 8% pay raises, we might be in the same boat.
citizen_caine
Oct 12, 2008 2:09 PM
what financial future would that be? The closer to an obama win the further the markets will tank....
too many kool-aid drinkers playing American idol this election. plus the election fraud that has taken place..too crazy for words!..how will you feel if we elect a man for president that is not an American citizen? I already did what i could do ... got out of debt! Think I will start a new business...smuggling people into Canada lol!
Katie
Oct 12, 2008 4:06 PM
citizen_caine.........where have you been? I guess you don't remember the voter fraud in the Bush-Gore election. Voter fraud has gone on as long as there have been elections. Do your homework. As for our fair city, the ward bosses used to go around offering $1 for whoever would vote for their candidate in Columbus, and many took it. That was way back in my mothers day.
Klem
Oct 12, 2008 5:01 PM
Dang, Katie. I don't remember that. Must have been a long, long time ago because I've been a registered voter for forty years this month.
citizen_caine
Oct 12, 2008 5:26 PM
Katie i do my homework...that is why i got out of debt! some of us knew this day was coming. Saw how little was done in addressing the freddie and fannie way back in clinton's admin. As for the voter fraud ... fraud is fraud no matter who does it! I think they should be all prosecuted...and as i recall a dem got caught with a voting machine in his trunk in florida loaded with ballots. Just because someone did it way back when does not justify it being done by anyone else..ever and they should never get a pass. The vote is the most sacred right in a free society. We were still having a hissy about hanging chads when 911 happened. We must always be vigilant and never look the other way when it one of our own party!
buylow
Oct 12, 2008 9:31 PM
I have several CDs expiring in the weeks ahead, and plan on investing in mutual funds. I'm confident things will get better when Obama is elected.
Marwie
Oct 13, 2008 8:03 AM
We sat down and listed our income vs our expenses. The expenses were divided into wants and needs. WE elimited the text package on the cell phone, dropped the internet to basic- did the same with our TV service. Just sitting down for 30 minutes - we elimited about $250 of unneccesary expenses. I was amazed to find out just where all of money goes! Lattes- fast food trips- WOW!! We are not renewing our mazagines subsriptions- With christmas quickly approaching- I am even thinking about getting a Part-time job. Our weekly grocery bill increased by $50!! Somethings got to give!
Keynes
Oct 13, 2008 11:43 AM
The only way out of this is for eveyone to spend, Spend, SPEND! Jump start the economy. Only don't borrow to do it.
Reality
Oct 14, 2008 7:14 AM
Spending is what got us into this mess. We all want what our neighbor has and more so we borrow, borrow, we buy everything on credit. Prices for TV's are listed on monthly payments, we buy our diapers on credit. Capitalism does'nt work because it is a continuous spending spree. We need a balance and we will have to reduce to discover it. If you have not noticed the US banking system has just been put into the hands of Uncle Sam. United States of France???? Nationalizing our banking system, we have become a semi socialist country under one of the most non-socialist administrations in history. We are not alone in this world, only 5% of the world's population and we think, as Americans that we are alone. Where are your shoes made, your TV, who gets this borrowed money that we spend? Not US citizens, Chinese, Vietnamese, Saudis. Who does the US goverment go to to borrow from: China, India, Saudi Arabia. It's a cycle that just get deeper and deeper and .... Save your money, try it and see the power it has.
Katie
Oct 15, 2008 5:17 PM
One way I saved almost $400 a year was to give up my regular cell phone and get a pay as you go Virgin Mobile. You can totally control how much you spend as long as you give up just shmoozing on it.
Go to thrift shops for some every day type clothing for yourself and kids. Cook more from scratch. Easy one. Crockpots are coming back in style for those who have to work..... and who doesn't? Cut back to basic cable for awhile. Ride a bike to places that are not too far. Car pool to work , even one day a week, saves.
There is a downside to this of course. The less we spend, the greater chance of job losses. Restaurants all over the country are already experiencing this, as well as other segments of the economy.
What will Nebraska do if alot of immigrant workers leave to go back home? The report in todays paper shows the positive impace they have on Ne economy since Ne is a state with a small population. Who will fill the jobs they leave? Auto workers from other states.? As families became more affluent, the size went down, and grown children leave to go elsewhere. One thing impacts the other, so I pity the next president, who will inherit this horrible economy and be hated no matter what they do.
Trudy
Oct 18, 2008 6:00 PM
I feel its gonna be a economic sunomi on the world. When Wall St. sneezes, the world catches a cold well Wall St. has had a 2 week long earthquake and we seen in 2006 what happens when an earthquake happens in the middle of the ocean. A wall of water bearing down on us. Here we had a earthquake in the middle of the financial sector of the world. This will be a wall of inflation instead of water because of the help of our federal government.
Dude
Oct 19, 2008 9:25 AM
I think it great, I rich so I buy a ton of stocks for cheap! Ha ha ha! Too bad for you!