Recession - What do you stop and what to keep spending on?

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Recession - What do you stop and what to keep spending on?

42 posts & 36 voices | Started 3 years ago by WorldClassAccident | Latest reply from steve-g

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postierich - Member

Trying not to spend but not doing to well at all.
On a 6 mth mortgage break,done a lot around the house new tv furniture and tried to pay the credit card off but failing miserabley.
Child care eating into our cash no relatives so £680 a month for 5 mornings
Sascha(new job) commutes 90 miles a day and her car has just blown the head gasket and bent other stuff, so now hiring a car £100 a week!!!

Test driving some vw on Monday with a chance of purchasing a new one :-).

Just bought some oakley radars @ cost,selling bike stuff @ the moment and buying no exotica

Posted 3 years ago #
ton - Member

trying to stop spending so much on bikes................

Posted 3 years ago #
mrchrispy - Member

no change here. spend on credit card and pay it off in full each month, mortgage repayments remain unchanged so the with the reduction in interest we've effectivly increased our capital repayments.
assuming jobs remain stale things are not looking too bad.
infact work are just starting with cycle2work so im looking at ways to blow a grand.

Posted 3 years ago #
rustydub - Member

Since being made redundant at the end of Feb, and with a long term health condition, little prospects of finding work, our spending habits have changed drastically, with only my wifes part time earnings supporting us. Also have to lads in uni that we are trying to support
Luckily I saw it coming and stocked up on bike stuff before being laid off, also the £500 worth of LBS vouchers given to me by my company on leaving, has definately helped
Some may think we are in dire straights but I just like to see it as another of life's challenges.
No big purchases such as new cars, TVs or foreign holidays for us anymore, we have gone into survival mode!
I may even take you up on the cheap http://www.bigbikebash.co.uk/event_details_competitions.php tickets WCA

Posted 3 years ago #
molgrips - Member

It's all about getting them in a routine &...

In four long weeks I've discovered that when people tell you what to do with your kids, it's only based on what they did with their kids and regardless of how absolutely sure they are that their way was perfect, it depends entirely on the kids and adults in question.

As for the topic, I've trimmed down everything I can and was saving for the last few months so I could live whilst off work. Need a job in the next month or so tho, really. Otherwise it gets interesting.

Posted 3 years ago #
NZCol - Member

Just being a bit smarter than normal but am in a relatively good position in having cash in the bank and no mortgage on two incomes. Saying that though we wanted to shuffle some furniture around and got everything we wanted off an auction website for $300 instead of about 2.5K so that was a good move. Buying wine by the casenow and negotiating discounts, ditto beers, bulk buying bog roll and stuff. But not panicking. Thing is, on Sat night we threw a party (for our recent wedding) and of the 10 self employed people there who own businesses not one said that they had seen any downturn at all ?

Posted 3 years ago #
steve-g - Member

Stopped: spending money on drinking, eating out, smoking, holidays, gadgets, clothes, the gym, mobile phone.

Started: spending on baby stuff

Posted 3 years ago #

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