in these ‘crunch’ times….still spending?
i’m saving, but mainly because my income is greater than my outgoings at the momnt, and i’m not buying stuff for the sake of it.
Might be off on assignment fairly soon, say helo to my quartet of friends the 60hour week (20 hours paid overtime 🙂 ), relocation allowance, pay uplift, and moving to a coutry that ha propper weather (Australia).
On the downside the location is about 1000 miles north of PerthPosted 9 years ago
O the pluss side i saw a pic that makes it look like a giant sandstone skatepark composed entirely of 20ft fun box’s 🙂el_boufadorSubscriber
My spending this year has been more than usual, but only out of necessity really (wedding, dead car, finish house renovations). Nothing extravagent.
Can’t understand why money burns a hole in people’s pockets. I’d much rather save up and retire early than spend it all on crap I don’t need, or really even want that much. People should apply more cold hard logic to their purchases IMO (which is part of the reason why the economy is in this mess)Posted 9 years agoel_boufadorSubscriber
Question I always ask myself before spending: Will spending this money make me happier?
Almost always, the answer is “No”. So I don’t spend it.
For example I have been pining after a new car for a few years, but holding off because the answer to the above question was always “No”.
The old car eventually became beond economic repair (would have been > £500 to fix £200 worth of car).
So I went out and bought myself a rather nice car. The car is exactly what I wanted, no compromises (Octavia VRs). It’s lovely to drive, very fast etc. etc. brilliant.
Am I happier as a result?
PS I understand this may not encourage us all to spend our way out of this crisis!Posted 9 years agoziggyMember
Yep still spending, however I don’t have a mortgage or debts.
Just bought a new big fook off TV, new forks to escape the price rises, and next up is a car, gonna wait until I have some more saved though.
There’s good deals around if you have the cash, or at least that’s how I justify my spending.Posted 9 years agotakisawa2Subscriber
After much deliberation I ordered an XBox360 yesterday, but had to plumb for the “pikey” Arcade version. Had some vouchers from work so cost £100 in the end. Should make me happier for a while.
Just need to sneak the thing into place under the TV while the Mrs is swimming/Mums group lunching with the kids later.!!!
I lashed out £13 to do a tubeless conversion a few weeks ago. That was probably the best £13 I’ve spent in a long time. Should have gone tubeless a long time ago.Posted 9 years agoHob NobMember
Not spending on luxuries as such, we’re approaching the end of a house renovation so there are some outgoings there.
Bikes are all working at the moment (bar a headset for mine) so no need for upgrades.
Other than a summer biking holiday to the Alps & a few races, spending will be tempered to allow for the cool down/recovery period from the house work, which will be maybe 12-18 months.Posted 9 years agoCaptain PugwashMember
Well I have to confess that I haven’t stopped spending, I had a bonus this month for doing my target last year so I promptly went out and brought a Wii and wii fit and a blueray dvd. For sure I could have saved it but savings are worth bugger all at the moment. We aren’t really effected by the recession at the moment. My wife and I both work and have reasonably good jobs and we have seen our repayment mortgage go down saving quite a bit of money. As for job security I kind of think if I loose my job I’ll go and do something. Been there before (in the last recession) and I’ve no doubt I’ll be there again before I retire…. “Thats life” or as my son says “keep moving forward daddy” (I think thats from a movie the Robinsons)Posted 9 years agoslowclimbMember
If we were all to stop spending then we will be really, really f*cked!Posted 9 years ago
I really do believe to a certain extent the medias prophecy of financial doom is a bit self fulfilling. I know loads of people are losing their jobs, i know a few here, but if we all stop spending we are all going down 😥
I blame Robert Peston 🙄
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