Ok, I’m just going to suck it up and have a gloom and doom day…

Shopping to beat inflation?  I just read some advice that said to shop now.  Buy stuff now that you know you will need over the next few years.  Buy clothes for the kids, buy food that will keep, buy anything you know you will need because you will get a better return on your money than investing it. Yikes. You will be putting your money in something that is going to go up in price, rather than something that is going down.  Even earning a small percentage on a savings account is still losing money when inflation is high.

Sigh.

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Hey guys.  I don’t know if anyone noticed but I didn’t post on Friday like I normally do.  I was hoping a little hiatus from the blog would clear my head and I could think of something other than the state of the economy to write about.  I can’t.

What’s worse is that I really don’t even know what I want to say about it.  I usually try to put a positive spin on things, I take the news with a grain of salt, I try to see the silver lining.  I’ve spent time looking at those looming dark clouds and I just can’t pick it out.  Sometimes I see something kind of shiny and I think “there it is!” but then the light shifts and it disappears again.

I’ve been doing a lot of reading and for the most part I can’t get my head around the situation.  There is quite a bit of uproar about the bailouts.  I’ve already given my thoughts on that topic. But even the proponents of the bailout say that things are still “going to get bad”.

I guess that is my sticking point.  Define “bad”.  What does that mean for the everyday person?  More importantly, what does that mean for me?  Should we cancel our Disneyland trip?  (We’ve decided on January btw.)  Should we sell the truck while we still can?  Should I get a job now, in case I need one later but the unemployment rate is so high that even one opening at Walmart gets 500 applications?  Is my husband’s overtime going to be nonexistent?  Is he going to lose his job?  What is going to happen!?

Out of all those worries, the one I’m most concerned about is my husband’s overtime being cut.  We really depend on him getting a decent amount of overtime, plus it seems like it woud be one of the first things to go.  I don’t know what we will do when/if that happens.  Then of course it depends on how long he is going to go without overtime.  We use our cushion fund when over time is low.  So one, two, three months with none isn’t going to kill us.  But 6 months to a year is going to really be tough.

As far as his job… it’s a safe as any right now.  He’s the boss, so they would have to be closing down his whole site before he would lose his job.  Which may happen I guess, it’s not outside the realm of possibilities I suppose.  It depends on how bad “bad” is.

So what are your worries?  How are you feeling about things right now? Do you have any ideas on how bad “bad” is?  Do you have plans for a worst case scenario?

Pic by: Mike Licht NotionsCapital.com

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