It’s a depressing subject but how has the nature of the economy affected you? The economy has been bad for quite some time and Obama says it’s going to get worse. Michael and I spend a lot of time and money on entertainment, whether that be going to see a sporting event, movie, concert or going out to dinner. Concerts will definitely be a cut back and going out to dinner also unless for special occasions. I know we will be spending more time at home watching our Netflix movies than going out. I am also trying to hold out from buying a car for as long as I can. I have had my car for 6 years and it’s been paid off for almost a year and I would love to get another year out of it, for the sake of no payments alone. I feel mostly secure at my job, even though the industry is becoming more unstable. (Commercial Real Estate) And when it comes to my 401K, I hate to even look at what I lost through this whole year. In my one 401K account, my “rate of return” was -45% for 2008. Aggressive vesting while still being relatively young hurts! Have you felt the effects? How? What are you doing to cut back, if at all? Do you feel you are safe in your job?
Other TFT posts: