Savings hurting?

@jdeforge (224)
United States
April 28, 2008 10:35am CST
Has your savings suffered with increased gas/groceries costs? With the interest rate cut on my savings, and increased costs on my gas/groceries I just can't seem to put any money into my savings and save!
2 people like this
4 responses
@ebsharer (5518)
• United States
28 Apr 08
I had to cut my savings down. We save X amount for each of our 3 kids every month along with X amount for us. We cut our kids amount in half and our amount by a quarter.
1 person likes this
@jdeforge (224)
• United States
28 Apr 08
Isn't it scary that we're having to do that? I mean here are saving and saving, got a good thing going, then without any change in what we need, we have to cut savings down. Scary.
@Badams (90)
• Canada
18 May 08
I definately noticed that it was much harder to pay the bills and loans when gas started increasing. It takes a big toll on your wallett. Until my recent promotion I was just barely getting by.
@Elixiress (3893)
10 May 08
I am only 17 and live at home, so I don't yet pay for gas and groceries. I have found that my savings suffer from the increasing cost of provisional driving licenses and passports, which I think could possibly be linked to the increase in gas costs and how the government want to decrease carbon emissions by putting people off travelling.
• United States
28 Apr 08
Before my hours got cut, I was doing pretty well with all my bills. I just bought a car a few months ago and used part of my savings for that. But, I haven't used any of my savings, other than an amount I had set aside for a certain purpose, since then. Now, however, I am working less hours and making fewer sales of my artwork, so I'm going to have to use my savings. I think we're all pretty much in the same boat right now.