Economic Crisis How You Face It?

@julyteen (13252)
Davao, Philippines
May 7, 2009 7:24am CST
We experience economic crisis lately. No exception even rich countries struggle the hardship of their economy. As individual, it is more difficult for us to manage specially our budget for needs and wants. A lots of strategy we use to overcome the crisis. In your own way, how do you manage this situation?
1 person likes this
8 responses
@stephcjh (38473)
• United States
10 May 09
It is a daily struglle for us. My husband and I work seven days a week to try to help the situation.
@julyteen (13252)
• Davao, Philippines
10 May 09
it is a very hard situation we are all facing now. We make our best to fight the crisis. So we need to adjust our lifestyles and live simple life but if you have enough money so still you can do all things you want.
@wolfie34 (26771)
• United Kingdom
7 May 09
Well for starters I use my car much less, previously I would use my car regularly, now I use it probably once a week sometimes even less, I tend to walk more even to the gym I have saved a fortune in petrol. I have also stopped buying cds and dvds and I don't go out as much as I used to, I tend to prefer to stay in, most of my entertainment or free time is taken up at the gym, I pay one price a month and go as many times as I want again that saves me a lot of money too. There are many frugal ways to save, just do it in moderation and you will be surprised at how much you can save each month.
@julyteen (13252)
• Davao, Philippines
7 May 09
A very nice idea being shared to me mate. I missed all my friends here, i am out for a couple of months but now i am back. The crisis we are facing now is dangerous. We must change immediately to cover up the loses that might happen to us if we take it for granted. We need to change our lifestyle. Although it's hard at first but constant doing will make us more comfortable. Thanks for dropping us here.
@lynboobsy11 (11343)
• Philippines
7 May 09
As much as possible I spend my money wisely I just bought only things that are necessary specially food and other basic commodities products. I can used products that are cheaper but with quality products I can adjust my budget as much as I can. As the economic situation all over the world I think we are the only one who can contribute more so that we can help our country even all over the world.
@julyteen (13252)
• Davao, Philippines
7 May 09
basic commodities is our main priority nowadays. Clothing might be the second. I admit never go shopping since January 2009.
@reds08 (305)
• Indonesia
7 May 09
This global financial crisis absolutely have brought bad effects to many people. I do many things to face it, at least to minimize its effect. I lessen the use of electricity, turn off all unused electric stuff. Try to be as efficient as possible like not shopping too much, use bicycle to replace car when go to quite near place,etc.
@julyteen (13252)
• Davao, Philippines
7 May 09
minimizing power consumptions is also a great help. I also did this lately. Cross cutting from electricity to Gasoline.
@net_ankit (643)
• India
7 May 09
I am living in India, I don't facing any economic crisis till now but other peoples I know whos facing recession in job, in Sharemarket, in business. My friend also lost his job of outsourcing company and after 1 month he got new job. I am scare little bit because I am in Computer networking & IT sector facing big recession problem.
@julyteen (13252)
• Davao, Philippines
7 May 09
I think computer related jobs such as IT sector are not closely affected with the latest recession. Unless, job competition might the cause. Be prepare yourself as early as possible.
• China
7 May 09
Financial crisis is becoming more and more huge in these days and my company just deciside to fire some staff. Although i am not in the list today but i worried may be tomorrow i will lose my job. So i work overtime but with the same salary.Only buy something necessary and i haven't bought clothes for this summer and just wear thoes that i bought last year.
@julyteen (13252)
• Davao, Philippines
7 May 09
Better you are ready to face the challenge. You are right we don't know what happen next. The best thing we can do is to prepare ourselves, if that will happen to any of us atleast we are prepared.
@sonusd (1547)
• India
7 May 09
If you beleive me I want to share my personal experience what I have faced after recession that is I have lost my job and after loosing job there are so many changes happened in my life because now my pocket is empty so I can not go out side of my house I can not spent much time with my friends and I have to reduce the purchase things which is very essential in daily life so I pray to god that I get a job soon so that I can maintain my life again in a good way
@julyteen (13252)
• Davao, Philippines
7 May 09
i experience recently that i always stay on my room to minimize expenses. Even my computer when i am bored i turn it off to minimize power consumption. Instead of using my motorcycle i prefer to walk if it is a short distance. I think we need to change our lifestyles just to survive this crisis.
@umamahe (99)
• India
7 May 09
economic crisis is felt throughout the world and we are no exception. I try maximum to avoid spending money in unnecessary buying. I have reduced going out for tours and eating food in restaurants. I am trying to save money as much as possible as i don't think the economic slow down will get alright for another couple of years. So i advice everyone to save a part of their earnings from now on.
@julyteen (13252)
• Davao, Philippines
7 May 09
Good advice mate. We need to save for the future use. We do not know what happen next to this month, year or so on. Buying unnecessary things might add your burden.