Comments on: How Has the Recession Affect You? http://moneyning.com/misc/how-has-the-recession-affect-you/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 10:57:14 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: TIP guy http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-16262 TIP guy Fri, 29 May 2009 19:02:39 +0000 http://moneyning.com/?p=2784#comment-16262 very well said, before you know recession will be over. for investing, there are the best times. for personal finance, we are getting back to frugal. once in a while we need clean ups. do we? very well said, before you know recession will be over. for investing, there are the best times. for personal finance, we are getting back to frugal. once in a while we need clean ups. do we?

]]> By: SingleGuyMoney http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-15496 SingleGuyMoney Wed, 22 Apr 2009 02:37:06 +0000 http://moneyning.com/?p=2784#comment-15496 Thankfully, the recession has not affected me very much at all. Unless I count my 401k and the decreased value of my home. I have continued to make my usual everyday purchases including a treat every now and then. I still remember how important savings are and continue to work on building my savings balance. If something bad does happen, I'm pretty prepared for it. Thankfully, the recession has not affected me very much at all. Unless I count my 401k and the decreased value of my home. I have continued to make my usual everyday purchases including a treat every now and then. I still remember how important savings are and continue to work on building my savings balance. If something bad does happen, I’m pretty prepared for it.

]]> By: Debbie Lacy, MoneyMindful http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-15474 Debbie Lacy, MoneyMindful Mon, 20 Apr 2009 15:00:39 +0000 http://moneyning.com/?p=2784#comment-15474 Although some people haven't been directly impacted, I think an overall "financial cultural shift" may be taking place as a result of the recession: --There are many efforts underway to increase financial literacy (for example, the Financial and Economic Literacy Improvement Act of 2009) --Credit and financing policies are changing and I don't see us going back to a "No credit, no problem" mentality. --Being thrifty is in. --Due to the demise of pensions and the likely non-existent social security benefits in the near future, personal responsibility for retirement is close to 100%. With so many suffering significant losses in their retirement accounts during this recession, our retirement system is being closely examined. I think changes are required to avoid large-scale poverty rates among the elderly. That said, I also know we tend to have short memories. I hope we'll make lasting changes to live within our means and make wise financial decisions (personally and nationally), but it remains to be seen if the lessons from today will be taken to heart. Debbie, <i>MoneyMindful</i> Although some people haven’t been directly impacted, I think an overall “financial cultural shift” may be taking place as a result of the recession:

–There are many efforts underway to increase financial literacy (for example, the Financial and Economic Literacy Improvement Act of 2009)
–Credit and financing policies are changing and I don’t see us going back to a “No credit, no problem” mentality.
–Being thrifty is in.
–Due to the demise of pensions and the likely non-existent social security benefits in the near future, personal responsibility for retirement is close to 100%. With so many suffering significant losses in their retirement accounts during this recession, our retirement system is being closely examined. I think changes are required to avoid large-scale poverty rates among the elderly.

That said, I also know we tend to have short memories. I hope we’ll make lasting changes to live within our means and make wise financial decisions (personally and nationally), but it remains to be seen if the lessons from today will be taken to heart.

Debbie, MoneyMindful

]]> By: Horlic http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-15464 Horlic Mon, 20 Apr 2009 06:29:20 +0000 http://moneyning.com/?p=2784#comment-15464 So far recession hasn’t affected my life. But, I will be more careful in my financial planning. From different points of view, I find that with this recession I do learn to manage my financial planning more carefully. So far recession hasn’t affected my life. But, I will be more careful in my financial planning. From different points of view, I find that with this recession I do learn to manage my financial planning more carefully.

]]> By: Imani http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-15457 Imani Sun, 19 Apr 2009 20:16:42 +0000 http://moneyning.com/?p=2784#comment-15457 No problems with the recession here either. No problems with the recession here either.

]]> By: Sherin http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-15447 Sherin Sun, 19 Apr 2009 14:17:01 +0000 http://moneyning.com/?p=2784#comment-15447 I totally agree with your article. Recession is someway best for us to think about us and our life style. It also help us to realign our life in a structured way. Even I am not able to say how many people started personal financial planning to protect themself from future recessions. As it is a macro factor, I am sure this will be come to normal later but will come again later. It teach us the golden word "Precaution is better than cure". Sherin The Money Maniac I totally agree with your article. Recession is someway best for us to think about us and our life style. It also help us to realign our life in a structured way. Even I am not able to say how many people started personal financial planning to protect themself from future recessions.

As it is a macro factor, I am sure this will be come to normal later but will come again later. It teach us the golden word “Precaution is better than cure”.

Sherin
The Money Maniac

]]> By: Baker @ ManVsDebt http://moneyning.com/misc/how-has-the-recession-affect-you/comment-page-1/#comment-15446 Baker @ ManVsDebt Sun, 19 Apr 2009 14:07:51 +0000 http://moneyning.com/?p=2784#comment-15446 If I'm being completely honest... The recession hasn't affected us almost at all. If I’m being completely honest… The recession hasn’t affected us almost at all.

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