What have you started doing since the credit crunch?
- Thread starter gdwebs
- Start date
Nothing particularly.
The credit crunch is put accross as if it's the end of the world, and whilst everyone needs to watch their spending I don't think you should stop using every day utilities such as Heating.
Basically what the Credit crunch is teaching everyone is to not take out loans for things you don't "need", and if you do need them make sure you can pay them back.
The credit crunch is put accross as if it's the end of the world, and whilst everyone needs to watch their spending I don't think you should stop using every day utilities such as Heating.
Basically what the Credit crunch is teaching everyone is to not take out loans for things you don't "need", and if you do need them make sure you can pay them back.
CyberFreak
Legendary Typer
Also it is not just about taking out loans for things you don't need, it also has made people think about the difference between need and want.
99% of people can live with no problems if they just have things they need. People aren't really spending much less on the need items but they are spending alot less on the want items. Food sales haven't really changed much but clothes sales for example have dropped alot as you do need clothes but rarely do you walk round the local clothes shop needing something clotheswise... It is always more about wanting something new not needing something new.
Personally i haven't really noticed any change to how much money i have in my bank account (which is usually not alot although it is no lower then it was a year or 2 ago) so i haven't really cut back on anything. I do sometimes think twice about buying something but at the end of the day if i can afford it and i can afford all the rest of the "need" things until i get paid then i will buy it. You only live once and at the moment everything is on sale so if you wait until things get better it would end up costing more probably so it might be best to buy now.
99% of people can live with no problems if they just have things they need. People aren't really spending much less on the need items but they are spending alot less on the want items. Food sales haven't really changed much but clothes sales for example have dropped alot as you do need clothes but rarely do you walk round the local clothes shop needing something clotheswise... It is always more about wanting something new not needing something new.
Personally i haven't really noticed any change to how much money i have in my bank account (which is usually not alot although it is no lower then it was a year or 2 ago) so i haven't really cut back on anything. I do sometimes think twice about buying something but at the end of the day if i can afford it and i can afford all the rest of the "need" things until i get paid then i will buy it. You only live once and at the moment everything is on sale so if you wait until things get better it would end up costing more probably so it might be best to buy now.
sbfc93 said:
Your one of the lucky ones then, with the 10,000's people losing their jobs because companies can't afford to keep them on, and then companies like Woolworths and MFI have closed down and its been said PC World and Curry's aren't far behind.
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