World Financial Crises Affecting you?
 

So there have been multiple threads on the state of the economy world wide and many other financial discussions. So im wondering is the financial crises affecting you? If so how? What are you doing to get by? and/or any other relevant information about the topic. Also, state what country you live in since we have such a diverse group here:vsign: .

Lets try to have a discussion and not the usual BS please.

Basically, no. I'm a student, and I currently don't have a job. My parents are quite well off and neither of them have jobs that are really under threat at the moment. I have a lot of savings too, and I don't yet own any property.

My only financial worry is how I will pay for university. I am not entitled to any bursarys or grants so by the end I will be in potentially £20,000 worth of debt. Each year at university is around £3500, So that's approx £10,000. Then for the course I'm doing I need a macbook, around £1500, software could even total as much as £4000 and then there is everything else, art materials, travel etc. I have no idea how the credit crisis will effect student loans but they are pretty secure.

Woot for being a high school student with no job. (its not affecting me)

Thing a little tight but I manage just fine

Everything is peachy with me... I'm a student, I work during the holidays, and I spend just over 5000euros a year (food, rent, health expenses) for a pretty comfortable life. I have savings in a few different countries, so for the next 2 or 3 years, I will not feel the effect of this Crisis, unless it gets to the point where the worlds main currencies (Euro, British Pounds and Chinese Yuan) become totally worthless. I somehow don't see that happening... The pound has become pretty crap, but for me I feel a stronger buying power with the Euro and Yuan... Things are cheapers for some reason!

Well I'm just starting up in the world, I still live at home, (but I pay rent and food) and I make about $828 a month. But lt me put it to you this way,

I have a $450 Christmas bonus and I had to pay $600 taxes on that bonus so I end up only making about $628 this month. I might get that back come tax time. I can see how this is affecting people. And I hope this new administration can give the economy the swift kick in the rear it needs.

Asakura, if you don't mind me asking, are you working full time? and what is your job?... if it's too personal, don't answer!

I work full time as a night stocker for the most evil, demoralizing, American conglomerate the world has ever known. I bet you can guess who it is. I'll give you a hint Minimum wage, Lousy benefits, and no overtime. :D

(I'm looking for a new job)

Just realized I didnt give my story. Things a little tight for me as well but im doing ok. I work for Mercedes Benz and yes we have been affecting by the downward spiral of the auto industry but we are doing much better than the big 3. My dealership slashed so many things to save money and they did that so they would not have to lay anyone off. All managers too a 10% paycut so no one would lose their job. No overtime allowed unless given permission. My company no longer matches 401K for the next 6 months.

None of these things really effected me. Im the exception to the rule of overtime because i have two positions that no one else can fill so i work almost 12 hours a day. Money is good so i cant really complain i still have a job but right now everything goes into savings no spending frivolously.

Well, I for one am struggling. I'm a full time student with no job. My boyfriend works full time to support us. My school is paid for by the government (one of the only good things about being po). I've been trying to get a job for months but my schedule with school is so crazy and no one wants a part-timer who can only work for 2 or so hours a day. I'm pretty sure I might go donate plasma this week. I'm so ready for the holidays to be over.

I can totally sympathise with that. When you say it's difficult to get a job people think your just slacking off, but since there are so many unemployed people who can work full time and any time, they don't want a part time student that has to take days off for university open days, exams etc. I'm 18 now so it's not like they are allowed to pay me less, either.

I'm a full time student, at uni, I feel really bad asking my parents for money, I have no job, but my parents are really struggling a little right now. >.<
(my parents own restaurants and properties around england and asia.)

I think with any sort of chinese food outlet, Business has gone downhil because we're regarded as unhealthy fast food and hence a waste of money [but its a really nice restaurant-all cooked fresh >.>] and no one has enough money to eat out as much, so the businesses are hit. [i help out with accounts, waitressing, writing up letters, going through receipts]

I'm still studying but I survive with a part time job as a freelancer. I take jobs that people need doing, i.e. using Action Script, Java, XHTML and so on. Apparently freelancers will be in demand but I dunno how reliable that information is.
Either way, i'm hoping this "crisis" doesn't last. It'll be difficult as hell getting a job once i've finished my degree since even people with long term jobs have been getting made redundant. I'm not too fussy what job I do get since i've never really planned on a career. A crisis just makes it less likely that i'll change my mind about that anytime soon.

Do your parents deliver? Delivering food is all the rage these days.

Chinese is my favourite! Yummm :D

Sorry to hear about your situation though Yinnie, I don't like asking my parents for money either :/

Yup, delivery drivers are the bitch. >.>
i got about two fired cuz that backchatted me.[they did so violently]

Haha, i get to eat free. =D
Yeah, but the financial crisis is so harsh on the service industry? :mad:
Tesco's is extortionate, One pasta ragu sauce =£1.40
it used to be £1.20
>.< I'm a poor student. 20p counts. XD


//offtopic
I own one chinese, and one sushi bar [wouldn't call it japanese- would you call tesco sushi japanese? can i say, Japanese-like? but my dad makes some yummy sushi-looks pro-he went on a a few sushi courses-he KNOWS people O.o]

Yeah... 5 20ps make a pound! It all adds up...

I'm really tight to be honest, but when I spend vast amounts of money it's on things I don't need >.<

I'm one of those people that thinks others are slacking off (not you personally because I saw your efforts with asking help with your CV etc)!! I think it's because I've never had a problem getting a job. Throughout college, I worked at Gamestation to save money to pay for Uni. In France, I don't work, but everytime I looked for a job, I found one... I worked in a Chinese restaurant, Pizza delivery guy (for 2 days, Never take this job in winter, lol) and for my brothers company! I also work every summer holidays. I never have a problem finding a job for the summer because I apply 6 months in advance. Like, a couple of days ago, I've started my applications for jobs for summer 2009.

I think that even with this crisis, there are lots of jobs available. Especially for students. We're so cheap for companies, and most of us tend to do pretty good work as we mainly do it for a good reference... I think people should apply to dozens and dozens of jobs months in advance and be patient. There is no reason why I can find a job and other students cant!

Well now I'm 18, I'm not cheap anymore, I've applied so many places I just can't understand.. the only interview I had, they fucked up, and didn't put that you had to be 18 to work in the petrol station, and the interview was like a week before my birthday which was very annoying. I've handed in my CV at over 20 places but nobody wanted me! Saying that... my town, the shops are not very popular and they've knocked a whole load of places down so at the moment it's really dead. Even at this time, it is NEVER busy...



;_; annoyingness.

Where did you live when you had all these jobs?

Being 18 doesn't make you more expensive, lol..! You're talking about the difference between 16, 17 and 18. That's pennies for most companies...

What I meant was, you'll find that a lot of companies are laying off people that have been with them for many years. These people cost a lot, and are easily replaced by people who will get basic starting salaries...

Gamesation was in mainly Croydon, outskirts of London.

During the summer, I generally work in the City (central London). This summer, I worked near London Bridge for Lloyds Register. I worked in the IT department.

As for the other stuff, it's in France... Outskirts of Paris...

oh and btw, 20 failures isn't that bad... some of my friends apply to about 60 jobs to be able to get one or two interviews... You even sometimes have to apply more than once. Especially in retail. They're terrible with paper CV's and application forms. Most of them won't even get a proper look!

Hm, usually My friends like hand out their cvs for the christmas temp job, get to know the people and the management really well and are asked to stay.

I've never had a proper job. *hides*
I worked for my parents XD

Well that probably explains it then... I don't want to disclose exactly where I live [obviously] but if I told you, you'd probably understand. I'd be better looking for a job outside of this city, but it'd be so hard to get there and travel costs a bomb now :/

Anyway, I'm not trying to make excuses xD There are jobs going at McDonalds but the hours go on too late into the nightl xD

If affects my mother's business, and me, aftwerwards.

"I built dis with my own two paws"

Can't say it's hurting me. Government jobs always pay well

haha... I got refused a job at McDonalds a couple of years ago!! It was so weird!!:o

its probably the opposite for us.
My dad is a cargo ship captain he earns dollar and my country's currency is going down from $1 is P40 to almost P50 thats like 20% increase

min wage is around 1 dollar an hour
almost every necessity is cheap

Not affecting me too much at the moment,but I think it will soon.

:O Omg! That's shocking xD *shakes fist at McDonalds!*

right now i don't work however i do have some stocks and well yeah there's not much there anymore, but since it was money i wasn't planning on touching anytime soon anyway its not to much of a big deal, my grandparents are affected quite a bit since they invested in many things, but they stuck to the golden rule never invest what you can't afford to loose, but it still sucks.

No more toys!! O.O

I have to pay for them myself if I do want any, keh.

well i am 16 and lost like 7000$ because of it :S my dad bought stocks for all the money i have saved the last few years lol xD

I'm a student, so I'm not really affected by the economy. My mom and her bf are rich-ish...guess I'm not exactly suffering xP

im doing pretty well (*knocks on wood). im an operator & my company is funded by the local utility companies. the only way that we would be affected by the crises would be if the utility companies went under.
apart from paying bills, I'm saving up to go out of the country for a bit next year. so im going to start selling stuff on ebay or craigslist.

Unless these are stocks that you need to sell soon, i.e. the next five or ten years, I wouldn't worry about a loss in stock...unless the company you have stock in goes bankrupt. I imagine most of you are in mutual funds rather than singular stocks, so chances are you will recover and make a profit if you don't need that money soon. The world economy will bounce back.

Except Iceland.

Hurts so much that I may have less yen when I shop at Japan (when I come there).

I cannot complain too much. Too much. My biggest problem at the moment is the fuel company that supplies the gas needed to heat my house has removed their payment plan from use. Instead of paying off my heat bill a bit month by month, now I have to shell out the $1,200 USD up front. I'm sorry, that is alot to hand over in one wad of cash! I don't think I would had minded the price so much if there was a warning ahead of time(so I could have saved more frivoulously beforehand), but that is never an option with inconvieniences. >:O

I'm a high school senior, but this is affecting me all the same. My parents aren't wealthy at all... so because of this, I have to say like 5 things that I want for Christmas (because the house is just sooo important :rolleyes: jk) We're also feeling the impact on our food budget, the price of food is rising here which means that we can't get as much... I live in the U.S.

My mom has a (surprisingly) stable factory job with an income that has provided us with a lot of luxury in the past, though we're in the middle class, probably towards the lower end. We manage our money well and are have no debt. People being most affected are those that are in debt. I'm a college student and will probably never need to pay more than a couple of hundred a semester to be in school. In summary, no, I'm not affected.