how the economy affects me

Uncategorized5 Comments on how the economy affects me

how the economy affects me

2008 saw the cancellation of a few long-term freelance projects I was working on.

I was curious last night and ran the financial numbers…

My gross income at year’s end is going to be less than the previous year for the first time in my life.

After running the numbers – it took me 9 months this year just to make half the amount of money in freelance that I made in 2007.

I guess the sinking economy really is hurting everyone. My HOA dues are going up next year by $23 a month and the only other long-term big freelance client I have is closing down.

I always thought I’d get a new (better) car when I’d had the 6 for 5 years. Now the car is rapidly deteriorating (even the in-dash storage compartment broke a few weeks ago) – but there is no way I can get a new car of even equal value for years to come unless something changes with my financial situation drastically. I certainly don’t need a new car – it runs well enough, just interesting how your situation changes all the time.

With school on the way my financial situation is going to change drastically soon enough – just not in the right direction.

And love life – well we won’t even touch the downswing in that market this year…

My 401k and IRA are tanking – making me feel really good about being so “responsible for my age” and contributing to them.

I just need some cheese to go with all this whine and I’ll have a nice picnic at the Getty. Oh wait – they close at 5pm now and raised the parking price to $10…. nevermind…

5 thoughts on “how the economy affects me

  1. There always is, isn’t there? Sorry to hear about your home (did you say that outright before?).

    100 people to be a classroom aid in Simi Valley? Dang! Well…hope you got the job.

  2. Don’t get me started!

    Just remember that there’s always someone out there who has it worse off than you. At this very minute I stand to lose everything I have gained since I got married–my home and all the equity in it. The worst that could happen is that I will start over with $0.

    I suppose $0 is better than still owing someone money AND not having a house to live in.

    The economy is worse than you think. I went and took a test yesterday prior to interviewing to be a classroom aide in the Simi School District. There were 100 people there testing for the same job openings and that was only the first day. Can’t wait to find out how I did!

  3. Hi Drew, Well at least you are not in this sinkig boat alone. I lost $10,000 out of my retirement account. Easy come-easy go!! The good news for you is that you are young and have time to rebuild your accounts. As to cars, they are highly overrated so I think maybe we will go back to folks driving what we used to call beaters!!! Have a great weekend, talk to you soon. Love Aunt Lois

  4. hi Lois,

    I know I’m getting hit a lot lighter than a lot of other people – so I hope it didn’t seem like a “waa waa waa, poor me” post. But if I’m going to complain about my situation anywhere… it better be on my own blog.

    Sorry to hear about $10,000 – there goes ten Michigan/OSU 50 yard line tickets!

    I’ve heard about these “beaters” I think I’ve even driven one… a car with the nickname of “old gray bastard” comes to mind…(yes, dad, I still remember).

Leave a Reply

Back To Top