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Ahhh, but it won't be wasted energy at all. It's energy we need to wake up to and realize that our own faults caused this mess.
CORRECTION! It's not MY fault. I did everything right and played by the rules. Now I have to bail out the idiots that were greedy or could not figure out how much they can actually afford.
FYI- I checked the rates at my lender and they are back down to 5.375%. I think they jack the rates sometimes to slow things down, when they get overwhelmed.
^I agree. I live within my means, too. Only debt is the mortgage. That's right, no car payment, no credit card balance even at Christmas time, and 9 months of salary in savings that I have access to right now. (Thanks Clark Howard!!) HA!
But I am trying to be nice since all of us have to suffer from this so I dont' try to point the blame at anyone.
^I agree. I live within my means, too. Only debt is the mortgage. That's right, no car payment, no credit card balance even at Christmas time, and 9 months of salary in savings that I have access to right now. (Thanks Clark Howard!!) HA!
Yep, same here. I am building up more reserves as fast as I can now, just in case. I want to be able to go 5 years without working, as you never know what will happen. I was always responsible before, but now I am just downright scared of what the government will do.
Quote:
Originally Posted by underPSI
But I am trying to be nice since all of us have to suffer from this so I dont' try to point the blame at anyone.
Ditto, same here too. I pay off my credit card every month and have no other debt except my house. I'd LOVE to have 5 years living expenses; that's a good goal!
I'd LOVE to have 5 years living expenses; that's a good goal!
I always felt comfortable with a minimum of one year of liquidables, but we are entering into the complete unknown and I have seen shocking things that I never would have thought would be possible in America. Now I think much more is better. Not that I plan on being out of work for years at a time, but who the heck knows what is going to happen. I'd rather be safe than sorry. And I am still thanking my lucky stars that I sold my house up north and moved to the Triangle before what is about to happen, happens.
I always felt comfortable with a minimum of one year of liquidables, but we are entering into the complete unknown and I have seen shocking things that I never would have thought would be possible in America. Now I think much more is better. Not that I plan on being out of work for years at a time, but who the heck knows what is going to happen. I'd rather be safe than sorry. And I am still thanking my lucky stars that I sold my house up north and moved to the Triangle before what is about to happen, happens.
Once again I agree. I'm fortunate enough to have a very secure job but all this stuff Obama has been proposing lately I'm not so sure anyone's job is 100% safe. I should have close to 2 years salary in a few months once a couple of CDs expire.
Once again I agree. I'm fortunate enough to have a very secure job but all this stuff Obama has been proposing lately I'm not so sure anyone's job is 100% safe. I should have close to 2 years salary in a few months once a couple of CDs expire.
What is he proposing that would put jobs at risk? I'm genuinely curious.
What is he proposing that would put jobs at risk? I'm genuinely curious.
One I know of is shutting down as many coal industry jobs as he can. I heard him say it with my own ears.
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