Things as we know it will never be the same. The sooner we get used to that and move on with life, the better.
Sorry to be a drippy raincloud on everyone's parade.
I have been trying to adjust both mentally and financially to the new life-as-we-know-it for sometime now. At first it was temporary, the economy just being in a set back reading to rebound. As soon as it rebounds, well life will get back to normal, my husband will get his $5 an hour paycut back, gas and grocery expenses will settle back to normal, and our Vanguard Funds will see to upper stratosphere of earnings as the the Dow makes it above 12,000. We can start spending and saving again. My house and property will be worth something again.
Yeah right. Boy have I been in denial.
I don't know how many ups and downs the money system in America will have to endure this year, but I do know that in the long run we will have to adapt to what life is right now. We have had to scale back our expenses substantially, including getting rid of my vehicle and sharing our truck between dh and I. What started as a temporary solution is fast looking like the new norm. We have always lived a very frugal, rural life but having to stretch the dollar even further than before ....and knowing it may be the way things are from now on....is very stressful. It's at the point now that we must decide whether to get rid of our animals, because we can't afford to feed them. Yes, they feed us, but they cost money. And we can't afford a "hobby farm" anymore. The grocery store meat and milk will probably kill us in the long run compared to fresh organic meat and milk, but I'm looking at the NUMBERS right now, not health benefits. We will have to make do with one vehicle for us. I have not been able to find work in the past 4 months, and dh's hours are getting cut...it's hard to make a 40 hour week right now. I have a son almost ready for college, and we can't afford to send him.
Things will rebound for the better for sure, but life will never be the same again. Who would have ever thought GM or Chrysler would ever go under?
Some serious decisions need to be made at our house the next couple of months. I hope everyone else makes some wise decisions too because this may be the way life is for quite some time.