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How Will the recession affect us?

  • 16-11-2008 1:00am
    #1
    Kershaw.D
    Closed Accounts Posts: 175 ✭✭


    :confused:I want to know how will the recession affect me
    Im currently getting about 1100 a week
    i defo wont loose my job but may have to work less so pay may just go down to 700 ,i have 3 kids + husband wit no job


Comments

  • #2
    PixelTrawler
    Registered Users, Registered Users 2 Posts: 2,300 ✭✭✭PixelTrawler


    Sorry but its impossible for anyone to answer this question as asked.
    How could anyone possibly know from the details provided.

    Job sector? Public/private? Company doing well? Reasons for work hours reduction? Any clues there at all


  • #3
    Danbo!
    Closed Accounts Posts: 3,942 ✭✭✭Danbo!


    It really depends on your job and how much debt you are in.

    If you're a bricky or in construction, you could be in trouble, but if you work for a repo company its happy days. It will effect everyone differently. Is the industry you work in being effected by the recession?

    Also, depending on debt and how many cars or what value house you have, 1,100 a week is a decent enough and is above average for a combined salary of you and your husband. Is there any reason your husband is not working?

    No-one really knows how bad it will get (if anyone says they know, they are lying) but your best bet is to try and cut down on outgoings and save as much as possible from your salary.


This discussion has been closed.
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