Just on the point of recession - Warren I disagree with you - this recession will be here for at LEAST a few years. With the way governments are spending and inflating the money supplies, the value of every currency is constantly going down. Until that expenditure (particularly of the ridiculous policies of that like the US) is cut, we will continue to see a slide. The only country that seems to be doing the "right" thing in order to stay afloat, is NZ.
Prices on some things are going down due to lack of demand, sure - but when the market recovers and realizes the value of each currency is so bad, everything is going to skyrocket. In any case, it could be quite some time before anyone can live comfortably again, without financial stress. Vegie garden is a good option anyways - nothing better than fresh fruit and veg, straight from the garden =) On Wed, Mar 18, 2009 at 11:27 AM, Warren Seen <[email protected]> wrote: > > It definitely sounds like you put a lot of thought into this Craig - > not suggesting otherwise mind you. > > As for being Gen X, I'm sure many of us can recall watching our > parents go through the 17% interest rates of the 80's and the early > 90's recession - I think we're pretty well placed to learn from the > past having experienced that however indirectly. Much like then, at a > global scale I'd say we need this recession, but it's causing a lot of > pain at the personal level and I'm sure it's going to take a while to > recover from even when the "technical" recession ends. These days I'm > worried about the next month or two, whereas before I used to worry > about the next year. I'm optimistic though that this is probably a > year to 18 months of pain that needs to be endured, rather than a 10 > year depression that some are predicting. > > On the subject of fixed expenses, I had already gone through a round > of belt tightening last year due to the upward moving interest rate, > so I've learned just how much I need to bring in to keep the family > expenses at bay. I've done a heap of little things like switching the > household phone to VOIP, changing to a cheaper mobile plan and > provider, which sacrifices coverage in areas I only go occasionally, > resisting the temptation to increase my download cap with my ISP, etc. > Saving almost $1k/month on mortgage repayments compared to the high > point last year helps a lot too! > > Unfortunately, short of a flight to Thailand or somewhere else where > you can live like a king on AU$20/day, (pretty unlikely option for me > with a wife and 3 kids) there's only so much you can do to reduce > those fixed expenditures. :( > > Maybe I'll have to start a veggie garden too... > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Ruby or Rails Oceania" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/rails-oceania?hl=en -~----------~----~----~----~------~----~------~--~---
