The "Credit Crunch" and you? - Page 3

Chuckles · 30-08-2008, 01:46

Check moneysavingexpert.com if you don't already Pebs.

I can also recommend an awesome mortgage advisor. Know him since school and he doesn't take commission form customers and is always on MSN/phone if you need to discuss.

LeperousDust · 30-08-2008, 03:42

Quote:

Originally Posted by mejinks

Gutted you lose a bit of money to the vending machines. I lost my job because of it

What did i miss here, what were you working as dude? How's it releated? Sucks though

mejinks · 30-08-2008, 03:50

Quote:

Originally Posted by LeperousDust

What did i miss here, what were you working as dude? How's it releated? Sucks though

I was working for a company that handles very protected data. Can't really say too much about it suffice to say that I wasn't the only one

Basically the group as a whole were doing badly, but the service part of it particularly so. As a cost cutting measure, I was axed along with another two.

Hopefully someone will want me

I might retrain as a chef lol.

Garp · 30-08-2008, 07:41

So far so good.. credit crunch hasn't hit me, nor has it hit my company. About all we've seen is an increase in the length of time the sales process is taking. That may be hitting some of the sale's teams pockets as they're on commission, but they've had it for so good for so long if they haven't got some cash saved up then they're daft.

I think too many companies are seeing Credit Crunch as a fantastic excuse to duck out of payrises, particularly when you consider the number that are reporting record profits. The stupid thing is that by taking the excuse they're just making the actual credit crunch worse.

There is an interesting difference between how, say, Germany approaches stuff like this and the UK. In Germany when recession hits the government pours money into public infrastructure. 1) it's cheaper and cost effective for them, 2) it helps rebuild the economy, and 3) When the economy recovers they've got even better infrastructure than before to support it and the public.

Fayshun · 30-08-2008, 07:52

Really the only place it's hit me and Lom is in the cost of Petrol and shopping. Shopping around we can probably save a bit off the shopping but we'd probably waste the savings on petrol!

We've no mortgage and live in a Housing Association house. Rent's gone up a bit.

Reliance STM has secured the contract with TVP for another 6 years and we got a small payrise in April (and the one next April is pretty much guaranteed).

Knipples · 30-08-2008, 08:22

Yup, im screwed. Paying out more than I earn on things I have no say in, like bills and loans and utilities.
Im stuffed, and can honestly say I dont know what to do. The day the bank reduce my overdraft, im fooked.

Burble · 30-08-2008, 08:28

Obviously I've noticed prices going up but it hasn't affected me much as yet other than my petrol bill being pretty nasty.

It hasn't affected the company much even though we were passively down on PBT last year (which was due to the PE company being swines) but expectations are to reach about €250m this year.

Stan_Lite · 30-08-2008, 08:48

Quote:

Originally Posted by Pebs

Its gone up TO the best part of £1600, so yes, up £500. All well and good when you're happily shacked up with Mr Moneybags, as I used to be. Not so now he's shacked up in Kiwi OompaLoompas loveshack and my mortgage is £100 more than my take home wage!!

Bitter? Moi??

Hehe, Im not really, not any more. And there's bugger all point in giving myself an early heart attack about it, it'll sort itself out one way or another

That sucks hunny. Hope you get it sorted out soon, before it causes you serious problems.

Quote:

Originally Posted by mejinks

I lost my job because of it

Sorry to hear that dude - hope you find something soon

Quote:

Originally Posted by Grandad

standing orders/direct debits plus food and petrol = £2500 a month

**ck me dude, I thought I was bad - that's nearly as much as my take home for the month

Quote:

Originally Posted by Knipples

Yup, im screwed. Paying out more than I earn on things I have no say in, like bills and loans and utilities.
Im stuffed, and can honestly say I dont know what to do. The day the bank reduce my overdraft, im fooked.

I would recommend you get yourself along to a financial advisor ASAP before you start having real problems. Try the Citizens Advice Bureau, they have financial advisors who specialise in this sort of problem

Edit: Forgot to say how it's affecting me.

Can't really say I've noticed much difference really. I've only recently bought the car so the price of fuel was already high (really clever time to buy a sports car

). The oil and gas industry should be one of the few industries which benefit from the rise in oil and gas prices - the higher it gets, the more profit the oil companies make and subsequently invest in looking for more. Hopefully, I should be ok.

Fayshun · 30-08-2008, 09:40

Costs me £75 to fill my car right up from running on vapour (which I frequently have to).

Justsomebloke · 30-08-2008, 11:49

This is the good thing about not having a pot to piss in, Whether on the up or down like now not a lot changes in my World.
In fact I'd go as far as saying it is Better for me during a recession as people turn to me to sort things out for them that they wouldn't normally do.

You may have noticed my absence recently & this is Directly related to what I am talking about.

Things I have noticed are prices in shops, One thing I like is Decent bread & the other day a Farmhouse loaf cost me £1.65p

The cheapest loaf available was £1.25p

The biggest difference I have noticed though is in straight/working people & what they are saying & asking for.

30-08-2008, 01:46	#21
Chuckles '09 sexual conquests: 4.5 Join Date: Sep 2007 Posts: 1,075	Check moneysavingexpert.com if you don't already Pebs. I can also recommend an awesome mortgage advisor. Know him since school and he doesn't take commission form customers and is always on MSN/phone if you need to discuss. __________________

30-08-2008, 07:41	#24
Garp Preparing more tumbleweed Join Date: Jun 2006 Location: Hawaii Posts: 6,038	So far so good.. credit crunch hasn't hit me, nor has it hit my company. About all we've seen is an increase in the length of time the sales process is taking. That may be hitting some of the sale's teams pockets as they're on commission, but they've had it for so good for so long if they haven't got some cash saved up then they're daft. I think too many companies are seeing Credit Crunch as a fantastic excuse to duck out of payrises, particularly when you consider the number that are reporting record profits. The stupid thing is that by taking the excuse they're just making the actual credit crunch worse. There is an interesting difference between how, say, Germany approaches stuff like this and the UK. In Germany when recession hits the government pours money into public infrastructure. 1) it's cheaper and cost effective for them, 2) it helps rebuild the economy, and 3) When the economy recovers they've got even better infrastructure than before to support it and the public. __________________ Mal: Define "interesting"? Wash: "Oh, God, oh, God, we're all gonna die"?

30-08-2008, 07:52	#25
Fayshun Rocket Fuel Join Date: Jun 2006 Location: Adrift in the Orca Posts: 6,845	Really the only place it's hit me and Lom is in the cost of Petrol and shopping. Shopping around we can probably save a bit off the shopping but we'd probably waste the savings on petrol! We've no mortgage and live in a Housing Association house. Rent's gone up a bit. Reliance STM has secured the contract with TVP for another 6 years and we got a small payrise in April (and the one next April is pretty much guaranteed). __________________ We must move forward not backward, upwards not forward, and always twirling, twirling, twirling...

30-08-2008, 09:40	#29
Fayshun Rocket Fuel Join Date: Jun 2006 Location: Adrift in the Orca Posts: 6,845	Costs me £75 to fill my car right up from running on vapour (which I frequently have to). __________________ We must move forward not backward, upwards not forward, and always twirling, twirling, twirling...

30-08-2008, 11:49	#30
Justsomebloke The Night Worker Join Date: Jul 2006 Posts: 5,228	This is the good thing about not having a pot to piss in, Whether on the up or down like now not a lot changes in my World. In fact I'd go as far as saying it is Better for me during a recession as people turn to me to sort things out for them that they wouldn't normally do. You may have noticed my absence recently & this is Directly related to what I am talking about. Things I have noticed are prices in shops, One thing I like is Decent bread & the other day a Farmhouse loaf cost me £1.65p The cheapest loaf available was £1.25p The biggest difference I have noticed though is in straight/working people & what they are saying & asking for. __________________

30-08-2008, 08:22	#26
Knipples nipples lol (o)(o) Join Date: Apr 2008 Location: Brissle!!! Posts: 4,947	Yup, im screwed. Paying out more than I earn on things I have no say in, like bills and loans and utilities. Im stuffed, and can honestly say I dont know what to do. The day the bank reduce my overdraft, im fooked.

30-08-2008, 08:28	#27
Burble Rocket Fuel Join Date: Jul 2006 Posts: 7,826	Obviously I've noticed prices going up but it hasn't affected me much as yet other than my petrol bill being pretty nasty. It hasn't affected the company much even though we were passively down on PBT last year (which was due to the PE company being swines) but expectations are to reach about €250m this year.