Baby Boomers: What are you doing differently post-crash?
Well, it looks like the stock market rallied today (up over 500 points as I write this) and gas prices are falling - a friend here in Iowa reported gas prices under $3.
But for Baby Boomers, and particularly those of us in business, times may continue to be “tight” and we remain worried. So what are you doing to cope? Have you changed anything?
My husband and I have made some changes and plan to make others:
- We cancelled a planned 10-day trip to do some family history research.
- We paid off our high-interest charge card and we are going to save it for emergencies.
- We are going to eat out less and stay at home for meals. That one isn’t too tough, because my husband is a great cook.
- We are buying at lower-priced stores, like WalMart, and looking for no-interest deals on larger purchases.
- Hardest for me, we have decided to cut back on the number of books we buy. Ouch! Fewer Amazon boxes coming in the mail.
- And we aren’t buying other “toys” like all my quilting fabric. I have enough to last me for many years, so I don’t need more for a long time.
- With my business, I am going through and eliminating unessential expenses as much as possible.
What are you doing for your home and business to ride out these difficult financial times? Have your spending and savings habits changed? What are you doing differently? Comment and let us know. We can learn from each other.
Tags: baby boomer businesses, credit crunch, financial panicRelated Stories
POSTED IN: Boomer Businesses in Difficult Financial Times, Finance, Work
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