Adapting with the economic climate
We all know we’ve gone through a recession of some sort. In the UK it is said that if there is no economic growth within the first three months of 2012 we could hit a double recession. There has been all gloom and doom. The media portrays the worst and sometimes I think it’s over exaggerated. This just starts a panic and makes people hold on tighter to their money when what they really should be doing is spending to encourage growth. But how has the economic crisis affected you? Have you felt a change in your finances, are you barley getting by? I’ve noticed that in anything there are two types of people, the pessimist who see things half empty and the optimist who sees things as half full. Which one are you? An optimist will cope better than an optimist because their eyes will be open to other options.
How has it been for you?
I’ve seen a lot of change in my financial life. Early last year wasn’t too bad but things got rather tight in the middle of the year. There was a lot of cutting down and panic at work and all around. I noticed that my weekly fuel bill had gone from £20 a week to £25 a week and that was only to cover to and from work. My grocery bill went up, my gas and electricity also rose. Inflation was high and we only got a 1% salary increase that didn’t make much of a difference. I must admit I was grateful to still be in a job at the end of the year because there was a lot of cutting down. So what did I do to cope? First I did a recalculation of my expenses. I had to see what was coming in and what was going out. I changed the way I shopped see on of my hubpage http://lin8t.hubpages.com/hub/Cutting-down-your-grocery-bill. The fuel I couldn’t change as I needed to get to and from work, so that had to stay. At the end of November my mortgage rate went down and that saved me another £70 a month. I had to see what would work and what I could change. The economy was changing and I had to change with it.
The reason why things get hard with any change is that we don’t change with it. We do the same thing and yet the things around us are changing. It’s like trying to put a square peg in a round hole, it won’t work. The economy is changing and we can’t change things outside ourselves but we can change the things we have control over, ourselves. Do you feel there is less money? What can you change to make it better? Could you find an extra income? Sell on eBay perhaps, create a websites? How can you adapt with the change that is happening around you. Below is an example of two men who had been made redundant because of the economic crisis and how they handled the same situation differently.
Two men whom I’ll call Jack and John from high flying banking jobs were made redundant at the same time. John got a job within a few weeks but unfortunately for Jack after many interviews was still unemployed after a year. Jack always seemed to moan about how there were no jobs about and that so many people were going after the same job. He also had run out of money but John had looked at the situation differently. How was John different from Jack? The difference was that John realised that there were jobs out there, probably not the jobs he wanted but there were jobs. John got himself a job working behind the bar while applying for the job he really wanted. He understood that he had to keep working to keep food on the table regardless. He had to adapt to the situation without letting it define him. He knew that pride wouldn’t pay his bills and got on with it. Jack on the other hand didn’t want to be seen doing minimum wage jobs, it wasn’t him so he stuck to what he knew. His bank job. What he failed to realise was that he couldn’t live off his redundancy forever. All Jack saw was the lack of jobs while John saw jobs, even if they weren’t what he was looking for.
When things happen to us that our outside our control we can either adapt to the situation or we can blame the external situation for our circumstances. There have been times when I’ve had to work in a job I didn’t like. There was one time – I hated it so much – when I worked in a factory and had to wear ugly safety boots and work ungodly hours. But I did it because I had to. But I always remember buying the Yorkshire post every Thursday to apply for jobs. I did it for about a year and finally one day the job I wanted was finally mine. I was so happy it was like a dream come true. There had been times when I thought I’d be in that job forever but it wasn’t so, things did change. Things always change, nothing stays the same forever.
The point of this hub is the help you realise that you can choose how to view the situation. It may not be the best time economic wise, but what can you do to adapt? What can you change so that you adjust to the way life is at the moment?