With all the financial worries in our country right now, things are getting a little scary. But, it's times like these that make me glad I have been trying to be frugal and responsible with my money. I'm not going to say anything one way or the other about the bailout, because, quite frankly, I can't even begin to understand it all. But, I can see the stock market continue to take a pounding, watch as more and more houses in our area go up for sale (and stay on the market a very long time), and it gives me pause.
Our bank--where we have all our checking and savings accounts, as well as our mortgage and home equity line--failed, but thankfully, it was taken over by another bank that we know and trust. So far, the transition has been seamless, and we don't have any reason to fear; with our excellent credit rating and on-time payment of our mortgage payments, I'm sure our new bank will be bending over backward to keep us as a customer.
All of this uncertainty and instability in the financial markets makes me even more dedicated to finding ways to save money. I haven't yet taken any new steps in response to the crisis. For now, I am just continuing to do what we have been doing...watching spending, looking for deals, stocking up on food and other essentials, trying to keep my driving to a minimum, etc.
So, Frugal Readers, if any of you have made changes to your lifestyle or your spending and saving habits as a result of the recent financial crisis, tell me. I'd like to know what steps you are taking. With your permission, I may use some of your ideas as topics for upcoming posts.
