http://www.theage.com.au/news/busin...-is-yet-to-come/2009/04/27/1240684397986.html
I am one of those who voted "Yes I am at risk in the next few months" in the "Are you Concerned about your Job" thread. It is so bad at work that I can literally be tapped on the shoulder in the next hour and be told to pack up my things. My industry has just been hit pretty bad. Anyway, I read the article above and while I am still ok, I thought I would ask what things I can do to prepare for the worst. Here are some of the things I have been doing:
1. Reduced non-essential expenses (going and eating out, movies, etc)
2. Putting all spare income into the offset account -- sadly this means no buying investments, especially those that would require debt
3. Deferred big ticket purchases (no big screen tv or new car)
4. No overseas holidays
It has been nice to watch the offset account balance growing, although I still think that if my personal situation got better I would be using the money as a deposit on an investment.
Thanks in advance!
e
I am one of those who voted "Yes I am at risk in the next few months" in the "Are you Concerned about your Job" thread. It is so bad at work that I can literally be tapped on the shoulder in the next hour and be told to pack up my things. My industry has just been hit pretty bad. Anyway, I read the article above and while I am still ok, I thought I would ask what things I can do to prepare for the worst. Here are some of the things I have been doing:
1. Reduced non-essential expenses (going and eating out, movies, etc)
2. Putting all spare income into the offset account -- sadly this means no buying investments, especially those that would require debt
3. Deferred big ticket purchases (no big screen tv or new car)
4. No overseas holidays
It has been nice to watch the offset account balance growing, although I still think that if my personal situation got better I would be using the money as a deposit on an investment.
Thanks in advance!
e