Saturday, October 4, 2008

Saturday Six #233

october 4 2008

Because the questions are put online when I'm already to bed, I'll play a week later.

1. Overall, do you feel like you’re in better financial shape now than you were five years ago, worse shape, or roughly the same shape?

It's hard to compare with 6 children.
Everything is getting more expensive, all the children are 12 or older now.
Two have a girlfriend, go out.

In a way I feel financially the same as 5 years ago: nothing for me, all for the kids.
We still have to turn every coin and spend it wisely.
We can't buy what we want, we can only buy what we need.

2. Of the debts you currently owe, what percentage of them would you say are unnecessary debts that were caused by not watching your money closely enough?

We don't have debts.
We have no creditcards, loans, whatever.
I feel that when we have to start having loans we're ending in a spiral downwards.

I know people finance their couches, cars, Outer Banks rentals, wintervacations and such, but we don't.

3. Are you worried about the economy’s effect on your job?

I don't have a job.
And I won't be able to step in anymore, because I won't be able to afford the superfluous extra courses that are requested to start at a good job in my own profession. So I have keep on volunteering at a professional level and keep up the standards and knowledge myself (and I do! That's my pride.).
I can only hope that when the time is ripe I can present a good researchproject and be part of it myself.

4. Take the quiz: What’s Your Money Personality?

Your Money Personality is Healthy

You have a good relationship with money.

You don't spend wildly, but you're not opposed to treating yourself on occasion.

In general, you save some of what you earn.

You know the importance of a nest egg.

You aren't afraid of being financially literate - you embrace learning more about finances.

From a retirement plan to having an emergency fund, you know what you need to have to be safe.

5. Should the government bail out the struggling banks, or should the government divide the money they’re going to give the banks among taxpayers as a one-time “shot in the arm” for America’s workers?

Well, I'm not American, but I'm Dutch and I have a good insight in our economy and international economy.

Our government bailed out Fortis, or in fact, took it over completely: bank, insurances and the ABN-AMRO bank.
They paid a high price, but I'm very happy they took that huge and exceptional step.
It means that savings and insurances are completely safe now.
Taking over completely also has the benefit that they have a complete say over which decisions are taken, jobs are guaranteed, money and future is secure.
There's also the option of selling the bank in better times and gaining back the invested money.

Handing out the money to us normal people would have made no difference for the safety of our savings and insurances.
When my house burns, I'll get payed now. Which will be more than a one time personal shot.

I feel many people are not aware that the security of the banks means that the value of money remains about the same.
Inflation will follow when no strong actions are taken, and we will loose far more and we'll feel it in our wallets far worse.

6. If a rich stranger were to hand you a check in an amount equal to a year’s salary, would that amount take care of all of your debt, make you feel financially stress-free, both or neither?

Because I have no debt it won't take care of it.

I would welcome a stranger investing in good education for my autistic son. I'd apply for wereldschool/worldschool, or some other online scholingsystem immediately, and then burst into tears.
I'll ask him to have his lawyer straighten it all out with our educational system and then cry a bit more.

Want to take part too?
Click the titel.

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1 comment:

  1. Interesting survey. Good answers and I agree about spending what you need at this point in time. Well done.


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