This Is Soooo Not Cool

I know I've talked about this a few times on here but this economy crap is really worrying me quite a bit. My dad just lost his job of 29 yrs a few weeks back. He works in a metal manufacturing shop here in Kansas. Now we have 3 automobile makers needing massive help restructuring their businesses and the only way to do it is cut tons of jobs. Then we have a zillion other companies out there that have nothing to do with banks, credit cards, or cars who are laying off. The trickle down effect is going to a bad outcome on us all.

My dad has always been a conservative type with his money. He's put a ton of it in CD's and quite a bit in the market. Enough in the market that the recent drops has substantially dropped his amount of money...on paper. (it's not real until you have it in your hand) He'll have unemployment for 9 more months or so and then he's pretty sure at the age of 55 he's going to go find a pud job somewhere like Home Depot until he can retire. If the market hadn't crashed so bad he COULD HAVE just retired early. Not now.

So what are we all to do? Tighten our belts? Prepare for the worst? I know we're not going to be doing a lavish Christmas for everyone in the family like normal. I've got some home made things we are working on like usual and I'm doing gift cards for my parents. We're buying 3 gifts each for the kids of what they really want this year instead of the $200 dollar amount we usually do. I'm going to try to sock more in savings each month and spend less in every way I can think to. Good thing is that they are thinking with the price of gas and crude oil that our heating bills may be less this year so that's a good thing.

Are you doing anything for your family "just in case" it gets any worse?

George Help Us!

The past few weeks with the economy has made me so sick to my stomach. Thank the Lord good ol' George W will be leaving office soon. We got one statement the other day on our stocks and that was dated 9-27-08 (before this huge drop). We've lost over $2K in a year. We still haven't received the one on our 401K with much more money in it. I totally feel for my dad who had a bunch of Washington Mutual funds. He has always tried to think positive in times like this saying "it's only paper until it's in your hand anyways." lol Anyone else feel like puking over all this?

So what are we all to do? Is the cost of gas now going to offset how much we all are losing? lol I think not but it's funny that gas is now (atleast here) $2.77 and going down daily. Is everything else going to start crashing in price?