Friday, January 16, 2009

Staying Afloat in a Sinking Economy

I have had so many other things I was going to blog about in the past few weeks, but worry has gotten the best of me. I know, I know, worrying does no good, especially about things that have not happened yet, but it is what I do best. What I have always done best. It is a trait passed down to me from my mother.

The poor economy has sent me into a tailspin. So many people are losing their jobs. I have lost half of my income in the daycare business since October. That's about a $10K hit with just me alone. Chris talks of downsizing in his company. One person has already been laid off/let go. Just today, four others were reduced down from 5 days a week of work to 4 days a week. That is the plan for his company for the next 12 months and hopefully Chris's customers will keep him busy enough that he is invaluable to the company. He is one of the busier customer service/sales reps in his office. That's a good thing.

A few days ago every thought I had was consumed with what ifs. What if he were to be cut to part time hours? Well, I can tell you what if. We could possibly lose everything we own with just an 8 hour reduction in salary for him. It wouldn't be so bad if the childcare business would pick up but I have not had a single call since October. Not a single one. We are just barely making it now. Each month leaves me wondering who will get paid and who won't. Not a good feeling. Especially since I have family as cosigners on two of our loans.

Two older people stepped up at his work and offered to have their hours slashed as a result of the poor economy. I know NO ONE can really AFFORD to lose money, but these two wouldn't be hit half as hard as we would be. They are older with no children at home anymore. I want to kiss them. That was very noble of them to do that in an effort to spare others. I hope they won't be out of a 5 day week for too long.

If the economy doesn't improve, what becomes of all the people out of work and unable to pay their bills? Do they/we all become homeless, wandering the streets in search of our next meal and bed? It is a thought I don't want to have. I only hope and pray for everyones sake that things improve quickly. I hear it will only get worse. I know it has been worse in the past and now we, the 30 something generation, are facing what our parents faced so many years ago. It is scary. We have had it so good for so long. Now its time to pay the piper.

While we wait I will continue to pray that things on the Toler home front remain as is. No more lost income and if anything, maybe I will get a phone call or two for childcare. One can only hope.


kari and kijsa said...

Just catching up on our blogging...stopping by to say hello!
kari & kijsa

dallasdiva said...

It is across the board. It seems to me a refrain in my life is that I need to learn to live with less and I shouldn't be such a consumer. It is painful to imagine suddenly losing my income and really and truly having to change my life. YIKES.