Saturday, February 07, 2009
Reading the news is not fun these days is it. With so many businesses going bust it makes me worry what the high street will look like when we come out of this recession. It seems like most companies have been effected and are worried about what might happen to them and some have already disappeared. I can understand why the Prime Minister is telling us to spend our way out of the recession as it would certainly help these companies to keep going and it will only be us that complain when we can no longer buy shoes in our size, plus size lingerie or clothes that we like because our favourite retailers have closed down. However, I think we cannot see past the short term and worrying about ourselves is always going to be a priority. I know that making sure I pay chunks off my mortgage while the interest rate is low, taking advantage of the fact that I seem to have more money than ever before and getting rid of that debt is the right move for me. I am afraid that the recession has been fantastic for me and although my shares have dropped in value I am taking advantage of buying cheap ones while I can as they are to fund my retirement not to use in the short term.