The credit crunch has affected me badly, twice. August 2008 I was made redundant and August this year I will be out of work again as my contract is not being renewed. I'm on a temporary contract but have been since January 2007, annoyingly if I could only stay there for another 5 months I'd have to be given a permanent contract and then I'd be entitled to redundancy, which on a temporary contract I'm not. When I was made redundant in 2008 it was a shock. I was working at an Estate Agents at weekends and although we weren't as busy as we had been we were in profit and still selling houses. In fact we were doing the total opposite of how the media were ...  Read the complete review

How has the credit crunch affected me? Well I think the credit crunch has actually been beneficial to me which I know may sound strange. The credit crunch made me sit up and look at where my money was going and to deal with my credit card. Before the credit crunch I didn't worry too much about where my money was going. I would often have months where there wasn't any money left at the end of the month and so just put anything extra I needed on my credit card. Then the next month I would pay it off, however steadily the debt rose and became a 'balance' rather than being paid off in full. Still I didn't worry too much as I just kept telling myself ...  Read the complete review

How has the credit crunch affected me? Well it's affected me quite a lot as pre-credit crunch I worked for a bank! The credit crunch began at the end of 2007, seeing on the news stories such as the rush to withdraw money from Northen Rock followed by a drastic drop in share prices for Northern Rock, and many other companies soon followed. This is what had the first major impact on me, booking our wedding in 2007 for 2008, knowing I had shares due to mature in early 2008 meant we could have the wedding we wanted, nothing extravagent, nothing extreme but all of our friends and family there. So we went ahead and booked. Unfortunately come the time ...  Read the complete review

In some ways I think the credit crunch was just what I needed... a wake up call. Back in 2003 I went on a gap year to Canada - I had the time of my life - skiing, sky diving and white water rafting. Upon my return I started university (whit a pretty hefty credit card bill from my gap year). But instead of being sensible and paying my debt off, I added to it, buying new clothes, going out drinking four nights a week and buying a new outfit every time a special occasion occurred. Upon graduation I had two credit cards with about £3,000 on them, a hefty overdraft and a laptop bill to pay. In order to get myself "straight" I took out ...  Read the complete review

How has the credit crunch affected me? I now keep a budget, It is the best thin I have ever done. I wis h I had started doing it years ago! Well for the last 3 months my family has lived off a budget, on every pay day I complete a financial plan chart on my pc for our income and outgoings. I calculate how much money we have coming in and how much we have going out. I also take off our food shopping money and petrol money. I allow a weekly budget and any money left over goes straight into our savings account. My weekly budget: I calculate how many weeks there are until we next get paid and allow ourselves a certain ...  Read the complete review