We have benefitted in that we bought a newly renovated house at a mortagee auction and got it for $75k less than the last buyer paid for it.
We have lost a few clients for one of our businesses because they are having financial troubles but not enough to make a big dent. Luckily it's an industry that is needed more in financially troubled times.
Our other business imports stuff so we will have to raise our prices to compensate for the lower exchange rate but we will still have a good profit rate as will our clients.
The main way in which I'm affected negatively is that a lot of my dept's projects are getting roadblocked or coming to a standstill because the govt is trying to cut spending as much as possible, so my current position hasn't yet gotten confirmation of continuity past June, and other job vacancies aren't there so I can't apply for something else.
But at worst, I go back to my substantive position, which is a very secure, no-way-in-hell-will-they-make-the-position-redundant sort of job, and at not a lot less pay too, so in that respect, both me and DH (who works in the same dept as me) are secure.
On the positive side, the interest rates going down means we're paying off my mortgage faster.
Last edited by sushee; March 5th, 2009 at 12:47 PM.
well I am also one who has benifited from it ... All the Krudd money has helped me get way infront of my bills and moving to another bigger house is now not just a wish but it's beginning to happen! I have been able to save money where I never would have before!
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