Sunday, June 22, 2008

Financial Crisis Around the World

Now people in USA are facing financial crisis due to the high price of fuel. Because of that everything goes up in price too which makes it difficult for most people, not only for the poor but also the middle class are affected by it. Just this week hubby noticed that there are more people this year going out biking compared to last year. Then we saw the news that there are other people who prefer to ride the bus than the airplane because of the high price in getting a plane ticket. It's so sad that this is happening not only from other countries but also here in US. I heard from a friend that she and her husband saw a show on tv about Americans who are in debt which made other individuals commit suicide. Then another friend of mine who had a friend who visit Philippines last week said that prices in the Philippines also is now expensive. We know about the increasing price of the rice but I don't have any idea how expensive other things there now. I don't know when this problem be solved but what we should do is to learn how to control to not spend more than what we earn. Competing with the Joneses won't help so we better be careful in spending but of course don't starve yourself. I read an article in the past about money and the author said (which I think a financial advisor) "if you don't have the money, then you can't afford it".

4 comments:

Ilocana said...

Very true ka dyan 'day! Just heard a word from my sister letting me know that my nephew's school fare went up so Scott and I need to re-adjust their allowances and that means adding more..Huh, buti na lang di pa nagsasawa si Scott..Ha,ha,ha. So thankful na generous akong bana :) Hay, don't know when this economic crisis gonna end..Guess hope for the best..

Michelle2 said...

Oh my, another expenses for you and Scott. But it's okay as long as you have the money to give and your sis is really using the money for her kids education. I think the prices will always go up so we better not expect too much about it or we'll only be disappointed. :)

Lara said...

sis added you na in all my blogs. Pls add me here too.

www.pinaydotus.com
http://laradee.blogspot.com
http://byahengpinay.blogspot.com
http://laradale.blogspot.com
http://wanna-be-fil-am-mom.blogspot.com

Michelle2 said...

ok lar, thanks for adding me in your blogs. will add your blogs here too. :)