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Are you changing your consumption?
Posted on 3/8/25 at 12:46 pm
Posted on 3/8/25 at 12:46 pm
I am going through a phase where I think economy will be pretty bad. Normally, this would mean I should cut back spend but I’m also in the market for some things that may be impacted by tariffs.
Working as intended, cause consumer fear, lead to recession, lower inflation
Working as intended, cause consumer fear, lead to recession, lower inflation
Posted on 3/8/25 at 12:49 pm to fareplay
I'm definitely passing on any large purchases as our region particularly will get hit pretty hard by all the government layoffs.
Expect to see much better deals as people are forced to sell and liquidate in the upcoming economy.
Expect to see much better deals as people are forced to sell and liquidate in the upcoming economy.
Posted on 3/8/25 at 12:49 pm to fareplay
When my portfolio dumps, I do feel myself changing how I spend money and it makes no logical sense as my living expenses here in SA are already next to nothing.
But yes, I'm probably spending 25% less now than I was in q4 of last year.
But yes, I'm probably spending 25% less now than I was in q4 of last year.
Posted on 3/8/25 at 1:09 pm to fareplay
I will. Last night I was looking through some old preorder confirmations for toys that won’t ship until October. If I get any notifications about price increase I’ll cancel some, and definitely won’t partake in the next cycle.
Posted on 3/8/25 at 1:35 pm to fareplay
No, I've been good about my spending for a long time. If you do your research most of the gloom and doom out there is predicted to be short term.
What I have done is adjusted expectations for returns.
What I have done is adjusted expectations for returns.
Posted on 3/8/25 at 1:49 pm to fareplay
Are you consuming that much that a small increase is going to change your habits? If I see two items next to each other and one is much less, sure. I think this is mostly going to be hitting the stock market and mostly from short term unknowns and then major items, like maybe if certain car prices are more than a similar model for a different brand.
Posted on 3/8/25 at 2:07 pm to fareplay
Not really, we spend WAY below our means to begin with. If our budget was tighter then yes, we'd be cutting back just to prepare a little in the event a recession did occur. Really no downside to cutting back - worst case no recession comes and you've got some extra cash to either put away in investments, add to an emergency stash, or treat yourself to something nice.
Posted on 3/8/25 at 2:09 pm to fareplay
I changed my consumption during Covid when inflation was raging.
Posted on 3/8/25 at 2:33 pm to baldona
quote:
Are you consuming that much that a small increase is going to change your habits?
I think it’s the opposite. Needless consumption has an insidious effect on behavior. Unexpected price surges catch people’s attention resulting in recalibration.
Posted on 3/8/25 at 2:59 pm to fareplay
Dropped dental insurance. Didn't see much benefit really.
Posted on 3/8/25 at 3:11 pm to UltimaParadox
quote:
I'm definitely passing on any large purchases
This
Posted on 3/8/25 at 3:30 pm to I Love Bama
quote:
I'm probably spending 25% less now than I was in q4 of last year.
What did you cut out? 25% is huge.
Posted on 3/8/25 at 3:32 pm to fareplay
I have been since COVID. Glad I did. Medicine has taken a f#$king over the last five years. Really since Obamacare, but during COVID and Biden, our healthcare system is on the verge of financial collapse as private insurers and PBM's rake in the cash.
I'm optimistic Trump will get shite lined out and we'll be much better off by midterms, but there is going to be short term pain. I think that's why he's ripping the band aid off and allowing the markets to use it as an excuse to sell off from these unrealistically high valuations.
I'm optimistic Trump will get shite lined out and we'll be much better off by midterms, but there is going to be short term pain. I think that's why he's ripping the band aid off and allowing the markets to use it as an excuse to sell off from these unrealistically high valuations.
Posted on 3/8/25 at 4:50 pm to Billy Blanks
quote:
What did you cut out? 25% is huge.
Must have halved the hookers and blow budget.
Posted on 3/8/25 at 5:25 pm to fareplay
Nope.
I eat the food and drink the beer I like, set my thermostat at 72, and take long, hot showers, and don't foresee that ever changing.
I eat the food and drink the beer I like, set my thermostat at 72, and take long, hot showers, and don't foresee that ever changing.
Posted on 3/8/25 at 9:28 pm to fareplay
I intended to significantly increase spending this year since we are still accumulating despite early retirement (other than very sporadic part time work). We stayed deliberately frugal first couple years to make sure it worked financially. I meant to make this the year we start spending on more costly wants such as home improvements.
It's gonna be difficult to justify extra spending and break decades of living below our means all during a down market.
It's gonna be difficult to justify extra spending and break decades of living below our means all during a down market.
Posted on 3/9/25 at 2:06 am to TorchtheFlyingTiger
I have a car I really want to buy and convincing myself that if I dont buy now, it will be tariffed
Posted on 3/9/25 at 6:34 am to fareplay
I do see the vehicle market getting worse in the future
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