So at work, they brought all of the consultants into a room. I was thinking "this ain't going to be good." I hear from my friends who got laid off from State Street, Lehman, Fidelity, etc. So I figured they were going to prep us with the first round of layoffs.
I actually wasn't too worried. I had figured I could last through at least 3 rounds. They decided to do a more socialist move that results in my billable hours being cut by 20%. So in essence, I am done to a 4 day work week.
Surprisingly, I was quite calm. I mean I had to tell my wife that it may mean we have to cut new furniture out of the budget. But since I have been on a budget and paying off debt, we can cover all the expenses and still max my 401(k) and save a little. All and all, not bad in my industry.
I think the real thing that since I paid of all my debt, right now, this is an inconvenience and not a disaster. I think this just further demonstrates the risk that debt can have in your life.
As for my goals, I am pretty happy that I have saved $4,204 in January for the emergency fund. I am 14% towards my goal of adding $30,000.
I have also socked away $2,529 towards my 401(k). Or about 15% done with that goal.
So all and all – things could me worse. But if this is as worse as 2009 gets, it won't be that bad.
Goals Review - January
February 4th, 2009 at 06:11 pm
February 4th, 2009 at 09:38 pm 1233783534
February 4th, 2009 at 10:25 pm 1233786336
February 4th, 2009 at 10:42 pm 1233787371
Once I get over being upset at some setback, I'm always pleased at how I can recover from it and move along without incurring any more new debt! It's a good-ish feeling, like a backhanded compliment.
February 13th, 2009 at 11:19 pm 1234567149