Not just gas prices, but the recession sure will.
Posted By: ConcernedMT on 2008-04-01
In Reply to: will high gas prices affect your spring/summer travel - plans this year?
We are staying home this year and saving every dime we can. Our fed and state refunds went right into savings, and our "stimulus" rebate will too.
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recession
I agree with you. We live the same way, no CC and no car payments. My husband is disabled and he helps me and we have a 25 daughter still at home who buys the food. We can honestly say that God does provide for us. We're not rich, but the recession is not really hurting us that much, other than we don't like the increase in gas and food, but so far, so good, we have some savings. We do give regular our tithes to the church, 10% as was in the O.T. and God blesses us. If more people followed these Bible principles, they would do better.
Recession/depression
I think we are at a "stuck" point, where it could shoot up or fall down into a rescession. I hope to God, it shoots up. I heard gas isn't coming down til after the first of the year (2009)
recession/depression
I think Michigan is already in a recession. It is just sickening to see all the homes that have been foreclosed. Everytime you watch the news or read a paper it is just more people losing their jobs. I don't know how much more people here can take. Hopefully things pick up soon!
Recession Explained
THE CURRENT GLOBAL ECONOMIC CRISIS EXPLAINED
Adam is the proprietor of a fast food restaurant in New York. Sales are low and, in order to increase them, he comes up with a plan to allow his customers to eat now and pay later. He keeps track of the meals consumed on a ledger.
Word gets around and as a result increasing numbers of customers flock to restaurant. The suppliers are delighted and are very willing to sell more and more raw materials for the meals he prepares. Adam shows them his ledger of receivables and they extend him credit.
A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and gives Adam a credit line and then increases Adams' borrowing limit.
Taking advantage of his customers' freedom from immediate payment constraints, Adam jacks up the prices of his Burgers and Shakes. Customers dont mind as they are not required to pay on the spot. Sales volume increases massively; Banks and suppliers lend more; Adam opens more outlets. He sees no reason for undue concern since he has the debts of the customers as collateral.
At the bank's corporate headquarters, expert bankers recognize Adams' customer loans as assets and transform these customer assets into BONDS. These negotiable instruments are given exotic names such as FISHNCHIPSBOND, DOUBLEBACONBOND, BEEFBURRITOBOND AND CHOCOLATESHAKEBOND. These securities are then listed on the Stock Exchange and traded on markets worldwide. No one really understands what the names mean and how the securities are guaranteed but, nevertheless, as their prices continuously climb, the securities become top-selling items.
One day, although the prices are still climbing, a credit risk manager of the bank decides that the time has come to demand payment of one of the debts incurred by Adam. Adam in turn asks his clients to pay up. One by one they refuse; the clients cannot pay back the debts. Adam refuses to serve them any more. The clients stop coming.
Adam is really screwed now. He cannot fulfill his loan obligations and therefore claims bankruptcy. All Bonds drop in price by between 80 to 95%.
The suppliers of Adam, having granted generous payment due dates and having invested in the securities are faced with similar problems. The meat supplier defaults on payment to the sheep and cattle supplier and claims bankruptcy. The Cheese supplier is taken over by a competitor; Adam lays off the cook and staff.. Bankruptcies soar, unemployment mushrooms.
The bank that lent the money in the first place is set to collapse. It is saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties with Adam commuting back and forth in his Executive jet and Mercedes 500SEL, brokering the deal.
The funds required to save the economic collapse are obtained by a tax levied on the citizens, most of whom do not eat Burgers or Shakes.
UNDERSTOOD?
I live in Michigan....and yes, we are in a recession. sm
Regardless of what the drive-by media says, we are in a full-fledged recession. Our governor even signed legislation giving big breaks to movie companies who come to Michigan to film their movies. Well that might be alright for the east side of the state, but that doesn't help us on the west side of the state. Electrolux and Bissell to name a few were only the tip of the iceberg. Our schools are going south in a handbasket also. Things just don't look good for Michigan. Especially now that gas is over $4 a gallon. I am predicting $5 by the end of the month, first part of July and any tourism dollars that would be spent here by out of state people or traveling locals, will now be kept at home. Michigan needs help, but then don't we all.
MI's been in it's own one-state recession for years
All forgotten here. Rumor has it MI was once a super-power, but not in my life-time. Boarded up, gravitti-ridden, poverty-stricken. Highest in unemployment, top-ten in foreclosures, top-ten in high gas prices. Our warted governor certainly is not spending our tax dollars wisely. My only salvation has been to not get in over my head. I drive a $700 car and bought my house for 13K. Gotta love the clean beaches, too.
POLL: Are we headed for a recession/depression?
Do you think we are headed there or already there. Some people have told me they think it is going to get really bad like during the great depression. opinions?
Haven't you heard? We're in a recession and/or depression?
so, why would there be a raise in benefits if there is no inflation?
gas prices
$2.21 in south Miss; lowest I've seen was around holidays, down to $2.09.
Prices!!!
Where I live(S. GA) too they get out early like 6 a.m. and are through by dinner or shortly after. Some advertise, some do signs and some both, just according to how hard you are to find. I think it is important to have a price on everything! That's my pet peeve. Some people won't ask if it is not priced. Don't set your prices too high. My mother gets upset that she cannot get her money out of something, especially if she bought it at a sale. I try to tell her some money is better than none. Her regular stuff we do at yard sale, other stuff we do on Ebay. Price big items where you might go down a little bit and smaller stuff where you might be willing to deal. If you will let a dresser go for 50 put 60 on it. The fun in buying is bartering with the seller for a deal. People will buy more if you give them a deal. I say quantity over quality. We go through and put a tag on our stuff the night before. You can find garage sale stickers prepriced at an office store or somewhere like Walmart, priced from .25 to $10 with blank tabs to. You can also get color coded ones and just make a poster board and say Green dot 0.25, Red dot .75, yellow $10, etc. this saves a lot of confusion and is easier to count up. Happy sales. Offer some cookies or cupcakes, keeps kids occupied while moms shop!
Gas prices
$3.26/gallon at Sam's Club in Palm Desert, CA 
Gas prices
Paying $2.75/gallon at the Kroger Store in South Texas. Get either 10 cents or 3 cents discount which is tied to grocery purchases. Glad to be working at home.
gas prices
Um, $3.99 in San Francisco!
Gas prices.
Really getting difficult. I am grateful I work at home. A month ago here in S.C. gas price was 3.17 a gallon and not it is almost 3.70 a gallon. It gives me pause to think. There are more contractors in Iraq than troops fighting and dying, and that does not begin to account the wounded, disabled.
Really. If Colonel Sanders was elected president and the price of chicken went up over 80%, would that give you pause to think?
Gas prices here in NY State
It's anywhere from $3.19-$3.25 a gallon. We're going away for a few days next weekend and I can only imagine how much it'll cost to fill up (Usually around $60.00).
Heads up on gas prices!
One of my friends called today and gas in Marion, Illinois is over $5.00 a gallon. I guess it's expected to go up overnight. You may want to call your local gas stations and see. Her local Walmart station was going up at least $1.00/gallon within an hour of when she had talked to them.
Wow, our gas prices have been steadily going down
The other day I paid $3.67.
haircut prices
$35 to $40; less if you don't have it blow-dried. For the works (cut, color, highlights), about $150. Toner may be more,depending on the salon. Tip is 20%, & don't forget the shampoo tech.
These are Houston prices.
Wow, it's interesting to see the different prices sm
Thanks for sharing your info on the hair cuts. I'm from Missouri and they are running on an average of $20 for wash, cut and dry. I never really knew if I was tipping enough or not.
First rule: Know your prices. sm
Second rule: Then again, it won't save you any money to drive all around unless you are making substantial purchases. If just one item is a little higher at Wal-Mart or the grocery store where you already are shopping, might as well go ahead and get it then. I shop first at the Dollar Store. Love Top Job and can't always find it anywhere else. Also, those old timey remedies include vinegar, cheapest and proven to kill as many germs as alcohol and bleach. Back in the day, I remember the ladies starting out the wringer washer (yes, I am that old) with the whites, then running those out to the side and reusing the water. I have actually wished a few times I had a wringer washer, especially after a hurricane. Then they started rinsing the clothes using the same water as long as they could for the rest of the stuff.
Make a list and stick to it, no impulse buying, take your coupons, maybe include a small cooler or thermal bag in your vehicle especially in the summer.
Check out the new lightbulbs, LED's and these new fluorscents, but beware of mercury in broken fluorescents if you are of childbearing age or have small children about, especially if one breaks. These are for heavy duty areas, the "light that is almost always on". From what I understand, there is no real saving if you just turn it on to get something, then turn it right back off. I had motion detection lights outside, but had to unplug it, too much breeze here on the coast and the trees constantly set them off. Almost choked on that light bill.
Some economist on TV was saying to shop the perimeters of the store and avoid the center aisles, this for both money and health reasons.
See something really cute and not too expensive at wal-mart? Started telling myself I bet I could get 50cents for that in a garage sale in 6 months. Not doing the impulse buying will save a small fortune; it really adds up. Don't look at the stuff while you are checking out, either.
Check out America's Test Kitchen, not long ago they had a program on making your own pizza in 30 minutes. If you have kids, that can save you a fortune, that is about the most expensive thing out there.
my grandmother made the most wonderful soup - from a soup bone and leftovers. She never threw away leftover veggies; they went into the freezer in little bags until needed.
That is another thing, cut back on the meat and up the veggies.
I do splurge on some things. I usually have canned chicken ready for cheater pot pie and frozen pie crusts. All 3 of my daughter-in-laws use that recipe now, great with leftover chicken or turkey, another thing to be frozen when left over.
If you do eat out, make it during the day when prices are down.
maybe I gave you one or two things anyway. Good luck.
Grocery prices
I haven't done any baking in almost two years, but decided to try to get going for this Christmas. So, I get my list all ready and get my fanny out the door and to the market.....just to give myself a heart attack!! A small jar of honey, store brand, $6.00, a large can of Crisco, almost $7.00!! Flour, $3.50! I wanted to make some Italian annisette cookies, almost $5.00 for a small bottle of anise flavoring. forgetaboutit! Holy Cow!!! How the heck do families with kids manage?
On our news last night, they said here in RI, where the unemployment rate is 9.3%, they said that 1 in 6 kids will go hungry....that just makes me sick.
I think I won't be doing much as much baking as I had planned on. This is just nuts! Oh, and have you seen the price of them lately?!!
Prices just keep getting worse s/m
Instead of throwing the meat away here, they have a list of churches that will take it for the soup kitchens, etc. At least they know it is going to a good cause.
We have been skimping more and more on meals. We are having more grilled cheese with soup, french toast or pancakes with sausage or bacon (when I find it on sale) and we were just given a deer that we had processed for ground meat and such. I have cut way back on snacks, a bag of chips and a bag of apples or oranges for the week. With 4 kids in the house, that goes fast!
Western NY prices
I live in Western NY and the major chain here, Wegmans, just lowered prices on a large amount of their groceries. The staples we all need. I really noticed a different in my grocery bill the last couple weeks. Flour 5 lbs $1.49, sugar 5 lbs $1.99, 10 lbs potatoes $2.49. Those are things I can think of off the top of my head. i go there and to the super walmart to keep my grocery budget somewhat reasonable and I use coupons.
I am getting really nervous about gas prices
creeping back up again. In my area it went from $1.59 to the present price of $1.99 a gallon. Any hope that it won't get to $4.00 again? 
Haven't seen prices that low in years around here - (nm)
nm
The reason is high gas prices.
All that stuff is transported by truck... they run on gas...
Did you check out the profits the oil companies made last quarter?
My husband says it is because of fuel prices...sm
The stores have to pay so much to have the food delivered because it costs the trucks so much in fuel. My husband drives an 18 wheeler and you would not believe what it costs to deliver those loads. He doesn't haul food. But the fuel price for what he hauls is insane. It cost about $6000 just in fuel to haul some chemicals in a tanker to Montana from Mississippi. That is not counting what the owner of the truck has to pay the driver for taking the load up there. So you can kind of get an idea now why the food is going up like it is.
Yes. Gas prices have shot up $.60 per gallon
in less than two weeks here. I drove the kids home from school one day, made a mental note to get gas, and the price had gone up $.25 by the time I got back to the gas station. Ridiculous!
I got it at QT in Austell.... you can check Atlanta gas prices....sm
at http://www.atlantagasprices.com - I'm seeing prices all around $1.99 to $2.04 posted on there from consumers.
Prices will vary in different areas of the country.
s
Fashion Bug - Good prices, very comfortable! - nm
x
Has anyone else noticed food prices going SKY HIGH???
Seems like everything is outrageous anymore!!
Agree totally; best prices and no union BS
x
Yep, we switched to Liberty Mutual last year. Best prices over everyone else.
No one could touch what they offered to insure us at. I do medical billing also and I work with them on WC claims so I know they are a good reputable company. Good luck.
I use Firemountain Gems - pretty good prices.
....
You can check prices on line at places like Wal-Mart and 1-800-Mattress, etc.
s
will high gas prices affect your spring/summer travel
j/c. I wanted to go to the beach this year but I don't think we will now. 
Gas prices hinder my trips, nope, got 3 planned for this year
Had planned 1 by air about 3 months ago and 2 others by chartered bus the end of the year so nope, prices are not hindering my traveling.
With the prices of homes and property taxes today, just about everyone is house poor.
It's so sad when you can't go out to dinner often, buy nice expensive things for yourself *just because*, go on lots of trips, go to sports things, see shows/concerts, etc., all because you own a house. I'd truly rather rent and ENJOY my life! :)
check out orientaltrading.com; has lots of pre-made kits you do yourself and good prices. nm
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sorry. forgot to mention Linda Chavez is in refernce to threads about high food prices.
nm
It's nice, but food prices insane and food is really bad,
xx
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