Do You Feel Like Piggy Banking
Posted on 29. Sep, 2008 by Karen in Resources
I don’t know about you but I can’t even watch the news these days without feeling anxiety over how the economy isn’t doing. Last Thursday, I started watching the 1/2 hour of news I now allow myself each morning — it’s all I can stand. The expert being interviewed on the economy stressed me out so that I had to cut my news allotment in half that day.
Now lest you think I live in a cave, I’m on the computer all day getting those pop-ups on “breaking” and usually bad news from the New York Times. And these days, the bad news seems to be about stocks, money and banks. Do you feel like putting your money in a piggy bank these days?
Since there have been two major bank crises in the last week, you may be wondering how your bank is doing. If you’re curious, check it out at Bank Rate where you get a detailed report on the condition of various financial institutions. And it’s fair to start asking questions about whether your money is safe.
It’s not time for panic but it is time for being as informed as possible.
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3 Responses to “Do You Feel Like Piggy Banking”
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ByJane
30. Sep, 2008
I’m hyperventilating.
Karen
30. Sep, 2008
I so know what you mean. It’s been chaotic!
Karen
Meg
01. Oct, 2008
Its hard to watch and even harder to experience. We live close to Charlotte, major headquarters for Wacovia Bank which was bought out this week by Citicorp. Thousands of people in our area facing potential layoffs. It is scary.
Scary too when you log into what Retirement Savings accounts you have, be it a 401K, 403b, etc and see the 7-10% drop in value overnight. It is truly a time to be wise and prudent.