Given the state of the current economy, what steps have you
taken this semester in order to conserve money? What sort of pressures
does this apply to your day-to-day routine?
The state of the economy is very dire and thus I have taken many steps to try and conserve money. Just conserving money, however, in this current situation perturbs me. This is because my personal economic belief, when it comes to recessions, is the society should spend their way out of it. This deals with many complicated economic theories and do not belong in this article. The steps previously stated that I partake in include: not going out to eat, cutting out spending on excess items, shying away from upgrading electronics, and spending less on Christmas presents. The economy has also forced me into a very tight position. The source of all my money for college has dried up because of the stock market crash, thus I now have to take out loans. I am a movie producer and because of this I will not make money for at least five years out of college. How am I supposed to feel comfortable taking out loans when I know I will be coach surfing until I am twenty-seven? This adds an insane amount of pressure when it comes to school and the future. As to school, now I am graduating in three years and killing myself for the best grades possible (for scholarship). The two previous statements are not the worst; the worst is that there is always a worry in the back of my head that the money is just not going to be there when the bills come. As to the future, I now have to make sure whatever job I have makes enough to support loan payments. This will probably mean working multiple jobs for at least three years. The day to day pressures seem very easy to deal with compared to the future which does not look bright. I never realized the recession effected everyone; I thought I was a solitary case. However, this idea was drastically changed when the dean of students requested a meeting with a group of students in my dorm. I attended and told my story and others told theirs. Every student was negatively effected by the state of the economy. This effect was not small of every nominal in each story. Every student’s financial situation has drastically changed for the worst in the past six months.