Saturday, March 7, 2009

Bad Economy hit nearer to home

*Deep Breath*
As much as I try not to talk about how tough life is for those who need money to survive nowadays (Now Who Doesn't?!) , it came knocking nearer to home. *eyes rolled*

My eldest SIL had been given the 'Red Card' this week. She is out of the game now. The game of working for a onced stable company who recently hacked more than half the staff size. Oh well, her retrenchment fee is pretty awesome though. But still, with 3 kids to take care, a house which has a monthly installment double of mine AND the expenses used by my PIL; the burden of a household of 7 people entirely on the shoulders of my eldest BIL. Tough!!!

Remember I mentioned that Allan has cases which were on the bubble? Its been confirmed that one of them had burst. Reason? The buyer of the company had been retrenched too and with the pathetic pay from the new company, the Housing Development Board refused to grant the entire loan amount. With over 90,0000 more to pay in cash, the poor man had no choice but to call off the deal. Which means Allan's potential commission just went 'POP' too. *Sigh*

3 comments:

Something About Us said...

the recession hits everyone :(

Woman in a Window said...

still batting for you...

Angeleyes said...

It is scary to hear of stuff like that... Sometimes I felt relieved that I'm not working in Singapore now. Maybe I should thank my hubby for deciding to go back to M'sia instead after the earlier economy downturn.