Am I well-equipped enough?

Since the pay-cut announced yesterday, I kept on wondering... am I well-equipped enough with this economic recession that will last for more than 9 months? or maybe last till 2010?
These questions keep on pop out in my mind...and I kept on thinking these questions...
- What if few months later we lost our job?
- How are we going to survive if the economic depression goes on for more than a year?
- How long does it takes to recover?
- How the price will goes up once the economic recover? Things are going to get expensive...
- Should I invest in house now? Is it a right time?
- How much should I save for the future?
- I earned a fix income a month and the expenses keep getting higher with all the prices getting higher eg. petrol, food, etc.
haiz~~~~
No money no talk~~~ haiz... sienz.... how come got Great Depression one?
sienz....

Effects of Economic Downturn

Hai~~~ sad ....
early in the morning call for meeting in the office at 10am.
we had a meeting on trying to reduce cost by cutting our pay and performance incentive.
guess that this month is my last month of having my full salary....
sad :-( sob sob *~~
But, no matter what, I am still bless with a job compare to others.
Pay cut is only the first options to go when company facing problems in cash flow.
2nd only will be retrenchment.
I really hope that I won't contribute to the number of retrenchment that we always read on newspaper.
Our boss announced that our pay cut will last for about 9 to 12 months. ---that is long!
Hope economic will turn better in the 2nd half of the year...
God Bless us !
Spend wisely...