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Financial impact of Coronavirus. Anyone else?

32 replies

NormHonal · 02/03/2020 18:10

Just want a place to have a little moan. I know that health is more important, we have a roof over our heads, etc etc. We don’t actually have the virus and all on that front is well.

But. This whole thing has hit us in another way we didn’t expect. We’ve not had much cash to splash In recent years since doing up our house. No nice holidays, no new bikes for the kids, etc.

An investment was due to mature soon and so we’ve been busy planning it all. Ok so it was linked to the stock market, blah blah, but a really stable long-term investment, which should have been fine. And we were going to pay some things off and have a bit of fun.

And now with corona the stock markets have dropped all of a sudden and the value has pretty much been wiped out. We’ve waited so long for this and we worked so hard for that money. I feel so sad. I’m not quite sure how to tell the kids that the bikes and holiday won’t be happening after all. Not yet.

I suppose the silver lining is that no one wants to fly anywhere at the moment anyway.

Is anyone else feeling the financial impact who can relate to this?

As I said at the start, I know we’re lucky and that health is more important, but this isn’t something I can moan about to anyone IRL so please be kind in your comments, no “diamond shoes” etc. And yes I know we can get secondhand bikes, but for once the kids wanted new ones, not hand-me-downs.

OP posts:
VodselForDinner · 02/03/2020 20:12

I’ve lost just over £13k on shares since Friday. It absolutely sucks but investing is risky and I’m just going to have to suck it up and hope there’s a quick recovery.

KoalasandRabbit · 02/03/2020 20:30

Ours aren't cancelled yet but France has cancelled school trips today.

www.connexionfrance.com/French-news/Covid-19-in-France-Events-cancelled-and-schools-shut-as-epidemic-continues

Ulvie · 02/03/2020 20:55

I'm being made redundant shortly. A lot of the jobs I'm interviewing for have gone on hold. I'll get 4 months salary but things will be really tight if I don't find a job by then. I'm the main breadwinner in our family.

Ulvie · 02/03/2020 21:16

I know it's the DM but this is alarming reading.

Stock market is braced for more falls this morning
mol.im/a/8064373

Sportbilly · 16/03/2020 18:38

I have lost circa 35k ish in my pension pot in Q1 2020...jesus how sobering

AuntieMarys · 16/03/2020 18:43

I've lost £70k in pension investments. Feel sick. But it's a long term thing. My ex has lost a load more .

wheresmymojo · 16/03/2020 19:12

We have a thread going here:

A thread for direct financial impact of Coronavirus... www.mumsnet.com/Talk/coronavirus/3848219-a-thread-for-direct-financial-impact-of-coronavirus

New posts on this thread. Refresh page