Anyone else feel they will lose everything now?

[SouthWestmom]

Dh earns a decent wage but with four kids and one at uni plus a high mortgage we have very little buffer. His job will probably go if the economy slows. I can't work because of caring duties. We probably have a full months worth of expenses in savings.

It's not just staying in for two weeks. It's if he loses his job. I just can't see us surviving months of this.

Was out today getting some food in and it was all so surreal. Like walking through treacle, not being dramatic but something we can't even see is taking so much away from so many people. And of course the poor families who have lost relatives. It's the not knowing how it will end that's the worst bit.

I'm a chef at a small business.
We won't survive this!
I'm sick with worrying and I can't think straight.
Dd1 is a nurse so is on the front line so to speak.
Dd2 should come out of it relatively ok

Here in France, we are all stuck at home now. DH lost his job before Christmas and had landed another two but both offers were withdrawn last minute due to hiring freezes due to CV. My company did a freeze too and was talking redundancies to avoid paying us sick leave while home. Just let the government pick up the costs.
It’s terrifying as we have already been pulling from savings for four months to think do we have another four months worth? And to replace both our incomes? But I’m telling myself everyone in France is facing the same problem. Hopefully we will get through it. Even if the military have to start going door to door handing out food rations.

Just a thought sorry not trying to make it all about me, but would you allow viewings on your house at the moment ?

Neal Ferguson's model says these containment-delay-supression conditions will go on for 18 months.

@DeRigueurMortis They're lucky to have you. Hopefully many landlords will exercise the same level of understanding.

Some really awful stories in here. And a nice one.

No to viewings.

My husband is self employed. A very quiet November and December due to uncertainty over Brexit and the election ate into our savings. January and February were slightly better but a large tax bill meant we still made a loss. Now this has hit and all his jobs up till the end of June have been cancelled. We can survive on our savings and my tiny wage for another two months, maybe three if we are incredibly frugal. After that we’re screwed.

DH and I could scrape by if we both lost our jobs. Mine is government funded and I’m hoping it’ll be okay. My brother and his girlfriend are both out of work from today...they have high rent and no savings. We’re lucky to have spare rooms so have told them they can move in with us if they need to. It’s about all we can do.

Everyone is in the same boat. I sit and think it’s just us but everyone is affected financially. Not many people will be completely unscathed x

I just hope that many other people feel the same

I am doing what I can.

I'm going to have to ask my cleaner of 15 years not to come from next week. Her immune system is poor after cancer treatment and she is a risk to us as I know she will feel she has to work even if she is unwell as she relies on the money.

I'm one of her major clients and I know this will hit her hard financially so I'm going to continue to pay her as normal for as long as necessary. Luckily I am in a position to do this as I see little or no help for people like her from the Govt at the moment.

In France they have announced 300 billion for loans to help businesses. The UK should do the same.

I'm a self employed cleaner. A couple of my clients are elderly. One has said they wont want me to go ,which is understandable. I've got no savings. Whether any other clients will cancel I dont know. Luckily I'm on UC too to top up my earnings. That will be increased but wont be enough to live on if several people cancel me. But there are loads of people in that position and loads probably in worse situations.
A worrying situation

It's going to hit everyone and every business (and thereby the public sector, funded by taxes) very hard.

Everyone is asking for govt recompense to see their way through but I can't see how any Govt anywhere has the money to bail and pay everyone who will be affected.

I was rather amused that R Branson claimed that the UK Govt needed to pay out several billion in order to "save" UK Aviation; my immediate thought was ''sell your Island mate" - the Brass Necker of the f*cker is priceless really....

At least all economies, worlwide will be equally

Yes, I am really sick - I am worried that I will lose my life.

I am thinking of all the things that I didn't do in life.

@Annacarter what field is your DH in? My DH is in tech and will still be recruiting as they are really ramping up, so not everyone is stopping recruitment.

My family has been in self isolation on hospital orders from last weds as our son had to be tested after we took him in thinking he had meningitis...no results yet as there's a backlog- I am not allowed in to work without the negative result, yet my husband has gone in as he's not shown any symptoms- they were quite keen for him to go back, as were we because he won't get paid otherwise! It's a stressful time for so many!

We are farmers and I work in the agricultural sector, I think out of all industries ours is likely to be the safest as no matter what happens people still need to eat.

It is a terrifyingly worrying time for everyone though and I’m not sure how small business will be able to keep going

We are going to try to continue to pay music teacher, yoga teacher etc... because we look like being paid so will try to make sure some of that money still flows to those who need it.

Music teachers are teaching online, with pupils sending videos or skyping lessons; yoga and pilates teachers are offering online classes; our gardener can still plan. We might see if we can get our after school nanny to work for us in the summer.

Both dh and myself work/ed in the airline industry. My jobs already gone and he's on unpaid indefinite leave.

We have a bit of savings but yep we're pretty fucked.

Yes. I’m a self employed single parent and all of my work has been cancelled (in events and entertainment). I’d saved up for years for a dream holiday this August for me and my little boy and god knows what will happen but might not be refunded unless foreign office advise against travel and I could desperately use that money right now.

Ive worked so hard for years to build up a little savings for my little boy after being left with debts at rock bottom by his dad and now it will all go and we will be back where we started.

I know I’m lucky to have savings but it’s just so shit. Sorry needed a self pitying whinge as I’m having to be optimistic and positive at home.

My house sale was/is due to exchange and complete this week, if it goes though 🤞🤞🤞🤞 I can survive financially.
My tenants have all ready asked about rent but there is nothing I can do I’m self employed and won’t get a penny.

Most sensible person in all thos is my mother and she isn't usually. "Bloody ridiculous, I'm 83 and I'm living every day as though it could be my last and enjoying myself. You know darling, we didn't win the war by running away".

And I'm minded to say it's a nasty, chesty flu, not the bloody plague. Almost every fit person, includong the elderly, will survive this. I am wfh from tomorrow and my job is secure. I would much prefer to be at work - I switched the lights off tonight. Bloody ridic!

Military officer and civil servant here.

We live in married quarters. Rent out one flat, no mortgage. Other flat has a mortgage. We could still afford to pay for the flat if the renters couldn’t, we have already decided to allow them to not pay rent in the short-term or a much reduced rent if they lose their jobs.

Loans is not enough - if you take on debt to carry on and it goes on for 18mths to 2 yrs which is short for economic recovery

I am thanking god its happened this year and not in the last 3 or 4 where we were hand to mouth - we took loans and are still paying those back but also have some money in the bank - 3 to 6 mths at a push

In many ways we are lucky as we planted many seeds with businesses not just about work we were doing with them but for future things and actually some of these are things people can do from home whilst working and we have already had a couple of enquiries on that front.

If I were most people I would be sorting out what are essential spends NOW and cutting everything back hard, sorting things and putting aside things to sell later (can't really now) and starting to have some brainstorming about other ways money can be eart through different businesses - on line training, hobby courses etc. A friend of mine does mainly event organisation but she has a canal boat she hires out and her hubby is also self emplyed supplying pubs and restraunts.... she is selling his cakes on line - bit like Apple Mortgage Cake the film! But yes alot of tough decisions to make

I think I am going to call my biggest debt holder and see what I can negotiate short term, DH had been pulling my leg that I was struggling to let go shopping yellow sticker and keeping costs cut back hard but now it will stand is reasonable stead.

Bog roll might be an issue but I recently replaced alot of towels and put them in the dog pile - sewing machine might have to come out to make some reusable wipes... for the less messy dos! We will also have to learn to use water & jugs or bottles

Lets hope we manage to keep lecky supplies and water going.

I have been upset today thinking about the people we will lose though - Especially as currently on day 7 of iso and upset haven't been able to go and see my Dad who is terminally ill anyway. I wanted to hold his hand as he goes and sit by his bed and keep him company like I did Mum in November and I may not even get to say goodbye properly. That is what matters to me.

We will come back from this BUT it will be a hard road and alot will go by the wayside