Looking on the bright side
I read a post the other day from jodycakes at Where’s My Damn Answer about what she was doing to ease the financial stresses that she’s been feeling due to the “media-created recession”, as she says.
Though I’m generally the look-on-the-bright-side gal, I have to admit that I’ve been fretting these last couple of days myself and reading blogs and downloading podcasts from programs I’d like to learn more from. Of course, this isn’t doing anything to decrease my fretting 🙂
The reality is that my IRA and stocks are barely down from the beginning of the year. Last I checked it was 5% but I haven’t looked in the last few days. Why bother when it’s so volatile? I think that I’m diversified enough that I’m not hit as hard as some.
But that doesn’t mean that I, a person steeped in the travel industry, isn’t effected. A friend in the publishing industry told me yesterday that purchases of books to European destinations is down 50% over last year for one book retail chain. And people are now actually considering travels to South America and Asia as a real possibility (remember when these regions were SO exotic?). While the flights might be slightly more expensive than traveling domestically or to Europe, once you arrive, your dollar can actually buy something.
I’ll have to wait and see about the long-term effect on my book sales and the tours I’m leading next year.
I don’t have big travel plans this fall so I’m not curbing my vacation plans. And, while I’m not really feeling the “stress” personally, I did choose not to do a West Coast book tour like the one I did last year after the release of my first book, The Essential Guide for Women Traveling Solo. Gas prices are just way too high for me to justify driving up and down the coast. Instead, I’m promoting For Women Traveling to India through my social network, on my website and by relying on fabulous travel bloggers to review it (hopefully they’ll like it, too!).
As for domestic savings. Jon and I aren’t eating out as much but that has more to do with wanting to stay healthy and my new found interest in learning to cook (I figured it was about time!)Â than trying to keep my IRA intact.
Has the financial downturn effected you and your travels? How so? And what are you doing about it?
Photo courtesy of vali o at Creative Commons
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