With the global financial crisis being in the news constantly, I am beginning to wonder exactly how bad things are going to get.
Mr. CJB and I are in the position of being 'relatively' comfortable on a day to day basis - we have some savings in the bank but nothing over the threshold where we wouldn't be compensated if our banks went bust. I'm starting to think we're fortunate, to be honest - I'd be absolutely sick with worry if we had tens of thousands tied up in various banks, and I feel so sorry for people who've found themselves victims of banks that have got into financial trouble, especially older people who are losing retirement funds and money they won't ever be able to replace.
Even though we're told that people will be compensated, this is clearly not going to happen overnight. What will people do to fund themselves in the meantime? What would you do if you couldn't access your salary, your savings, use your credit card etc? Will cash become king?
I don't usually keep a huge amount of money in the house but I'm wondering whether I should start... does anyone else think the same (without giving away addresses and inviting people to burgle, of course!!), or are you happy that the Government will stop things reaching a complete meltdown?
