What Are You Doing To Mitigate The Impact Of War In The Ukraine ??

[The Samaritan]

You have noted over the last few days that diesel and petrol is going up
on an almost daily basis. Today, local station diesel at 177p lts and their premium diesel at 184p ltr. Petrol I think was at 174p. My son tells me a supermarket 5 mins drive is selling diesel at 159 and petrol 154p

Gas and electric prices shot up before the invasion and were due to go up another 20% in April and another possibly 20% Oct. However, the only thing for certain now is they may go up by a lot more.

The stock markets on the whole are crashing unless you are holding mining/oil shares along with those that make weapons or supply them.

The supermarket basket had been going up.

Holidays, we were planning breaks in Amsterdam and Paris now we are not sure.

People with mortgages are worried

What we have done is filled up all of our cars yesterday and that does save us a few quid as cars hold just under 90lts each I think.

We have not gone on a fixed dual fuel tariff atm as undecided and unsure what to do.

Lets all hope there is peace soon but even them the impacts will be felt for a long time to come.

 

[The Samaritan]

Interesting read. I agree with most of it.

https://www.independent.co.uk/news/...est-news-putin-ukraine-refugees-b2029888.html

https://www.independent.co.uk/news/...est-news-putin-ukraine-refugees-b2029888.html

 

[joe384]

Food will get even worse as russia is halting fertilizer exports

Not sure there is much I can do really to offset all this

 

[Odds]

I've stopped drinking vodka; will that help?

 

[ReganAndCarter]

Luckily we have no mortgage, no kids, no loans, no flash cars on finance and pay for things we can afford as we go along. The way some people, especially with families, treat money and debt - unfortunately they are going to come unstuck. Know several people with telephone number mortgages, 4X4s on finance and live on their credit cards/bank of Mum and Dad. They were already on the edge before plagues, Brexit and war. Fook knows how they will cope.

Example of how some friends carry on. One ordered some hybrid POS last Nov on the drip for £36,000. Delivery due now, but their business has suffered because they sell clothes online and Brexit has screwed their sales to Europe. Had to cancel at last minute, losing their £1,000 non-refundable. Lowered themselves to buy a 10 year old Merc, but probably done themselves a favour. Still, I suppose the economy needs people to consume.

Anyway, I'm off to Prague next week for 7 nights on the lash. Let the good times roll!

 

[AngleEyes]

Food will get even worse as russia is halting fertilizer exports

That'll help to definance the war.

 

[The Samaritan]

Food will get even worse as russia is halting fertilizer exports

Not sure there is much I can do really to offset all this

Thank you I was not aware of that.

Those wanting to ban all exports A-Sap are unable to see beyond their nose.

Putin said he saw the lead by UK on sanctions as an act of war or something like that. I can see his point
as if putin was to cut off all gas/oil etc I would consider that as an act of war or he he increased prices to a level where it wa not affordable

In all this our good friends Saudia Arabia that we sell billions of pounds worth of arms to so they can kill others, how are they helping the UK??

 

[The Samaritan]

I've stopped drinking vodka; will that help?

Not really lol unless your are drinking like some of our Russian friends, lol.

If you want to help, don't buy a Lada

 

[The Samaritan]

Luckily we have no mortgage, no kids, no loans, no flash cars on finance and pay for things we can afford as we go along. The way some people, especially with families, treat money and debt - unfortunately they are going to come unstuck. Know several people with telephone number mortgages, 4X4s on finance and live on their credit cards/bank of Mum and Dad. They were already on the edge before plagues, Brexit and war. Fook knows how they will cope.

Example of how some friends carry on. One ordered some hybrid POS last Nov on the drip for £36,000. Delivery due now, but their business has suffered because they sell clothes online and Brexit has screwed their sales to Europe. Had to cancel at last minute, losing their £1,000 non-refundable. Lowered themselves to buy a 10 year old Merc, but probably done themselves a favour. Still, I suppose the economy needs people to consume.

Anyway, I'm off to Prague next week for 7 nights on the lash. Let the good times roll!

A very factual post indeed.

The only money we have ever borrowed is for a mortgage. All the cars and both of then cost loads of money were cash.
We also keep a bit aside for rainy days and like you said, I too am staggered how some people live ie hand to mouth
and several loans.

We use a credit card but the 30 odd years I've had one number paid a penny in interest actually use it to our advantage.

Having said that, the price of eletric and gas but we will continue to use the clothes drier several times a week but may consider using less in the summer and hang out some of our washing and then half dry, dry it in the drier as it does make it softer especially when I add that softening tissue to it.


Not sure how true but on the radio Talk radio the guy on about 11-30 was saying the petrol companies were making bigger profits and could easily drop prices.

 

[Notch7]

Well I’m doing my bit by challenging the lies spread by the humanitarian.

 

[Ihavenojob]

Food will get even worse as russia is halting fertilizer exports

Plenty of manure on here, so no need to worry, yet. Hopefully the fuel problem will be short lived-as long as the war is. I've not been using the car much lately so not noticed the cost, but have been told my gas/electric is going up vastly. Fuel prices are having a knock on effect on most things, expect Royal Mail and other delivery firms to put their prices up (that includes fast food delivery). Things are going to get worse, but will get better. But look on the bright side, thank God we're not in the same boat as Ukraine.
PS, not trying to be flippant, just chipper.

 

[foxhole]

I’m keeping my eyes shut. I was going to bury my head in the sand but have you seen the price of sand!!

 

[The Samaritan]

I’m keeping my eyes shut. I was going to bury my head in the sand but have you seen the price of sand!!

Costs nothing keeping your eyes "shut," but a free tip, don't do it whilst you are driving.

 

[diy_fun_uk]

Luckily we have no mortgage, no kids, no loans, no flash cars on finance and pay for things we can afford as we go along. The way some people, especially with families, treat money and debt - unfortunately they are going to come unstuck. Know several people with telephone number mortgages, 4X4s on finance and live on their credit cards/bank of Mum and Dad. They were already on the edge before plagues, Brexit and war. Fook knows how they will cope.

Example of how some friends carry on. One ordered some hybrid POS last Nov on the drip for £36,000. Delivery due now, but their business has suffered because they sell clothes online and Brexit has screwed their sales to Europe. Had to cancel at last minute, losing their £1,000 non-refundable. Lowered themselves to buy a 10 year old Merc, but probably done themselves a favour. Still, I suppose the economy needs people to consume.

Anyway, I'm off to Prague next week for 7 nights on the lash. Let the good times roll!

To me your point goes beyond what's happening in Ukraine and can be applied to life in general. I tend to live within my means so I have a financial safety net. Many don't do that. For those that simply can't (don't earn enough, struggle to make ends meet even though they live frugally) I have a lot of sympathy. For those that choose to 'spend it as they earn it' I have less sympathy.

However, although not defending anyone, it's the system we've created i.e. the capitalist model. Economic growth is demanded 24/7, which requires 24/7 buying and selling. Me and my old mum sometimes joke it's a good job for the economy not everyone's like us ... I have 5 year old trainers that I still think of as new

 

[ajohn]

The fertiliser according to C4, may have channels mixed up, is a triple whammy. Ingredients' actual fertiliser and gas needed to produce it. We are having some Russian LPG delivered shortly. Or maybe LNG. That was C4. We are having to pay top whack for it too.

Defence budgets will soar so put your money there. If you can get into Turkish drones do so. Selling at $0.5m each. A bargain compared with others and effective but already used on civilians in Africa. The missiles are cheap too, even more of a bargain.

Futures on grains might pay well and a number of other things if not already bought up.

Sounds like a depression may be likely to me but some as always will make money out of it. IMF is saying it will effect the global economy. I hope that is all it does.

Last but not least as the various forms of charity collectors crop up don't use them. Go directly to the site of who ever it is and set it up there. Then they will get all of it. Beware of new ones.

I can understand Ukraine not being too bothered about all of this.