New Year’s Resolutions And The Global Financial Crisis

It’s New Year’s resolution time again. Or is it?
Real change usually takes a crisis of some sort. Maybe a doctor visit turns up something that inspires you to eat healthier. Or a near miss on the freeway convinces you to slow down. Without such motivation, resolutions tend to fizzle into wishes.
This year, we all face a common crisis: global financial troubles.

Suddenly unemployment rises, costs fluctuate, money is scarce. Even if you have a job, you’re concerned about whether you’ll have it tomorrow.
We’d like to know how the financial crisis has changed the way you approach the new year. What resolutions are you contemplating? Are they related to the financial crisis? Are you considering new options that in better times you might have overlooked? How has the crisis changed the way you view troubles in the rest of the world?
In any case, we’d like to hear from you.
All of us at CRS, from everywhere we are in the world, wish you a very happy and prosperous new year.

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22 Responses to “New Year’s Resolutions And The Global Financial Crisis”

  1. Peggy Liquori Says:

    My status has not changed too much. We are on a semi-fixed income. My pension, from the Archdiocese of NY, does not change. My husband has till now received cost of living increases on his pension(we are not sure if this will continue) We have modest increases in Soc. Sec.

    I still will give to my core charities. I am very aware of the needs of the world around me and will try not to cut back on my overall giving, although I may spread my resources between more charities.

    I try to give my grandchildren meaningful gifts, experiences such as lessons, performances, rather than consumer items, but this has always been my practice so I do not believe I have much impact on the consumer index for goods.

    I worry for future generations.

  2. Gene Gagnon Says:

    I do what I can do and let God be God. If I am really putting my trust in God, what I get is what I have to work with. I make it do.

  3. Donna Marie Says:

    Yes, my resolution relates to the finacial crisis. My only resolution is to set and stick to a budget this year.

  4. Robert L Crook Says:

    The financial crisis will have some effect on our style of living as a retired couple, cost of food, cost of dining out to be curtailed along with cost of travel. Investment will be carefully scrutinized and educational asssistence to 3 granddaughters to be appraised. Hopefully this can all be managed with carefully thought and hopefully we will be able to adjust down and still enjoy a good style of life.

    Perhaps with the new administration we will recover our economy in a few years and all people will have their life enhanced.

  5. marycambo Says:

    We in the U.S. live in the summer camp of the world. We have so much and they have so little; it has never seemed fair. Our going without what we may be used to is still having so much more than most in the world. So at least we can give financially what we can and pray for those who need the basics of life–food, clothes, and a place to sleep in peace. And most of all, we can pray that there will be responsible leadership that will lead to peace.

  6. Retired Catholic Says:

    I am filing for Social Security several years earlier than I intended.

  7. James Brown Says:

    I am considering looking for a roommate or living in a shelter

  8. Carol J. Griesemer Says:

    I don’t think it has changed my perspective much, if at all. I am regularly aware and concerned about the plight of others who have so much less than most of us in America have. I regularly do what I can to help change coditions that contribute to their suffering. That is, I correspond with our gov’t leaders and representatives re my concerns and try to influence their views re people in other parts of the world and how we can be of genuine help to them; and I evaluate which funds offer the most/best help for immediate needs.
    If there have been any changes in my behavior, I may be having to cut back some on contributions because of my own finances, and I am probably evaluating, a little more, what I really need and what are just “wants”.

  9. Rosemary G Says:

    I have never been one to waste food. We eat every leftover thing in the house smorgasbord style until every bit is gone. I have the most unusual lunches at work! But lately when I don’t have quite as much leftover as I thought I did, I don’t create something new to add to the “buffet”, I just go a little hungry. It’s a very true reminder of those who go to bed hungry every night.

  10. Julie Walker Says:

    My comment is that after 30 years working in the financial services industry, I find myself unemployed and for the first time, not able to give freely to charities such as this one. What a foreign feeling to be on the needing end.

    As I’ve had time to reflect, I would love to work my last 5-10 years for an organization that has meaning to me. Does CRS have any job opportunities? Let me know and I’ll gladly submit my resume. Thank you, God Bless, Julie

  11. June Lawniczak Says:

    It would be very easy to “tighten the purse strings” and reduce or stop making donations to organizations such as CRS. But now is not the time especially since the financial crisis is global. Help is needed more deperately now then ever.

    I would suggest all of us make a New Year’s resolution to cut back on spending in a way that does not hurt those that need our help.

  12. Michelle Newton Says:

    Things were tough enough as it was, my husband is permantly disabled and I work full time. If things dont get better financially, Im not sure what our family will do.

  13. Sandra McCally Says:

    The financial meltdown has had a very substantial impact on my plans to retire. I have to keep working for at least 3 or maybe more years.

    HOWEVER, if that is the worst that can happen it is nothing. I have the essentials and will continue to give to my charities and support the children I foster. Many people NEVER retire and never have life’s essentials. I am going to make it a daily part of my prayer and reflection to remember what is truly important and give thanks for all I do have. Most people in the world would love to have my life.

  14. Elizabeth Rogers Says:

    One step I’ve begun to take is when friends or relatives want to give me a gift, I suggest that what would please me most is that they make a donation, in my name or in my hnor, if they prefer, to a charity of their choice or make a microloan through Kiva or another organization that advances capital to persons needing money to start an enterprise to support their family in a oor country.

  15. Ginny Kaschmitter Says:

    My husband and I have a small engineering consulting business and our major client is in Europe. So far the outlook for 2009 is not much different for us, but we don’t expect our good fortune to continue. We are going to be more careful with our spending and we hope to save enough to be able to contribute more to our special charities; the need is only going to grow.
    Yes, unfortunately, the global financial crisis and the global food crisis are related, as are all evils. Fear and greed are the engines that drive us all to break the first two commandments.

  16. Barbara Says:

    it’s always been helpful for us, to live within our means, all these years. we have been out of work and back again in the last two years. all i can say is, i’ve read in the papers about certain countries hoarding their food supplies by not exporting it. well now, this is not the time to do that.
    I pray that I can continue to maintain our charitable contributions and try to increase if possible and not give in to my fears of ‘what if tomorrow…’ it’s important to remember that little widow who gave out of her necessity and not only when it was convenient.
    i hope and pray for everyone who is of such good heartedness and love for the pure reason of loving God who gives us so much. I convey a huge thank you to all who work and volunteer for CRS and other organizations who do this wonderful work. it reveals the face of Christ in the world. God bless you.

  17. Barbara R. Kingston Says:

    I am 81 so have family if not clear individual memories of the Great Depression. I have though regretfully the last few weeks that my lifestyle has not changed appreciably over the last months. I tithe each month to the church, church related charities and other conscience driven organizations. At the beginning of this month I wondered what more I could do if I carefully watched my spending. Tonight the “world” economic crisis came home to me when I heard that one of my sons had lost his job in a company lay off. I already help my daughter who is a single mom and now, if necessary, I will help my son, but I still look forward to the end of this month (and coming months) to see how much I’ve been able not to spend out of my monthly income, or to put it differently, how much I’ll have to give to the hungry here and abroad through organizations which address that need. Maybe I’ve kind of made a game out of my cutting back, but I sincerely believe that I, we, all have responsibility for the well-being of our neighbor . . . anyone in need.

  18. Sister Mary Schmuck, RSM Says:

    In this Catholic Charities’ office January calls to parish contacts (47 parishes in 19 KY counties), I’m carefully conferring with them about what is happening in their area, urging them to examine and upgrade their parish response, and this office will build toward region deliberations on this topic.

    God help us all focus on the common good and protect persons who are poor and vulnerable! We have been given many gifts toward this end!

  19. James Heines Says:

    On the domestic front, when the wolf prowls around all of our doors we begin to see the man working a sign on the street corner from an entirely different perspective. I can be highly critical of our economic system and am quick topoint out the holes in our social net when compared to the rest of the world but it is a scociological fact that we are givers with our resources, by far and away exceeding the rest of the developed world in contributions of time and money to charity. I am curious if the chill of the economic times has constrained this American tendency or if we are showing our true colors and as many of the subscrberiers to this blog work in the field, what can you report?

  20. julianna Says:


  21. Mary Says:

    I feel fortunate to have a job and to be able to pay my bills. Even though there is not enough to put into savings, I can, at least, pay my rent and bills. I have resolved to increase the amount of food that I give to our parish food pantry. I am also resolved to continue my charitable contributions because there are many who need our help even more! I believe that it is a blessing to help even one person. It is my way to say thank you to God for the good God has given me.

  22. Michele Says:

    I live in the mid-west. I quit my full time job and got a part-time job. Crazy you say at a time like this…but it was necessary to achieve what I had resolved …to be a better wife and mom. My husband has a secure full time job and we have a small farm. By quitting my previous employer who was downsizing I was able to help save someone else’s job (Most were the main breadwinner of a family.) and I was able to improve my home life. It has made us stop eating out so much, have time to cook, and to not spend money on “wanted” items instead of on just “needed” items. The kids are learning what truly matters in life. We resolved to have a garden this year, showing the kids the rewards of hard work. As a family we resolved to more to our community. The kids were not learning much when we just gave money to organizations.

    Our family life seems to be better when we are “poor” moneywise but is “richer” family wise. I think some individuals will have a hard time and my heart goes out to them. But I believe this financial crises in the USA will be good in other ways for our country. It is pulling people together, we are being less wasteful, we are getting back to basics.

    The USA has been like a spoiled child that needs to be shown tough love, especially the corporate world. We need to pull together like other countries and also look how the rest of the world lives and see we still have it pretty good compared to many others.

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