ya, cutting back. I mean the news is like so bad.... I only worked for like 8 years so I don't really remember the 1997 financial crisis (studying) but I dun think it was anywhere this bad.

People are saying like this is a once in a 100 years thing.... kind of sad for people who bought a property during the 2007 peak....

Even if you have the extra money, you are tempted to go into a massive savings mode because there will be huge bargains in property/stock like 2 years down the road. No reason to spend money now as if you can save enough money in the next 2 years and pick up another property or something, it will really be a good safe investment