03.15.08
Umm … when do we start worrying?
The exchange rate is a cruel, cruel thing. It’s one of those things that I never thought about before I moved overseas. But now I watch it way too often.
Here in Italy, we use Euros, which happens to be a very strong currency right now. Our “paycheck” is in dollars, which happens to be a very weak currency right now. Put those two facts together, and my average, three-bedroom apartment which used to cost around $850 is now over $1,000. And that’s over the course of just a few months!
I think we’re hit doubly hard here in two areas: housing and groceries. Both of these are things that can be trimmed only so much. A family of nearly 6 can only cut out so much food and so many bedrooms!
Jason emailed us a link you may have seen which basically indicated there is no end in sight to the dollar’s drop.
So when do we start worrying? Does a point come where we all pack up and go home because it costs too much to live here? Do our supporters even understand how horrible it feels to raise all of this money and watch it disappear just because of some silly world currency market? The thing that really bothers me is not so much that things cost a lot of money, but that I feel like our supporter’s donations just go right down the drain because of something none of us have any control over.
I think Jason had some great advice for us in his email, “Read it. Be aware. Don’t worry. God is big. Keep praying and cinching your belt. Let’s be more generous.”
John said,
04.08.08 at 3:00 pm
The economy has been on the downslide for sure. Sounds like you have the same concerns as we have in the States. But, I am sure things are in God’s control and He is fully aware of the need to take care of our families. God is bigger than the stockmarket!