{"id":2140,"date":"2018-09-14T01:52:09","date_gmt":"2018-09-14T01:52:09","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/how-the-financial-crash-provided-some-a-new-life-and-new-hope\/"},"modified":"2018-09-14T01:52:09","modified_gmt":"2018-09-14T01:52:09","slug":"how-the-financial-crash-provided-some-a-new-life-and-new-hope","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/how-the-financial-crash-provided-some-a-new-life-and-new-hope\/","title":{"rendered":"How the financial crash provided some a new life and new hope"},"content":{"rendered":"\n
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\n Sally Hunter<\/span><\/p>\n

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\n Sally Hunter joined an online dating service after deciding “life couldn’t get worse” and met her future husband, Mark
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How would you cope if an international financial crisis turned your life upside down? Could you handle a drop in income or losing your home? Or would you rise to the challenge and change your life for the better?<\/p>\n

Life was never the same for millions of people after the collapse of US investment bank Lehman Brothers<\/a> in September 2008.<\/p>\n

Ten years on, we asked two women in the UK how their lives had changed. This is the story of two Sallys.<\/p>\n

Sally from Birmingham lost her job as an events manager and had to do a combination of bar and temporary work in order to survive.<\/p>\n

Sally from Essex had to make people redundant at her company and ended up moving back home with her mother as she turned 45. <\/p>\n

‘My confidence was shattered’<\/h2>\n

Sally Hunter, from Birmingham, had just started a new job as an events manager for a law firm at the time the crash happened.<\/p>\n

“Within two months, they were making redundancies as their major business was construction,” she told the BBC.<\/p>\n

Sally survived two rounds of job cuts but in January 2010 was made redundant. <\/p>\n

“I was devastated,” she said. “I had barely built up any long service, so my payment was minimal. <\/p>\n

“My confidence was also shattered – although I understood the market conditions, I couldn’t help but feel like it was my fault.”<\/p>\n

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Image copyright<\/span>
\n Sally Hunter<\/span><\/p>\n

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\n Sally Hunter in New York in 2008
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Furthermore, Sally had bought a house in September 2007, just before the housing market began to crash – and her house immediately lost 25% of its value. <\/p>\n

To make matters worse, Sally was on a fixed-rate mortgage, which in 2007 had seemed like the safest option.<\/p>\n

“If I’d gone on a tracker, my payments would have dropped by \u00a3200 a month,” she said.<\/p>\n

‘I’ve never saved so much’<\/h2>\n

Scared about what would happen to her financially, Sally found a temporary job as well as a bar job, working up to 70 hours a week to try to cover her bills. <\/p>\n

“I ate a lot of rice during this time and didn’t spend money on anything that wasn’t food or bills,” she said. “Ironically, I’ve never saved so much.”<\/p>\n

Within three months, however, Sally had found a permanent job, for which she considered herself “incredibly lucky”. <\/p>\n

It was again as an events manager – but this time she was earning much more money. <\/p>\n

“Also, deciding that life couldn’t get much worse, I joined an online dating service for a weekend, and ended up meeting my husband, Mark, who is a risk and data manager.”<\/p>\n

The couple have been married for six years and have a three-year-old son, Barnaby.<\/p>\n

But Sally is mindful that life could have turned out very differently for her.<\/p>\n

“I know others who really had a rough time for a number of years, through no fault of their own,” she said.<\/p>\n

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