We are being sensible. We aren't spending money that may lead to us falling foul of FFP or put us in an untenable position in the future. It really doesn't mean we are in any trouble financially despite some of the bed wetting panic, it's more an intention not to get us into such a state.
Some of the absolute shit that clubs have signed this window makes me think we are doing exactly the right thing. Everton have just paid £20m for a winger who got zero goals and one assist in 38 games last season. Leeds raked in £100m selling their only two secent players and bought in Brenden Aaronson, Rasmus Kristensen, Marc Roca, Tyler Adams and Luis Sinisterra, none of who spark any excitement or envy whatsoever or who are even a tenth as good as the two that have left. Wolves have signed one shite player from Burnley. Newcastle have a squillion quid and have signed a guy from Galway United, an overrated Nick Pope, Matt Targett who Villa fans couldn't wait to get shot of, Botman and a guy from Kilmarnock. Forest have signed anyone with 2 legs. West Ham signed Aguerd, Areola, a kid from Coleraine, Downes from Swansea and Scammacca. Again, nothing there that I think would challenge our starting eleven. I could go on.
My point is that, aside from the obvious in Manchester City, Manchester United, Chelsea, Liverpool, Spurs and Arsenal (and I will add Villa to that list who have had an excellent window) I look at the signings of other clubs and I'm really struggling for any players that would have improved us or who will make a massive impact for their new clubs.
Yes, we need to strengthen when we can but I don't see us being behind any of the clubs who finished below us last season and I don't see the need to take financial risks when the rest of the league barring seven or so clubs aren't making any ground on us in terms of quality.
Even if the absolute worst case scenario happened with us losing Fofana or Maddison (it almost certainly won't be both) I still think we have enough quality, looking at the rest of the squads in the league, to finish above at least half of them, easily.
Relegation really, really isn't something you or anyone else should be even close to worrying about.