Thursday, September 9, 2010
It's the economy, stupid.
That being said, I know I am blessed. The recession hasn't affected me tremendously at this point...just in smaller peripheral areas. Then again, I believe with all my heart that the frugal things I have always done made this time a little easier. We cut back every day; the services/items that other folks are cutting out of their budgets, we have never used. You truly don't miss what you never had. The money that we could have been spending on these items we used instead for savings and paying down debt. I'm not bragging, really. What I am trying to say is that if we can't learn from the recession (41% of us out there), then it is all for naught and we will probably be in another one before too very long.
Living within/below our means is the way to go. I can guarantee you that you will be far less stressed if you can learn the lesson sooner than later. John Wesley said back in the 18th (?) century: "Make all you can, give all you can, save all you can." And what is conspicuously missing? Spend all you can. I'm with Wesley. Less really is more.
How has the recession affected you? Have you lost a job or had hours cut? Have you started clipping coupons or stopped going out to eat? Are you part of the 41% that can't wait to spend again? If so, why is that? Let me hear from you on this one.