Have you been watching any of the news shows this weekend? When they come to the money and economy part they have predictions for 2008. Most mention the word RECESSION. I think as frugal people we need to be really focusing on the climate of the nation right now and what we can do. Most frugal people know to have an emergency fund, save more then you spend, and watch things like credit cards and too much debt. All in all great ways to protect yourself. But how can one ...starting today and now protect yourself from the R word??
One way is really thinking more carefully about money choices rather that reacting. Being much more careful about your money and less flippant. Making choices with eyes wide open as oppossed to eyes sorta shut. Or worse case making money choices blindly! There are zillions of ways you can save....but for each person it is different. But....each of us needs to really start now. Becoming green in the money department is key. I think being green is great but we have to be wise with our money environmnet and how we spend our money as it too is a precious resource. I do not want to have to work more....I want to work smarter and wiser!
I dislike New Years resolutions. My ex husband used to make them FOR ME! Talk about a bad way to start off the New Year!
Now I make new choices every year. Choices that are positive and choices that help me live hopefully better. Yes I think we are in a recession......but there are ways we can make improvements and safeguard or money. We can even encourage others. Not in a prideful way but by example. Lets face it many still have their heads in the sand.
Happy New Year. May it be full of peace and contentment. May you be smart or even smarter with your frugal lifestyle and finances.
The R word
December 31st, 2007 at 12:25 am
December 31st, 2007 at 01:39 am 1199065178
Well, I think people who will be most affected are people who are not used to lowering their standard of living....
As such, businesses will be sluggish. Actually, last I hear, businesses are always suggish and feeling pessimistic. It's the consumer confidence that still remains upbeat. Oddly enough.
However, for those who are financially frugal and savvy, I do believe we will do just fine. Like you have suggested, now is a good time to start saving and stocking up your funds to weather this financial storm.
Truth is, a recession isn't necessarily a bad thing for financially savvy folks. It means lots of great bargains out there. So, if and when it finally hits, I say get ready to snap up those good bargains. I know I will.
December 31st, 2007 at 02:49 am 1199069375
December 31st, 2007 at 05:13 am 1199078025
December 31st, 2007 at 06:47 pm 1199126835
In most cases, i find that making 'green' choices ALSO saves me money, and vice versa.
December 31st, 2007 at 07:02 pm 1199127769