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The Economy and Your Money

Saturday, February 21, 2009

There is a silver lining to this black economic cloud.  “We are finally returning to normalcy, we’re back to learning how to live within our means and savying for what we want, and if we’ve made financial mistakes in the past, there’s no better time to correct them than now.” -Beth Kobliner

I love this way of looking at the big picture.  I found this in this months Redbook an article entitled The Upside Of Living On Less, by Whitney Joiner. If we all learned to live on less think of how much further we could stretch our riches without taking on debt like credit cards and loans.  If nothing else I think it helps us appreciate our money a little more.

Some highlights from the article, little changes that can make a big difference in your money.  All ideas from Beth Kobliner.

  • Use Less Electricity
  • Make A Night At Home Fun
  • Comparison Shop and Clip Coupons
  • Watch Your Bank Fees

8 Good things about bad times-Tighter times don’t necessarily equal doom and gloom-cutting back doesn’t have to hurt.  Here, a few reasons to love living on less:

  • You finally have time to check out local museums, historical sites, and parks during your staycation.
  • Discover that you’re still killer at Boggle/Scrabble and Gin Rummy
  • Rather then wasting time shopping online, waste time filling your Netflix quere:  Much cheaper, and everything fits perfectly.
  • You’re no longer stressed about what you don’t have.  Instead you feel good and grateful for what you do have.
  • Realize generic products really do work just as well as name-brand ones.
  • Spending less and saving more gives you an incredible feeling of control over your finances.
  • Who needs coffee shops?  At home coffee is better then you remembered.
  • You actually have a good excuse to invite your girlfriends over for a cheap bottle of wine:  Instead of shopping.  It’s clothing-swap time.

All are some wonderful ideas.

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2 Comments leave one →
  1. Sunday, February 22, 2009 1:06 am

    This is a great post! Once again, another “grand slam”, Amber! 🙂 lol.

    I over heard a conversation about credit at church this week. The jist of it was that because we bought that item on credit, we are tying up money that God could have used to further his kingdom. Not just the money for the purchase but the money tied up in the interest!

  2. Sunday, February 22, 2009 1:09 am

    Some other ideas:

    learn to sew, knit, crochet or quilt.
    read aloud.
    write snail mail letters.
    put a puzzle together.

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