The Silver Lining in the Recession
August 18, 2009 by Karen Weideman
Filed under finances, financial matters, saving money
With all of the layoffs, home foreclosures, and economy issues it may be hard to have anything good to say about the recession. Believe it or not, the recession is helping to change some of our habits, for the good.
A few years ago, I send out an email ranting to my friends about Americans being frivilous and spending more money than they made. If I remember correctly, at that time, Americans were spending $1.50 for each dollar they made. That meant that we were in debt; in big time debt. Being in debt like that really bothered me. We are so blessed in this country, yet we’re unbelievably materialistic and we feel entitled to having everything. That ranting email is actually what landed me this job of writing for Thrifty Mommy. Funny, huh?
Fast forward three years later and we’re in a recession. People are struggling more than they have in years. Yet one thing we’ve finally figured out how to do is save our money. Americans are finally putting money into the bank and saving it. We’re spending less, living within our means, and saving money for a rainy day. To me, that’s good news!
What positives have you found to this recession?
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I know what you mean, we are now buying the sunday paper every week and clipping coupons.
I love hearing parents tell their kids that they don’t need that junk food or that toy because they don’t have the money right now. The reality is that they didn’t have the money before but they spent it anyway. Now they don’t.