Posts Tagged ‘economy’

How the Recession Has Affected Me

Tuesday, March 9th, 2010

In tough economic times, many people spend less and tighten their belts in order to avoid getting into financial trouble. Others on a macroeconomic level of thinking prefer to spend the same amount of money to keep the economy going in the hopes conditions will improve sooner. I fall between these two camps. Below is a list of what I am doing differently since the beginning of the recession (which happened conveniently around the same time I became an adult).

  1. I do not eat out as much.
  2. I use coupons.
  3. I look for free stuff.
  4. I invest every penny I save.
  5. I do not drive.
  6. I try to only make money from home.
  7. I have expanded my interests and possible careers to more than just writing.
  8. I have worked on my employability skills faithfully.
  9. I have lived at home, or with roommates, the entire time.
  10. I have cut back on smoking (and am working on quitting).
  11. I seek free forms of therapy, like hobbies and writing, rather than always staying on medications and seeing a therapist weekly.
  12. I have tried to create passive income as much as possible.
  13. I am more productive, but more stressed.
  14. I have made more friends who would prefer to stay home.
  15. I cook a lot more.
  16. I do not buy name brands unless I have a coupon.
  17. I have begun exercising more to work off the extra weight I have put on from the stress.
  18. I have begun meditating.
  19. I am happier.
  20. I am healthier.
  21. I am better financially.

I have learned many things about being frugal, both from necessity and from desire to master a new skill. We rarely do things outside of the home because things inside are just as enjoyable and are much cheaper to do. I find myself spending more time talking with family and less time getting into trouble.

I hope some of these are relateable. What have you done since the recession, either directly or indirectly?

  • Share/Bookmark