Learning from Recession

I always try to find the silver lining in things and our current economic crisis is no exception.  When I take a minute to stop dwelling on the sacrifices and think about what we have accomplished and what I have learned, I find that there is, in fact, value to be found in recession.

I have always been irresponsible in my attitude against shopping for bargains.  “My time spent shopping for a deal is worth more than the money saved” I have often said.

Once I became a parent I scaled back on what I bought for myself, my house and my hubby so that I could buy more things for the kids.  That was my first taste of enjoying finding a bargain.  Every penny that I saved on myself was more that I could spend on the kids.

Then this recession got us in its grips and suddenly we had to scale back just to meet our basic needs.  I had to find the best prices on milk, bread, cereal, and all the staples in order to maintain them in the pantry.  I am actually being counseled by my very organized and moneywise friend on how to most effectively use coupons and store programs.  It is actually a lot of fun but I am just shocked over how much money I have wasted over the years.

I do a lot of shopping online for bigger items and have recently found value in sites like Overstock.com and Buy.com.  The prices are good and the items are often better quality than what I have bought around town.  Black Friday deals can be found all year long if you take the time to shop for them.

I cannot say I am glad that our country has hit hard times, but I am glad for the different perspective I have developed and the recession tips, tricks and tools I have learned that will serve me even better when the economy turns around and my job becomes lucrative again.

What have you learned during these troubling times?  What money saving changes have you made?

15 thoughts on “Learning from Recession

  1. It seems like there’s no end to this recession.

    I totally agree. Once you become a parent, you have to scale back what you buy for yourself because its all about the baby. Everything!

    Great post!

  2. I have also made many adjustments in my spending. Your perspective rings so true, I could have written this article myself. :) As an added tip, my sister told me about coupon codes. If you are planning to make a purchase from a specific manufacturer, look up the coupon code for that manufacturer on the web. My hubby and I have saved on everything from fisher-price to Dell. Hope this helps!!

  3. I have found that we actually waste a lot of money. Because we are now counting pennies, there was a lot of fat we could cut out of our lives and still have fun.

  4. The web has a lot of sites that can help you save money.

    Sites like overstock are great for finding the cheapest deal on items, while others like mint.com can help you change the way you manage the money that you still have.

  5. Luckily, the web has a lot of sites that can help you save money.

    Sites like overstock are great for finding the cheapest deal on items, while others like mint.com can help you change the way you manage the money that you still have.

  6. I have not personally been affected by the recession, at least not noticeably, but I know that many people out there have, so I feel that it has affected me, and I will do everything in my power to help this country. I know that seems like a lot for one person, but I promise, I truly am working on it.

  7. I think this ressession is going to make people sit down and realise they need to take a harder look at their expenses etc and that many people are living beyond their means.

  8. I am a parent myself and spending has been almost exclusively for the kids and the family nowadays. It seems that buying anything for myself hardly ever happens now. If there is anything this recession had taught me about saving money, its the fact that i have been doing a lot more bulk purchases online and cutting down on travel time for my shopping. I usually make big purchases once a month online which then includes free delivery to my doorstep.

  9. I think you’re perspective on the recession is very healthy. Online shopping is definitely on the rise. As you might have heard, Amazon had a record quarter the 4th quarter of last year.

    I think we will all come out of this thing just fine…appreciating what’s really important….family, friends, health, etc…

  10. This recession has some positive impact on me. I analyzed my income and expenses and I was able to cut lot of my unwanted expenses.

  11. It’s funny, I’ve always thought that clipping coupons takes too much time and it did really never seem to work for me.
    On the other hand, I never care how much time I am spending looking for the best bargains online.
    During the recession I am cutting any big purchases, but make sure to treat myself to something small every now and then, so that I don’t get depressed. I closely watch my spending of essentials like groceries and gas.

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