Monday, 27 September 2010

  • The Positives of Having a Recession

    I read a recent poll that says the recession has ended...I smell bullshit. If it is true, where are the results? I suppose they'll take a while to emerge.

    I've been feeling stressed because my family is going through a hard time financially. I've felt like Old Mother Hubbard at times and my cupboard has been empty, save for some Ziploc bags. We always make it by somehow. I've learned how to make healthy Hamburger Helper dinners and cheap breakfasts and lunches. 

    When the latest issue of Time magazine arrived in my mailbox, I found an article that helped me know that my family is not alone. A community of stay at home moms who live in a pricey, exclusive and gated neighborhood discussed their new way of life: coupon clipping, money-saving and worrying about finances. The recession has hit every one, even those who previously made a lot of money. They have been reduced to living more frugal and creative lives.

    I wouldn't consider it a reduction in the sense that they have been deprived. It's actually brought their families together and they overall feel more content. There are a lot more play dates at friend's houses and a lot less expensive children's programs, such as dance class or karate. The coveted mother is not the one who owns the most expensive clothes or electronics, it's the one who reduced her grocery bill to $300.00/month for a family of five. That is impressive. 

    I pray that things get better in America but at the same time, this has been a positive experience for so many. The focus is on family and making it work, instead of shipping the kids off so mommy and daddy can have fun spending money by themselves.
    It's reminding many families of what's important and what their priorities are. It feels like this recession has slowed down America's consumer driven, materialistic focus. It could also deal a blow to the lazy mind set of the throw-away generation if it continues to go south.

    My husband struggles with the thrifty way of life but has realized that every bit counts. Opening a can of soda and not drinking it is a "no no" now, as is putting barely worn clothing in the hamper to be washed. I save all sorts of left-overs and always end up using them. We do our best to use as little electricity as possible. I've started to think that the answer to our ozone problem is also the answer to our recession problem: Save, save, save and conserve, conserve, conserve. The less we use, the less waste there will be.

    I am not at all excited about our country's financial status but it is nice to see that "The Family" has taken priority again. It's nice to see that kids aren't getting everything they want. It's really nice to have sales people understand when I say, "I can't afford that. We don't have the money", and back off because they know I'm not bluffing them. It's also nice that others don't view giving or accepting hand-me downs to be below them. It feels like everyone gets it now. Saving money is a good thing.

    What struggles have the recession caused you or your family? Are there any money-saving habits that have helped you?

Comments (10)

  • LannaM@xanga

    The main struggle?  Being an unemployed family of 5, now 6 (my hubby got laid off a year and a half ago *right* after we unexpectedly got pregnant with #4).   When the sole wage earner loses the job and you're pregnant with no health insurance?  Yeah, makes things interesting.

    The habits which helped us more flourish than flounder?  We got on board with the Dave Ramsey kind of thinking.  Our only debts were student loans and the (low, apparently!) mortgage.  We had savings for a rainy day (it poured!).  I keep a fairly stocked up house - soap, detergent, food, toilet paper, etc.  We tend to use more reusable things - plates, diapers, pads, napkins, tissues, etc.  Lots of things we didn't have to go out and buy like some folks do.  We literally lived just fine on hubby's unemployment check.  All our bills were paid, we just didn't have any extra to put into savings or stockpile during sales.  But that's okay - that was much, much better than if we'd had just our savings alone.  :)  We're currently working on a way to revamp things to make it so we can live on even less, but one thing at a time.

  • myfate22@xanga

    Cutting back is the best way to help your family. Also tends to help the environment as well (less wasted water, electricity, etc).


    By the way, a recession is classified as "two or more consecutive quarters of decline in the GDP". To be officially out of a recession you have to have two or more consecutive quarters of growth. So yes, we are "out" of the recession but we probably won't fully see the affects for at least another 6 months. Financials terms are funny like that.

  • Randy7777@xanga

    At least the guy who claimed the recession is over has job security in the Obama Administration.  -so for him it's over. -

  • snarkius@xanga

    We never really felt the effects of the recession because we already lived frugally to begin with. 

  • hoodsy@xanga

    well, i must've been in a recession all my life 'cuz my family has always done those things. it's kinda common sense, really; if you're not saving money by shopping smarter, you're basically just giving it away.

  • bubbelcat

    Like a previous poster we lived pretty frugally before the recession, you pretty much have to with 5 kids, but when my husband lost his job and missed a month and a half worth of pay our frugality really paid off since we were able to get by on our stockpiled meat and groceries (thanks Grocery Game!).  After that experience (of DH being w/o a job) we redoubled our efforts to get everything paid off and live cash only. 

    One cheap and easy and, relatively healthy, dinner is to add an egg and some frozen vegetables to a pack of Ramen.  We also buy and eat all of our fresh fruit and vegetable in season and can what we can for when it is out of season.

  • angelwingfive@xanga

    Being just out of college, I don't entirely notice. I'm just as poor now as when I was living on campus. I just don't buy clothes as often, or movies. My parents, however, who live seventy miles away, are swamped. They are about to sell their house to pay off debts, and move into my grandparents old farmhouse. 

  • virginal_beauty@xanga

    I guess Im just one of many that this recession has been a TERRIBLE thing for my family.  We've been torn apart 2000 miles away and all of us are working to pool money together to keep the house where one parent and most of the kids are while the rest of us live in a basement, and there is no money for food beyond a loaf of bread, peanut butter and regular butter or mac n' cheese. It really sucks when you work your ass off and dont see any benefit.

  • JoyElizabeth82@xanga

    @hoodsy@xanga - Yeah, I agree...My family was very poor when I was born and we lived very frugally. As my parents started making more money, they still lived the same life so I am used to scrimping. My hubby on the other hand grew up in abundance and it's been an adjustment for him.

  • JoyElizabeth82@xanga

    @virginal_beauty@xanga - I'm sorry to hear it. I know some areas have been affected more than others.

  • Sign in to Comment

  • Give eProps (?)

About the Author

Who recommended?