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The Upside of a Bad Economy

The Upside of a Bad Economy

It’s gotten to the point where I hesitate before checking out any news sites in the morning because the endless barrage of bad economic news doesn’t seem to stop. Homeowners continue to lose their homes, job losses aren’t slowing down and gas prices are on their way back up. What I feel like doing is just hiding out from this crisis ? pretending that I am not the main breadwinner who is running a start-up and raising money for it right now ? but I know I can’t. So I have this mantra I keep repeating to myself, something about how we’re still (relatively) young, the economy always goes in cycles (I am still  feeling the bruises from the internet bubble one), and our family and our country will come out fine.

I can’t say that this works 100% but it does help me maintain some sanity and perspective for the longer term. But I feel like I need something for right this minute, some upside, however slim, of living through this economic crisis. So I came up with a few ideas and I’m hoping that you will add yours in the comments. (Consider this our economic downturn therapy session ? and it’s free!)

We’re putting more effort into making our family meals at home a little more special. We cut down on going out to eat when I left my cushy job to start Work It, Mom! but we’re being even more careful now. Sure, I miss the nice meals and no clean-up, but it’s also been fun to find new dishes to make and cooking more with my daughter “helping” me in the kitchen.

"after many failed attempts I have become pretty darn great at making a nice latte at home. "

I’ve learned to make a mean espresso. Truly, I’ve never enjoyed coffee we make at home as much as a latte I get at Starbucks or some other coffee shop. But I decided to put an end to buying coffee on most days and as the result ? and after many failed attempts ? have become pretty darn great at making a nice latte at home.

My closet is less cluttered. I cleaned out my warm weather clothes (nooooo!) a few weeks back and got my spring/summer stuff organized in my closet. I knew that my new clothes budget would be much more limited so I actually followed some fashion advice and focused on my few favorite pieces and outfits I could create around them. You know what? I have less stuff but I am spending less time wondering what to wear.

OK, your turn: Have you found any upsides or silver linings to the tough economic times?

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  • jackson96 By jackson96
    08.29.09  

    To make extra money, I have cleaned out my closets & took my unwanted items to a resale shop. All you have to do is contact a resale shop, see if their taking clothes. Some ask that they're clean & ironed if needed. And then the 1st of every month I get a check. Less clutter for me, & money in my pocket. And whatever is left of my clothes is donated to a charity. For those of you who are on a tight budget...I always shop the clearance rack...there's nothing wrong with saving a bunch on clothes, for you, your spouse, & your kids. I recommend you also go to the resale shop. we have one & everything is clean & most of the clothes look new. Yard sales are also a neat way to make money & buy things.

  • monicalaughs By monicalaughs
    09.06.09  

    Really nice article! :) stores like TJ MAXX and Marshalls have become my best friend for cute clothing for ANYONE at any age, just look a little deeper and you will come out winning.

  • jami78 By jami78
    09.06.09  

    I am the COUPON QUEEN, love EBAY, and shop sales! Oh wait, I was doing that even BEFORE the economy got bad! We've always saved money because that is my goal in life! lol

  • melsplace By melsplace
    09.08.09  

    I've always been a person compares price and look for the best value for my money. So, this really it's much difference as to how or what I do. With being blessed to have the things I do. I don't shop alot or spend just because. If, you have clothes you can't fit try selling them, or a talent you can use to make money like sewing, singing, cleaning, etc.

  • julia9874 By julia9874
    09.17.09  

    having always been frugal and basically cheap, it is nice to see that I am no longer "weird" or 'odd" for shopping at thrift stores, and looking in the clearance bins. Only problem though is the deals are harder to come by because there are so many people out there doing the same thing :)

  • rbarker By rbarker
    09.17.09  

    Well the economy has caused us to be even more frugal than I was before. I have taught my kids to be economical because the less you spend for something... the more money in your pocket. I live in the country... so this helps us in some ways. We butcher a cow and a hog every year which provides a years worth of meat at an economical price . Plus it taste better! We grow a small garden. That helps some. I use coupons and before grocery shopping go to the retailers web site to see if there are any coupons on the things I need. I sign up for free samples , coupon sites etc. I have started buying dishwasher detergent and putting it in a container and using one tablespoon. Surprisingly one tablespoon will do it. Think of all the times you just pour it in there. Instead of buying spraying wash I buy Zote soap for $1.00 and it gets stains out better than anything I have tried. I cook homecooked meals and ebay off stuff we don't use. You can be frugal but it does take time and effort.

  • momagarry By momagarry
    10.14.09  

    I am just greatful everyday for life health and strength.

  • windlaughter By windlaughter
    10.23.09  

    i would like to say that i have been really broke in cause the bad economy is the same as its allways been for me i was a single mom with 5 kids and i had to learn how to cut corners on everything on the the week end me and my kids would spend time outside explorering i allways cooked at home my kids didnt go to a drive threw untill they got grown and payed for it i really enjoyed my kids and got to know them really well when they were young we cooked and played together so i believe the bad economy is what its gonna take to bring familys together at the dinner table my kids loved to fold clothes when they were little lol

  • Paxygirl By Paxygirl
    10.29.09  

    Frugal, I am becoming the Queen of Cheap! Cut out the cable and go rent free videos at the library. Apparently I'm not the only one because the library is PACKED every day! I have returned to reading great books and I feel so much better with less stress. Our library cards are used more than our credit card now! DH and I love taking walks, play board games and actually speak to each other. The bad economy saved my marriage :)

  • basilandcatnip By basilandcatnip
    10.31.09  

    Our libraries are packed now. So many programs to help with homework, job searches, free computer time and lessons, general activities, even a crafting group, and the local hospital puts on a once a month educational health seminar there too. I've noticed more people doing their own yard work instead of using landscaping crews like they used to, it's made our neighborhood closer since people are outside, saying hello, and meeting their neighbors.

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