Are we learning anything here?

No, this isn’t really a post about home staging. I just read an interesting article on CNN entitled “Americans tightening their belt” which highlighted how we are making an effort to do with less in the face of rising costs. What struck me is how the economic crunch has moved beyond being a problem for those with mortgage issues or job issues, it is now is affecting the mainstream way of life for all – gas and groceries perhaps being the most critical. Yea, it’s personal now!

In times “like these” it’s interesting to see what people consider “essentials”. For example, cable tv and cell phones are apparently now non-negotiable for most when it comes to cutting back. Who knew!

But it’s not all bad. What an opportunity to build good habits:

• Awareness. We can learn to be more aware of our monthly expenditures and prioritize. Know what you earn and what you realistically spend, and be true to it. Now is not the time to rack up unsecured debt! Involve the whole family!
• Creativity. Be more inventive in finding alternative, less costly recreational activities (for all ages!). How about a potluck at the park with friends instead of dinner out?
• Resourcefulness. Adopt a more creative mindset to reuse what you have. It’s amazing what a little redesign can do for your home, wardrobe, or just about anything else (good for the pocketbook and the earth).
• Simplify. Slow down and focus on what is most important.

Yes, we’ll all feel like we’re making great sacrifices, but here’s my question to you: will you stick with any of the changes you’re making now when the pendulum swings back?

Just think, maybe you can retire earlier than you thought if you continue your newfound cost-saving ways!