The economy has been down for many months now and even CNN is talking about economising. As I was sitting in the airport waiting for my flight last weekend I heard the people on CNN talking about meal planning, using coupons and cooking at home instead of eating out. This is news? I thought everyone did those things. Ok, I know a lot of people don't do those things but my parents always did those things so for the longest time I thought everyone did it. Sometimes I would hear about people in New York who spent a lot of money on food and clothes but I just thought they were really rich.
The funniest part of the CNN broadcast was when their expert suggested that we should buy a $30 shirt from the GAP store instead of that $300 shirt that we usually buy. $300 for a shirt! I can not imagine paying that much. In fact, $30 for a shirt is out of my price range. $3 at the thrift store is more like it. Even better if they are having their $1 sale.
I was thinking about my life and if I have changed anything in the last year because of money. Let's see, I did start carpooling this year because gas prices went up so high. That saved me a lot of money. I lost a lot of money out of my 401k but that only meant I wasn't happy to see my retirement statements anymore. Other than those things, I haven't really changed my routine. I was already budgeting and cutting back as much as I could for my mortgage repayment plan.
So, what have you done differently this year because of the economy?