When the economy goes south, more people shop at Good will and other thrift and consignment stores. In fact, even shoppers who used to look down on such places might even consider it a badge of honor to show they’ve become more frugal.
Buying generic store brands at the supermarket is on the rise. More people are putting expensive purchases on layaway. Wealthy people are eating more often at fast food places.
It may seem odd, but some people think it’s a sign of strength to say they can’t afford something. Some retail stores are even creating departments for second hand items. Yard sales and swap meets have become popular, too.
Are old stigmas going away? Is all this what reality dictates these days, or is this just another temporary trend? Some economists say this is the way things are now, and we should get used to it.
Yet Americans are double minded. For example, I’ve heard that some people are buying generic brand toothpaste, only to splurge on a trip to Disney World or New York City. That’s obviously not the case with everyone who’s becoming frugal these days, but it’s a curiosity nonetheless.
I’m glad to see this change of buying habits. It’s about time we began scaling down to a way of life that’s more frugal and manageable.
If you’re prepping to ride out hard times or natural disasters, you’re already tuned in to living with less. Keep it up.
If you’re serious about cutting corners, don’t splurge unnecessarily. Instead, do one of two things. Either buy the survival supplies you and your family need, or concentrate on getting out of debt.
If you need some guidance on how to manage your money better than you are now, Living On A Dime has resources to help you save money on groceries as well as tips on not going overboard during the holiday season.
If your goal is to become debt free, get a copy of “Dig Out of Debt.” It can help you get out of debt for good. It contains over one thousand of the best ideas from Living On A Dime. The price is very reasonable for all the information you get.
Getting out of debt may be easier than you think. Plus, you’ll have more money left over for shopping at Goodwill. You never know. You might meet somebody from the “upper crust” who could use your advice on shopping for the best deals.