Recession Can Be a Glass Half-Full

July 19th, 2008 • Related • Filed Under • by tisha

Most consumers hear the word recession and cringe to think of all the bad things that could happen to them half glass personally and financially. However, there are some things that may be a blessing in disguise during a recession. It’s really more about the perspective of the individual.

The next time you hear the word recession, here are 5 things to be happy about instead of filled with despair.

1. Frugality Is Cool – Some people avoid coupons and discount stores out of embarrassment or pride but now more and more people are tightening the budget belts and find that every little bit of savings helps. There are countless websites in the internet that devote the entire site content to lessons and tips for frugal living.

2. Home Cooked Meals – One of the first pieces of advice financial experts are prone to offer when it comes to saving money is to stop eating meals away from home. More and more families are going back to the table. Not only is this a great thing for the family unit, but people are healthier and happier eating more balanced, nutritious meals.

3. Life’s Slow Down – With the price of gas and vehicle maintenance on the rise, more families are traveling less and spending more time together at home. This includes cutting down daily travel activities, as well as family vacations. The latest coined term, “Staycations” define the increased tendency to avoid the trip away from home in favor of just slowing down and enjoying life at home.

4. Entrepreneurial Thinking – With the increase of layoffs and downsizing in the workplace, there is evidence that more people are inclined to start their own business. Tough economic times are a good time to become your own boss because competition isn’t as fierce, services and product costs often can be found at a discounted rate, and rental space cost can be negotiated.

5. Back to the Earth – With the rising cost of produce, more families are coming back to cultivating an old-fashion garden in order to save on fresh fruits and veggies at the supermarket. Not only is gardening good for the inside of the stomach, it is also an excellent activity for the outside too because of it’s cardio fitness and stress relieving qualities. Additionally, it’s great to know your family is eating fresh foods, free of pesticides and other potentially dangerous chemicals sometimes found on foods and produce.