Manage Your Life

Sunday, November 29, 2009

Stretching the dollar

by Kerry Rivera (Around the Watercooler - Mommy Tracked)

Reporters, economists, politicians … even a few businesses are starting to hint that the “Great Recession” might be coming to a close. Alleluia! Sure, unemployment is still at record highs, home prices are in the tank and consumer confidence is shaky, but there just might be a recovery on the horizon.

In another time, we might be whipping out the plastic to celebrate, but research companies like DYG believe the American consumer is forever changed. No more frivolous purchases. Say goodbye to living large. Adios to Barney’s and Niemen Marcus, hello Big Lots and Target.

It’s now chic to be savvy, smart and thrifty. And as someone who has been labeled as “tight” with the funds, I’m ecstatic that my spend-thrift ways are now recognized as “cool.” So what if I brown-bag it everyday? My insulated lunch container is the equivalent to carrying the latest Coach bag in today’s recession era. Who would have thought I could be a fashionista?

Now I am only human. I splurge. I shop. And I sometimes covet what others have. It’s the American way.

But I do hope we’ve turned a corner as a culture and make a greater effort to save … to be grateful for what we have … and to simplify.

In fact, here are a couple of traditions/trends I hope we can say goodbye to forever …

* Over-the-top birthday parties. Enough with everyone trying to throw the most entertaining, swankiest bash for your toddler, pre-schooler, tween… A birthday cake, some balloons, a basic goody bag (wish we could get rid of these, but doubtful) and let’s call it a day.

* Outfitting our kids in high-end, name brand clothes. Now I have young boys, so this really hasn’t been an issue for us. I could care less, and their only request is to have super heroes present on their attire. But I know some other families – those with girls especially – and it just gets insane with the fashion. Going to play dates and school is not a Red Carpet event. Keep it basic. Embrace hand-me-downs. Invest in a few pieces where it makes sense, but otherwise, go for the cheap.

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Kerry Rivera contributes to Around the Watercooler at Mommy Tracked. She is a real mom from the "O.C." who is the Marketing and Advertising Manager for Toyota. 
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Comments 1-3 of 3
  • Robyn's Avatar
    Posted by Robyn Thu Oct 15, 2009 11:26am PDT

    me and my brother were raised on hand me downs and so is my daughter. my brother in law is very good at sewing so when we have clothes that need major mending he does it for and they as there was never a rip at all. we shop all generic brands of food and meds except for those 3 or 4 items were name brand is way worth it. we watch alot of our shows like the simpsons or house on hulu.com so we only have entertainment bill and as for bdays or holidays a small get together of food and pie is all we need. for my daughter right now is a trip to mcdondals play-place with 3 friends.

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  • justokay's Avatar
    Posted by justokay Thu Oct 15, 2009 3:30pm PDT

    I hope we have changed a bit toward less consumption too. Easier on the purse and better for the environment. I tend to be a bit cheap on most things and I'm glad.

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  • tired66's Avatar
    Posted by tired66 Thu Oct 15, 2009 9:26pm PDT

    One year we were really strapped for cash ,so we took my birthdy boy who was 5 to McDonalds and his best friend.I went to the dollar store and got 10$ worth of boy toys and put them in a bag.,He had to close his eyes and pull one out at a time.His brothers and us would clap as he unwrapped each one.He loved it.The next year when asked what he wanted and he said a bag of toys like last year.GO FIGURE!

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