We’re revisiting one of our blog entries from September 2008 where we were winding down the third quarter. From there we pick things up with December 2009 to see how many things haven’t changed.
Wall Street seems to be healing, but is it really? Main Street is still tending to many wounds as a result of this recession. Millions have been affected by the mortgage and credit crisis. From the demise of Lehman Brothers in 2008 to the small-town Mom & Pop Shops and job displacements, people are still feeling a 360 degree economic pinch.
Being frugal is the name of the game today and people are stretching the limits of what they can squeeze out of every dollar. Although it seems as if the buying of discretionary items has been lost temporarily, many turn to second hand markets during these times to find solutions to their needs.
Weekend tag sales have increased nationwide and even more people are on the lookout for a good deal. People can benefit both ways by being frugal. With today’s technology, you can easily sell your unused items online or at a tag sale and you can pick up other items that you might not necessarily need to buy brand new. Not only do you save yourself from paying a little extra from off the store shelf, but you also skip the tax and reap the benefit of recycling. There are endless benefits to being frugal and it’s a no-brainer to try to practice this whenever you can.