Comments on: Living like we’re in a permanent recession

By: Sunday Link Love | The Ultimate Money Blog: Saving Green and Living Green!

Sunday Link Love | The Ultimate Money Blog: Saving Green and Living Green! — Sun, 15 Mar 2009 23:49:33 +0000

[...] at Sense to Save plans on living like we’re in a permanent recession. I 100% [...]

By: TGIF Round Up: Taking it easy edition | Frugal Living Tips & Money Saving Ideas | Living Well on Less

Fri, 13 Mar 2009 13:05:25 +0000

[...] to Save plans to live like she’s in a permanent recession. While I’m looking forward to the end of the recession, I’ll continue to live frugally, [...]

By: Trevor @ Financial Nut

Trevor @ Financial Nut — Thu, 12 Mar 2009 18:36:55 +0000

I love what you have to say. My spending and saving habits have not changed since this recession has hit. If you always live carefully with your money, you'll be in good shape. Trevor @ Financial Nut's last blog post..Budgeting Software Review: “Forcasting Made Simple” With A New Software Called Pocketsmith

By: Kacie

Kacie — Thu, 12 Mar 2009 16:56:24 +0000

Joanna, you make an excellent point!

I don’t like living in fear or worrying, because there isn’t much use in that anyway.

Even though we have a 6-month emergency fund and a small bit of other savings, I’m still a bit worried about this economy.

If it goes on for awhile, maybe layoffs will come our way, and that’s a scary thing.

I don’t want to live in fear of a bad financial situation. I do want to live so that I can weather the storm without my finances becoming a disaster.

Once the economy picks back up, I think I’ll be less worried about my husband being laid off. We’ll still continue to be responsible with our finances, hopefully.

By: joanna

joanna — Thu, 12 Mar 2009 13:57:56 +0000

Really, it’s not that we need to have the mindset that we’re “living in a recession”- we just need to keep living responsibly like we were before the economy was labeled as “downturned” or “recession” or “depression” or whatever.

For those of us who choose to live debt-free and secure (with an emergency fund and other savings), the wider economy has less of an effect on our personal finances, because we’re not living paycheck-to-paycheck. Saying we’re “living like we’re broke” or “in a recession” implies we’re living this way out of fear, when we’re actually living responsibly to be FREE from fear and worry.

By: Alyssa @ Keeping the Kingdom First

Alyssa @ Keeping the Kingdom First — Thu, 12 Mar 2009 03:33:05 +0000

Kacie, those are such wonderful goals that more people should live by. I feel the same way! The economy has no bearing on my financial goals. I will always strive to be debt free and frugal! Alyssa @ Keeping the Kingdom First's last blog post..Giveaway: Yo-Plus Gift Pack

By: Shevy

Shevy — Thu, 12 Mar 2009 02:12:40 +0000

Living as you suggest is simply common sense. Too bad it’s so uncommon….

By: Rachel

Rachel — Thu, 12 Mar 2009 00:51:30 +0000

I wholeheartedly agree! We want to continue on the path we are on regardless of what is happening in the rest of the world. There will always be ups and downs and war and peace- but my finances don't have to be beholden to the current times generally speaking. Rachel's last blog post..Debt Levels: March 08

By: Jenny

Jenny — Thu, 12 Mar 2009 00:33:04 +0000

Good idea. We are living on a tight budget, but we haven’t personally been that affected by the recession. The worst thing has been that my husband was furloughed for five days over six months–no big deal, when you consider people are losing their jobs. Even when the economy improves, our personal finances still need work. We’re paying for a homebirth out of pocket, so we’ve been saving for that, and to see if it’s possible for me to be a stay-at-home mom one day. We’d like to pay off our still rather large car loan a year or two early, so we are living frugally indefinitely. And once you get used to saving, it’s kind of painful to waste money even if you have it to waste!

By: Emily@remodelingthislife

Emily@remodelingthislife — Wed, 11 Mar 2009 22:51:31 +0000

I feel the same way. If only we, collectively, as Americans, had all lived with less in times of plenty, we wouldn’t be here. Let’s hope the shift to frugality sticks.