Some talking heads say that consumers should spend money to push the economy out of this recession. But what are these college professors and thinktankers doing with their own money, when they venture off campus (aside from looking for tweed)? Probably keeping it in their pockets. Consumers as a group drive the economy, but the group is made up of individuals who act in their own best interests. And because people want safety in uncertain times, they’re cautious about spending.
Most of us don’t live in Theoretical Land, where tuition hikes can always outpace inflation and earnings growth and economics textbooks are correct. We live in Actual World, where jobs are disappearing and s**t is going down.
I’ve spent a good chunk of my life being cheap out here in Actual World. I blame (read: credit) my parents, who had to make do with less in times of unemployment and still support a family. One benefit of my miserly ways is I’m always ready for the next layoff. My life doesn’t stop just because the paychecks do. Here are some tips to save a little cash and ease the job-loss worrying.
My first recommendation is to get on the
Public transportation is the earth’s friend, and your friend. But maybe it can be a better friend. While employed, I’m always enrolled in a
These are some good ways to save some cash. There are plenty of others – like hitting all the happy hours that offer free food – for those with the (ahem) stomach. The goal is to make what money you have go further, and to avoid digging into the 401K (hands off!). And even if you don’t do anything I’ve written, spend wisely. That’s the best possible advice. Unemployment and the fear of unemployment really do suck. Maybe these tips will make them suck a little less.