Friday, November 27, 2009

The silver lining of a bad economy

By Nataly Kogan, from <a rel="nofollow" href="http://www.workitmom.com">Work It, Mom!</a><br><br><img alt="Getty Images" title="Getty Images" src="http://l.yimg.com/a/i/us/shine/work/latte_83285151.jpg" width="250" align="left" height="333">It’s gotten to the point where I hesitate before checking out any news sites in the morning because the endless barrage of bad economic news doesn’t seem to stop. Stock market can’t find any way but down, job losses are growing, and consumer confidence is at a gazillion year low. What I feel like doing is just hiding out from this crisis — pretending that I am not the main breadwinner who is running a start-up and raising money for it right now — but I know I can’t. So I have this mantra I keep repeating to myself, something about how we’re still (relatively) young, the economy always goes in cycles (I am still feeling the bruises from the internet bubble one), and our family and our country will come out fine.<br><br>I can’t say that this works 100% but it does help me maintain some sanity and perspective for the longer term. But I feel like I need something for right this minute, some upside, however slim, of living through this economic crisis. So I came up with a few ideas and I’m hoping that you will add yours in the comments. (Consider this our economic downturn therapy session — and it’s free!)<br><br><strong>We’re putting more effort into making our family meals at home a little more special. </strong>We cut down on going out to eat when I left my cushy job to start Work It, Mom! but we’re being even more careful now. Sure, I miss the nice meals and no clean-up, but it’s also been fun to find new dishes to make and cooking more with my daughter “helping” me in the kitchen.<br><br><strong>I’ve learned to make a mean espresso. </strong>Truly, I’ve never enjoyed coffee we make at home as much as a latte I get at Starbucks or some other coffee shop. But I decided to put an end to buying coffee on most days and as the result — and after many failed attempts — have become pretty darn great at making a nice latte at home.<br><br><strong>My closet is less cluttered.</strong> I cleaned out my warm weather clothes (nooooo!) a few weeks back and got my fall/winter stuff organized in my closet. I knew that my new clothes budget would be much more limited so I actually followed some <a rel="nofollow" href="http://workitmom.com/bloggers/workingcloset/">fashion advice</a> and focused on my few favorite pieces and outfits I could create around them. You know what? I have less stuff but I am spending less time wondering what to wear.<strong><br><br></strong>Have you found a silver lining to this bad economy?<br><br><strong></strong><strong><em><strong><strong>Nataly Kogan is the co-founder and CEO of <a rel="nofollow" href="http://us.lrd.yahoo.com/_ylt=Au6fRV4PRRSt673PgB.WQACHbqU5/SIG=10ubaqih4/**http%3A//www.workitmom.com/">Workitmom.com</a>,</strong> an online community and helpful resource for working moms.</strong></em></strong><p> </p><span style="font-style:italic;"><span style="font-weight:bold;"><br></span></span>Read more from Work It, Mom!:<strong><br><br><a rel="nofollow" href="http://www.workitmom.com/blog/2008/11/14/working-from-home-less-perfect-than-you-might-realize/">Working from home is far from perfect</a><br><br><a rel="nofollow" href="http://workitmom.com/bloggers/committedtiesthatbond/2008/11/11/what-would-you-do-if-your-spouse-cheated/">What would you do if your spouse cheated?</a><br><br><a rel="nofollow" href="http://workitmom.com/bloggers/problemsolved/2008/11/11/clutter-control-11-tips-from-a-true-expert/">Clutter control: 11 tips from a true expert</a><br></strong><p></p><p></p><p><strong><br></strong></p>
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Comments 1-10 of 10
  • superkate's Avatar
    Posted by superkate Mon Nov 17, 2008 12:24pm PST

    I have learned that beer is a cheap fun expense and instead of going out we invite friends over and have our own "bar" night. All you really need is bad lighting, somebody smelling like an old cigarete (sp?), loud music (karoake for fun) & a lot of beer. Just kidding. But entertaining at home with close friends has been my silver lining during this economic hell.

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  • Al's Avatar
    Posted by Al Tue Nov 18, 2008 3:59am PST

    JUST LIKE EVERYONE ELSE. WE DO MORE HOME THINGS. BOARD GAMES ARE MORE POPULAR. THINGS LIKE THE HONEY DO S AND SMALL CRAFT PROJECTS ARE GETTING COMPLETED. IE MAKING A STOOL, JEWELRY BOX, AND TOUCH UPS ON THE HOUSE. BUT NOT BIG PROJECTS.

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  • carvergirl616's Avatar
    Posted by carvergirl616 Tue Nov 18, 2008 7:44pm PST

    Times like these make you realize how little you can actually live on. We're much more creative with meals and try to eat at home more often. We enjoy a lot of nights indoors with the fire going and watching scary movies. And we use all we can in the house before buying new things - which really helps prevent having loads of stuff that nobody uses. Here's a great read on not letting the economy get you down!

    http://buzz.prevention.com/community/holly-mom/got-economic-recession-depression-ride-the-wave

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  • JANET's Avatar
    Posted by JANET Thu Nov 20, 2008 9:12am PST

    I have four children and boy has this economy put a crimp in our already tight budget. We are no longer renting movies or buying movies or CD's. We do not have the internet at home. We use the services of our public library. They have great movies, books (who knew) and internet services for free!!! We have also used the free passes for the museums and other freebies offered thru our town.

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  • littlefurballs's Avatar
    Posted by littlefurballs Thu Nov 20, 2008 9:15am PST

    I'm so glad you wrote this blog! It certainly does get discouraging. But, times like these make you realize that things like your job and the economy is a rubber ball that eventually will bounce back, but precious things like family, your health, your spirt, etc are made of glass and once those are shattered, things are never the same.

    So, celebrate those things represented by the glass ball! Things that come with a price tag are nice sometimes nice (I won't lie), but I really do believe the best things in life are free (or close to it). The cooking at home is a great idea. If you have kids that are old enough, have them participate in planning each week's meals. You could make it fun with themes. You might even take turns and make a certain night "International Night", for example. As long as the ingredient list doesn't include expensive items like saffron :), it is fun and you could have each family member educate the rest on that part of the world and/or the origins of that meal. If you have the internet, this information is free!!

    Also, I've ditched the gym and have been walking a lot with my Golden Retriever. I've lost so much more weight, I don't have the expensive monthly fee (not to mention the gas price) and I'm in much better shape because it gives me an opportunity spend time with my BFF. :) Plus, he's in great shape too! If you don't have a dog, go for walks, bike rides, etc with your signficiant other, kids, parents, etc. And, guess what...exercise does make you a bit happier!!

    If you're in a rut, reminisce about happier times by going through and/or organizing your photo albums or digital pics on your computer. I love going through old memories and good times (and those times probably had hard times, but I know I survived them). Make it a family event too.

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  • littlefurballs's Avatar
    Posted by littlefurballs Thu Nov 20, 2008 9:17am PST

    Also, I hold true to the belief that if you do something nice for someone else, it can make you feel a lot better. It sometimes hard to think of others when you're upset about your job, house, money, etc. But, a selfless deed always makes me feel good (and maybe Earl was right about that "karma" thing :) ).

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  • Amy's Avatar
    Posted by Amy Thu Nov 20, 2008 11:05am PST

    I really found that we appreciate what we DO have more. I am thankful my husband has a job. It's not a great job, but I am thankful he simply HAS a job. I didn't realize how much food we USED to buy. I used to fill the cart, now I get little by little and we really waste less, also. I used to just buy whatever and not realize I didn't use it. You also after a while, just get used to staying home a lot.

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  • Bonnie K's Avatar
    Posted by Bonnie K Thu Nov 20, 2008 2:55pm PST

    Thanks for your words of "upside". We are certainly all in the same boat and your little article was much appreciated.

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  • David's Avatar
    Posted by David Thu Nov 20, 2008 6:06pm PST

    Not being able to buy stuff anymore is not living "frugally" - it's being poor. Period.

    And, in the end, poor people can't afford to care about the environment.

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  • ElizabethA's Avatar
    Posted by ElizabethA Sat Nov 22, 2008 6:18pm PST

    Not to get off topic, we are able to save money and help the environment. We wash our dishes in the sink and use the dishwasher as a drying rack (off). The average dishwasher runs 90 min and 3 washes per use. We save electricity, water, and money.

    We wash our clothes on the delicate cycle(shortest)since the most we do is maybe sweat in our clothes, again saving electric, water, and money. And hang them to dry on lines in the garage or outside if the weather is great.

    We are getting to know our neighbors better by firing up the grill and inviting them to bring what they want to cook, and a dish, creating neighborly entertainment(cheap).

    So yes we can care about the environment, save money, and be thankful for a wake up call to make a change.

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