Tuesday, October 28, 2008

Frugality Hot Trend

Has saving money replaced America's devotion to shop till you drop? Silicon Valley Blogger at The Digerati Life has found lots of evidence that frugality is catching on across the nation.

A chart of what's in and what's out -- posted at SFGate, the Web site of the San Francisco Chronicle -- says it best. Under "in" are such things as cooking at home and fixing the old car, as well as "library" and "tap water." The corresponding items under "out" are eating out, new car, bookstore and bottled water.

With the economy in or headed toward a recession, more people are less inclined to spend every dime they make and then some. "The International Monetary Fund predicts that household consumption will fall further in the next couple of years and that a 'prolonged period of belt-tightening' has just begun," "SVB" writes. Read the entire article.

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"Simplicity of living, if deliberately chosen, implies a compassionate approach to life. It means that we are choosing to live our daily lives with some degree of conscious appreciation of the condition of the rest of the world." Duane Elgin

"Do what is good with your own hands, so that you might earn something to give to the needy." Ephesians 4:28