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The Bright Side of the Gloom and Doom

June 7th, 2008 at 08:59 am

I've been reading a few blogs plus listening to the abundunt gloom and doom in the news. I've come to the conclusion that the most of us are prepared for the slowing economy or working to have stronger financial plans. SA bloggers are fortifying their emergency funds (small or big) to prepare for potential rainy days or Murphy's Law. We are all cutting back on the luxury items (cable, clothes (toys) shopping, vacations, and even Starbucks runs) to get more mileage with buying basic items (food, home expenses and gas). Everyone on SA have blogged helpful tips on combating the high prices of fuel and food. There are SA bloggers promoting free or low cost entertainment ideas that fit a family, couple or single person budget. Bloggers are suggesting ways to find grants and scholarship programs to pay for college/ graduate schools to further earning potential. I love that some are encouraging us not to fear participation in the stock market or investment plans due to wonderful low bargains that can be obtained.

Yes, gas, home costs and food are rising. We all have some sort of contingency plan to for this gloom and doom. I know that my family will be tightening our wallets and purses. I am pretty sure that my fellow bloggers will do the same. The simpler way of life by spending more time with our love ones without spending a ton of money to have fun. Let us not get sucked into the news media fury of financial gloom and doom!

4 Responses to “The Bright Side of the Gloom and Doom”

  1. Ima saver Says:

    I think most of us are prepared. I know I am!!

  2. PauletteGoddard Says:

    I don't feel prepared, but I am an economic hypochondriac who tends to internalize external despair and the anguish of outsiders. I am prepping by rereading The Tightwad Gazette and learning from the frugality thinktank that is Saving Advice.

  3. baselle Says:

    I agree - you shouldn't get sucked into the despair of bad times, just like you shouldn't get sucked into the mania of good ones. Plan to save, save to plan.

  4. Broken Arrow Says:

    I don't feel rather despaired personally. I'm still employed. Big Grin Plus, all the doom and gloom forces the stock market down. Hard. And this makes and ideal time to buy up some stock investments!

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