One Benefit To The Economic Mess: Less Pressure

While I’ve never been one to keep up with the Jones’, I’ve noticed a palpable sense of relief amongst many friends, acquaintances, and message board posters that the pressure to keep up, show off, and compete is off. At least for the moment.

In the heyday of the 1990’s and early 2000’s, everything was about buying bigger, better, faster, cooler, and swankier products. Everyone was upgrading their kitchens with granite and stainless. Everyone (it seemed) had a luxury car of some sort in the driveway. If you didn’t have a big screen TV and surround sound, you were out of it. For that matter, if you didn’t have a dedicated “media room” you

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6 Responses to One Benefit To The Economic Mess: Less Pressure

  1. Yes, saving money and being frugal is all the rage these days. Not having to keep up with the Jones’ eliminates one less drama in your life.

  2. Yes, Reality has set in, there is less pressure to keep up with other people now. Wealthie people than us are talking “Saving Money”. That makes it easier to cut back.

  3. ceejay74 says:

    Great article. I realized I was in financial trouble and started cutting back about a year or more before the recession hit all my other friends. They were nice but pitying about my family’s new frugal lifestyle. Now we get praise and respect from people who ended up having to cut back a little later anyway.

    I’m kind of glad that I did it on my own terms, before the recession hit. I feel like I learned the lesson better that way, and hope it will stick with me the rest of my life.

  4. Very well put–I am in complete agreement! Not only is the new frugality a social relief, it is a wise and sensible philosophy of life! History shows us again and again that the practice of frugality, or the lack of it, has been pivotal in the rise and fall of nations and civilizations.

    Like you, we have lived a simple, frugal lifestyle for decades. In fact, my first book “Frugal Luxuries” was published over a dozen years ago (1997, Bantam, NY). The fact that it (and it’s companion volume) has never been out of print illustrates the fact that there have always been a core group of “frugalites” (a word of my own making: Those souls who recognize the wisdom and value in living within our means.

    Thank you for highlighting this subject so well.

    Warmly,
    Tracey McBride

  5. baselle says:

    Its great in general, but now I’m hearing about my friends trying to outdo and compete with me in saving. Its interesting, but I feel like the pendulum is swinging over the other way.

  6. Mike Bau says:

    If you live on less than you make, you can’t hardly get in any trouble. And now, everything is “on sale” for those that have cash – houses, mutual funds, you name it….

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