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Common Sense Recession Survival Tips

Common Sense Recession Survival Tips

Sometimes I feel a sense of hopelessness, because it seems that there’s nothing but bad news about the world’s economy. I wonder if things will ever turn around—some people believe that we are in a permanent downturn. My practical side tells me to be a realist, to accept the situation for what it is and to even find the silver linings underneath those dark clouds. But finding ways to cope practically is another challenge. I came up with some survival tips for you—whether you’re thriving, barely hanging on, or sinking.

Tips for Thrivers

Believe it or not, some folks are actually doing quite well in this economy, and if this describes you, breathe a sigh of relief. You may want to limit exposure to the economic news because of all of the gloom and doom reports. If you have discretionary income, open up your wallet and give support to the economy. Go out to dinner, support a local vendor, or hire someone to help out with yard work. This is the ultimate trickle down theory and in this kind of scenario it helps. It’s also important, though, to be ready for a potentially rainy day, because in this economy, if you lose your job, it may not be easy to get a new one. So, as is wise in all times, keep your rainy day account healthy.

Tips for Those Who are Just Hanging On

This is a time for caution and calm focus on your goals. Establish a clear budget and stick with it. Categorize your expenses and find creative ways to live within the amounts you’ve allotted. This may mean taking in a roommate, having pizza out instead of going to a fine-dining establishment, and cooking from scratch rather than picking up take out. Have a staycation instead of a vacation this year. And find ways to treat yourself inexpensively. For example, my husband and I have exchanged dinners out on Friday evening for a drink at our favorite neighborhood bar followed by dinner at home with our pups.

Tips for Sinkers

If you are not doing well financially and are in fear of financial ruin, seek help right away. Consult with a financial planner to come up with a clear plan of action. You might ask your banker for the name of a trustworthy money management group. Limit all discretionary spending. And most of all, don’t hesitate to accept tangible help from support systems, whether these be family, friends, community organizations, or the government.

A bad economy gives us all an uneasy feeling, but it’s also a time to realize what’s really important. Shifting our focus away from material things and onto relationships can result in the awareness that life’s most precious treasures are those that can’t be purchased.

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Dr. Ellen Walker

Dr. Walker is a licensed clinical psychologist born and raised in Jackson, Mississippi. Recognizing that there is no one type of childfree adult, Walker guides clients through the positive and negative aspects of childfree living, taking into consideration the different issues faced by men or women, couples or singles, whether gay or straight. She has a clinical practice in Bellingham, Washington. She and her psychologist husband, Chris, enjoy an adventure-filled life with their two terriers, Bella and Scuppers. Learn more on her website CompleteWithoutKids.com. 

73 comments

+ add your own
12:36PM PDT on Sep 13, 2012

thanks for sharing

9:46AM PST on Feb 1, 2012

thank u!

4:08PM PDT on Oct 18, 2011

Thanks for the tips.

12:36PM PDT on Oct 18, 2011

For those of us who have always been on the poor side (I work in the arts), this recession is just more of the same. In a way I feel lucky to have been in unwitting training for it.

2:35PM PDT on Oct 17, 2011

Common sense advice.Thanks

3:22AM PDT on Oct 15, 2011

read

5:16PM PDT on Oct 14, 2011

It's obvious, I wrote lenghty comment...and it did not get accepted...corporations anyone?

5:12PM PDT on Oct 14, 2011

this sounds like more organized corporate advice...And another sales opportunity...sorry...don't buy it,,,and would not trust this source...I don't care about qualifications...they have nothing to do with the 99%...its all sales...while it may sound careing, it is not...it's just another money making scheme...to take advantage of those of us that need help...Don't fall for it! Do you want to get screwed again?! Haven't we all been screwed enought?...Use your own intuition...that will fare you alot better in the long run! Stand strong! Don't blindly trust anyone, degree or not! You can believe only 1/2 of what u recieve on internet...so be careful! Follow your heart, don't let charletons decieve you, since your down! These people are peditators...be careful. Don'lt fall victum to thier greed. Go within...you will be given the answer, i think in your heart, you already know...so just give it a thought...let your Angels do some work! But do not blindly follow, ever! That will be your demise. Trust in yourself first, and go with that! With that altho the path may be hard, we will succeed! You are not alone...the only person to trust is yourself...and Know that you are loved!

5:12PM PDT on Oct 14, 2011

this sounds like more organized corporate advice...And another sales opportunity...sorry...don't buy it,,,and would not trust this source...I don't care about qualifications...they have nothing to do with the 99%...its all sales...while it may sound careing, it is not...it's just another money making scheme...to take advantage of those of us that need help...Don't fall for it! Do you want to get screwed again?! Haven't we all been screwed enought?...Use your own intuition...that will fare you alot better in the long run! Stand strong! Don't blindly trust anyone, degree or not! You can believe only 1/2 of what u recieve on internet...so be careful! Follow your heart, don't let charletons decieve you, since your down! These people are peditators...be careful. Don'lt fall victum to thier greed. Go within...you will be given the answer, i think in your heart, you already know...so just give it a thought...let your Angels do some work! But do not blindly follow, ever! That will be your demise. Trust in yourself first, and go with that! With that altho the path may be hard, we will succeed! You are not alone...the only person to trust is yourself...and Know that you are loved!

3:45PM PDT on Oct 14, 2011

My husband & I have made huge adjustments. I lost my job when I used to make the most money. Now he pays all the bills, and we dumpster dive for stuff to sell online. That actually brings in a few hundred a month, thank goodness.

My husband is great at budgeting. I'm not. But I've come a long way. We grow some of our own food now. I combine coupons & sales for the best prices on groceries and stuff.

After making $30 an hour sitting at a desk, I've had to take temp jobs for as little as $8.50 an hour, busting my butt on my feet all day.

The news about the economy, how we've been taken advantage of, how it's getting worse in various ways, is always bad. Some mornings I have panic attacks. I can't bear to think very far into the future. Just one step at a time.

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Disclaimer: The views expressed above are solely those of the author and may not reflect those of
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people are talking

Great, thanks

After going through illnesses and deaths of loved ones, I think the best advice is to have compassio…

Yep...on all fronts. TYFS

Very helpful information, especially the ten points to consider about hiring caregivers.

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