Tightwad Chic

Due to the economic downturn, more people are watching what they buy and, apparently, it has become popular to show that you care about saving money. The Washington Post reported today that “being cheap has become socially acceptable.” In the article, Dan Ariely, a professor of behavioral economics at Duke University and the author of Predictably Irrational, noticed a “new, more thrifty pattern of consumer behavior.” He recently conducted a survey for Bank of America and found that about 80 percent of people surveyed said they are more conscious of spending now than they were at the beginning of this year. The article also noted that a Gallup poll in April showed 59% of Americans enjoy saving money, compared with 48% in April 2001 and the percentage of people who said they enjoyed spending money dropped to from 45% to 37%.

To read the whole article, go to http://www.washingtonpost.com/wp-dyn/content/article/2009/06/04/AR2009060404577.html?hpid=artslot

So many people use shopping as recreation, filling their homes with stuff they don’t need. Before you go shopping, see if you already have something that you can use for the same purpose. Remember: Just because something is inexpensive doesn’t make it a bargain. How can you make do with what you already have?

Organized by Marcie: Getting you organized so you have time to do what you love to do!

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