Good Things Can Happen In Tough Times
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Technically, the U.S. is not in a recession, but I know for many of us it looks and feels like a recession. So let's just say for the next few paragraphs that we are in a recession because honestly, we could be soon. Is there any good to be found in a recession? Is there any way we can thrive during such a challenging time? You bet there is!
1. First-time homebuyers, rejoice. With prices falling, dramatically in some areas, young families who thought they'd been priced out of the housing market will have many opportunities to jump in. You may need to wait a bit longer, but expect to have your choice of many fine homes that you can afford to buy.
2. Bye-bye, junk mail. While I cannot say from personal experience (my wonderful LifeLock membership has banished every scrap of junk mail from my home life) it is being reported that direct mailings, junk mail and credit card offers decline tremendously when the economy weakens. What a relief that is.
3. When gas prices are high, we walk and bike more to the store, train station, school and church. We get more exercise while the highways become safer. No kidding. Auto accidents have dropped by one-third this year.
4. During recessionary times, more people start home-based businesses. One expert says that a recession causes wages to fall, rents are cheaper, competition is scarce and goods and services are discounted. What a great time to be your own boss.
5. People are using more coupons to save on their household needs. Online coupon websites have seen increased traffic to 38 percent due to more people demanding the use of coupons.
6. When money is tight, we eat out less. Research has shown that more families are cutting back on eating out at fast food restaurants. We know it's healthier and cheaper to cook at home, and if it takes a recession to get us to do that, and families to eat together regularly, wonderful.
7. When the going gets tough, we find out what we're made of. Tenacity, courage and faith are great character qualities that get a good workout when times are tough.
So let me say it again: Tough times don't last, but tough people do.
source: Debt-Free Living newsletter
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