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  • How long will the 'new frugality' last?

    Posted Aug 01 2008, 01:11 AM by Donna Freedman Rating:

    Gas is expensive and food is going higher and higher. I'm not talking about today -- I'm flashing back to my teenage years. Times were tight between 1974 and 1976, when I ran the household for my father and younger brother. I remember how quickly the grocery money evaporated even though I made all our meals, desserts and snacks from scratch. Gasoline was not only costly but rationed during what was widely referred to as the "energy crisis."

    People combined errands and stayed home a lot more. They cut back on nonessential foodstuffs, did without entertainment and new clothes, and generally tried to make their dollars go further. But this austerity didn't last. The age of conspicuous consumption cranked up in the 1980s, and cars seemed to get bigger each year. More than a few times I've said to myself, or to others, "Have we learned nothing from the '70s?"   Read More...

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  • Attitudes can be positive even when bank balances aren't

    Posted Jun 10 2008, 10:15 PM by Donna Freedman Rating:

    One morning, personal-finance blogger "Blunt Money" got out of bed and stepped right into a puddle of cat barf. How many of us would have let that ruin our entire day?

    Not her. "I chose to just get it cleaned up and move on. After all, the day was bound to get better from there, right?" Blunt Money wrote in a blog essay called "Attitude matters."   Read More...

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