I don't know about you but all this talk about the world economy being in the crappers and that we should all be bracing for the Depression of this century is really killing my natural urge to shop. How can I get psyched about Fall boots when I see that my mutual funds have dropped 1/3 in value? Mutual funds! Anyway, I've instituted a self-imposed temporary shopping ban on non-essentials. I've been good so far since I've been back from vacation in China. The only exception I'm making is gift buying, which actually is an essential if you think about it. Just because the economy is bad doesn't mean that my best friend should get coupons for her birthday. I always feel doubly satisfied when gift shopping because you're doubling the happiness. I enjoy the giving and the recipient enjoys the gift! Also, I feel justified in buying clothes for my one year old son since he now needs a warm coat for winter. But these are just small doses of shopping fun in the grand scheme of things. Up next, I will look into retailers who are deeply discounting because of the state of the economy. Maybe there is a silver lining after all.
Tuesday, October 28, 2008
The Shopping Blahs
I don't know about you but all this talk about the world economy being in the crappers and that we should all be bracing for the Depression of this century is really killing my natural urge to shop. How can I get psyched about Fall boots when I see that my mutual funds have dropped 1/3 in value? Mutual funds! Anyway, I've instituted a self-imposed temporary shopping ban on non-essentials. I've been good so far since I've been back from vacation in China. The only exception I'm making is gift buying, which actually is an essential if you think about it. Just because the economy is bad doesn't mean that my best friend should get coupons for her birthday. I always feel doubly satisfied when gift shopping because you're doubling the happiness. I enjoy the giving and the recipient enjoys the gift! Also, I feel justified in buying clothes for my one year old son since he now needs a warm coat for winter. But these are just small doses of shopping fun in the grand scheme of things. Up next, I will look into retailers who are deeply discounting because of the state of the economy. Maybe there is a silver lining after all.
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I agree (and admire your band on unnecessary spending). My retirement accounts have also dropped a lot in value. It is really, really discouraging.
Although as with every economic downturn there are new opportunities, there are lots of business that prosper in times like these (of course luxury brands aren't one of them--they are companies like costco, walmart and discount stores)
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