The Credit Crunch Is Good For Me

Say what we want about the credit crunch, it’s been good for us and the way our spending was reeling past the red zone of the crazy meter. I know this sounds bizarre. How can tightening our belts and having to spend less be good for us? How can cutting back on luxury items or entertaining our kids be good for the way they live, and in their best interests? Having to reduce the amount of energy we use in order to cut our bills and spending, surely is a burden and not a blessing.

On the other hand, we can choose to see it this way: Having to tighten our belts makes us more careful about what we buy when we go shopping, not only that, it encourages us to think twice about wasting food. When we experience this kind of lifestyle it makes us pay more attention to the poorer people in the world who exist on much less than we do, even now. This outlook is positive because the wasteful, thoughtless person we’d become in our abundant, gluttonous lifestyle is finally being held in check.  

Having to teach our kids that expensive toys are to be cherished, and they have to wait and save up for what they want is positive parenting. It’s instilling into their characters, value and appreciation for the things they have (and will have). Think of the values we had when we were children, when many people were given just one Christmas present. Some of us unlucky ones never even had that many. 

The credit crunch will reduce a lot of Christmas sacks this holiday. Alas, happiness will have to come from the time we spend with each other and the board games we play for hours on end. This can only be a good thing. How much longer could we’ve gone on increasing the numbers of presents we gave out? Every year Christmas had to be bigger and better. Where would it have ended? How much would we have spent, and to what limit would we have gone, had the credit crunch not thankfully burst the financially captive bubble in which we lived.

Halloween, Thanksgiving and Christmas lights will be turned down this year. Bills will be checked and turkeys will be smaller with little or no wastage the following day. Yes! The credit crunch has been good not only for our environment but for our own sanity. 

And how’s the credit crunch treating you this week?

My book ‘How To Spend Less’ is now available to buy on Lulu

~ by yearzerowriters on October 26, 2009.

4 Responses to “The Credit Crunch Is Good For Me”

  1. 🙂 Controversial post, Anne – let’s sit back and watch the fireworks.

    As a person (as opposed to a writer – as an independednt writer the credit crunch is a land of opportunity) one positive of the credit crunch is that it has levelled the playing field a little with a lot of people we know who have thought they had it hard when in actual fact the dilemmas they faced were over what brand of new car to buy. Some of them are finally realising that making everything they put in their mouths organic has cost implications, that not everyone can afford what they want – and it’s made them slightly more tolerable to be around.

    On the other hand, not everyone is in such a fortunate starting position. As you know, I sit, and have sat,on a number of steering groups on debt and mental health – and there’s a big swell of opinion that the recession is a mental health timebomb waiting to go off.


  2. Dan, I do hope that the recession is not as extreme to mental health as you put it. Of course, I understand that it affects people tremendously when they find they can’t pay their bills or feed their kids. I think that for the (your) former group, the credit crunch will bring us down to earth a bit, and hopefully appreciate the suffering of other people and help if we can.

    I know this is idealist. I’m an idealist in many ways, I know that it’s made me step up in my charity work more than ever, knowing how hard it must be for people who’re starting with nothing.

    Our world has got so many treasures. There is such an imbalance, for while we stuff ourselves fat and force feed our kids until more than half of them are obese (they’re weighing kids in school now because so many of them are overweight), some people’s kids are dying of hunger.

    Imagine what we could do if we shared around a bit more. I think this recession can give us the urge to do so – if we’re lucky.

  3. I’m an idealist too, Anne. A more global approach to equal distribution is something we never have enough of – we need more shaking out of our insular bubble.

    On debt and mental health, it IS a huge, and increasing issue – I’ve got a piece coming out on it, based on my work in the area, at the start of December (a proper piece of proper journalism!).
    There are all sorts of factors at play, but the sad truth is the recession will claim lives.

  4. Recession WILL claim lives, but so does prosperity. When we’ve got all we want and money is no longer an issue, what happens next?


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