Tight Economy...How Do You Cope?

United States
September 2, 2009 11:27am CST
In this day and age, it seems like almost everyone is behind on one or more bills. The tight economy is draining household finances at a rapidly increasing rate. With all that is going on, I often wonder how many Americans (and overseas) are struggling to make ends meet and keep a roof over their head. Does anyone else feel like they are drowning in a sea of endless bills? Are some of you in good shape? What do you think our government should be doing to help, if any? Has anyone gone back to 'cash only'? If so, was it by choice or force? Is anyone considering credit counseling or bankruptcy? Does anyone have experience with credit counseling? If so, was it worth it? (Really curious about this, as I am toying with the idea...sadly.) Overall, how do you cope when money is tight? Do you have any tips or tricks to share with others that might be struggling still? I think we can all learn from each others experiences, whether in good or bad shape financially, so all answers are appreciated. Best of luck to all of you no matter what your situation! I know one day the economy will recover, but it's still rough somedays...
2 responses
ginahinderliter
@ginahinderliter (270)
• United States
2 Sep 09
If it was my husbands choice we would have always been cash only. I haven't switched back to cash only. Our main cut back is we eat less expensive meals. I have found meals I could fix the family for a buck (that's 3 children and 2 adults). So when we need to cut back that's what I do usually. Being able to make a few bucks online is a helper because I'm home all day with my business anyways and have plenty of free time.
Care4Pets
@Care4Pets (176)
• United States
2 Sep 09
That's terrific advice, gina! Cooking at home and with cheaper ingredients is one of the best ways to cut back on expenses. Many people don't even realize how much they spend on groceries or eating out/fast food. The only thing I could add to your piece is to use coupons and shop on sale. If you have a couple stores close to each other, then get what you need from either one, especially if it's on sale. Also, take that Sunday paper and go through the coupon section. It can really add up! Better yet, join one of the online coupon sites. Does anyone have suggestions from some great online coupon sites? Are there any other tips for saving on groceries and food?
puccagirl
@puccagirl (7294)
• Israel
26 Sep 10
Wow, being able to cook for a buck sounds great! Could you tell us some of the dishes you make? I am sure there are tons of people on MyLot who would love to be able to do the same!
patofgold23
@patofgold23 (5069)
• Philippines
5 Sep 09
i this tough time...I just save as much as I could and avoid the unnecessary spending... I do feel that way..like i'm always catching up with bills and all... no matter how hard i work every single day,and I don't even get to rest on weekends..it seems just not enough... * i try not to go out when i don't need to...coz i tend to spend unnecesarily if i'm in the mall * i recycle food * I try to limit my mobile phone calls and SMS sending... *i look for discounts and bargains.... anything to help me cut cost