Ever since my wife, Jude, found out that Target regularly drops off brand new items at our local Goodwill Store, she has gotten in the habit of shopping there. On a recent visit, she was surprised to find new LEGO sets for 60 percent off the original retail price, so she stocked up on what […]
You’ve probably heard of the 80/20 rule – that 80 percent of the effects come from 20 percent of the causes. There are all sorts of places where this rule is at work. For example, at many companies 80 percent of their sales come from 20 percent of their customers. Recently, popular personal finance blogger […]
The Great Recession has impacted all of us. For some, the impact has been painful (think job losses). But the financial downturn also seems to be fostering widespread personal changes that, if they stick, have the potential to improve our lives. U.S. News & World recently summarized some of the key recession-induced changes that researchers […]
There was a good post on the Wisebread blog recently about the author’s preference for things that wear out rather than fall out of fashion, break, or become technologically obsolete. He noted that people’s primary reason for replacing something used to be that it wore out, whereas today the main reason is more likely due […]
There was a good post on the Wisebread blog recently about the author’s preference for things that wear out rather than fall out of fashion, break, or become technologically obsolete. He noted that people’s primary reason for replacing something used to be that it wore out, whereas today the main reason is more likely due […]
Retail sales have taken a hit because of the recession. But shoppers haven’t disappeared altogether; some have turned into swappers. As reported on Mainstreet.com, clothing swap groups have become popular on Meetup.com, a site that helps users organize or find meetings based on common interests. Everyone who brings something to the swap event may take […]
In the last issue of this eNewsletter, I summarized a story highlighting several new words and phrases that have come into popular use during the recession. I then asked you to submit your favorite recession-related words that have a positive connotation. Among the suggestions: Pam wrote in with recessionables, which pertains to clothing found on […]
While numerous retail chains are closing stores or putting expansion plans on hold, second hand shop sales are booming. A Chicago Tribune article explained that the recession has turned fashionistas into frugalistas. Goodwill, whose sales of donated items help fund job training for homeless and disabled people, is working hard to capitalize on the trend […]
Lots of businesses are hurting right now, but not those involved in fixing and mending our stuff. According to an article in Time magazine, cobblers and tailors are thriving as people opt to repair old shoes and alter ill-fitting clothes rather than replace them. The same is true for shops that repair everything from cars […]
While we can’t control what’s happening in the stock market we can control what’s happening in our homes, and now is an especially good time to look for ways to spend smarter. U.S. News & World Report offers a great collection of ideas for saving on the cost of food, clothing, healthcare, and more. Such […]
