What I Like about the Recession

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Some people are losing their jobs, homes, and retirement, and I don’t want to downplay that.

But what if this recession isn’t such a bad thing?

I know for me it has really made me tighten my belt and watch my expenses, forcing me to stick to a budget as I should have been doing along.  This has given me more money for three things:

  • Paying off debt.
  • Saving.
  • Giving to the church.

All of which are good things.  I know I’m not the only one.  Others have checked their spending so that it doesn’t exceed their income.

This is a good thing.

May we remember these lessons from the “hard time” when the years of prosperity, along with their greed and carelessness, rule again.

20 thoughts on “What I Like about the Recession

  1. It’s interesting that you say that today. I was reading in “Suffering and the Sovereignty of God” this morning, and Piper said that suffering in lean times actually causes people to give more to the church and toward missions. Very interesting. I’m not sure if we’ve yet seen that occur in my church, though. Giving to the General Fund has been down, yet our Missions giving has been up. Time will tell, I guess.

  2. I agree with you wholeheartedly. I think we’ve all become accustomed to a nice lifestyle and actually having to watch our spending seems foreign. We always try to stick to our budget, but even moreso now.

  3. Reminds me of the story of Joseph. I think it’s helping us to realize that being frugal is a lifestyle, not just in the bad times. Hopefully all we will learn will carry over into times of plenty as well.

  4. I’m not personally feeling the recession either, but I’m not taking it lightly at all. I know others who are in the job market.
    I think it’s good for people to have a different attitude toward debt and spending in their personal lives. I’m always looking for ways to curb spending in the everyday things. We have no debt except for our mortgage, but the little things add up.

    Joy

  5. Definitely good reminders. This recession is but a symptom of overindulgence and greed accrued througout the years. I think its a self-correcting phenomena we’re facing. Those at the top should be the first to pay, I think.

  6. I was watching a show earlier and they were talking to people who were living in tent cities. They interviewed someone who used to have a nice house, a car, a boat and so on and now they are living in a tent. I am sure the message was supposed to be, “feel sorry for these poor souls” and I do, but all I could think was maybe if these people had saved a little more and spent a little less they would have survived the lean years a little better.

    I do hope people take these lessons to heart, but sadly, given the borrow and spend (!) example our govt is setting, not to mention all of the bailouts, I doubt it.

  7. So true! It actually has been really nice making more home cooked meals than eating out. I’ve got to try a whole bunch of new, yummy recipes!
    Also, we downgraded my vehicle from a comfy, loaded, 3-row SUV to a clunk. Was very sad to see it go but happy to have that extra $415 in our account!

  8. Do you realize just how much harder it is to leave comments on this site?

    That being said, I am quite in agreement with you. A recession is the free markets way of balancing its books. The only reason this recession is so terribly bad is that the government has been and is way too involved with the economy, which artificially influence the market. What we are experiencing today is the effect of too much government on way too many levels. But you will not hear this anywhere out there in mainstream american media. The speech laid out last night called for an even greater govt. involvement.

    So this is how America Dies………..to thunderous applause.

    Anyway, Have a great day!

  9. It was due to come. I felt like my generation had felt entitled to everything their parents and grandparents had to work for. It is a good thing we learn these lessons now it is just so darn stressful.
    I told the hubs our kids, kids will probably be facing the same thing again when history is due to repeat itself.

  10. Wow…some really good comments! I would like to add to the first comment though. I find that, generally, this is the case not just with money but with lots of things. We tend to not “need” God until things are dire. We don’t want to straighten up in other areas of our life until they become bothersome. Money and living beyond our means is not excluded.

  11. I agree. It’s forcing everyone to live WITHIN their means which is a foreign concept to some. I think the bailout was lousy because now our kids and grandkids will inherit this debt but that’s another topic. I just wish that the govt set a better example for the people…not being in debt is a BEAUTIFUL, beautiful thing. I aim to be there soon!

  12. Ronnica,
    I’ve been asking that question for the past few months. I, like you, don’t want to downplay the fact that people are losing their jobs and homes. However, I don’t buy into the “gloom and doom” mentality that the media is trying to force on us. I keep hearing them say stuff like “this is the worst our economy has been since 1991…” So, when they say that, it actually gives me hope. 1991, although I guess a while back, wasn’t that long ago (in fact, I was in High School…and that only seems like yesterday lol). BUT, if we came back from it before, won’t we come back from it again? And, like you said, if it causes us to live on budgets and watch our spending, then it can’t be all that bad, right?

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