Not wanting to influence your spending one way of the other (who knows what effect THAT would have on the world economy!!!), I saved this post for the post-holiday period of reflection.
As I write (December 23), I have just learned that, according to the Wall Street Journal, people are spending. Other indicators that I read here and there suggest that the economy will improve in 2011. Something--as Hamlet said--"devoutly to be wished."
I wonder: will frugality fly out the window too? The easiest time to be frugal is when you don't have to be. To inoculate myself against the temptations of spending, I looked at a video done by New England Public Television in 2009. The video features Amy Dacyczyn, someone who practices a far more pathological mode of frugality than I do. You can see the clip on Boston Gal's Open Wallet, which is where I first saw it.
If you don't want to take the time to watch Amy, let me paraphrase some of her words of wisdom. The reporter asked her for ONE PIECE of ADVICE. Amy said she would urge people to practice frugality during the good times, so that when the bad times came, they wouldn't be so bad.
if you want more Amy--for philosophy as much as for tips--see the book. Take it out of the library. Interestingly, if you look at Amazon, you will see that the book retained its value better than most of its genre and vintage.
Do you think the lessons of the financial meltdown will stay with people as we--hopefully--move to better times?