Saturday, October 11, 2008

Money & Business

Alpha Consumer by Kimberly Palmer

Do You Enjoy Saving?

July 17, 2008 11:35 AM ET | Kimberly Palmer | Permanent Link | Print

A recent conversation got me thinking: Will any of our money-saving moves in response to the economy stick, even if we return to flush times again? For example, some people may have discovered they enjoy cooking at home more than going out to restaurants or buying fewer clothes to clutter up the closet. I started riding my bike to work, partly because it saves me about $70 per month in commuting costs, and now that I'm in the habit, it's one of my favorite parts of the day. Even without the savings, I would still do it.

What about you—have any changes you've made for economy reasons turned out to be keepers?

Tags: personal finance | savings

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Reader Comments

Well, my spending habits aren't a direct result of the economy, but an indirect result. Influenced in part by the downturn in the economy, I thought it might be best to stay in school another year so I can be eligible for a license in mental health counseling. The result of taking a summer course, working 15 hours a week, and externing 20 hours a week is that I'm too tired to do anything much beyond eating and sleeping. In fact most if not all of my expenses the past 6 weeks have been for food, transportation, and other necessities. Netflix has been my primary source of entertainment, and my socializing comes in the form of hanging out in my boyfriend's backyard (a rarity in NYC) with him and his 2 friends who happen to live upstairs from him.

When he lived in his old place where he had roommates and no backyard, we spent so much money going out and now we spend so much less by eating in and picking up a 6 pack. I think this change is here to stay.

Saving money is too much work

H*!! NO

Americans have allowed themselves to be conditioned to be told that they deserve everything they want just because they're alive. Saving money is too much work! Convenience is in. Why do you think bottled water took off, especially by the eco-hypocrites.

Riding a bike is the best part of the day? Do you really enjoy sweating or freezing for an hour twice a day, or are you a fair-weather biker?

Jimmy - no, it is about 90 (or higher) degrees in DC, but I just change my clothes when I get to work... but it is mostly downhill on the way (it's going home that's hard). But still, it's better than waiting in the sun for the bus.

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About Alpha Consumer

Send an E-mail to alphaconsumer@usnews.com.

Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Share with her your own money issues by sending questions to alphaconsumer@usnews.com.

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