Wednesday, January 19, 2011

6 Tips for Overcoming a Bad Economy

tips for bad economy
6 Tips for Overcoming a Bad Economy
Overcoming a bad economy starts with overcoming the almighty dollar sign.  There are so many ways to get what you need to survive from housing to food without having to "pay" one single dime; you just have to learn where, when and how.  Here are 6 tips to start living with more resources and less money.

1  Consider your resources both physical and intellectual.  You will want to sit down and make a list in each category.  What are your strengths? Who do you know? Do you have an education or a special talent?  Perhaps you have a fantastic backyard and a green thumb...grow your own food, sell or trade at the local Farmer's Market.

2  You can usually get it for free.  It may not be exactly the condition or color that you wanted but check craigslist and OLX before you go out and spend your cash.  They have everything from firewood to furniture for free.

3  Network, Network, Network.  Build a successful social network both online and in person.  If you are a homeschooler then join a home school support group, if you are in business join the local chamber.  The more people you know the more resources you will have access to.  Networking is the best way to find bartering and exchange opportunities.  You may even consider joining a bartering club.

4  Learn to negotiate.  Negotiate price, negotiate salary, negotiate the bottom line.  Negotiating is simply asking for what you need and finding a compromise between what you need and what someone else can offer you.

5  Diversify your efforts.  You know the old adage "don't put all your eggs in one basket." Well it is true.  Don't be limited by networking in business.  To some extent it is good to let your business life spill over into your personal and home life and vice versa.  You never know who you might know at church or school.  Perhaps someone has a house for rent that they will exchange for work that they need done on it. 

6 Finally, be a creative problem solver.  What do you really need and how can you get it?  When my husband returned to school we realized that we would need housing during his education.  By finishing my degree at the same time we were able to secure a place in campus housing as well as additional grants that we would not have received otherwise.

Overcoming the bad economy is not as hard as you might think; it just takes a little creativity and forethought.

You may also want to read 20 Money Saving Tips from Grandma.

How I became Considering frugal

Fueled by the growing list of pollution related allergies my family suffered from each day and inspired by my 97 year old grandmother who could recycle ANYTHING before recycling was cool, back in 2011, I decided (in the spirit of the Julie/Julia Project...) to embark on a journey to see just how much one family could do to change our planet. I did not consult any other parties before I launched this idea. Thankfully my husband, daughter and son are usually my biggest supporters. Here is the catch; as I am normally very thrifty (you can note from early blog posts), I was looking for ways that I could reduce our carbon footprint and make socially responsible purchases without increasing our spending. Mmmmmm. I did succeed in changing our habits a bit and finding ways to reduce our footprint. There were lots of fun epic fails alone the way too! But the biggest change we have made over the course of the last six years, was to move from the mega city of Phoenix to Wyoming where we are about to take an even bigger step and move out on a dirt road in the country where we can expand our hobby bees and more! You can read my full bio on my About Me page.

Legal Disclaimer

While it is true that I am working on a PHD in Psychology and very smart and frugal, I am not a medical doctor, criminal, personal or accident lawyer. I do not sell insurance nor am I an accountant or mortgage advisor. While some of my posts may offer good ideas on home, health and business solutions, I am not personally responsible nor is Considering frugal for any advice, ideas, recipes or menu plans that you decide to use. This blog is intended to be helpful and fun. Any products you purchase from my Amazon store or any other retailer advertised on my blog must be returned to them. I may sometimes endorse a product that I love. This is simply my opinion, you must try all products at your own risk. While I personally do not use tracking cookies or share information, my affiliates are third parties and they may do so. Please click, travel and purchase at your own risk.

frugal advice

"...for your Father knows what you need before you ask." Matthew 6:8