Your Path to Beating the Recession

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TO DO LIST

1.  Shop at locally run independent stores.  This keeps the money local as opposed to big chain stores sending large chunks to head offices in other areas or other countries.  In some cases things are cheaper at the smaller stores because they do not have high over head.  Big Box stores typically sell some items cheap, but others very high so if you shop around at smaller stores you might in fact find some better prices, and certainly will find more unique items. 

2.  Buy locally made goods and products.  Anything that is made in your own country is far better than spending money on something made oversees.  Keeping the money in your economy will strengthen it.  If possible buy things that are made in your area, such things can often be found in consignment stores or craft fairs.  

3.  Buy locally grown food and produce.  Shopping at farmers markets is a great way to keep money circulating locally.

4.  Tip your waitstaff, cabbie, hairdresser, etc.  Putting money straight into the hands of the people who live in your community is a great way to help kick start spending.

5.  Hire a local person to cut your lawn, or shovel your snow.  Paying a neighbour kid to do these tasks puts money into the hands of another person, kids especially will probably spend the money, thus supporting a strong economy.

6.  In areas where you can return bottles for cash, do so.  This is a great way of getting money back.  Otherwise these items go into the landfill, which is the same as throwing money into the garbage. 

7.  Save a bit.  Every pay check put some money aside, even 5%.  If you ever find yourself in an emergency, such as a sudden job loss, this money is there for you.  Use it wisely, cut down expenses immediately, and live frugally until back on your feet.

8.  Tell people where you work.  For example if you work in a retail shop, and go out for dinner, feel free to say to the waitress “I work at the Shoe store down the way, and decided to come for dinner, if you ever need shoes feel free to check us out.”  It sounds corny but creates a loyalty.  I work in a retail shop and have had new restaurants open up nearby.  I can tell you I am more likely to go into the ones where the owners came over to meet us and welcome us to try them out.

9.  Shopping at second hand, or consignment, stores is a terrific way of supporting the economy, since no money went into the production of the item, no money is being spent to reorder it from another area.  In cases of consignment stores – you are putting money back into the hands of another local person. 

10.  E-Bay.  While I have never bought or sold on eBay, I know it is a terrific way to circulate used items, and thus circulating cash in response to the purchase.

11.  Classified Ads.  Finally check out the local classified ads for any thing you might need or want before buying from a store.  Money goes right into the hands of an individual, thus spurring them on to spend it too. 

DO NOT

1.  Freak out and Panic.  If you have money to spend and start keeping it all, you are stalling the economy, for sure you should not spend beyond your means, but when people panic and stop all spending it hurts everyone.

2.  Talk about your money fears.  When you talk about how scared you are of the recession, you actually encourage fear in others, this stops them from spending, again hurting everyone.

3.  Spend more than you can.  Getting in debt is a foolish thing.  You can buy stuff without going into dept.  If you want to go out for dinner, go out, but don’t go crazy if you cannot afford it.  Go out for lunch rather than dinner, for example. 

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