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The New Frugality

Writing

Money JarToday’s been “chore day,” and I’ve spent most of it on the phone and online making all the necessary arrangements for my move on May 10….

A thought-provoking post at Digerati Life on the recession diet and the shift to frugal living caught my eye as I was working my way through the gas company’s telephone menu.  The article summarizes various news sources’ descriptions of ways in which America is tightening its belt and offers a list of hints for cutting down costs.

I do pretty well with the “recession diet” described there, although I’m not the Queen of Frugality by any means.

I eat lightly and hardly ever cook meat, but I don’t skimp on the quality of the food I buy — I like organic milk, arugula, and fresh mozarella.

I shop at outlet stores, including Ross and Mervyns, for the fundamentals, but I love blazers from Chico’s and Coldwater Creek, and I recently invested in handful of expensive but versatile and long-lasting button-down shirts from Brooks Bros. Fortunately, both Chico’s and Brooks Bros have outlets near me, so I can get their stuff at a few dollars off.

I plan to drive my pickup into the ground, but since travel is one of my life priorities, I’ve been traveling more often in this last year. However, I fly economy, try to mix travel with conferences to get the trips partially paid for by the university (and some expenses written off for business), and stay in cheap hotels — in my off-conference days in Australia, I’ll be renting a room for myself in a youth hostel! Paying for two hostel beds in a room with an en-suite bathroom is still considerably cheaper than getting a hotel room, and I expect I’ll meet some interesting people there, too.

I rent DVDs instead of go out for movies, use the library to get books, don’t watch TV, don’t play video games, use energy-efficient light bulbs, and in general don’t have any expensive hobbies except reading manga, which doubles as my academic research interest. I feel that my Netflix and internet subscriptions are worth the money I pay for them, so I’ll be keeping them. If I thought there were any reasonable way for me to get rid of my phone I would, but that’s not really practical. I do own the ugly freebie phone and use the cheapest plan Verizon offers, though, despite my lust for an iPhone.

I’m reluctantly avoiding househunting because I know a mortgage would put me at financial risk. Yeah, prices are dropping, and yeah, my university would give me a small forgivable loan to help out, but this is one of the most expensive areas in California to live, so….

I guess I can call writing a “second job,” although I get precious little income from it. ;-) I might teach a few classes next summer to help save up for a trip to Japan that I hope to take in 2010.

I’ll be spending some money on the move, of course — besides the cost of movers and all the utility setup fees and so forth, I’ll want to buy a few new household items, too. I have an odd phobia about moving toilet brushes from one place to the next. I mean, doesn’t that seem a little “eeww” to you, too? And I’ll certainly be paying more at the new apartment than I am here. But I’ve budgeted for all this, and I’m really looking forward to getting into a nice apartment of my own again!

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drupagliassotti @ April 30, 2008

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