Monday, December 01, 2008 | 7:58 a.m.

Everyday Cheapskate

Home > Lifestyle Columns > Everyday Cheapskate
Please contact your local newspaper editor if you want to read Everyday Cheapskate's column in your hometown paper.
Mary Hunt photo

Recently

  • A Very Merry, Debt-Free Christmas
    Back when I was young and stupid, the hardest thing about my holiday shopping was keeping track of which credit cards had available balances and which stores accepted which cards. Repeating the colossal credit binge year after year impacted my life …

  • 'Don't Ask, Don't Tell' Christmas Shopping
    Dear Mary: Do you have any suggestions for less expensive Christmas gifts? I want to buy gifts for my five college-aged kids, but I want to cut down on the cost. I usually spend between $75 and $100 on each of them. I want to stay within a budget …

  • Curb the Urge To Buy Everything You See on TV
    If you ever have ordered something you saw on television in a fit of compulsivity and then wondered what on earth you were thinking when it finally showed up, you're going to love today's first reader tip. It probably will make you smile, as well. …

  • 5 Good Things About Consumable Gifts
    A quick check of the calendar confirms what we all suspect: Christmas will be here in only a few weeks. If that sends your heart rate into semi-panic mode because you haven't even begun your holiday shopping or you don't really have a lot of money …

Finding Good, Even in a Recession

If you like Mary Hunt, you might enjoy

It's pretty hard to find anything good about gasoline prices hovering at an all-time high in the U.S. But I know that my grandmother would find something to point out. That's just the way she was. She always could find a rainbow, no matter how dark the storm.

I thought about her recently when I read about professors Michael Morrisey, Ph.D., of the University of Alabama, and David Grabowski, Ph.D., of Harvard Medical School. They studied traffic fatalities from 1985 to 2006, when the price of gas hit $2.50 a gallon. They found that for every 10 percent increase in gas prices, there's been a 2.3 percent decline in auto-related deaths. Now that gas prices have pierced the $4-a-gallon mark, they expect to see a drop of about 1,000 deaths per month. In those terms, it's pretty difficult to loathe the high cost of gas. Well, maybe not loathe it quite as much.

And there's another good thing about rising gas costs. People are shifting where they want to live and shop so they stay closer to work and home. That means that some blighted areas close to inner cities are getting revitalized -- all because of the high cost of gas.

By staying closer to home, shoppers are helping out the smaller local stores that struggle to survive. That's what is happening in Thomasville, Ala., a town that was slowly dying and now is seeing a major resurgence. In fact, the once-sleepy town is experiencing traffic jams on its main street from shoppers who no longer can afford the gas to drive many miles away to a big, fancy mall.

If it's any further consolation for the poor economy, Americans are racking up debt at a slower pace these days because it's getting increasingly difficult to acquire new credit.

We also are eating out less, which I can only assume means we're cooking at home more.
Could it be that this slowing economy actually might be good for families by bringing them back to the dinner table?

There are a few economists who argue that a recession could make us healthier. When times are economically tough, they say, we take better care of ourselves, are more likely to look after others, and surprisingly we become less anxious. Edward Glaeser, an economics professor at Harvard, says that a recession becomes a time of possibility despite the inevitable human suffering that accompanies it.

I don't know all the ways the slumping housing market, high gas prices and soaring food prices are affecting you specifically. But I do know this: In every difficult situation, there is always a bright spot, be it ever so tiny. If we look deeply enough, we will find something for which to give thanks. Even in a recession.

Mary Hunt is the founder of DebtProofLiving.com and author of 17 books, including "Debt-Proof Living." You can e-mail her at mary@everydaycheapskate.com, or write to Everyday Cheapskate, P.O. Box 2135, Paramount, CA 90723. To find out more about Mary Hunt and read her past columns, please visit the Creators Syndicate Web page at www.creators.com.
COPYRIGHT 2008 CREATORS SYNDICATE INC.




AddThis Social Bookmark Button RSS Get RSS Feed for Mary Hunt Email updates Email me Mary Hunt updates Comments Comments
Originally Published on Monday August 04, 2008

Editors Picks - Lifestyle Columns
Gene Can Affect Ability To Lose Weight, Study Says
Dr. David Lipschitz
Think Pink: Breast Cancer Awareness Month
Sharon Mosley
Take That!
Patty Saunier
See All
More Mary Hunt
Dec. `08
Su Mo Tu We Th Fr Sa
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
View By Month
About the author Print friendly format Write the author Email This Article to a friend
All newspaper editors want to know what their readers like. If you would like to read this feature in your local newspaper, please do not hesitate to share your enthusiasm with your local newspaper editor.

 

Shop Creators Syndicate

 
Monday, December 01, 2008 | 7:58 a.m.
About Creators | Privacy Policy | Contact Us | Editor's login | FAQ | En Español
Copyright © 2006 Creators.com. All Rights Reserved.
Web Development by JJCO