Positive Side Effects of a Bad Economy

I've learned some important lessons over the last few years that are increasingly becoming a large part of my life. The current economic conditions in the world are forcing me to live out those lessons more than ever before. It has pushed us into a deeper understanding about being satisfied with what we have, simplifying our schedule and taking stock of what is actually important in life.

We still live in Minnesota because of our large extended family and friends, but failed to get together more than a few times a year. We've made a more conscious effort this year to get together and communicate openly with our family. Throughout history people are bonded together through struggles and turning difficult situations into successes. We find ourselves in a similar situation. In areas where we are disconnected with family or friends we are mending fences and investing in those relationships. We can't change the past, but we can impact our future.

On the economic side, we have been spending less money on just about everything. We find pleasures in the little things like going for a walk, talking with our kids, bike riding into the woods for an adventure. We don't need to go 1000 miles and spend thousands of dollars on vacation. We plan on smaller outings this year, versus a week of action packed experiences that only leave you exhausted. I've learned to live with my 1999 Ford Taurus, not because I don't want another car or it doesn't have issues, but because it consistently starts and provides transportation. Besides, I've grown to love that little yellow check engine light that greets me every morning.

I have searched our budget looking for areas to save money and areas we can get rid of in the event I lose my job. We've turned our family movie outings to a Netflix movie night. We will put our YMCA membership on hold for the summer since we should be outside enjoying the weather. We have also found good substitutes for some of the name brand products we used in the past. We frequent thrift stores, look for sales and are more patient about when to buy things.

I think the tough times we currently live in have brought us to better understand how to manage our lives. I have realized that most things are not in my control, but I can at least get things in order that I do have control over. It has also shown us the value of friends, family and sanity. I hope that when the economy picks up this will remain the new normal for our family.