I almost always read the news. I’m pretty well aware of the slipping economy, the falling value of the dollar and the less-than-stellar housing crisis. I’m also acutely aware of the rising cost of gas and food. I sometimes wonder if the thought of a recession scares the average American. Part of me tends to think that the ignorance that pervades American culture blinds many people to the fact that we are currently experiencing a rather weak economy. I know that there are at least a few people that are worried: I see headlines like “Coping with $4 Gas” and “Worst June for S&P 500 Since the Great Depression” and I know that some people are really worried about their personal wealth in the future.
I’m not.
I don’t need to have the biggest or the best of anything; I generally don’t need “things” to be happy. Granted, I like getting new things just as much as the next person, but I view that sort of happiness as a bonus, an extra, an add-on. It’s not critical to my overall well being. I don’t need to buy the next newest greatest thing, so I don’t. I’ve adopted a mindset that I’ll only buy things that I need, and only if I currently have enough money to pay for the item in full. I’ve heard a great number of people who suggest simply “putting it on plastic” and worrying about it later. In my mind, credit card interest is one of the most avoidable expenses that people regularly accrue.
I know I’ll have to eventually take out a loan to pay for my future house and my first car, but that’s life. I’m not planning on digging myself a credit hole by reckless spending on luxuries that I simply don’t need. I don’t need (or want, for that matter) a 3,000 square foot house, an SUV, a Rolex or any other status symbol. I’ve got no desire to “keep up with the Joneses”.
I’m somewhat responsible.
Barring any unforseen disasters *crosses fingers*, I’m confident that I’ll be able to get by just fine.
