Tue 16 Jun 2009
Recession Generated Ruminations on Less and More
Posted by Rana under Misc
[5] Comments
Russ Roca’s latest entry at PathLessPedaled was thought-provoking for me. With the July 30 launch date for their cross country bicycle adventure looming, the couple are divesting themselves of possessions and taking serious financial perspective of what lies ahead. Sometimes I wonder if there’s been a day in the last three years when I haven’t thought about money.
That’s roughly the time when we fell victim to office politics during our broker’s protracted illness. It’s a long story, but his dirty linen caused us to lose money. We changed financial advisors and the new fellow, a former Episcopal priest, talked turkey with me — cold turkey. That’s when my freelance efforts shifted into overdrive. I’m proud to say with each passing year I’ve made more and we’ve taken out less, but in recent months that’s been against the frightening backdrop of a tanking economy.
Back at the end of April, when it looked as if my major consulting contract would disappear altogether, I didn’t just tighten the belt around here, I cut new holes and drew it in to the point of pain. And considering that we’ve been steadily trimming right along, I would have said there wasn’t much left to cut — but there always is, it just depends on when you’re ready for the pain.
Getting half the amount of that contract back helped — and was a blessing for which I’m grateful — but it didn’t allow for anything I’d cut to return. Recently, I’ve been wondering if that will ever happen now. I realize more and more that I’ve been changed by these last three years.
Even when those lost wages are restored — and thank the Universe it looks as if that will happen by summer’s end — I can’t see bringing back any of those cuts. I’ve reached the point where doing with less is the only thing that makes me feel safe. I’m not sure I have the capacity to enjoy “more.” Now “more” just means the ability to put something away for the next series of hits. Preparation has, to a large extent taken over from anticipation.
Are there things I want? Of course there are. But if I can’t pay them out at a discount rate built into the budget — one item at a time regardless of how long it takes — they just don’t happen. And I find that the things that fall into that category are more practical and much less expensive than ever.
I’ve stopped reading gadget blogs. There’s no point. I have a functioning computer. I have functioning cameras. They’re all paid for. Good enough. I don’t look at clothes or accessories. I don’t buy music. I buy books only rarely and then only in electronic form. I’ve given up television in my room although I’ll confess I sorely miss my DVR. I catch up online and if that doesn’t work (as it apparently isn’t going to with TNT’s The Closer), I give up my interest in the show.
Am I patting myself on the back? Not one bit. I can and do bitch vehemently about every one of these things. I grapple with a sense of bitterness as I reflect on what was a privileged upbringing and young adulthood — but frankly most of that is not bitterness for doing with less now, but bitterness that I was not appropriately grateful at the time for the advantages I was given.
I have learned to economize. In fact, I’m learning to be tighter than bark on a tree. There are hints of downright chincy-ness peeking through. Have I learned to like it? Oh, hell no. But I didn’t notice “like” on the list of options.
I nodded knowingly when Roca wrote:
Now, every time I purchase something, I think about what it means in terms of travel time. Our rough estimate puts our daily travel budget between $20-$40. Ideally, we’ll be doing more sub $20 days since we’ll be camping or couch surfing and cooking a majority of our meals. So in my head, every time I hand over a $20 bill I’m thinking, “that’s an entire day of travel! Do I really want/need this thing or would I rather spend a day travelling?”
In my mind, amounts become trips to the grocery store or the water bill. Right now I can’t quite meet all the expenses and I don’t like to see the credit card balance inch up no matter how small it is in relation to what it was a year ago before the refinance.
I remind myself every day that we are not poor — that it would be a sin to have that thought when we are not facing the loss of our home and R. gets the medications she needs. It doesn’t matter how I sometimes feel. (The one thing on which I will not compromise is health care for my cats, especially Dorey. I would and will do without a lot less for their benefit. If that makes me the crazy cat lady, well, keep that opinion to yourself, because I don’t give a fuzzy rodent’s backside.)
These are, I think, the lessons of this recession for people like me. All my life I’ve known folks who never got over the Great Depression. In graduate school I worked for a professor who had been so scarred by his family’s inability to afford pencils (he was forced to use the stubs other children threw away in school) that he hoarded new pencils by the box.
My parents were of that generation. Papa was born in 1921 and Mother in 1923. Papa wanted his daughters to have the things he did not have as a boy. He spoiled us rotten. He should have told us no more often. Learning this level of self-discipline as a 46-year-old woman is not easy and I will readily confess that there are many days I just want my Dad to come fix it all. Also not an option.
I suspect I am not alone in saying that while I have no dreams of being rich and have no dreams of things that take lots of money — I do dream of feeling safe again. Above all else, that is what Papa gave me. He may have thought he was providing us with material things and opportunities, but the real gift was safety. Nothing. Not one thing could touch me or hurt me as long as my Dad was standing between me and the world. I know I will never get over losing that.
R. likes to play this game. I call it the “what would you do if” game. I don’t play. I always answer her the same way. “I don’t think like that.” And I don’t. Not any more. And I don’t think I ever will again.







June 16th, 2009 at 7:05 pm
“crazy cat lady” is a compliment. Much love to Dorey, Mike, and Andy. So glad Dorey is still doing well.
June 17th, 2009 at 2:54 am
We all establish our priorities, skimping in some and spending those savings in other areas — can be different for each of us, and that’s our business. Who is to judge what’s important to another?
I can appreciate how difficult the adjustment you’re having to make must be. I first experienced family financial adjustments of “less” at an early age, but old enough that I was very aware of them. I think that has stood me in good stead through the years as I realized how quickly and easily circumstances can change for reasons completely beyond my control. One thing I learned for sure at that early age is it’s much easier to adjust “upward” than “downward.” Also, the older you are when such necessary change is required for the first time, the more difficult that can be. Sounds like you have a good perspective that will allow you to continue finding joy in living.
June 17th, 2009 at 8:31 am
This has been a learning lesson for all of us. There is a difference between “want” and “need” which I now apply to every money situation. Reprogramming my brain requires discipline!
June 18th, 2009 at 2:09 pm
What you were saying about not knowing enough to appreciate what you had growing up struck a chord with me. I’ve noticed that in myself, as well as in some of the people I grew up with.
I think it takes different forms with different people. There are the ones who learn how to deal when circumstances change, and the ones who can’t.
When I was younger, we never had to worry about money. My dad was a dentist, so we were fine. But I never felt rich. My friend whose dad was a lawyer would get a game system, a new radio, and a new TV the same Christmas, and they bought new cars every couple of years. We just did not live like that. And when, then, I envied what she had, now I’m so grateful that my parents didn’t buy me all that stuff I didn’t really need. When my friend got to college, it was a rude awakening for her — she flunked out and has either been on welfare or working menial jobs ever since. She was given everything and didn’t have the discipline to follow through on her own.
But, I have to recognize the same kinds of things in myself. I have to watch myself to make sure that I don’t feel that I’m entitled to something money-wise. It can be easy to slip into that childhood mentality of expecting things will just be there, and the older I get, the more dangerous I know that mindset is. Especially now that we have to budget and prepare for a little one on the way! The older I get, the luckier I feel about the advantages I have and the more I see them as such, and not as rights.
OK… I will stop rambling in your comments now, but you made me think so then I had to share.
June 18th, 2009 at 2:24 pm
Erin, ramble anytime you like. You’re usually so quiet and lurky that it’s nice to “hear” your thoughts on the subject. And I’m glad I struck a chord. That post was much from the heart and reflective of a great deal of my late night, staring at the ceiling thinking of late.