The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!
Celebrating the holidays in an economy like this can certainly dampen the spirit and clear out the pocketbook. Often times we feel bad that we can't give more, but we have to protect ourselves financially before trying to provide gifts to others. If you're really struggling this season, please don't feel bad about not being able to pass around the gifts. That's not what this time of year is about. Enjoy your holidays and spend time with those you love.
For those who are looking for some cheaper gifts to give that won't totally drain your wallet, Bankrate.com has a list of 12 gift ideas for recessionary times. But, I'll warn you now...some are fairly cheesy!
Since most people are giving up their entertainment and cable to cut back on spending, the gift of movies will be much appreciated. Gift certificates, gift memberships to Netflix or Blockbuster, and just plain 'ol DVDs are great for the movie-lovers in your family!
Give the gift of gas...er, for their cars that is! Ok, so this gift is a little lame, but if someone is struggling with their bills and gas, this may help them out more than you know. If they're not struggling though, gas cards probably aren’t the best gift idea.
With the stock market going all wonky on us, it's made some stocks pretty cheap to own. Use this to your advantage to give blue-chip stocks as gifts. Who knows, by the time the economy comes around, you could have just made someone very rich....on second thought, maybe you should include a contract that states you get half the money if they do become rich! I’m kidding...sort of.
For more recession proof ideas, check out Bankrate.com then tell us what you think! What are some of the gifts you’re giving this year? Are you spending less this year over last year, or about the same? - Kristy Young