I know the economic environment is scary right now, so much that even people with money are not spending as much because everyone seems to be in conservation mode.

But here I am proposing a new way to live… and it’ll help stretch your money in the long term.

Spend less money when economy is booming, and spend more when it’s hurting

When you are spending when economy is down like it is right now, you just get a lot more for the same dollar you are spending. Things are on sale at 50% off or more. I mean, you can get a Tag watch for 50% off or more in the LVMH friends and family sale right now! And it’s not just about luxury goods. I just got a 4-star hotel in the soho area of London for $100USD per night for an upcoming trip. But during economic boom, you would never find such good deals and might even have to pay a premium.

It’s all about supply and demand. When demand is high (during the boom), prices are high. When demand low (right now), prices are low. So doesn’t it make a lot of sense to buy low?

Spend money if you have it. Go travel, redecorate your house, buy that expensive watch or purse you’ve craved for so long. You are no only saving yourself money in the long term, but also helping the ailing economy out.

This entry was posted on Tuesday, February 10th, 2009 at 5:19 pm and is filed under Economy, Ramblings, Shopping Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.