There have been periods in my life where an economic downturn had played havoc with my life.
The one thing that I learned from those experiences was to simplify.
The worst economic hits have taken place when my life was just too large. So I adjusted. You learn to stick with essentials and that starts with decent housing, quality heating and air, good food, reliable transportation and clothing. The rest you can kind of figure out as you go along. It was good that I had long ago adopted this life strategy because the pandemic definitely hit our household in the wallet. Like many, we had to work from the air conditioning at home. And we had to limit our spending as our salaries were reduced. But it wasn’t all that big a deal as we live a life that isn’t excessive or beyond our means at all. We simply reined in the spending and targeted things like the HVAC cooling costs to further our savings. Yet we have a neighbor who was really struggling. This was the first time she couldn’t spend what she wanted and her life required plenty of spending. She’s young and this will be a good experience for later down the road. But my wife and I tried to help her when she came to us so upset over her finances. And her HVAC equipment wasn’t working well either. She was going to call a handyman for HVAC service to save money. We cautioned her that cutting costs on HVAC service and repair is not where she should focus her cost savings energy.