Suddenly and unsurprisingly frugality and thrift seem to be eminently sensible. It should be a point of note that people tended to view this kind of simplicity as somewhat bizarre while we were in the middle of the boom and shopping frenzy (not all that long ago), but now it seems its wisdom all the way.
If you’re interested in how to live more simply or simply need to prune the outgoing column of your budget (or even make a budget) then Lifehacker has a couple of useful posts each with links to plenty of other useful posts on doing all of the above.
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