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March 09 Ezine
31 March 2009 Issue 3

Sadly I have been having trouble with my newsletter in HTML format so

am sending this out as text. If you find that you prefer this format

please let me know and I'll make sure you get your preference.

In the first issue of the year my article on good news in the

recession proved so popular I thought I'd try to bring something

positive to you again. I hope you enjoy this month's feature

article.

Until next time...

Best wishes,
Lyn
CERTIFIED FINANCIAL PLANNER CM

Winner of the IFA Education Award 2005 (Canterbury Branch)
Interviewed on CTV during 2008

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In this issue:
1. Re*ession Busting: Changing our Perception.

2. Thought of the Day

3. Review: Budget For Windows

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Re*cession Busting: Changing our Perception

With the rec*ession reported in all the newspapers and all around us,

many of us are looking at ways we can economize. These days the word

frugal no longer has the negative connotations it once held � that of

being a cheapskate or tightwad. It means we are living without

waste, a saver. Being thrifty and frugal was something that our

parents and grandparents used to do but we are now listening to them

with a different frame of mind � an understanding. We are changing

our perception.

Many studies have shown that when jobs are harder to find or less

well-paid, people spend more time on self-improvement and reasonably

inexpensive pastimes. Tyler Cowen, a professor of economics at George

Mason University in his article �Rec*ession Can Change a Way of

Life�, 31Jan 09 commented that during the Depression of the 1930s,

this meant �listening to the radio and playing parlor and board

games� and that these stay-at-home tendencies continued through to

the 1950s.

� Good News Alert! The death rate falls as unemployment rises.

In this same article he comments on a 2003 paper, �Healthy Living in

Hard Times,� by Christopher J. Ruhm, an economist at the University

of North Carolina at Greensboro who found that the death rate falls

as unemployment rises.

While rec*essions and depressions are not so good for mental health

it is less widely known that in the United States and other well

heeled countries, physical health seems to improve during a downturn.

This may be due to the fact that we tend to drive less with the

effect of lowering the risk of accidents. Spending on alcohol and

tobacco reduces. There is more time for exercise and sleep and there

is a tendency to choose a home cooked meal rather than fast food.

So what can we do to be frugal, thrifty and live without waste?

� Anticipate your Failures by Planning - Always start with a

budget so you can avoid impulsive buying and be aware of your

financial limitations

� Eating Out � Make this a once in a while treat for special

occasions.

� Shopping for Groceries - Where possible go with non-branded

items. Look for items on the highest or lowest shelves for best

prices. Grab the opportunity and shop for specials and use coupons.

� Family Time - There are many inexpensive ways to bond with

your family and be entertained like going to libraries, local parks,

having a picnic, visiting friends and attending local church

activities. Dust off the board games and turn off the TV.

� Clothing � Buy items that can easily be mixed and matched

with your other clothes giving you different looks. Be imaginative.

I�m sure you will think of many things yourself to add to this list.

Just think of all the good things you can do to be frugal and to

economize. And think how much stronger and learned you will be when

we come out the other side of this recession.

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Thought of the day:

"The business depression marked the death of one age, and the birth

of another. This changed world requires practical dreamers who can,

and will put their dreams into action. The practical dreamers have

always been, and always will be the pattern-makers of civilization."

Napoleon Hill (His famous book 'Think and Grow Rich'was first

published in 1937).

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Review: Budget For Windows


Great program and perfect if you want clarity, great information, and

ease of use. I remember putting my money in envelopes (this would be

a link to the page with the envelopes) to manage my budget when I was

a kid so their �envelope� model seemed kind of unique and helpful to

me. Read more>>>http://www.soundfinance.com/site/471168/page/834179

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Lyn Bell,

P O Box 38094, Parklands, Christchurch 8842, New Zealand


A current Disclosure statement under the Securities Markets Amendment

Act 1988 for Lyn Bell of Lyn Bell & Associates is available on

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