This article was in the January 22, 2010 edition of the New York Times: “Ready to Spend Bonuses, but Not to Boast.”
It’s bonus time for many of Wall Street’s elite and according to luxury retailers, these folks are shaking off their “frugal fatigue” and getting ready to spend their bonus money – discreetly, of course, because the rest of America is still staggering under unemployment rates, rising taxes, foreclosures, etc.
While I don’t ever see myself randomly dropping money on $5,000 earrings, I can see the dissipation of “frugal fatigue” in my own little life. Now that I don’t have every extra cent going towards credit card debt, I see myself making purchases that I wouldn’t have made a year ago (my recent vacation, concert tickets for an anniversary gift for my parents). Instead of being relieved that I have extra money, I find myself looking forward to February when I have no plans for my money past my usual grocery expenses and college debt.
What about the rest of you? Is the economy loosening enough that you’re shaking your frugal fatigue or are you being vigilant and still fighting the good fight. 🙂
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