The global recession has put everyone's spending habits to the test. No one knew when it would hit and when it did, plenty of people were not prepared to face the great depression of the modern time.
People who managed to save enough to cushion the blow of unemployment, deflation, and economic crisis are ones to be emulated. These people are the ones who seek discounts and great deals from internet sites like Savings.com, cut out coupons from newspapers and magazines, recycle things and re-use them, and ask themselves hundred times whether they should buy or not before making a purchase. Many people have sacrificed the comforts they once had to be able to save money. Some go through the length of cutting back or downgrading their common services like cable subscription, telephone and internet lines, mobile phone line subscription, magazine and newspaper subscription, membership fee in gyms and other health or recreational clubs. Other sold their other properties to retain one and have taken the task of public commuting to save on gas consumption.
Saving has become the trend of most people now. The majority of the masses have reconsidered the art of spending less and thinking twice whether a purchase is necessary or not. Gone are the days of living in the lap of luxury. People have gone back to the conservative and time-tested methods of saving. People are now re-inventing ways of saving more and spending less by being wise and frugal.