Now’s the Time to Stock Up on Spa Services

Recessions are stressful. People are out of work or overworked, they move to smaller houses, they’re generally pissed off. But that’s no excuse for being unkempt or un-massaged—especially with the bargain prices we’re seeing at day spas these days.

Some in the spa industry claim it’s “recession-proof,” but guess what? It’s not. Plenty have gone out of business, and many are struggling to get people in the door. You can benefit from the big discounts they’re offering—sometimes more than 50 percent off. And because you can buy vouchers that last for up to a year, if you have some extra cash, you can actually stock up on 12 months worth of bargain beauty and wellness services. Here are some sources to check out:

We’ve already noted our affection for Groupon, which offers discounts in more than two dozen cities around the U.S.

How to Shop in Your Closet for New Year’s Eve

With all the sales taking place and New Year’s just days away, it can be tempting to hit the stores for some new party duds. But face it (as I recently did): You have plenty of clothes. You just overspent on holiday gifts. And even the gainfully employed learned this year about the importance of being frugal. So here’s how to shop in your closet, and some sparkle to your evening without spending:

Repurpose Your Jewels

Works especially well with hand-me-downs from mom and grandma. Hang a big rhinestone pin on some ribbon to make a new necklace.

Want to Live Longer? Have a Recession.

In good times we live longer, in bad times we die younger. Makes sense—but it’s not true.

The Depression, for instance, increased life expectancy by more than 6 years, according to a study by researchers at the University of Michigan. Meanwhile, during the boom years of the early 20th century, life expectancy actually went down…

Saving Strategies Part 72

With unemployment in the double digits and the holiday season kicking into high gear, saving money has never been more important—or simpler. And these days, sometimes the easiest way to save money is to simply ask. Really. Here are some tricks that we are thankful for, this holiday season:..

Upgrade Economics: 5 Steps to Getting a Better Hotel Room

The Great Recession is changing the established principles of economics. Fortunately for the budget traveler, the laws of the hotel room upgrade are now working in our favor.

It comes down to the basic principles of price discrimination—the practice of charging different prices for the same goods or services to different consumer groups. For the budget traveler in a recession, this translates to “You can stay at a Ritz for Motel 6 prices.”

When luxury hotels can’t fill their rooms, they sell their cheapest to discount travel websites. But with the junior suites empty, sometimes all it takes is a friendly smile and some nice feedback for a frugal traveler get the upgrade of a lifetime. So throw out the Rick Steves book and live in luxury while the recession is still going strong, with these five rules:

1. Book Through a Discount Site

Sidestep.com should become your travel homepage. Spend time on travel meta-search engines and read the reviews. Keep in mind that many hotels have incorrect star ratings, so examine pictures and maps carefully. And this is key: Book a hotel room one or two price levels down from the actual room you really want…

A Slimmed-Down Christmas — But Will It Last?

The chestnuts will still roast; Santa Claus will be just as jolly as ever—but there’s little doubt that the holiday season is different this year. From smaller Christmas trees and fewer extravagant gifts, to an increase emphasis on homemade foods and decorations, millions of families across the country are cutting back on expenses without sacrificing the holiday spirit this year.

It’s too soon to tell whether these back-to-basics holiday rituals will turn into lasting traditions or whether they’re just passing trends that’ll be gone as soon as the economy heats up again. In the meantime, we’ve put together a roundup of what’s different this holiday season.
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Thanksgiving Road-Trip Games

Next week, 38.4 million of us are expected to go “over the hills and through the woods”—or at least to travel by car to a Turkey Day destination. That’s just a slight 1.4 percent uptick from last year. Back then, gas prices were much lower, having fallen off from a high of $4.10 a gallon in the summer of 2008 to around $1.80 by the time Thanksgiving rolled around. But nerves were perhaps also more frayed then, too, as we watched the banking system continue to teeter.

This year, the national average price of gas is about $2.70 a gallon, so we will have to spend more to get to grandfather’s house. Pair that with a continuing climb in the number of people unemployed, and you’d actually think the number of travelers would be even lower.

Either way, as you contemplate the hours you’ll spend on a jam-packed I-95, or wherever you may be, we’d like to bring back the Recession Road-Trip Games we offered up in the summer…

Preparing for the Next Downturn

If there’s one thing we learned from this recession, it’s that economies tend to be cyclical. Stock markets crash and rebound, unemployment rates go up and down, and real estate prices can decrease just as quickly as they increased during the boom years. Unfortunately, there’s very little we can do about it, and an economic downturn is likely to happen again.

With an ounce of prevention, though, there are some things we can all do to put ourselves in a better position the next time around. After all, sudden job losses might not have been so crushing had we all had enough money in savings to carry us through the downturn. And spiking credit card rates might not be quite as big of a deal right now if we hadn’t been carrying such a large debt load prior to the recession’s beginning last fall. If only.

No matter what mistakes we made this time around, it’s never too early to start planning for the next economic crunch. Consider this your emergency survival guide to a solid financial future, no matter what’s happening on Wall Street…

5 Ways the Recession is Good for Your Kids

Some days, you might feel a bit down in the dumps over a lost job or a depleted 401K, but that doesn’t mean your kids may be. In fact, it’s beginning to look like the recession might actually be good for your kids—in the long run, at least. Whereas older generations learned their money lessons from the Great Depression, today’s younger generation is finally getting its chance to see the benefits of frugality and savings up close. Here’s a few more ways that the economic downturn might be benefiting your kids…

Ditch the Downturn, Go to… Zurich

From the picturesque buildings to the awe inspiring landscapes, there is a reason people like Zurich so much. Designer boutiques and culinary treasures lie behind every corner, while world-class ski resorts are just a short ride away. Meanwhile, with the unemployment rate in the U.S. rising to 9.8. percent last month, abandoning the States for a better life overseas may have never sounded like a more rational decision. Of course, picking up and leaving isn’t quite that simple.

Job prospects in many exotic locales are even bleaker than they are in the States, while the benefit from a low cost of living could easily be offset by high taxes or low wages in other cities across Europe…