Remember last year, all those magazine reports of huge and excessive NY parties that seemed to echo the dot com days, pre-burst? I remember thinking, oh boy... we're just ASKING for karma to kick our asses.
Seems that the recession is here, although depending on how well situated you are this may or not be of concern. However, I don't feel like I am helping the cause. I think I am in an ok spot, but I am starting to pull back on spending. Snapping up a pair of Louboutins was an "investment" in my wardrobe just 3 months ago and now I am like, "Hmm... wonder if 9 West has a version of this." (Another telling sign was that I had been eyeing a gorgeous giant clam shell on ebay for a ridiculous price (let's just say more than the Louboutins I splurged on...yikes.) but I decided to pass. Instead, I bought a much smaller $20 version which I think I might plant with bulbs and moss. This is Decorno's way of cutting back on home splurges. Good, no?)
What about everyone out there? They always say you should have 3 - 6 months in savings in case of emergency. Do you feel ready for 9 - 12 months of a downturn? Do you feel like you have been cutting back? If so, how? Are you skimping on hair cuts & color? Holding off on planned renovation projects?
I am curious to know how everyone else is reacting to the somewhat gloomy headlines.