If you’ve been listening to all the hullabaloo that’s been going on about the current state of our economy, then you’ve probably heard the line that says we’re in the worst economic period since the Great Depression. Maybe we are, maybe we’re not. I’m no economist. I went to J-School. But as our current president reflects on past presidents to guide his policy during this time, we can reflect on the frugal precedents (kaching!) our ancestors set, says Bill Shrink of the blog Shrinkage Is Good.

Before I go any further, I would like to praise Mr. Shrink for the name of his blog, Shrinkage Is Good. It takes some cajones for a dude to write under such a headline. Btw, pun intended.

Mr. Shrink notes that, despite the depressing nature of the Great Depresssion, people were able to stay afloat during desperate times using common sense practices that may not seem so common today . Mr. Shrink offers advice like buying only what you need and avoiding debt like the plague. And, get this dolls, he says to consider buying things used. Jeepers. Who woulda thunk it?

Read the rest of Mr. Shrink’s 16 Depression Era Money Saving Tips here. It’s the cats pajamas.

Photo: practicalowl / Flickr

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