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  • 1. Recession Proof Your Life
    The Simple Life Made Easy
  • 2. Welcome to the Recession Proof LivingSeminar
  • 3. Seminar Overview
    What you will learn in this seminar is:
    What a lifestyle is
    Lifestyle influencers
    What influences buying
    How to manage spending behaviors
    How to enjoy life without paying so much for it
    The benefits of a recession proof life
  • 4. What is a Life Style?
    A way of living based on an ideal that
    Reflects your own values and attitude
    Demonstrates your individual expression
    Determines your lifestyle choices and behaviors
    Influences how you spend your money
    Influences the type of products and services you buy
  • 5. Why You Buy Things?
    Positive Reasons
    Negative Reasons
    Because of need
    The price is right
    Personal satisfaction
    To feel good about self
    Lack of spending control
    Keeping up with the Jones’s
  • 6. Six Lifestyle InfluencersWhy You Buy “Into” What You Buy?
  • 7. Lifestyle Influencers #1
    Socio-Economic Status (SES)
    A measure of economic and social ranking based on:
    Family income
    Parental education level
    Parental occupation
    Social status in the community
    It is assumed that the more money you have, the more the more education you have, and the more lifestyle you can afford.
  • 8. Lifestyle Influencers #2
    Personal Taste and Preferences
    • Name brand vs. store brand
    • 9. Labels vs. no names
    • 10. Extravagant vs. modest
    High end vs. lower end
    Full price vs. clearance price
    • Popular vs. unpopular
  • Lifestyle Influencers #3
    Television/Mass Media
    Television is a medium used by advertisers to promote cleverly designed commercials that create a need so you can:
    Buy things you don’t need
    With money you don’t have
    To impress people you don’t know
  • 11. Lifestyle Influencers #4
    An excessive desire for more of something than is needed
    Always wanting and never being satisfied
    Seeking of a lifestyle you cannot afford
  • 12. Lifestyle Influencers #5
    Peer and Social Pressure
    Image and the need to fit in with others
    The need to look and feel a certain way
    The concern of what others might think
    Keeping up with the Jones
  • 13. Lifestyle Influencers #6
    Cheap money
    Disposable income
    A false sense of security
    An illusion for happiness
  • 14. How to Manage Lifestyle InfluencesSix Secrets
  • 15. Avoid television and media advertisement overload
    Mute commercials
    Watch less television
    Turn during commercials
    Leave the room during commercials
    Record shows (fast forward past commercials)
    Life Skills Enrichment Program
    Managing Lifestyle Influences
  • 16. Managing Lifestyle Influences
    Avoid buyers remorse: Ask yourself…
    How much debt do you already have
    Will buying it create more debt
    Can you really afford to buy
    Can you live without it
    Will you regret it later
  • 17. Managing Lifestyle Influences
    • Change your shopping behavior
    Shop with cash instead of credit cards
    Spend more only where it matters
    Shop with a clear head
  • 18. Managing Lifestyle Influences
    • Become a deliberate shopper
    Purchase on purpose
    Evaluate the need
    Walk away from the purchase
    Don’t buy on impulse
  • 19. Managing Lifestyle Influences
    Practice frugality
    Make cash purchases
    Keep your eye simple
    Create a spending budget
    Live by an allowance
  • 20. Managing Lifestyle Influences
    Recession proof your life
    Live within your means
    Avoid unnecessary debt
    Save more than you spend
    Do not spend money you do not have
  • 21. Why Recession Proof Your Life
  • 22. What is a Recession?
    A time when economic growth has reached its’ peak and starts to decline and bottoms out. Signs of a recession:
    Businesses stop expanding
    Unemployment rises
    Housing prices decline
    A retracting or shrinking economy
  • 23. The Recession Cycle
    Consumer spending is down
    Job lose is up
    Businesses stop expanding
    The demand for goods and services decreases
    Companies start to downsize
    People loose their jobs
    Companies stop trading
    The economy slows down
    A recession occurs
  • 24. What Happens in a Good Economy
    Business trade and spending is up
    Companies grow and expand and hire
    Salaries and bonuses are paid
    Employment is up
    Consumer spending is up
    More disposable income
    More spending on goods and services
    Government spending up
    Government buys goods and services
    Keeps businesses and the economy churning
  • 25. What Happens in a Bad Economy
    Less disposable income
    Increased unemployment
    Belt-tightening among consumer
    Slow economic growth and expansion
    Companies stop hiring
    Job loses
    People panic
    Talk of a Recession
  • 26. The Solution
    Recession Proof Your Life
  • 27. Why Recession Proof Your Life
    There is no such thing as stable
    Employment situation can change
    Personal situations can change
    Financial situation can change
    Lifestyles can change
    The economy can change
    Because it makes sense
  • 28. Recession Proof Tip #1
    Become a Smarter Shopper
    Comparison shop and bargain hunt
    Beware of shopping gimmicks
    Avoid impulse shopping
    Never shop on an empty stomach
    Question every purchase
    Shop online
  • 29. Recession Proof Tip #2
    Become a frugal shopper
    Never pay full price
    Use coupons and save $300 - $400 per year
    Buy dated goods (cars, bakery items)
    • Don’t buy for the sake of buying
    Buy off season
    Always think “thrifty”
  • 30. Recession Proof Tip #3
    Become a No Frills shopper
    Shop generic, store brand, or no frills brand
    Save more than $2000 a year
    Take advantage of Dollar Store savings
    Use off brand supermarkets for additional savings
    Buy on consignment, thrift or resale
    Buy slightly irregular merchandise
  • 31. Recession Proof Tip #4
    Membership has it’s rewards
    Join a wholesale club
    Sam’s Club
    Buy in bulk
  • 32. Recession Proof Tip #5
    Track your spending
    See where your money really goes
    See how much you really spend
    Identify wasteful spending
    Redirect money to more useful areas
  • 33. Recession Proof Tip #6
    Change your lifestyle behaviors
    Become a deliberate spender
    Only buy what you really need
    Don’t overspend
    Monitor your spending behavior
    Keep track of receipts
    Live with simplicity in mind
    Become a deliberate saver
  • 34. Recession Proof Tip #7
    Challenge your buying decision
    Is the purchase necessary
    What purpose does it serve
    Does it satisfy a need
    Can you get it cheaper
    Can you afford it
    Can you do without it
    How much use will you get out of it
  • 35. Recession Proof Tip #8
    Attend future seminars and learn more about the following:
    How to Avoid Wasteful Spending
    How to Make Your Paycheck Work for Your
    How to Live Lean and Still Enjoy Life
    How to Create a Budget You Can Live With
    The Best Way to Shop Online
    Strategies for Smart Spending
    How to Survive College on a Thrifty Budget
  • 36. Some No Frills Facts
    Equate brand items are 52.0% cheaper than national brand products.
    Kirkland items were 53.6% cheaper than national brand products.
    Store branded products on a per use basis:
    Kirkland products were 29.1% cheaper than those same products found in the Equate brand
    Nationally branded products on per use basis:
    Costco products were 14.7% cheaper than the same products found at Wal-mart.
  • 37. The Simply Life Made Easy
    Learn to become a smarter shopper
    Learn to become a frugal shopper
    Learn to become a no frills shopper
    Change your lifestyle behaviors
    Learn to live with simplicity
    Recession proof your life
  • 38. The End Result!
    A Simpler Happier Life
  • 39. Resource Links
    Crawford, W.. (2009, July). A Time of Limits. Online, 33(4), 58-60.  Retrieved July 26, 2009, from ProQuest Education Journals. (Document ID: 1796629571)
    Gregory Karp (2008).Living Rich by Spending Smart: How to get more of what you really want. Pearson Education, Inc.
    U. S. Supreme Court inDoyle v. Mitchell Brothers Co., 247 U.S. 179, 38 S.Ct. 467(1918)
    Walker, R., & Garman, E. (1992, July). The meanings of money: Perspectives from human ecology. American Behavioral Scientist, 35(6), 781-789. Retrieved July 26, 2009, doi:10.1177/0002764292035006012
    Practical Information for College Students in Morris Code: (Click Link Below)
  • 40. Thank You for Attending
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