I hope by now, our older adults have already learned how to cope with the ongoing recession that somehow still affecting our quality of life. I mean, it has been years after it all came crashing down right? Although we are still experiencing the impact of the thing that has happened, fortunately for us resourceful and adaptable seniors, we are able to stand through it all and pick up the pieces all over again.

Downsizing is not anymore embarrassing now. We all need to adapt a sustainable living not just because of the recession but for a better environment as well. This is something we should do and practice—with or without recession; this is a change in the way we conduct our daily lives. Aside from that, we seriously need to do without the things we don’t need. This is the primary goal of sustainable living and I must say, this kind of lifestyle is the most suitable for recession-proofing our lives.

For seniors, we know that as we age, there are things we should be saving for instead of spending on something totally unnecessary for us. Time will come that those days we should be spending time out shopping, we’d rather stay at home and relax; that a homemade coffee will taste as good as those you can buy in Starbucks and dining out is something we do on special occasions only. If you are a senior experiencing all these then probably, you are not having a hard time threading the deep waters of recession unlike the other half of the world.

Although buying a house nowadays seemed lucrative, with low prices and all; it is not advisable for seniors, as discussed in previous post titled: Senior Housing: to Rent or to Buy? If you have to move to another house for whatever reason, it is best to rent a modest-sized apartment somewhere safe and senior-friendly. Even your job may be at risk as there are companies still closing left and right without any prior notice while if you are running your own business, you can understand why this is happening to big companies and how hard it is to keep your business up and running right? Home based business can earn you a little extra which you can save for rainy days, no matter how small it is. There are many online jobs you can take such as tutorials and counseling. You can also learn how to sell your stuff over the internet to boost your sales a little more. These are the things that will not require much from you unlike a second or third job outside of home.

Seniors can also cut back by avoiding purchases made from credit cards. While it is very convenient to use your credit card when purchasing items and it has a credit limit to prevent you from going further away from what you can pay, credit cards encourage unnecessary purchases and not to mention excessive purchasing—both things lethal to your wallet. By paying in cash, you will be able to control your spending better because you can see your money flying away from you.

You can beat recession just by keeping in mind that everything you don’t need, you can do without. If you practice this and live for and by it, you will be able to tide yourself over this recession.