Black Friday

I decided to suck it up and work today instead of taking a vacation day. BigFinance is closed for Thanksgiving but not Black Friday. You'd think they would want to do their part and encourage us to go shopping but apparently not. DH gets the day off and I'm very jealous.

But in a way, it's a good thing that I am working and hundreds of miles away from my family and closest friends. That way, I don't shop as much! I am very thankful that, aside from my diminishing retirement account, DH and I haven't had to worry too much about the economy. We're both still employed with no sign of impending layoffs (fingers and toes crossed). While we have been spending more than usual to get the nursery ready we are still able to save and I can splurge on the newest fantasy fiction books.

I've completed most of my Christmas shopping (I know, don't hate me!) primarily because I've been in nesting mode for the past two months and want everything to be done. DH and I set limits for each other and we are being more frugal with the other presents. I am going to make Christmas cookies again this year (I will try to make the bow for the wreaths this year so back off A. and Mommy, Esq!) and give those out as small gifts around the office. I anticipate that this Christmas will be under $1,000 which is a good thing. I'd like it to be even less but DH and I both have big families with lots of little ones. It's hard to resist buying for the kids!

When I was getting ready for work this morning I heard a report on the radio that this Black Friday should be pretty good for both retailers and consumers. Apparently prices are extremely low (thanks deflation!) and there are fewer shopping days before Christmas. The big push is to have consumers spend so we can start righting the economy. One of the reasons the US economy has been so stable is because consumers have spent, regardless of economic situations. The savings rate went from 9% of disposable income in 1985 to almost nothing today. But now there is a resurgence for "economizing" and people are not spending as much. While that's good for us individually to save, it is not good for the economy as a whole.

How about the rest of you? Are you also cutting back this year? Any good cost cutting tips?