In tight times, shunning materialism saves money

21 July 2008, 1:53 pm

"You don't just go out and needlessly shop as a hobby. It's really kind of an eye opener," said Julia Park Tracey, a mother of five in Alameda, Calif. who swears she isn't a "crunchy granola hippie." Since joining in January, The Compact has turned a flood light on her family's frivolous spending - scented lotions, flavored lattes, iPod accessories. Now they no longer dry clean their clothes and even make their own cat food. "All that was money out the window. We could not keep going like that and make ends meet," said Tracey, whose budget is being stretched thin by escalating food and gas prices.... read more

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