I have a friend who recently blogged about the recession and concluded that we will be fine. Which, for the most part is true. In fact (and please don't send me hate mail) I think our society of consumerism could use a good recession to teach us to buy less. I also wasn't convinced high gas prices were a bad thing because it taught us habits we should have had all along but I digress.

Where I was a little irked, was her telling us that we just need to cut back on the Jimmy Choos and we will be fine.

I thought about this last night at a thrift store. I found a pair of Calvin Klein cords that fit me beautifully. Finding pants that fit me is always noteworthy. I looked at the pricetag and cringed: $14.99. I know how great a deal this actually is (I'm wearing the pants now), but I haven't spent more than $10.00 on pants for two years. My family has spent less than $500.00 on clothing this year (I used financial software to look it up). That's one pair of Jimmy Choos.

I'm fortunate in that I can live within my means (with difficulty but I can).

What about the people who are stretching to spend $15 on pants that fit? What will they do during a recession?