Tough economic times force us to re-evaluate our spending habits. One recent study found there are some things people are just not willing to cut back on. For example their internet and cell phone service.

But there are lots of things people will cut back on like satellite radio, eating out and high end cosmetics. People are also skipping haircuts. My hairdresser said for the first time in a long time she's seeing people double the time between haircuts.

People are also cutting back on coffee. The days of the $4 latte may be fading. Sales at Starbucks dropped 9 percent in the last three months of 2008 forcing the company to cut hundreds of jobs.

So this week Starbucks is launching a new promotion that includes combo deals of food with coffee to entice people to come back. Under Starbucks's new $3.95 promotion, customers can get a 12 oz. latte with oatmeal or coffee cake or a 12 oz. brewed coffee with a choice of breakfast sandwich or roll. It's the first time Starbucks has paired food and drink at a discount.

What are you cutting back on?

Add your comments below.

1 Comments

cindy said:

My family cut back on eating out a LONG time ago. And my husband changed from using a hairdresser to a barber so the haircuts would be cheaper.
We also pulled out our old cappuccino machine and starting making coffee drinks at home instead of going out.

February 10, 2009 11:38 AM

Leave a comment

Name:

Email:

URL:  

Remember personal info?

Captcha:

Type the characters you see in the picture above.