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...New York...

Author: /time Magazine | Title: The World | 4/5/2010 | See Source »

High-profile books like last year's No Impact Man, which details one New Yorker's attempt to spend a year without having a negative impact on the environment, may be particularly popular now because of the Great Recession. It is no longer fashionable to flash bling. Today's monklike experimenters are flaunting what they don't have. (See how Americans are spending...

Author: /time Magazine | Title: Cash Crunch: Why Extreme Thriftiness Stunts Are the Rage | 4/5/2010 | See Source »

Sometimes self-deprivers adopt rules that turn out to be not only impractical but counterproductive. Rachel Kesel, a conservationist in San Francisco, has blogged since 2006 about living according to the Compact, a group with more than 10,000 members on Yahoo! who promise to buy nothing new other than food and medicine. But Kesel's work involves long days in the woods battling invasive species, and trying to get by in secondhand clothes meant that she was often pulling weeds in pants that had more holes than thread. Now Kesel begrudgingly buys new, highly durable gear, though only when...

Author: /time Magazine | Title: Cash Crunch: Why Extreme Thriftiness Stunts Are the Rage | 4/5/2010 | See Source »

Like many bloggers who have embarked on a deprivation experiment, she says trying to adhere to the Compact has made her realize "how mindlessly I'm capable of buying stuff." One month into the experiment, she walked out of a store with a shiny new can opener, only later realizing she'd broken...

Author: /time Magazine | Title: Cash Crunch: Why Extreme Thriftiness Stunts Are the Rage | 4/5/2010 | See Source »

...first year in the Compact, however, when she and her cohort neared a jubilee day, on which they'd celebrate by buying something new, Kesel went into a store, eager to purchase a windbreaker she'd had her eye on. But she was unable to close the deal. "I couldn't get jubilant," she says. "I think my credit-card arm has been broken...

Author: /time Magazine | Title: Cash Crunch: Why Extreme Thriftiness Stunts Are the Rage | 4/5/2010 | See Source »

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