CNN iReport

Let me preface this by saying I've been very lucky in this downturn. I have a good job in an industry that's been somewhat protected, I have a nice savings account and still have some equity in my house.

That doesn't mean I'm not being careful, though. Here are some of the ways I'm cutting back:

Restaurant Meals - I've begun cooking at home almost exclusively. Not only have I cut my food costs down substantially, but I'd rather eat a nice home-cooked meal than bland, expensive restaurant food any day.

Gas - I've cut down on gas first by changing jobs: I now commute via bus rather than driving. I also have rediscovered my neighborhood. There are grocery stores, a vet, bookstores, cafes and more - all within walking distance. I stay closer to home, get to know my neighbors and save money, too!

Big Luxuries - Yes, I really want to upgrade my 32" TV to a 52". But do I need to? I am asking that question about all "nice to have" purchases nowadays, and in most cases, saying no to things I really don't need. (And yes, I still have the small TV.)

Little Luxuries - Starbucks? No, thanks. I've switched to tea or make my own lattes at home. $100 at the bath shop? Not anymore. While I still enjoy some little luxuries - such as decorating my house for the seasons -  I'm much more conscious of the "little here, little there" type of spending.

It's not that I'm being deprived: I live in an exciting city and have a lot of opportunity for fun. I'm just being more aware of my spending, and am enjoying the blessings I have - rather than always looking out for something more.