With the word "Recession" being the most frequently used term these days , I finally managed to understand what exactly it means.In economics, the term recession generally describes the reduction of a country's gross domestic product(GDP) for at least two quaters. The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction. Without getting too deep into the macro economics and strategies ,I did understand that this is a phase in which we need to spend less and save more. With this enlightment, I promised myself to refrain from shopping and rather indulge in self realisation by spending more time in solace and detaching myself from the materialistic pleasures.In other words I promised myself to reduce my frequent visits to shopping malls, theaters, restaurants, beauty salons and to all such destinations which could burn my pocket.But as always the forbidden apple is the most tempting fruit to eat. I convinced myself to accept the challenge of going out with friends and still not burning holes in my pocket. Finally with all the convincing I stepped out and suddenly the most familiar malls in the town looked as if they were coaxing me for betraying them.The best part was the "End of the Season Sales" with upto 70% Off on all most everything.Suddenly the malls looked like vicious circle and I was completely lost....But I must say true friends are those who discourage you to buy even the best of brands at the best deal.And the best of best friends are those who predict and convince you that the discounts are going to last for ever and you can come back next month for availing them.So, I with all my heart and mind thank all my true friends who convinced me that shopping can take a back seat for now and I happily came out of the vicious circle with just a pair of shoes and some accesories!!! Recession has indeed taught all of us a lot of things.We value money even more now and we know that we can sustain even when situations are tough .We have learnt how to prioritise things and this is probably a graduating phase for a many people like me who never thought twice before spending!!!!