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Old 09-28-2008, 01:05 PM
 
485 posts, read 1,673,426 times
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I just got back from the large regional shopping mall near my home. I just wanted to walk around and people watch. I could not believe how crowded it was and how many people were carrying bags full of goods.

I also noticed something at many of the stores, Christmas (the Holiday Season) is here! Yes, it is not even October yet and Christmas displays are already up and the stores are promoting the annual Holiday Shopping Season.

I am working currently but who knows about next week. Next week could be the start of the next great economic depression. Wouldn't be logical to basically defer all spending on things we do not need until things improve.

I say, that most people should defer spending money on Christmas gifts and instead they should add to their rainy day emergency fund. Agree?
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Old 09-28-2008, 04:19 PM
 
34,990 posts, read 35,116,565 times
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Quote:
Originally Posted by Refugee56 View Post
I also noticed something at many of the stores, Christmas (the Holiday Season) is here! Yes, it is not even October yet and Christmas displays are already up and the stores are promoting the annual Holiday Shopping Season.
! Really? That's very scary. It means the retailers know that by October, November, December, few will be shopping.

I dont know if the National Retail Federation is the most important retail association, but here's this article from their site:

National Retail Federation - NRF Foresees Challenging Holiday Season, Forecasts Meager Sales Gains of 2.2 Percent
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Old 09-28-2008, 04:21 PM
 
Location: southern california
56,618 posts, read 75,697,810 times
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nope, those expensive christmas gifts are what makes my world go round.
i guna keep on playin santa claus. dont try to stop me here i come, ho ho ho ho.
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Old 09-28-2008, 07:25 PM
 
Location: Orlando, Florida
43,858 posts, read 45,059,398 times
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They put them all on credit cards so the tax payers can bail them out next year when they can't pay up.
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Old 09-28-2008, 08:56 PM
 
Location: Arkansas
2,383 posts, read 5,549,630 times
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This year we are picking out a few things here and there that are more expensive for the kids but cutting out the little sutff. Our daughter is at the age now that she does not really want toys and our son, while he is young, has plenty. But, I agree more and more people should be setting aside their money. The problem is that with a bailout in the wrks, I really think many people are believing that the economy will be fine, their finances will be fine and this will all end. I know this is another topic so I will not start this portion of the discussion, but I do think there is some denial amongst many americans.
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Old 09-28-2008, 09:35 PM
 
Location: Sarasota, Florida
3,412 posts, read 9,295,169 times
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Are Christmas gifts really a necessity or is it just "must please everyone" kind of thing? I think gifts are for children and children only, i don't understand why my entire family, friends and who knows who else must all have gifts. Ridiculous. They all have everything they need, buying more junk is just waste of my time and money.

Sorry, didn't mean to ruin anyone's "commercial holiday" spirits
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Old 09-29-2008, 02:26 AM
 
Location: Los Angeles Area
3,306 posts, read 3,504,209 times
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This Christmas I will spend what I usually do. I tend to spend most of my money on the kids in the family though. Any gifts I buy adults are modest and at least somewhat useful.

Lets remember, the vast majority of the country is still employed. Of course some where living a lifestyle they couldn't afford (I'm waiting for some family members to crash and burn....very soon) financed by debt. It is mainly these people that need start setting aside money and rethinking their purchases.

By the way if everyone stops spending then that in itself can cause a major recession.
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Old 09-29-2008, 02:45 AM
 
Location: Texas
43,993 posts, read 53,842,195 times
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I think spending tons of money on xmas gifts in lieu of being thoughtful is always lame.
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Old 10-01-2008, 02:38 PM
 
Location: vagabond
2,631 posts, read 4,979,630 times
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and i think that this is hardly a great debates issue. this should go to the financing forum.

but let us just think for one moment about the idea that if we are in financially tentative waters, should we go all out and buy things on credit that we don't have? or, should we spook and hide our money under the mattress, keeping it out of circulation?

or, how about we just go on as normal (so long as that normal involves some form of intelligent budgeting), and allow the dollar to do its job, which it can't if it's hiding in our mattresses, or if it is still trying to cover the mountains of credit debt that irresponsible consumers produce.

aaron out.
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Old 10-01-2008, 02:41 PM
 
Location: Bradenton, Florida
27,236 posts, read 41,854,109 times
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I'll spend the same amount I spent last year. Zero.
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