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We are all told that the economy is bad and we all have to cut back and sacrifice. That is, except the rich of course. So I am wondering what you and your family are going to sacrifice because of the economy. Where can you really cut back without it really putting a hurt on your style of life?
Not sure I understand this topic. Cutting back and sacrificing, ironically, will make the economy worse. Obama's stimulus package is intended to get people to spend, not cut back.
Not sure I understand this topic. Cutting back and sacrificing, ironically, will make the economy worse. Obama's stimulus package is intended to get people to spend, not cut back.
What is he doing to HELP Americans NOWWWW without pork/helping the banks/insurance and waiting for a "maybe" down the road?
Location: Sitting on a bar stool. Guinness in hand.
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Quote:
Originally Posted by KevK
I made that an option because I saw a story on how people are giving up DSL and Cable internet and going back to dial up.
Consumers return to dial-up to save -- OrlandoSentinel.com (http://www.orlandosentinel.com/business/yourmoney/orl-bizdialup28022809feb28,0,7456328.story - broken link)
Dial up? I think I rather take a bullet to the head................or at least pay the extra $319. I tried using the "new" and "improved speed" dial up about a year ago at a friends house. And let me use on word to describe it....SUCKS!
Now the car thing and the vacation thing I'm down with. That actually stuff I never put a priority on. I usually ride my cars till they die or get to expensive to fix. As for vacations.............I always try to make the most out of here I'm. Granted I try to get out of New Jersey a bit (driving) and head home to MA once a month.....I wouldn't call it a vacation, more of a time to clear my head and connect to/maintain my cultural roots.
Not sure I understand this topic. Cutting back and sacrificing, ironically, will make the economy worse. Obama's stimulus package is intended to get people to spend, not cut back.
Yeah, that $13 a week is really helping us let me tell you.
I've always been very conservative w/ money so I'm not making any real discretionary spending adjustments (we're not cutting spending). However, we are (and have) been adjusting our investments/savings. We are also making a point of visiting our favorite stores/restaurants in the hopes that our effort will keep them afloat until this economic conflagration passes.
We've stopped buying anything, but the barest necessities. We are going on vacation later this year with our tax refund. We are going to drive out to OR to visit my husbands family since we haven't seen them in 4 years. We are driving because it'll cost us about $400 in gas versus the $1000 for a plane ticket and then the cost of a rental car on top of it. We will be staying with his mother so there won't be a hotel cost.
Once I return to work, hopefully in a couple of days, we should be able to loosen up the purse strings a bit and pay off more of our debt. I'm taking that extra $14 a week that my household will be getting from the stimulus and adding it to a credit card payment each month. The cost of my medical also went down by $100/month this year and once I'm earning my full-time wage again I'll be able to tack on that to a credit card as well.
We are all told that the economy is bad and we all have to cut back and sacrifice. That is, except the rich of course. So I am wondering what you and your family are going to sacrifice because of the economy. Where can you really cut back without it really putting a hurt on your style of life?
Hi KevK,
Its time to learn the simple fact that cutting back and hoarding the medium of exchange is ruinous to all but those being bailed out by the FED.
1. US spends to much and the economy tanks.
2. China and Japan save and manufacture and the economy tanks.
1. If people save, workers are laid off and can't pat their debts and the economy tanks.
2. If people are already in debt and they spend they will go into more debt and the economy tanks.
Can't save, can't go into more debt.
Its a paradox. However like all of them that actually exist they are an apparent paradox.
The goods and services economy has a debt it cannot repay and it was done by a colossal fraud. Until transactions can be conducted without interest bearing bank credit you can save all you like. The root of it is debt is money and money is debt.
Seems like the OP meant BECAUSE of the economy;not to help the economy.
Yeah it could be, but a recession is selective - if you are a business owner or unemployed, or living off investments or face uncertain employment, then you make sacrifices.
But for some, if you have a fixed guaranteed income or secure employment, this economy works to the advantage - prices are lower, consumer buying incentives are out there, and since savings rates are low you have no incentive to save.
I'm still confused about the OP's statement "We are all told that the economy is bad and we all have to cut back and sacrifice." Who is saying cut back and sacrifice? Not the government - they are spending like there is no tommorrow. The government, by example and by incentive (Obama's anti-stimulus) is telling us the consumer not to cut back and to spend like crazy, while at the same time frightening us to cut back by saying the economy is getting worse.
It's interesting however of the cause and effect - the consumer cut's back BECAUSE they are being told the economy is bad, and then the layoffs occur and the economy becomes bad (or worse than it was before).
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