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Old 10-01-2008, 03:36 PM
 
Location: Cary, NC
43,284 posts, read 77,115,925 times
Reputation: 45647

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Quote:
Originally Posted by Refugee56 View Post
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?
If that is the strategy that will make you most comfortable, yes, I agree that you should follow it.
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Old 10-01-2008, 03:51 PM
 
Location: Coachella Valley, California
15,639 posts, read 41,038,202 times
Reputation: 13472
Quote:
Originally Posted by Refugee56 View Post
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?
Um ... you were walking around the mall people watching, you peep out your curtains to watch the fancy people across the street ... ARE YOU SURE YOU STILL HAVE A JOB AT THIS POINT?????

(Ok, ok, dammit! I got sucked into yet ANOTHER of your threads!!!)
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Old 10-02-2008, 03:33 AM
 
18,725 posts, read 33,390,141 times
Reputation: 37301
The annual feeding frenzy is obnoxious regardless of economic circumstances, in my biased opinion.
Then again, I don't observe "the holidays" in any way except to work, get time-and-a-half, allow someone to be home if they want to be, and get martyr points at work. Plus, there's often food.
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Old 10-02-2008, 04:42 AM
 
12,867 posts, read 14,914,172 times
Reputation: 4459
Quote:
Originally Posted by GloryB View Post
They put them all on credit cards so the tax payers can bail them out next year when they can't pay up.
i am guessing that the credit card bailout plan will be the next one in the works.
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Old 10-02-2008, 11:55 AM
 
Location: Kansas City, MO
5,765 posts, read 11,000,014 times
Reputation: 2830
Actually, spending helps boost the economy and most retailers depend on the christmas season to pull them from red to black. If people cut spending for christmas, it could actually make things worse.
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Old 10-02-2008, 01:02 PM
 
12,867 posts, read 14,914,172 times
Reputation: 4459
Quote:
Originally Posted by RjRobb2 View Post
Actually, spending helps boost the economy and most retailers depend on the christmas season to pull them from red to black. If people cut spending for christmas, it could actually make things worse.
then i have always done my part to be a good american!
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Old 10-02-2008, 02:16 PM
 
Location: Orlando
8,176 posts, read 18,537,395 times
Reputation: 49864
I, myself, enjoy Christmas and I love giving presents no matter how old the person is...
That being said, I have never ever gone into debt. I shop all year long...if something catches my eye that I think someone will like I get it then.
With the exception of my immediate family, I average $20.00 per person.
Husband and I are limiting our gifts to each other this year to passports and stocking stuffers (we'll break this rule but oh well)
Probably $200.00 total for son, dil and Kali.
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Old 10-02-2008, 02:17 PM
 
2,652 posts, read 8,582,247 times
Reputation: 1915
Or maybe it just means that most people aren't doing as bad as the liberal media would want you to believe. I know in my household, I'm not doing any worse than I was 1, 2 even 3 years ago.

And I don't make tons of money.
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Old 10-02-2008, 02:20 PM
 
Location: Pennsylvania, USA
5,224 posts, read 5,012,232 times
Reputation: 908
Quote:
Originally Posted by Refugee56 View Post
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?
Christmas will be slim at our house this year. I had to forgo taking my son to see my mom who lives onthe other side of the country becasue what used to be a $500 ticket a year ago, is now over $1000. My son is over 2 so he's not free. To see my family this holiday it will cost me $3000!!!

I will purchase some gifts for my son. Nothing extravegant...and my husband and I will not purchase for each other...
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Old 10-02-2008, 03:24 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,261,360 times
Reputation: 4937
Quote:
Originally Posted by Refugee56 View Post
I say, that most people should defer spending money on Christmas gifts and instead they should add to their rainy day emergency fund. Agree?
My wife and I are taking our entire family (14) on a Christmas cruise (7 Day) - It is our gift to the family -

We will be waited on hand and foot. Food to die for. Relaxation and play

AND, no dishes or laundry
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