Friday, January 2, 2009

To spend or not to spend?

We are living in a tough time. People are worried about their jobs, investments, retirement and even concerned about grocery shopping. The economy is down. A recession is here. What is the message that is being sent to us by the big guys in the White House? Spend, spend, spend! I understand that money needs to be circulating and people need to be buying for the world to go round, but are buying unnecessary items and putting things on credit that can't really be afforded the answer?

In December, we received several restaurant gift cards (from the restaurants themselves) beckoning us to come on over for dinner. I have never seen so many stores offering huge sales and deep discounts before Christmas. Those kind of sales are usually reserved for after the holidays to rid the shelves of surplus. These places want us in their establishments. Once we are in, then we will probably spend more. I know that was the case for us when we used our $25 gift card to Flemings Steakhouse.

Restaurants want us to spend. Stores wants us to spend. Guess what? So do the car manufacturers and the housing market.

There has to be a better a better way and I do not mean huge bail outs for irresponsible companies. I don't know what the right answer is, but until things get settled, this family will be doing the opposite of what all of the manufacturers and government want.

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