Spend, Save or Cut Back...
Original post made by Claudette McDermott on Feb 24, 2009
on Feb 24, 2009 at 1:09 pm
Now is a good time to buy big ticket items because you can negotiate. However, you also don't want to get stuck with a payment if you lose your job.... I would like to know more about how this "bailout" is going to help homeowners who are making their payments. If some of us responsible homeowners had some assurance that if we spend money, we won't lose our homes in a few months.
on Feb 24, 2009 at 5:49 pm
Well, the "bailout," not really sure how that's going to actually happen. I saw on TV that there were stipulations on it. Homes Under $400,000... where in California can you find a house under $400,000 not in the Bay Area that's for sure. So it looks like No "bailouts here, if that's the case. I guess as a homeowner, like myself, you have to feel secure in your job choice and your position in your company as well as the stability of the company itself. Do your homework on your company. If you don't feel it's secure, start putting together a resume as you can't expect the state or anyone else to keep your job secure for you or keep you working. It's your own responsibility. We can't wait and hope to be rescued, you need to take action. If you are fairly secure spend conservatively. If you are fortunate give to Fundraisers that are in your community or that are close to your heart. Shop locally to keep your community alive. Help yourself by making smart decisions and help your neighbors even if it's just to check on them to say hi. Be positive so that attitude will expand, because if you keep negative that also expands and that's not good, for anyone. Things will change, it's a matter of time. I'd say with in a year from now.
on Feb 25, 2009 at 10:47 am
This economy should be providing a correction in how we personally view our lifestyles that are full of STUFF.
What happened to using something up to it's fullest before replacement? I'm not that old, but I was taught and live the way my parents and grandparents lived.
We keep our furniture, our clothes, our cars until they no longer function. We don't trade them in or throw them out just because they aren't all new and shiny. We don't replace them because there's something bigger and better out there.
Buy what you need and save the rest for a rainy day, because it's going to rain!
We feel that we deserve an expensive vacation every year. We define vacation as time off from work, being with family, exploring new things. Disney and Carnival aren't the only game in town.
Hallmark doesn't tell us when to spend money. We show the important people in our lives how much we appreciate them with time and words, not one more thing to fill up their homes.
What happened to dinner out was only for special occasions? I can't believe people are complaining about cutting out dinners out and are being forced into preparing meals at home. Even if you don't want to do the preparation, there are great take and bake options from the local markets that are at least 50% of a dinner out. And today's people are calling this a sacrifice?
I was telling my kids how our grocery store put out all the apples, different shapes and colors, and you would eat a wrinkly one if you kept it too long at home. Potatoes grew eyes in the basement over the winter because they were taken from the garden months ago. Leftovers were used. Food was only thrown out if it was going to make you sick, not simply because it wasn't appealing any more.
And there needs to be a correction on what businesses are out there taking up space and using up resources. There are some products and services that don't need to be out there in the market or the market is flooded with these types of businesses. What resources are being used to make & transport that do-dah that no one really needs? What chemicals are being dumped?