Bold Money Management in Tough Times
Lately I’ve been wondering if it’s better for all of us if I cut back and spend as little as possible, or continue spending as usual, or do what I can of next year’s Christmas shopping now in order to spur the woeful economy. So far my own income has held steady in these trying times, so it’s not a matter of having to decide between food and prescriptions, the situation that many are encountering.
Of course my decision is quite small-scale, but if everyone who could made an extra purchase or two now, it seems to me the economy would be quite stimulated.
So far,though, I’ve instinctively been cutting back. Most everyone seems to be doing the same thing, whether from need or caution. Not sure that’s the best approach. Certainly it’s not the boldest approach.
What do you think?