I hope everyone had a Merry Christmas and was able to keep it about Christmas and not the commercial spending spree it has become. We were able to tone things down and everyone had a great holiday, especially the kids!
Beth Harrison wrote the following article, I thought you might be interested.
Another Christmas is under our belts and, as the New Year approaches, most of us probably have at least 10 pounds to lose, some sleep to catch up on, a house that needs un-decorating, and a pocketbook that is empty.
Economists predicted that this holiday season would be a financial nightmare for the store owners with consumers not spending as much as previous years due to the downturn in the economy.
We are in this economic crisis for so many reasons of which just one of them is purchasing things such as houses, cars, and other stuff that we really could not afford.
Credit cards have allowed us to live above our means but made us think we were living within our means. Interest-only loans have enabled us to buy houses whose costs were way over our heads.
Seventy-two-month auto loans have enabled us to buy cars that were also beyond our finances.
Soon the media will report on our Christmas spending. Maybe people didn't spend as much this year because of their dwindling finances or fear of the economy but wouldn't it be nice if the decrease in spending was because we were celebrating the real reason for the season.
Click HERE to see the enitre article
1 comment:
good post! ITA
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