Recently I heard a news anchor marvel at the fact that the number of Americans who save money are on the rise. Additionally, we are also greatly reducing personal credit card debt, putting the cards away in a safe spot and spending just the cash that we can afford on items that we really need. The negative economic outlook has prompted many consumers to exercise fiscal prudence, pay down debt and save money rather than frittering it away on unnecessary items.
That lead me on a hunt to see what was being reported on the internet about this topic.
Forbes: The Best Ways to Save in a Recession
Americans are saving more money
Dave Ramsey preaches savings, but does wise budgeting help nation in economic recession?
Hard-Hit Families Finally Start Saving, Aggravating Nation’s Economic Woes
After reading these articles and tapping into your own idea of what makes good common sense, what do you think? Do you think by saving money, we are hurting the economy or are we being wise stewards of our own destiny?
Please let me know what your “get out of debt” plan is. I would love to hear from you.
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