The other day I was reading an article somewhere online (sorry, didn’t bookmark this one) where the writer was talking about a friend of hers who was troubled by the economy. Not a surprising story to be sure – especially these days. However, what was interesting was that the writer’s friend actually felt guilty that she hadn’t put more money into the economy and, instead, was saving more; the point was that she wasn’t sure if she was supposed to put money into the economy or let the government do it.
And it is at this point that I wish I would have bookmarked this article because the rest of the story was as ridiculous as that last statement sounds. Can you believe that there are people out there crazy enough to think that they need to spend money to help kick start the economy? Listen everyone, it’s very simple – SAVE YOUR MONEY!
No, I’m not talking about putting all of your money under a mattress (though I actually know someone who does that). Spend your money on items that you need for you and your family, yes. But when it comes to big ticket items that you don’t need and might not be able to afford at this point in time – DON’T BUY THEM!
And for the love of God, don’t think that anyone needs to go out and spend money in an act of patriotism! Save your money. If you’re on an automatic investment plan like a 401k or an automatic stock purchasing plan, then if you feel comfortable with what you’ve got, continue to invest your money in that way. But good grief! Don’t think that it is our patriotic duty as Americans to go out and spend out money. That would be one of the dumbest moves that many Americans could make right now.
Think smart, then spend your money.