Posts Tagged ‘ spend or save? ’


Aug 26th, 2011 | By | Category: Senior Moments Blog

How do we respond to the conflicting messages of our spending, in order to help the economy, and not spending to protect our own pocketbook? This current horns of a dilemma seems to contradict our own common sense. ” When things get tough, the tough get going” so says a familiar quote. However, going where is the paramount question. What is the best and most helpful strategy for persons, like retirees, who generally live on fixed incomes, whose resources can be drained and whose security can be threatened?

The conflicting political ideologies suggest that spending is the time proven method for getting the economy on its feet or cutting spending (and doing what with the money?) is the most wise approach for creating frugality and diminishing government influence.