Thoughts on Debt

The financial pains of our country are being felt in every household across the board. Money that used to be spent more frivolously is now being spent on the necessities such as food, clothing and gasoline. I have heard many people ask are we in a Recession? A Depression? Well, financial analysts are referring to this as a financial slow down, but is that just a way of saying that what we are going through now has yet to be experienced by those before us. Well, it doesn’t seem that having the correct term for it is going to help us any. We all seem to think that they would tell us that we were going through a depression, even if we were, they can’t say that. To say that would bring spending to a halt, and that would further slow down the economy, so to put it bluntly, they won’t tell us either way.

As I see it, it is a time to buckle down and save anyway that you can. Reducing the extra expenses is one way to cut back spending. Entertainment is an area that we as American’s spend a lot of money on. With the average adult movie ticket going for about $9 and the cost of a soda and popcorn reaching about $8 per person, isn’t it maybe time to sign on for one of these online DVD delivery services. That would not only save you gas, but they also don’t have any late fees and they pick up and deliver at your door, how’s that for convenience? Then you can buy your own soda and microwave popcorn and the whole family can go to the movies for about $8. That is an amazing savings.

Actually, this economic “slowing” as the experts like to call it, may be the best thing that has happened to us in a long time. It will cause most of us to find ways to cut back, have less waste, and to stop living completely above our means. Also, by less spending companies will have to drop prices on non-necessity items to stimulate buying, so in the long run we may actually get the deals. Also, with the rising prices of gasoline, we will all need to stay closer to home and spend more time with family and friends and less time out spending. This will be a good thing for the moral fiber of our country as well.

I guess there is so much negativity about the economy, that I just thought it would be nice to hear some of the positives about the rising prices.

Tags: depression, economy, financial analysts, recession, rising prices