Pay day was Friday, which that made Freedom Fund reach $28,500. I also went out to eat a couple of times because a friend was in town, but overall, I’m spending way less in the dining out department compared to a few months ago (which, granted, was the holiday season).
If I felt more secure about the job situation or the economic news wasn’t so doom and gloom all the time, I’d TOTALLY spend more. Totally. But like so many others, I am now watching every dollar.
Isn’t it funny how something that’s great for the individual (saving money) can be so bad for the economy if everyone starts doing it? Lack of consumer spending = lack of business spending = economic activity kaput.
In the long-run, all this saving will be great because it’ll turn into investments in the economy, but in the short-run?
It’s a painful adjustment.