Tuesday, December 02, 2008
JK wants me to spend some dosh to keep the economy going and make sure she can retire. While her job is not tied to the manufacturing sector or retail, she wants me to help her retirement account by making the consumer confidence index soar and make you all buy more stocks.
Imagine if we had this conversation last year.
I took her up on the challenge. I bought a new tv (first one in 25 years), some cables for the tv, two dvds, some dog food, a few Christmas odds and bobs and groceries. That alone wiped me out...not so much financially, but mentally.
Tonight I plopped my credit card down three times to buy gifts. Really peeps, I should have gone to the cash machine and taken out the cash, it would have made it more real. I don't think I would have spent any more or less, I just would have felt it sooner.
I was emailing a girlfriend today who bemoaned not having any money -- on one level she doesn't have the expendable income she had before, but on the other hand she drives a nice car and lives in a pretty magnificent house and has seen no cut in pay.
How long before her kids realize that things are not so hot out there?
I remember the recession of early 80s. For the first time my parents really cut things back. We turned the heat down in our house and bundled into one room (our rec room) for eating, showering and hanging out. My mom would get up and make dinner with a coat on and honestly, it was pretty pathetic if you think about it. We lived a very affluent lifestyle, but my parents were worried about high heat bills and not spending more than we needed to. To this day, I would rather put on a sweater than turn the heat up past 60 degrees.
While I'm hoping this downturn doesn't last too long and do worry about my friends who small businesses, I am hoping that a few kids out there will not walk past a penny, learn to put on a sweater and squeeze the last bit of toothpaste out of the tube from now on.