We know by now that we are in a recession, and have been for over a year. It only took the media a year and the government a year to tell us what we already knew, that jobs were being lost, that our spending power grew less and less, and that gas prices drove in the nail to an already sick economy.
So where do we go now? Are we headed for recovery or a depression? It all depends on what Congress does with bailout plans and what we do this Christmas. Will we go out and spend more than we can afford and charge up the credit cards, or will we be conservative and buy less; in other words, will we stay within our means?
I venture to speculate that we will do what we always do at Christmas time, we will spend more than we can afford or than we should but just a little less than usual. What do you think?
Have we not learned from the past? Have we no worries about the future? Have we thrown caution to the wind and decided to “pay the piper” tomorrow? Or by chance, have a number of us learned to become frugal and spend money wisely this Christmas season?
I have made my Christmas gifts. I made beautiful crocheted ponchos for granddaughters and crocheted sweater vests for the grandsons. The older ones get money because they need it to pay for driver’s licenses and insurance. I made a blanket for my brother, father, and step mom. All that added up to about $200. Last year I spent about $700, so I think I’ve done well this year.
Remember
Ourdays Report 