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The rebate check came into the account today (yours may be $600). I’m supposed to spend it on none-debt like things in a trained consumer kind of way. Grumble…but I have debt, loans, and some decent foreign ambition (which costs some money).
Fueling casual consumption will only be a short-term boost to an economy that has long-term issues. Government debt mimics ours and we no longer know how to save. We average a -1% savings rate when global neighbors are much higher (50% in China). Can’t we be our own safety blanket? We lost something after World War II, thrift. We all have that grandma (or mom for some) that saves aluminum foil pieces. This isn’t as absurd as it sounds. It is a reaction to finite resources. Isn’t that a global reality today?
Nothing much brings a smile like “free money.” Yet use with caution. If you succumb to consumerism, then do it wisely.
• Local
• Useful beyond yesterday
• Socially and environmentally sensitive
• As financial space to build to better habits
• Experience something new
If you get those damn sexy jeans that cost too much then make sure wear the hell out of them.
Spending Your Tax Rebate Wisely, Don’t Spend Your Tax Rebate!, Stores Offering Bonuses For Spending Your Rebate Check, Luxurious ways to spend your rebate, Ten Tips: What to do with tax rebate?, How to wisely spend your rebate check, How Will You Spend Your Rebate?
Edit: A useful link, Likely Effects of the Tax Rebate
