Wednesday, August 26, 2009

More people are saving money, dumping cookies at the store

The story here is - shoppers are still shopping, but they’re reducing their spending and leaving more purchases behind than ever before.

(In my opinion, that’s a very good thing).

“They're leaving sweaters in the dress department, dumping cookies near the grocery cashier and waiting until the last minute to weigh wants versus needs. Online, shoppers are abandoning their virtual carts as they search for better deals.”

[Click here for full story]

“Hard numbers are difficult to come by, but Burt P. Flickinger III, a retail consultant, estimates that in 25 percent of shoppers' trips to the store, they're ditching at least one item. In the recession of the early 1990s, it was 15 to 20 percent. In good times, it's more like 10 percent.”


["Spend wisely, live small and prosper"]

Maybe money is tight in more homes. Maybe more people are looking at stuff in their hands and thinking, I don’t really need this. Maybe we’re realizing material goods last for days, even minutes, but debt lasts forever.

Whatever the case, I was cheered by the article. More people are reducing their spending and moving closer to the lifestyle they can actually afford.

Keep up the good work. folks.

***

Have you cut back on spending? On particular items?

What have you gained?

.

No comments: