I’ve had a busy day of doing stuff around the house – I spent hours organizing a huge number of Mishpacha and Binah magazines. Some things will be worthwhile reading years from now for my kids as they get older, other magazines I selected specific articles from to save. The pile of recyclables is now much bigger and the pile of magazines remaining to be sifted through is much smaller, but there’s still one more pile to deal with at another time. (I didn’t get anywhere near starting the blanket covers today.) It’s nice to put things into order and make them more useable.
Then I canned a few pounds of beans – pinto, kidney, black, and navy. For the amount of gas I use to cook one pound, I can pressure can eight quarts. That’s useful on days when I want to pull something off the shelf. And then I canned green beans, but most of the seals failed because there was more fat in the broth I used than I realized, I guess. That’s okay – we eat so many vegetables around here that there will be no difficulty in using them in the next few days.
Anyway, on to my deep thoughts from my exhausted brain today. 🙂 My dh told me about an article he saw today, which I happened to stumble upon later myself online (http://www.msnbc.msn.com/id/28965133). It’s front page news that Americans are saving more and spending less, which is supposedly bad for the economy – at least that was the point of the article. For their purposes, they defined saving and paying off debt as the same thing – ie, not pouring money into consumer goods they don’t need and can live without. It got me thinking once again about how there are assumptions made that what’s good for the individual and what’s good for the nation are two different things. But I don’t think that’s necessarily the case.
It violates natural principles that millions of people overextending themselves financially can actually be healthy for a country on an extended basis. Short term, lots of things can look good (and that’s what we’ve had until now), but long term, true principles will always show themselves. Financially strong and stable families are good for the economy, although it will cause short term contractions (I’m not saying we’ll see only short term contractions, I’m saying that specifically people putting money into savings would only cause short term contractions). In fact, if people had been responsible in their spending until now, we probably wouldn’t be in a recession, because all of our national spending would be reasonable and sustainable.
Those who are saving money and being responsible still need to spend on some items. My own experience and conversations with others show that plenty of spending is still going on, but not on the same kind of items as before. Perhaps those items are more utilitarian than frivolous, but irregardless, they’re buying something. Markets would spring up to accomodate those needs, and it would be a healthy and stable market that would boost the economy, not a deck of cards ready to collapse at any time.
I remember after 9-11, I kept hearing how it was our patriotic duty to spend, spend, spend. And I didn’t go for it then, either. But enough people were happy to oblige and it kept the economy afloat for another few years. I’ve already strongly suggested that everyone work in a focused and committed way to pay off any debt they owe, particularly on credit cards (http://vibrantmoms.com/homemaking/get-rid-of-your-credit-card-debt-now/). If there are purchases that you can make now which will help you save money in the long term (figure this out, don’t rush out and start buying based on false assumptions), then now is a good time for that kind of thing. Otherwise, put every bit you can into savings, get your family’s personal economic situation as stable as you can. And know that by taking care of your family responsibly, you’re doing the best thing you possibly can, on both a personal and national level.
Avivah