Thursday, February 28, 2008

America Saves Week

Well, leave it to me to learn about America Saves Week toward the end of the week. Truly a day late and a dollar short!
There was a good column today on Yahoo Finance titled "Saving in the Age of Chronic Consumption" that talked about America Saves Week. Sponsored by the nonprofit America Saves, the group's Website does have some good tips on saving money. I will definitely be following some of the suggestions.
The column also talks about how much easier it is to be a consumer today in the age of the Internet, when you can gamble, shop, or participate in an auction in the middle of the night. It used to require some effort to be a consumer. You had to get in your car and drive somewhere to make a purchase.
Also the article talks about how consumers have less discipline today in an era in which they need to save money the most. There is less job security and more part-time jobs with no job benefits. People are more likely to have a volatile income stream.
http://finance.yahoo.com/expert/article/moneyhappy/68883;_ylt=AjDvyiA02K23s6fC24x683e7YWsA