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View Poll Results: Did you curb your spending?
Yes I did. 5 71.43%
No I did't 2 28.57%
Voters: 7. You may not vote on this poll

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  #1  
Old 11-20-2008, 03:01 PM
Zephyr Zephyr is offline
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Default Did you curb your spending?

Did you curb your spending? Do you buy only the essentials or you spend like before? Do you use your credit card as often as before?
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  #2  
Old 11-20-2008, 07:45 PM
bullish bullish is offline
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No I haven't cut my spending at all. I don't think the Canadian economy is in a bad shape and I'm sure that we'll have a mild recession at most.
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  #3  
Old 11-21-2008, 03:46 PM
Steven Steven is offline
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Yes, I have. I'm not going out to eat that frequently anymore and I've stopped buying useless expensive stuff. Increasing my savings is a top priority for me now, and it will be for the foreseeable future.
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  #4  
Old 11-21-2008, 03:49 PM
lanaa lanaa is offline
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Quote:
Originally Posted by bullish View Post
No I haven't cut my spending at all. I don't think the Canadian economy is in a bad shape and I'm sure that we'll have a mild recession at most.
Don't you read newspapers? The Canadian economy may not be in bad shape comparing to the US economy at the moment but our economy is very dependent on the US. We export mainly to our southern neighbor. The consumer confidence has dropped in Canada and the holyday spending will drop dramatically comparing to past years. I think it is a good idea to have some cash just in case.
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  #5  
Old 11-24-2008, 02:55 PM
mary1 mary1 is offline
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Quote:
Originally Posted by lanaa View Post
I think it is a good idea to have some cash just in case.
Cash, who has cash? Earn it-spent it. I can barely pay my bills. I use my credit card all the time. What am I supposed to do? The only difference is I started to shop at cheaper retailers.
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  #6  
Old 11-24-2008, 03:55 PM
Canadian Canadian is offline
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Quote:
Originally Posted by mary1 View Post
Cash, who has cash? Earn it-spent it. I can barely pay my bills. I use my credit card all the time. What am I supposed to do? The only difference is I started to shop at cheaper retailers.
Well at least you have to have an emergency fund, which can cover your expenses for at least 3 months. Otherwise you'll be in a serious trouble if you are out of work even for a short period of time. This is the main reason payday loans exist - because people don't have any savings and any disruption in their paychecks or an emergency sends them to payday loan lenders.
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  #7  
Old 11-24-2008, 07:33 PM
trent trent is offline
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I haven't lowered my spending, but I don't have any debt so I'm not affected much by the credit crisis so far.
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  #8  
Old 11-25-2008, 03:27 PM
canfra canfra is offline
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I think it is always a good idea to cut your spending. Especially in times like this. True that the Christmas season is not a good time but I will try this year to spend less on gifts and to be actually able to pay for them rather than putting everything on my credit card.
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  #9  
Old 11-25-2008, 04:14 PM
Canadian Canadian is offline
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Quote:
Originally Posted by canfra View Post
I think it is always a good idea to cut your spending. Especially in times like this. True that the Christmas season is not a good time but I will try this year to spend less on gifts and to be actually able to pay for them rather than putting everything on my credit card.
I always pay for everyday purchases with my credit cards, however I never keep balances on the cards, and I repay everything borrowed at the end of the month. It's hard to save money around Christmas I know , but it's the prudent thing to do in my opinion.
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  #10  
Old 11-26-2008, 04:20 PM
sunshine sunshine is offline
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I have cut my spending. I don't buy things that I can do without. I used to buy clothes almost every week and my closets are full to the top with clothes I don't wear... I guess every one of us can cut his spending and this is not a bad thing.
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