Comments on: Four Reasons We Spend More Than We Should http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dusty http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should/comment-page-1#comment-693 Dusty Sat, 15 Mar 2008 02:38:27 +0000 http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should#comment-693 Nice post my friend! My wife and I were talking about this the other day. Does anyone remember when stores offered "layaway programs"? This was a good idea for the American consumer, since a person actually had to save up and pay for the items in cash; versus simply slapping down a piece of plastic without regards to cost or consequences. Nice post my friend! My wife and I were talking about this the other day. Does anyone remember when stores offered “layaway programs”? This was a good idea for the American consumer, since a person actually had to save up and pay for the items in cash; versus simply slapping down a piece of plastic without regards to cost or consequences.

]]> By: Dividends4Life http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should/comment-page-1#comment-692 Dividends4Life Wed, 12 Mar 2008 18:04:19 +0000 http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should#comment-692 Excellent post! Thanks for sharing it. I plan to include your article in my weekly carnival review this Friday. Best Wishes, D4L Excellent post! Thanks for sharing it. I plan to include your article in my weekly carnival review this Friday.

Best Wishes,
D4L

]]> By: Mike http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should/comment-page-1#comment-694 Mike Mon, 10 Mar 2008 02:52:50 +0000 http://www.moneyunder30.com/four-reasons-we-spend-more-than-we-should#comment-694 I think one of the main reasons we seem to be spending more is the transition from defined benefit to defined contribution plans as the means for retirement savings. Pre-tax deferrals into 401Ks, don't count as savings in the governments calculations that result in the negative savings rate reported. I discussed this, and a few similar problems with the calculations in a post over on the Lending Club blog at http://blog.lendingclub.com/2007/12/06/national-savings-rate-revisited/ I certainly don't want to dismiss the problem, because it does exist, but there are other factors to consider, namely how we calculate what "saving" actually means. I think one of the main reasons we seem to be spending more is the transition from defined benefit to defined contribution plans as the means for retirement savings. Pre-tax deferrals into 401Ks, don’t count as savings in the governments calculations that result in the negative savings rate reported. I discussed this, and a few similar problems with the calculations in a post over on the Lending Club blog at http://blog.lendingclub.com/2007/12/06/national-savings-rate-revisited/

I certainly don’t want to dismiss the problem, because it does exist, but there are other factors to consider, namely how we calculate what “saving” actually means.

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