Economics

What are the benefits of being frugal during this economic crisis? ?

frugal
M&M asked:


Why is it so important to be frugal during this time?
OK maybe I should’ve said “besides saving money”

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Monday, May 18th, 2009 Economics 5 Comments

Isn’t being frugal or saving money in a tight economy exactly the opposite of what The U.S.A should do?

frugal
MABISKING asked:


I mean if in a nutshell without going into extreme detail if people are saving money then they aren’t spending it so that defeats the whole purpose of a successful Economy.
Ill also add that people save to pay bills buy food thats a no brainer. What i am saying is money isnt real regardless if it backed up by rocks or gold whatever my point is if people want to work let them work and pay them. Now i will go into detail imagine this here is the problem a man lives in a village and 10 miles up the hill lies water ordinarily hime and hie 5 other men go and get the water for the village once a week then the village of 100 pays them in jewerly or clothing around the same value. Now lets say for some reason trade got a little off balance compalint were made and peeopl jujst werent making jewerly or clothing as much.

So if this occured do the workers who normally go get water for everyone decide they should just stop getting water because they wont be reimbursed becuase of material exchange shortage?
Should it be based on credit for water where a debt will accumilate or shouldnt they just pay them with clothing and jewerly anyway right?

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Thursday, May 14th, 2009 Economics 11 Comments

Is it best to live a frugal lifestyle?

frugal
ur a 10, pregnant & near level 2 asked:


Trying to make the most of what you have
Not excessing on anything material
Repairing old things instead of buying new
etc
Income shouldn’t have anything to do with it. Everybody should try to live as commonly as possible. I’m not saying extra income can’t mean a few extra comforts, but does extra income mean buying things you don’t need and wasting?

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Wednesday, May 13th, 2009 Economics 7 Comments

how can i be frugal be with the rising costs ?

frugal
nncywlndr asked:


any ideas , suggestions would be greatly helpfull…

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Tuesday, May 12th, 2009 Economics 3 Comments

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