Well, ... Retailers report disappointing December sales
NEW YORK (AP) - An already disappointing holiday shopping season turned out to be even worse than expected for many of the nation's retailers, who Thursday reported tepid sales gains for December.
Speaking of not buying presents . . . If you are committed to reducing your debt and simplifying your life, I found The Compact quite interesting. (Though maybe too extreme for me.)
Here's the blurb from their Yahoo Group.
Welcome to The Compact.
We are a group of individuals committed to a 12-month flight from the consumer grid (calendar year 2007).
The Compact has several aims (more or less prioritized below):
- To go beyond recycling in trying to counteract the negative global environmental and socioeconomic impacts of disposable consumer culture and to support local businesses, farms, etc. -- a step that, we hope, inherits the revolutionary impulse of the Mayflower Compact.
- To reduce clutter and waste in our homes (as in trash Compact-er).
- To simplify our lives (as in Calm-pact)
We've agreed to follow two principles (see exceptions etc. on our blog).
#1 Don't buy new products of any kind (from stores, web sites, etc.)
#2 Borrow, barter, or buy used.
And this from another source:
New members, who sign up on the group's Yahoo Web site, include seniors on fixed incomes, farmers in Alabama and self-proclaimed shopaholics who say they have a problem and need help. (Read the full article in the San Francisco Chronicle .)
And this from Wikipedia
So, think about what your throwing your money away on and to whom you are throwing it. Are you getting your money's worth? Where is your paycheck going?
Will not buying anything new for a year hurt the economy? Doubtful.
There will always be a demand for things that are new, because things wear out.
There will always be an abundance of folks who MUST HAVE that purse to match their shoes - ALL OF THEIR SHOES.
However, if retailers price what the market will bear, (how much you're willing to spend for an item) we can send a message (even though it may fall on deaf ears) that their pricing is becoming unbearable.
It's a thought.