Sunday, March 15, 2009

Frugality is the new fad...

When a major media outjest manages to run a story on the new sincerety, one has to take notice.


The nightmare of a consumer driven economy, the Urban Professional cuts back spending even when there is disposable income available, no worries though, tax increases and regulatory burdens and the hidden tax of inflation will destroy the value they are hoarding. That is the issue with merely hoarding cash under the mattress, it loses it's buying power to inflationary termites.

It could be said that official inflation is quite low, and that would be a truism, however in this downturn we are experiencing producer price hikes at the overseas manufacturing locations, the US inflationary measures also do not account for food or fuel, they basically are worthless as a economic measure in a Global Economy.

Those new to value hoarding would be well served by purchasing items that will increase in price over the long term that are fit to warehouse. Otherwise sticker shock at the local Wally World could make it to America's Funniest Home videos.

The idea to use plain vinegar over even plain jane fabric softener is a good one.

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