Are we individuals who are not spending thought of as badly as companies who are hording cash?

[RB TexLa]

I'm saving more than ever, and I'm not about to spend money. There are a couple of posts about the cash holdings of major corporations and suggestions as to how to make them spend the money. Are individual savers looked upon with the same disdain?

[peace13]

1. Depends on how much cash you are hoarding. : )

Last year at this time I did a paint up fix up on my house, actively trying to put bucks back into my community. If you can afford to be doing something I think now is the time. If everyone did a little the picture would be less bleak for some of these businesses.

[SoCalDem]

11. Same here.. we are putting in all new windows, knocking down a wall

to enlarge the kitchen, and having new floors put in the house.. All are being done by a friend of my son & his construction co. They are short of work, and have some workers to keep employed.


and we are making extra house payments to try and pay this thing off before my husband retires.. the piddly-ass interest that banks pay now is not worth the trouble.. It's better to pay down the mortgage..and get extra interest to deduct next April too:)

[RB TexLa]

12. The more principal you pay down the less interest you will pay to deduct next April

[SoCalDem]

14. we're making whole payment..not principal payments

It's only Feb and so far we have already paid $4700.47 in interest :) By December we'll be near $15K in interest..:)

[RB TexLa]

15. you can only count one month of 2011 interest for 2010. Has to be a bill due within 15 days of

Dec 31.

[SoCalDem]

16. well crap... back to the drawing board

but it still makes sense to pay down a debt, than to get little or no interest:)

[RB TexLa]

17. Some people like having it paid ahead and nothing wrong with that

can help alot in an emergancy to not have the mortgage due for X number of months. Straight principal payments however do the most to reduce the interest and time it takes to pay the note off.


Bankrate.com has a good amortization program

http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx

[SoCalDem]

18. That's probably what I'll start doing..

My husband's still working, and just started to get his SS payment, and since it's about double our house payment, we had hoped to offset the tax implication by pre-paying house payments :)

[leftstreet]

2. Yes, because the working classes have SO MUCH MONEY

and they're HURTING everyone by HOARDING IT!

:rofl:

[anonymous171]

3. Corporations are engines of production, not people. nt

[MadHound]

4. You are doing the right thing,

As a country we have overspent and over borrowed for years now. It is past time that we started saving again.

[LanternWaste]

5. Looked at by whom?

"Are individual savers looked upon with the same disdain...?"


Looked at by whom specifically? The government? Neighbors? Family Members? The bank they use to deposit? DU posters? Gnomes and Elves?

Seems to me to be a most relevant and necessary qualifier to your question.

[ProgressiveProfessor]

6. I stopped by a local supplier of gates and garage doors today

He did the mega gates ones that keep the OHV riders off of my land and refurbished the doors on the outbuildings. He has an interesting problem. Business is so good he could hire more workers. However much of the work is related to rebates for windows and doors which he thinks will go away when the rebates do. He treats his workers like family and has never had to let anyone go for economic reasons. Times like these I am glad to be in the education biz.

[stray cat]

7. Can you blame anyone for being responsible economically for their own business or personal income?

[RB TexLa]

8. I don't. I'm not suggesting finding ways to force companies to spend profits.

[upi402]

9. we are always the scapegoats in the media

those effing whores in the media are killing America and history will report them by name. I hope there really IS a hell.

[DesertFlower]

10. we save, but we also spend.

last spring we had the outside of the house re-stuccoed and painted. had a faux painter do 2 of our bathrooms. hubby bought a new car (paid cash).

[madokie]

13. We're trying our best to continue to live as we've always lived

When we need a new something or other we buy it, when we feel like a meal out we eat out. We are trying to get ready for the day when we'll both be on social security by buying, as we can, new appliances and just generally getting out house in order. In other words I feel we're doing out part.

[damntexdem]

19. It doesn't matter -- how are most going to know you're not spending?

And although some bailed-out corporations are known to be, and loathed for, hoarding cash, that also doesn't matter -- because no one is going to stop them from getting away with it.

[On the Road]

20. You're Not,

or certainly shouldn't be, looked on with disdain. But, if you can afford it, it's a great time to make a major purchase or do some renovation. Helps the economy too.