Americans spending less money

| August 2, 2011 | 0 Comments

lady working on laptopDid you cut back on how much money you spent in June? A new report by the Commerce Department says Americans cut their spending by 20% in June 2011. The report goes on to say that this is the first time in twenty months that it has gone down, September 2009 was the last time it was down. Is this yet another bad sign the our economy is still struggling? If you are like the rest of us the rising prices of food and gas have really cut into any excess money we may have had. Many people are keeping more of their money rather than spend it. What are people cutting back on? The biggest cut backs have been on purchases of cars, furniture, appliances and electronics. I recently took my car in for service and came home in a new car. Read New Car in this Economy? Car Dealerships are really in a pinch and they rather have the lot full or used cars rather than new cars because they sell faster, go figure. I can also report that as far as travel is concerned people are waiting till sometimes 30 days before a trip to book it rather than six months in advance. Here is an important tip to help save you money at the grocery store. Read Grocery Lists Save Time and Money. Another saving grace in this economy has been coupons. If you’re buying online, check for coupon codes before finishing your purchase. We love TOMS Shoes and have really seen an increase in TOMS Free Shipping offers and TOMS Shoes Coupons available so consumers can save on their TOMS purchases.

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