Today I had to go to sprint to get my phone replaced due to a faulty unit and while I was there I was with the manager and I noticed allot of people were buying new phones but had perfectly good phones presently. I am not attempting to judge how much money people have at their disposal but it does make me wonder why people feel the need to upgrade at such a pace that their current units aren't even out of their product line but they feel the need to change phones and some I noticed were buying phones with less features than the one they currently owned but wanted a new phone. I think this type of spending is what we don't need right now because the economy is hurting and we could use some smarter spending with practicality in the forefront. I am sure this same irrational spending is occurring not just with the cell phone market but in other industries as well...
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Coldwell Banker Realty - Baltimore, MD
Creating Generational Wealth Through Homeownership
I agree 100%, discresionary spending has got to be curbed to help get our budgets back on track.
Dec 10, 2008 08:19 AM
AMERICAN AFFORDABLE HOMES - Sterling, VA
That is true, you make a good point by stating the dollar needs to circulate somehow. I do wonder sometimes do we need all the things we buy especially if you have been a victim of the current fall in property values. Being a Mortgage Broker and Financial Planner I just fear for the future but don't pay me any attention I am just a worrier sometimes I guess...
Dec 10, 2008 08:22 AM
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC
Hi Jonathan
Moving into 2009 anyone in business will have to control their expenses.
Good luck and success.
Lou Ludwig
Dec 10, 2008 08:41 AM
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
It is pretty crazy how some end up spending money for things they do not really need.
Dec 10, 2008 03:11 PM
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