SLOW DOWN ON YOUR SPENDING PLEASE!!!

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Mortgage and Lending with AMERICAN AFFORDABLE HOMES

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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Rainmaker
68,890
Valerie Springer
Benchmark Mortgage nmls 2143 - Birmingham, AL
Home Loan Officer AL, FHA, VA, Conventional and Re

In today's market i am glad someone is busy making a profit.  Could it be they are downgrading a phone so they will not have to pay wi-fi charges?  Either way, people that have money need to spend it somewhere, everything is relevant!

Dec 10, 2008 08:18 AM #1
Rainmaker
1,017,139
June Piper-Brandon
Long & Foster Hampden - Baltimore, MD
Piecing Dreams One Home at a Time

I agree 100%, discresionary spending has got to be curbed to help get our budgets back on track.

Dec 10, 2008 08:19 AM #2
Rainer
8,628
JONATHAN WRIGHT
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 #3
Rainmaker
3,248,853
Lou Ludwig
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 #4
Rainer
70,555
real estate real estate
Providence, RI

I still have a 1999 Motorola phone as my second cellphone (prepaid). It has strong signal and works just fine. I too had a habit of upgrading but not any more.

Dec 10, 2008 12:57 PM #5
Rainmaker
655,882
Bob & Carolin Benjamin
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 #6
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Rainer
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JONATHAN WRIGHT

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