Friday Fun Video: Are You Saving Your Money?
One of the biggest stories in the personal finance world right now is the fact that Americans have a negative savings rate. And, in the current economic slowdown, that needs to change. This public service announcement from the Feed the Pig campaign illustrates the point: We need slow down on buying things we don’t need.
Tags: Americans savings rate, Feed the Pig, Friday Fun Video, negative savings rate, personal finance blog, saving your money, yielding wealthRelated Stories
POSTED IN: Family finances, Money advice, Personal Finance, Saving Money
3 opinions for Friday Fun Video: Are You Saving Your Money?
Mark
Mar 28, 2008 at 3:39 pm
Do you think we could lower the price of gasoline if we all cut our driving back just a little (or perhaps left the Hummers on the lot for now)?
That’s a real hungry pig! Our automobiles!!! Yet, we bit** and bit** but don’t do anything about it.
Thanks for dropping by my place :)
miranda
Mar 28, 2008 at 3:53 pm
Thanks for your comments, Mark! We do complain about the cost of gas, and then do nothing to modify our habits. My husband has started taking the bus to school, and I’ve been practicing major trip consolidation lately. But, as always, we could do even more.
However, in order to make a significant change in the cost of gas, there has to be a viable alternative to compete with it. Unfortunately, we complain that there’s no alternative, and then we don’t support the development of technologies that could provide that alternative. The lion’s share of government subsidies still go to Big Oil, giving oil companies little incentive to change.
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