I think it was this spend, spend, spend frame of mind that got people into trouble in the first place…
If I have to buy something, I try to buy Irish, but I will not spend a cent more than what I need in this current environment. As we have seen recently, ordinary people won’t have a cushion of bailouts to fall back on…
I am not spending just for the sake of it. And I am not spending money I don’t have, which is the reason why people are so much in debts now – banks allowed them to spend far more than what they could ever repay, how did they expect to recover the money? I’ll put that extra fiver into my piggy bank and save it for a rainy day, sorry if I am not doing my bit for the economy, but surely no one will bail me out of my negative equity house?
Tuesday 28 June, 2011 at 11:08 am
I think it was this spend, spend, spend frame of mind that got people into trouble in the first place…
If I have to buy something, I try to buy Irish, but I will not spend a cent more than what I need in this current environment. As we have seen recently, ordinary people won’t have a cushion of bailouts to fall back on…
Tuesday 28 June, 2011 at 12:07 pm
I am not spending just for the sake of it. And I am not spending money I don’t have, which is the reason why people are so much in debts now – banks allowed them to spend far more than what they could ever repay, how did they expect to recover the money? I’ll put that extra fiver into my piggy bank and save it for a rainy day, sorry if I am not doing my bit for the economy, but surely no one will bail me out of my negative equity house?