Friday, March 14, 2008

The New Austerity?

Time Magazine finally seeing the light? LOL Frugality is gonna be "cool"!

Last three paragraphs:

Several polls have shown that large majorities are planning to use the tax rebate coming later this year to pay off debt rather than buy new stuff. Beyond that, evidence of a major attitude change is still sparse.

"People are more aware than they were two years ago," says get-out-of-debt guru Dave Ramsey of the callers to his radio show, which airs on 350 stations around the country. "I don't know if they're doing anything about it."

Ramsey, who also has written a couple of best-selling advice books and is a regular on the new Fox Business Network, does allow himself to dream. "It's like a whole generation woke up one morning and realized that cigarettes kill you," he muses. "Maybe a whole generation will wake up and realize that collecting points on your Discover card doesn't make you rich."

And, a Dave Ramsey plug to boot! Perfect!


Anonymous said...

Gotta love that Dave Ramsey. My brother and his wife are recent Ramsey converts. I was excited for them!

Anyway, if you have time, I've tagged you for a quick meme.

Kathy D.

Lisa said...

We're just trend setters, my dear! LOL!!! How funny that you got John Locke for your LOST character! He's only recently become not so nice, so there's hope!! Ha!

Have a blessed weekend!

Put me down for 127 minutes for the week!

Unashamed said...

Our grandparents thought frugality was "cool". That's just the way they lived. They wouldn't have dreamed of buying things on credit, they waited until they had saved for what they needed. Perhaps the pendulum is swinging back.