Comments on: Sony Exec: Don’t worry, buy happy Where media and technology meet Wed, 16 Nov 2016 08:48:25 +0000 hourly 1 By: krishnarjun rao Mon, 24 Nov 2008 13:02:16 +0000 Yes, it is always better to save first and spend later on the required items. Main advantages in this method will be
1. people learn to save
2. people come out of instant gratification
3. some items prices will come down with time

By: Ray Sat, 22 Nov 2008 21:21:19 +0000 I don’t know who “we” is in the sentence about spending our way out of the economic meltdown because there are bargains to be had.
This is an instant gratification society and that’s one of our problems. I grew up in a time when except for really big ticket items – house or car – most people saved until they could go to the store and buy what they really wanted. That of course, saved them a ton of money over the long haul. But now, people want it INSTANTLY, borrow money to buy it and then when the new wears off, many times they wonder why they wanted it. So it’s not a bad thing to save for a purchase. You can save lots of dollars when you decide you really didn’t want that trinket.
Naturally, if people got back in that habit, credit rates would come down, people would save money, opt out of some purchases and our economy would probably crash. It’s the consumer that supports 2/3 of this economic monstrosity.