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Retailers, consumers and prices

Cut up those credit cards and stop splurging!

Sep 17, 2008 09:24 EDT

creditcard1.jpgAs turmoil rages on Wall Street, ING sent its customers an email message on Tuesday, thanking them for their business and giving them some tips on navigating the tough environment.

The best course of action for our Customers is to be disciplined: avoid splurging; identify and cut out unnecessary expenses and save for what’s essential; and hedge against those tough times.

We can all benefit by developing good spending habits: confront – and cut up – credit cards; use your home as a savings vehicle – not as an ATM; and establish and contribute regularly to an IRA or 401(k).

Given the uncertain climate, have you changed the way you are spending or saving? Are you cutting up your credit cards or cutting out splurges?

(Photo: Reuters)

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