Should we save or should we spend?

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Originally Posted by Ramones

I'd like to hear why you think our government is useless? And also you didn't answer my question on why saving is good.
The thread was talking about what should we do, so i replied in most cases about that.
Now i think it's pretty damn impossible to understand what people are likely do, the way i see it, the VAT cut is good, i watch the news, i see that the they are planning on putting it back up to 17.5, not 18.5% in 13 months. I'm not scared about spending money. And i know alot of people including my family who share the same view as me, interest rates falling, taxes falling, people are gonna spend.
And theres been a possibility they may rise it above 17.5% for the past 10 years, but i just can't see it happening

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I never said I thought the government was useless? I said some people find it useless and will naturally not believe what they say for very long.

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Originally Posted by GommeInc

... it seems people are believing the worse from the government, which you can't blame them when some believe the government is utterly useless and deceiptful. It's how some people work.

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And I never said I thought saving was good, I said it's better to spend but some will still save because there's still this doubt factor :/

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Originally Posted by GommeInc

Spend, although I want to save so I can pay off bills and the like each month. So it's a bit of both, but more so on the spending front for me :P

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I even went into suggesting that saving is about as good as spending at the moment, not everyone should spend and not everyone should save, it depends on the individual cases.

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Originally Posted by Ramones

I'd like to hear why you think our government is useless? And also you didn't answer my question on why saving is good.
The thread was talking about what should we do, so i replied in most cases about that.
Now i think it's pretty damn impossible to understand what people are likely do, the way i see it, the VAT cut is good, i watch the news, i see that the they are planning on putting it back up to 17.5, not 18.5% in 13 months. I'm not scared about spending money. And i know alot of people including my family who share the same view as me, interest rates falling, taxes falling, people are gonna spend.
And theres been a possibility they may rise it above 17.5% for the past 10 years, but i just can't see it happening

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well think about it.. its gone up from 8% --> 10% and then it went from 10% to 15% i think then to 17.5 so im expecting it to go up soon anyway.

and as i said, you never know unless plans are leaked again

Spend obv cnt be bothered going thruogh all posts to argue with someone so any post after this i'll argue with you if you want kk.

If you have savings or still earning good money feel free to spend :) but dont go to mad as we dont know how long this situation will last.
If you are living hand to mouth then you must try and save a little because this will affect you people the most the longer this all goes on.

i go one way or the other. Il save up and save up then il suddenly blow it all in like a week. Like now i have £80 ( im only 13 ) but i know im soon gona blow it ... well thats just me i guess :rolleyes:

Eventually Britain may become bankrupt, which means the pound will be worthless anyway because of inflation.

So yeah I say we should spend.