BeamaLife Blog

There’s an old saying that goes, “there are two kinds of people in the world: those that divide the world into two types of people, and those that don’t.”  You have to love the logic of Aristotle, even when it sounds funny, like that old saying does.  But a recent Gallup poll did divide people into two groups – which one are you in?

The question the Gallup pollsters asked Americans what this:  which do you enjoy more, spending money, or saving money?  In years past, the numbers have always been very consistent, and nearly equal, with those who said they like to save money just a bit ahead of those who like to spend it.  But that’s all turning around now.

In this year’s survey, the overwhelming majority (59%) said they enjoyed saving money more.  Just 37% said they enjoyed spending money more.  And if you’re a member of the group of people that like to do math in their heads, congratulations!  You just figured out that 4% of the survey respondents had no opinion.  Don’t take any financial advice from these people…

The survey found that, regardless of income level, the numbers broke down along almost identical lines.  So from the working poor to the super rich, the different isn’t about how much money you have, it’s about your mindset.  And I’m sure that most people would agree that this is a very positive trend.

Now, I know that there’s a big difference between what we intend to do and what we actually do.  I know plenty of peoples who are always planning to lose weight, or to start living on a budget, or to get and advanced degree.  They just never get around to taking that first step.  But with spending, for many people, the first step was taken for them when the stock market crashed and real estate values dropped and layoffs began.

We’ve learned, and are still learning, a hard economic lesson.  Let’s keep this trend going!  Whichever group you’re in – the spenders, or the savers – if you haven’t taken a look at your finances recently, do it today because its black Friday.

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