Irvine, CA (PRWEB) October 20, 2010
Personal finance blog MoneyNing.com takes a fresh look at saving money in the midst of a stagnant economy in a recent post at http://moneyning.com/.
The recently released minutes of September’s US Federal Reserve Bank meeting are reminiscent of the game little girls play when plucking petals from a daisy while repeating, “He loves me. He loves me not.” Only in this case the back and forth debate is about whether (or not) to release additional funds in an effort to recharge the stagnant economy.
Reuters found the meeting minutes to mean that the “U.S. Federal Reserve Bank officials are divided on whether to do more to support a sluggish economy, boost undesirably low inflation and reduce a stubbornly high jobless rate.” On the other hand CNN interpreted the minutes to mean that “the Federal Reserve will act soon to provide additional support for the economy.”
According to David Ning, founder of MoneyNing.com and regular contributor to USNews.com, it doesn’t matter what the Fed does, personal money management principals remain constant regardless of economic conditions.
A recent MoneyNing.com post entitled Three Hidden Decisions that Destroy Your Budget underscores this truth by taking a closer look at saving money during a stagnant economy and emphasizes that these techniques remain true even in a strong economy.
In fact, the post highlights the importance of developing the habit of weighing purchasing decisions and avoiding impulse buys.
“We forced ourselves to contemplate again and again whether something was really worth our hard earned dollars before we made the purchase,” said MoneyNing.com.
MoneyNing.com went on to say, “Buying quality products isn’t enough. You still have to take care of what you purchase if you want it to last.”
David Ning is an author, advisor and founder of the personal finance blog MoneyNing.com. Since its launch in 2007 MoneyNing.com has helped hundreds of thousands of people understand the principles that are crucial in creating financial security including the importance of saving money and investing wisely.
The comprehensive, no-nonsense money management advice of MoneyNing.com has attracted a monthly readership of 300,000, a growing Facebook fan page, and coverage on various news websites including the NYTimes.com, USNews.com and Time.com.
Subscribers of the personal finance blog receive a weekly newsletter, a copy of David Ning’s frugal living eBook How to Save Money on Everything, and access to a frugal living mini course.
You can read the Three Hidden Decisions that Destroy Your Budget post in full here http://moneyning.com/life-style/3-hidden-decisions-that-destroys-your-budget/.
Or, go to http://moneyning.com/ to subscribe to MoneyNing.com and to learn more about saving money regardless of the state of the economy.
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