Philadelphia, PA (PRWEB) April 06, 2014
On April 2, 2014, Debt Consolidation USA published “Does Frugality Have An Impact In Our Economy”. The article wished to explain how frugality can affect the American economy. Having an economy that relies on consumer spending to determine if it is improving or not, teaching frugality might have a bad effect.
Debt Consolidation USA believes that there may be an effect but it will not be negative. According to the article, frugality is not about restriction. It will not tell consumers to stop spending. It will simply teach consumers to think carefully about where they want to spend their money.
The article revealed that in the eyes of a consumerist society, frugality is all about lesser spending. This is not entirely true. If the consumer is spending more than their income, then yes, a certain amount of spending will be gone. But that is because consumers will be encouraged to avoid debt. The article explained that the true concept of frugal living is all about teaching consumers to take into consideration their priority expenses in light of their limited resources. They have to let go of the expenses that are not important to them. Instead, they will concentrate on what is important so as to avoid overspending.
Debt Consolidation USA explained that a frugal lifestyle will not keep the consumer’s money from being involved in the financial circulation that makes the economy grow. Even if the consumer chooses to put the money in a bank, it is still has a purpose that can affect the overall economy of the country.
The article wished to clarify that although frugality will have an impact, it will be to teach consumers not to overspend and thus limit the debt that they have to take. In the end, that will have a positive effect on the economy of the country.
To find out more about frugality in a consumerist society, click on this link: http://www.debtconsolidationusa.com/personal-finance/frugality-impact-economy.html.
Debt Consolidation USA is a debt relief company that offers debt solutions to consumers in debt. They also advocate for financial literacy and that is seen in the hundreds of articles published on their website. Visit their site for more information about debt, debt relief and personal finance.