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My wife and I have always been fiscally conservative and have been consisently saving since we married 5 years ago.  I have always felt that having a regular savings gives my finances a buffer and resiliency in hard times.  I think starting to save when the economy goes bad is not good...it's too late!  I feel governments should do the same.   At both the personal and government level, I think Americans have just exhausted all credit and stretched finances to the max that there is no resiliency in the system, so when a few companies fail, the whole system is affected.  Isn't it up to each individual and the society as a whole to start building a buffer, especially in good times?  Because my wife and I have been saving, in the past year, we have spent more than ever before on appliances and home remodeling. We are still doing very well and our life style has not needed to change much and we feel a sense of security despite all that is going on.  I am Chinese and my wife is caucasian, but we share similar financial views.

posted 3 years, 10 months ago
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