I was reading the newspaper today when I came across an article which wrote about continuous spending by the public, in order to avert a recessionary situation in our country. Many people might think that this suggestion is ludicrous but being an economic student, I remember studying the Keynesian Theory.
This is extracted from Wikipedia and I quote " To Keynes, excessive saving, i.e. saving beyond planned investment, was a serious problem, encouraging recession or even depression. Excessive saving results if investment falls, perhaps due to falling consumer demand, over-investment in earlier years, or pessimistic business expectations, and if saving does not immediately fall in step, the economy would decline."
As I was reading the article, it brought to mind something which I was given the other day as I was doing my grocery shopping. I do believe it was at Cold Storage, Ikano. This very nice cashier gave me this thick magazine (more than 1 cm in thickness) which looked something like the catalog Ikea used to give. As I had a fair amount of stuff to carry, I didn't really get a chance to look at the magazine. I just kept it together with my pile of magazines to be checked out later on when I am free.
The magazine turned out to be a book of savings vouchers. Wow.. the last time I saw one of these must be when I was studying in Australia. These vouchers really helped a lot, especially when you are a poor student with limited funds.
They have vouchers for Hardware, Car Accessories.. to Groceries to Baby Needs. Have a look at the list.
These vouchers are valid from the 1st of January 2009 until the 28th February 2009. I am not sure if you can still pick it up at the Cashier at Cold Storage or Giant. If anybody want some of the vouchers, do let me know.