Household Budget: What Are You Cutting Back On?

I recently read a story on CNN Money about what consumers are cutting back on in terms of household budget. It was a look at what people say they are willing to decrease their spending on when it comes to consumer items. Interestingly, though, it appears that Americans are trying to maintain their creature comforts. Quality of life is something that Americans are trying not to sacrifice at this time.
Some of the interesting findings by the survey done by GfK Roper Consulting include:

50% of Americans plan to buy a new TV in the next year (flat panel or high definition). …read more