It's harder to be frugal when the dollar's sinking

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This blog is co-hosted by two experts on stretching dollars. Karen Datko is a veteran journalist based in Montana who finds the best tips from around the Web. Donna Freedman is a veteran journalist, student, and handywoman in Washington who appears in this video and moderates the MSN Money Smart Spending message board.

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Posted Oct 08 2007, 02:33 PM by Karen Datko

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Filed under: family, Wise Bread, interest rates, gas prices, food prices, exchange rates

Higher gas prices are just one of the difficulties frugal folks will encounter as the dollar loses value. Wise Bread offers insights on what's to come: Importers will feel increasing need to raise consumer prices, a pressure most have so far resisted. At MSN Money, "What the falling dollar means for you" explains the pitfalls (higher prices, interest rates and cost of travel abroad), and the upside (more export opportunities and foreign tourists) of a sinking dollar.

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