I am sorry to start on such a sad note, but here is a letter that recently appeared in Michelle Singletary’s column, “The Color of Money”:
My husband and I both lost our jobs, have run through our savings and now face losing our home. I’m worried about celebrating Christmas on a zero budget with young children who do not understand why they will not be getting presents, and not feeling bitter because we both did everything right (our spending and saving habits would have made you proud) and now we have lost everything. It’s hard to start over at 41 and 43, and it may not even be possible.
I’m so sorry about your situation. And it would be easy for me to say suck it up and explain the kids how tough times are. I hope you have reached out to family, friends or any church, religious or community groups you belong to.
Now it not the time to be too prideful to ask for help in at least getting some gifts for the kids.
And as for yourself and your spouse, try to remember that even if you lose the house you still have your family.
Good food for thought. Thank you, Michelle Singletary.
In related news, MSN had an article on how more and more people are walking away from their mortgages. Their homes are underwater, and it doesn’t make sense for them to empty their savings accounts to only face foreclosure later on.
MSN recently doled out 15 tips or “fun and inexpensive ways” for fathers to bond with their children. But I didn’t see why moms couldn’t do these activities, too.
The California chapter of the National Organization for Women (NOW) is suing Hooters for catering to children, according to the San Francisco Chronicle.
What else is in the news? What’s up with you?