I know some of you have already lost your jobs as the economy reels from the impact of the coronavirus crisis. And many more of you are worried about a job loss or sharply reduced hours.
Hurricanes and tropical storms have been devastating for so many. And heart wrenching for all of us. You know I have always said, People First. Then Money. Then Things.
I recently saw a survey that reported that nearly half of people in a relationship say they argue about money. I was surprised it was not even higher. And money stress is often a major factor in why couples split up.
I was shopping at Costco recently, enjoying the great value as always. While waiting in line to check out I got to chatting with a few young mothers-with babies in tow-who were waiting as well. Me being me I was curious if these women who obviously knew a thing or two about shopping had bought protection for their family.
Sitting down with your children once a month and having them help you pay the family bills is an incredibly valuable life-lesson opportunity that sadly few families use.
It makes me so sad to read reports that many households don’t have even $1,000 set aside to cover an unexpected expense. What’s so sad is that I know that must cause such stress.