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If You’re in a Financial Mess, You Might Thank Shopping For It

shopping There are a whole lot of blogs out there. One researcher estimates that there are 175 million of them. I read a bunch of them. What I really look for is someone who says something that really makes me think. I read a blog recently that was a “lightbulb moment” for me.

The young lady whose blog I was reading, a couple of months ago faced a financial crisis – she and her husband have one of those “modern relationship arrangements” – she pays hers; he pays his; they pay the household stuff together. So, when her credit card balance got to be the size of AIG’s bailout, she had to do some negotiating with her DH in terms of how to pay that sucker down because she couldn’t afford the minimum payment any more.

Now, this is all well and good. Her DH was kind, nice and nurturing – he took the credit card away and told her to come up with a plan. He even recognized that she could not go “cold turkey” and she came up with this: She would get $10 a week to spend however she wanted to. This did not include costs like lunches, car fare (what a homey, old fashioned term that is) and so on. This was her “play money” and she could spend it however she wanted to.

Ten dollars. $10.00. This, for a woman whose purchases had produced a credit card balance that required her to make a fairly humiliating appeal to her husband for her own personal bailout. (more…)

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