The Gift of a Crisis

It was the worst day of my life. Not one of the worst days. Not a day where not one thing seems to go right. Worse than that.

Woman in crisis with head down on desk

Worse than any day I’d ever experienced before that day, worse than any day since. And I would say that like most people, I’ve had some real doozies.

I was in crisis, the kind that took my breath away and made me believe I had no hope. My world crashed. 

We were four months behind on our mortgage. All of the credit accounts were maxed to the hilt, and beyond. We had bills on top of bills, collections up the wazoo. We had no money and worse, no jobs. Not one between us. Nothing coming in. I hate to tell you even how much credit-card debt I’d run up and the size of our mortgage and automobile leases. It was really, really bad.

This was not a crisis that developed overnight. It started gradually, of course.

Not many people start out in financial trouble. Neither did I. It happened quite innocently, really.

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How Materialism Leads to Discontentment

I should not have even picked it up. I knew better. After all, what was I expecting from a magazine titled simply, SHOP Etc.? 

I can say with all honesty that before flipping open the magazine, I needed nothing. Not a thing. I was content and quite busy with my work. If anything was tugging at my attention it was my garden and all my planting issues—not a lack of shoes, clothes, and household items. 

Close-up of woman mindlesssly wandering through a catalog creating discontentment

In the space of just a few minutes, everything changed. Just like that, I needed new shoes (Kors, $235), sunglasses in the hot purple shade for summer (Prada, $245) and of course The Cutest Suit (J. Crew, $296).

And once I realized the new must-haves for the kitchen, everything I have now seemed completely unacceptable and hopelessly out of style. I need new Czech goblets (Crate and Barrel, $8.95 each), a stainless steel sink (Kohler, $1,815) and faucet (Essex, $385). Don’t even get me started on all the things I realized I need for my bedroom, patio and living areas. How naïve I was only a few minutes earlier feeling content and quite satisfied with my life. A mere 164 pages later, I was filled with inadequacy and discontentment. 

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WD-40 to the Rescue for Every Problem Around the House

It’s not new. The blue and yellow can is about as familiar as anything I remember from my childhood. Banished to a shelf in the garage, I assumed WD-40 was an automotive thing. Boy, was I wrong! This stuff is amazing. And cheap. Not long ago, I bought an 8-ounce can for $1.71 at Home Depot.

5 cans WD40 in different sizes for specific problems around the house

 

My recommendation is to apply WD-40, let the product do its work then remove it. Some say that a build-up of WD-40 can cause its own sticky mess over time. So here’s the deal: Use it then remove it.

WD-40 is a petroleum-based product (so is Vaseline). WD-40 comes in a tiny 3-oz aerosol can, larger 16-oz. or by the gallon, which you can pour into your own spray bottle. While the aerosol propellant is flammable, the product itself is harmless to humans, according to the manufacturer.

WD-40 gets things unstuck and a lot more. I know. I go through it like it’s water.  But don’t worry. It’s cheap. I once bought an 8-ounce can for $1.71 at Home Depot.

If it’s melted …

Have you ever opened the dryer to find a red crayon has ruined the entire load? The folks at Crayola offer this remedy for fresh heat-set crayon stains:

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Encouragement is One Thing I Need to Keep Going

Encouragement. For me it is a basic need or perhaps a character flaw, I’m not quite sure. All I know is that I need encouragement, and I need it often.

I have a feeling that you do, too.

 

mountain-climber-helping-companion-reach-the-top

 

This matter of learning how to manage money, living below our means, and getting out of debt can be a discouraging proposition at times.

I want to be one of the encouragers in your life—someone you can count on to cheer you on in the good times and help dust you off so you can get up and back on track during the bad times.

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5 Reasons to Give Kids an Allowance

At the foundation of your children’s financial intelligence should be this undeniable truth: It is not the amount of money you have, but what you do with it that matters.

This is true for a child managing a $5-dollar-a-week allowance or a corporate executive with a $5,000-dollar-a-week salary.

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For the better part of my life, I didn’t know this truth. On the contrary, I believed that more money was the answer. I was convinced that if we just made more money, won the lottery, or received some unexpected inheritance, all of our money problems would vanish. But the more we made the worse our problems became. Because I didn’t know how to manage what we had, more would have never been enough. We didn’t save, we didn’t give, we didn’t plan, and we had no idea where all the money went.

Unless your children learn simple, wise money management techniques, more money will never be enough.

The simplest way to get started building financial intelligence into your kids’ minds and hearts is by putting them on an allowance and then requiring them to suffer or enjoy the consequences of their financial decisions.

Here are five good reasons to put kids on an allowance program:

1. Teaches kids about real life

Nothing beats an allowance for a hands-on course in values. Having their own money teaches them about responsibility, consequences, saving and charity.

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16 Ways to Stop Worrying and Start Living the Life You Love

If you’ve ever been in serious debt or are right now you know the feeling that your creditors own you lock, stock and bank account. I’ve been there, I know.

Debt steals your freedom one option at a time until you become its prisoner.

woman-with-debt-worried-about-bills-to-pay

 

Debt keeps you chained to a job you hate. It keeps you stuck in the past, unable to move forward in life. And big debt causes terrible stress that makes it hard to breathe, keeps you awake, spoils relationships and zaps the joy out of living.

It makes sense that if debt steals your options, then repaying debt creates financial freedom. But that’s not necessarily true.


RELATED: The Difference Between Safe Debt and Stupid Debt is Huge


If you spend just the amount you earn, you won’t be living beyond your means or creating new debt to bridge the shortfall, but you will be broke at the end of every month spinning your wheels, living from one paycheck to the next.

The first rule of sound money management is to live below your means—spend less than you earn. This means creating a margin between what you earn and what you spend. The secret to finding financial freedom—freedom from financial worry, fear and want—is in the gap between the amount you earn and what you spend.

The bigger the gap, the more freedom you will enjoy. It’s the money you don’t spend that gives you the freedom to grow your dreams and prepare for the future.

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How to Live Your Life Above Your Circumstances

Her letter was long. Page after page she went on about every aspect of her miserable life.

In between the accounts of her husband’s unemployment and her high blood pressure, this woman managed to weave each and every detail of their broken down cars, leaking roof, busted faucets, ungrateful children, delinquent taxes, nosy neighbors, empty retirement account and unpaid bills.

I’m telling you, by the time I reached the word that for me spelled relief (Sincerely), I was nearly worn out.

Couple-Jumping with Joy above their circumstances

My immediate reaction was a sympathetic, “Oh, you poor thing!” I mean really, the way she carried on I was nearly convinced she was enduring troubles and pressures way beyond the legal limit. Her situation as she described it did appear to be without solution.

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Less Randomly, But Not Quite

light blue random numbers background texture

1. If last week’s Saturday blog stats hold any meaning at all, it appears my readers enjoy a numbered, quick hit list of, well … random things.

 

2. I love to knit. It’s not the least expensive hobby in the world, but I do enjoy a good Yarn Sale. This woman, on the other hand, knits for free—dubious as her sense of style may be.

 

3. People who consistently save 20% of their income can do that because they scrimp on this one thing you probably don’t.

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