Don't Spend More than You Make!

I am an American, and I'm proud to be one.

We've done the best we could over the years to live within our means. I wish I could say we never incurred any credit card debt, but that would be a lie. We did, however, pay them off, and we have lived without any credit cards for many years now.

We're retired, living on Social Security and a pension. And we live within our means. If we don't have it... WE DON'T SPEND IT!

Am I scared by President Obama's threats that not raising the national debt ceiling is going to cause us to stop receiving our SS checks? Frankly, NO!

His constant attempts to portray the "corporate jet owners" and the Republicans as the bad guys just convinces me that those politicians who view increasing taxes as the way to solve all our economic ills don't understand that stifling business will only cause our economy to falter more than it already has.

Printing more money to "solve" the debt crisis only leads to inflation - the cruelest tax of all.

I don't honestly think the Democrats really intend to cut SS, if they can't intimidate the Republicans into caving on their mandate from the American people to cut government spending. It's an empty threat, as far as I'm concerned.

If President Obama and the Democrats have their way - we lose in the form of higher prices on goods we purchase - so it's the Democrats whose "solution" would reduce our SS income, not the Republicans.

I remember when inflation was rampant and all the problems that caused. As a Senior Citizen, I'm praying that our government will work toward paying off the national credit debt and learn to live on what it makes - just the way we have!

Remembering a REAL Recession

It takes living for awhile to get perspective on the recent wild swings of the Stock Market and the Economy. We had two young children and were living in a trailer when the Recession in the early 70's hit. We were a one income family, with few debts, but it was still a difficult time.

I remember that somewhere along in that time frame we tried to get a mortgage to build a new home on our lot, and although we qualified for the mortgage, we could not get the loan ... because mortgage money had literally dried up. Sound familiar? The big difference between now and then was that we were very good credit risks, but we still could not get financing.

God has a way of watching out for us when we really think He's turned his back on us. We were so disappointed in not getting that house, and now I am so glad we didn't. You see it was one of those split level kind where the front foyer has steps leading up or down to the living areas. I have a Movement Disorder. We would be forced to move out of our home if we were living in one that involved using steps every time you wanted to go just about anywhere in the house. But that's easy to see in hindsight, not so easy to accept at the time. And yes, some years later we did build on our lot, and we're still living in our Dirty Butter Estates on Hard Scrabble Hill.

But I digress. What I do remember very distinctly were a few Christmas shopping sprees where my credit was denied at the cash register, because I had charged over my limit. (Back then even going over a dollar was enough to have a purchase denied.) It was embarrassing, and it didn't happen very often, but it did happen.

When our older daughter started using her first credit card some years later we were mortified to find that if she went over her credit line the card companies would just up her limit, or gleefully charge over the limit fees. But they never stopped her from charging anything. And they never seemed to mind how many cards she applied for and got, either. It was like a bottomless well of credit, and she simply thought we were old fuddy duddies for even suggesting that this was not the way it should be.

She's older and wiser now, but has had some life threatening health problems that have her and her husband watching their money very closely now, after lots of health care expenses ran their bills up again. At least this time it's not from the free spending days of her twenties.

So, some people say we are in a recession, and some are even saying we are in the beginnings of another Great Depression. But hubby and I have seen the Savings and Loan implosion from the 70's, the long lines at gas pumps when we were only allowed to even try to get fuel on certain days of the week, interest rates on home mortgages up in the teens, and we've seen the Health South, Enron, dot com bust, and plenty of other scary events in our adult years. And now the current economic "crisis". This situation seems to be a natural consequence of way too casual a view that far too many people, and companies, have had for way too long about the risk of incurring large debts.

I hear and see on TV so much fear about the current problems, and I'm not saying they are not real problems, but what I am trying to say is that we Americans have dealt with bad economies and scary financial times before, and we have gone on to thrive and prosper. We have been burned before by poor choices, and learned from our mistakes, and been better people because of it.

I hope people will look at history, find some perspective on today's news, and breathe a little easier. I know my hubby and I do.

A Tank of Gas

My hubby tells stories of him pooling his change with his buddies on Friday and Saturday nights to put a dollar's worth of gas in his friend Johnny's old car, so they could drive around and hang out together. They would go to Sky Castle's and one of them would order a coke while they sat and talked, and when the waitress would be about to shoo them out, another one of them would order something. It was all like a scene out of Happy Days! That was way back in the 50's, before we met and started dating.

I was reminded of his stories when I saw this in the newspaper the other day:

When I was in high school in the 60's, I could fill up my car with $2 worth of gas. Interestingly, I couldn't afford a tank full of gas back then, either.

So, is gas really all that high even now? I'm not so sure. Our first apartment was $52.50 a month. Our first home cost us $101 a month, and it was all we could do to qualify for the payment. My first teaching job paid a whopping $265 a month, after paying for college to get it. When you put the prices of everything else from way back then in perspective with what those things cost today, gasoline probably is right about where it should be. Not that I like paying $4.00 a gallon, mind you. But considering how much money everything else costs, I think our reaction to gas prices may be more emotional than intellectual.

Any thoughts???

How Can a Teen AFFORD to Date???

When we were dating, way back in the 60's, we often went to a movie in downtown Birmingham. We always got the biggest popcorn bucket they had and ate out of it together. At the time, that seemed so romantic. We still go to movies from time to time, but now we go during the day and get the Senior discount. LOL And we do NOT buy anything from the concession stand!

We went to the movies today at a Rave Theater and really had a good time. It was just too hot to go Estate Sale hunting on our Date Day, so seeing a movie seemed like a "great date" idea. I laughed and laughed, even cried a little, thoroughly enjoying Hairspray.

DH stopped in the restroom before we left, so while I was waiting for him, I started looking at the prices of the concession stand snacks. When we were dating, the boy paid for everything. I don't know if boys do that anymore or not, but I can certainly understand where the change to going Dutch came from. Not only are the tickets to the movie very expensive, but treating a date to popcorn, a large drink, and maybe a candy bar, is downright expensive.

I noticed that the three largest Combo suggestions did NOT have a price on them. After DH listened to my outrage, we started consciously looking to see if the prices were shown anywhere at all. They were not.

By now, the floor manager noticed that we were obviously discussing something in a very upset way, and came to ask if there were a problem. We let him know that we were not at all happy with the lack of prices. The very idea of having a young fellow, eager to impress his date, and she picks one of these combos, without either of them knowing how much it is going to cost? Can't you just see that fellow telling the cashier that he can't afford it, after his date has picked it out? How embarrassing!!

By now, the big boss had come to see what we were all hot and bothered about, and his "reason" for not posting prices on those most expensive choices (he said the most expensive was in the neighborhood of $18.00!) was that they had promotions with different candy companies, so the price varied from time to time. I pointed out to him that the price marquee was electronic, and could be changed at the touch of a button. He then changed the reason to it was a company policy that he had no control over. That's when we asked how to contact the company.

I've complained before to Krystal's headquarters for not having handicap accessible bathrooms in a Birmingham location, and to a large local Realtor, Engel Realty, for not having handicap accessible outside doors on a medical building of all things, so I'm quite willing to complain to the Rave Theaters!

I've written an email to them, offering to post their reply. That should be interesting!

In the meantime, I think our grandson better start saving his money, as he is 13. We were planning to encourage him to start saving some money for his first car. Now, I'm thinking we had better be telling him to save money so he can take a girl to the movies!!

First Home Memories

Things are finally beginning to fall in place around here as far as handling Daddy's affairs are concerned. We finally did get the Death Certificate last week, so we have an appointment Thursday with our niece, the lawyer. Our DD and SIL have been busy already planting flowers and painting and re-doing the front porch up at Daddy's, and hopefully soon the house will really belong to them. They've already talked to the mortgage people, so it's just a matter of getting the legalities taken care of, and the house will be theirs. It's so much fun watching their excitement, and it brings back great memories of our first house, and when we built this one.

I can still remember that wonderful rush when we signed our first mortgage and moved into our first home. We barely qualified for the mortgage back then for a whopping $101.00 a month! Back then they wouldn't take the wife's income into account, because she would probably be quitting to have children. That $101.00 got us a really nice house, too!! Now, I shudder to think what our children must pay for their mortgages.

Used to be, if I wanted a quick idea of how prices have changed with inflation, I could multiply what we paid for something way back when by 5 to get an idea of how expensive it would be now. For instance, for a long time this worked for gasoline, as we paid 29 cents a gallon when we got married in the 60's. That would put it about $1.50 now, if only inflation were involved. Obviously, gas is more than that, but that's the idea anyway. At the rate things are going, I'm going to have to change my estimation to 10 times to come closer to modern prices. After all, Cokes were 10 cents when our children were little!!

Well, I digress. I guess the day will come when DD and SIL will look back on the mortgage they paid for this first home of theirs and be just as amazed at how little it was per month. But right now, it sounds like a fortune, just the way our $101.00 did.

It's so much fun listening to them planning all the improvements and changes they want to make to the house, knowing full well that most of them will stay in the realm of pipe dreams, once the reality of paying for it all hits home. But let them dream ... it's got to be one of the most exciting times of their adult lives, and I'm glad to be able to share even a little bit of their enthusiasm.