I think although we are experiencing an unprecedented job crisis in our economy, I do believe we've been here before. The exception is a lotta us live beyond our means-even though prices to survive are high. However, I remember how my parents strategized the family budget and instead of going outside the rim of their financial abilties, cut corners and did a lot of things themselves. We don't do that anymore. A lotta of us depend on fast foods to feed our families-don't cook as we used to, have outrageous cleaner bills-when we can clean our clothes ourselves-have unnecessary gadgets when we really don't need them-I mean simple things that you don't think about that can save you HUGE amount of money. When we were little, we got three pairs of shoes a semester(every three month): school shoes, tennis shoes and church shoes...if you mess that up, you were outta luck until next semester..so that's like 6 pairs of shoes a year. Kids today? They want their parents to pay over a $100 each for a pair of shoes....and they want more than merely one pair. How ridiculous is that? And more ridiculous are the parents struggling trying to get 'em instead trying to struggle to pay for rent/mortgage/utiliies/food. So the question emerges: Where are the priorities? And the most important question: What are you teaching children about money? Cuz many folks have this "slave" mentality towards money. Why?
I mean I know things are tight and jobs are hard to find but if you have the tools to weather the storm, you can manage your way through it. But a lotta times, people don't have money sense and their interest is more about impressing others or having it right now than staying within their financial envelope and saving up for what we want. And that's where a folks get into money trouble. Saving money is false negative to many of us. And the thing is the economy is ALWAYS gonna go up and down....that's just life. You never gonna know exactly what finanical position you're gonna be in until it happens....however, if you prepare consistently and have backup plans when things are good and put a "penny" aside whenever you can....this pattern of protection will help through those lean times. But! I know! I know! This newbie generation is different....they want it now, are arrogant about how to get it and continue to spend money like water....especially when they have no jobs and some really aint looking-living with family or friends. The motiviation just isn't there. Cuz the problem really is how one sees money.
And the solution is how to change the perception of money which can ensure total control over financial life. One way is to ask yourself: does it matter if that dress cost $25 or $325? Does it matter if you have prepaid phones for your kids or a really expensive family plan one that rates seem to go up every month? Isn't the goal for having phones in the first place is to be able to keep in contact as oppose to having the most fancy expensive piece of sensitive junk folks will be impressed with? I mean come on people. We are smart and if those on the other half of the world can manage to barely survive on $5 a month....what the hell are we doing...when in poverty here indicates we have much more than $5 a month? Let's be real. Yes this country is having a hard time but it will get better. Always does. Everything in life cyclist. But many of us really need to change our behavior or rearrange our attitude towards money. We have to. Having said all that, I really feel that we are NOT as helpless as we project to ourselves. We have a lotta money power. As a matter blackfolks are a billion dollar or more consumer base entity. But I think many of us have become just LAZY about money monitoring/management and don't want to do the things to mitigate our financial circumstances. Cuz we or should I say this generation have been GIVEN tooooooo much in the last 20 years or so thus evolving into a spend crazy group and now they really don't know or have a clue how to FEND for themselves during financial crisis situations. And that to me is what is THREATENING our democracy. That right there. Cuz this won't be the last financial mishap this country will experience. Oh noooooo. You're only fooling yourself if you think that. But!