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| There have been a number of posts debating whether one parent (well, CH mentakity means the mother) should be at home with the kids.
Not many posts have touched the finances of having one parent at home.
She is an outspoken critic of America's credit economy. | |
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4hrs of sleep and a bit brain fuzzy from being immediately beset with allergies this morning (happy spring ya'll!) has left me without patience to watch an hour long lecture on economics...
Meanwhile, I'm not quite sure the reasoning of posting a lecture regarding taxes, credit and bankruptcy among the middle class in America has to do with Switzerland...?
Anyhow... I'm thinking that folks living on credit (which means most if not all of "middle class America"), no matter whether they have one or two incomes, are destined for trouble at some point.
When I was 25 and someone would tell me they cut up their credit cards and are living within their true means, I thought they were nuts. Now that I am 40 and had decided to do the same thing in my early 30s, I offer the (perhaps somewhat "self righteous") advice that that really is the way to go.
Even if my hubby and I struggle with having "things" and have to save in advance of taking vacations, I really am in love with the idea of NOT being completely destroyed if (when) something happens and a lesser-paying job is the only thing possible.
Life is quite a bit more free if you don't have a mountain of debt hanging over your head.