The July 2014 issue of The Best You, a magazine from London, featured an article that I wrote: “Don’t Lose Financial Autonomy”.
My article begins with this story:
One husband started a small engine business after his wife got fired from her job. Even though the household income was less than before, this did not change their spending habits.
The wife’s lavish spending patterns soon put them tens of thousands of dollars into the hole. She asked for money from others and borrowed money from her children on many occasions to pay the bills. The wife hid these bills from her husband. She would always sneak out to get the mail every day.
One of their sons began to be suspect that something was not quite right. One day, he went out to get the mail and found some credit card bills. He confronted his mom about it, but she swore him—a 13-year-old boy—to secrecy!