Wallet Watch: Saving to Save Your Sanity
By Annette Newell
Wednesday, August 13, 2008
The Great Depression drove millions to desperation, and economists say, our country is suffering its hardest times since then. In tonight’s wallet watch: prices are going up, and losing a home is one of the most devastating losses anyone can experience. But taking steps to save money now, could also help you save your sanity. The largest employee assistance program in the U.S., says requests for therapists jumped 20 percent in the last three months. They tell clients they won’t feel as helpless if they have a plan of action, for saving money or refinancing a loan. And make children part of the conversation. Dr. Alan Hilfer, a Psychologist, says, “To not talk about it not only leaves them out of it but gives them a sense of unexpressed anxiety.” Leslie Lerner, a mother of two, tells how she involves her children, “I do explain to her we need to buy you essentials first and then worry about if there’s anything left over to buy extras.” Doctors say the biggest mistake is trying to shoulder the burden alone.
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