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Fear for the poor planners

January 25th, 2012 at 06:53 am

I talked to my mom this morning and found out that my brother will be unemployed in three weeks. He's a partner is a small law firm and while there's a contract in place, he won't be receiving much/if any compensation. He's lived high on the hog in many years past, but this working for himself has brought in not nearly enough money in the past. I feel sorry for him that he is a poor planner. Of course my father won't let him lose his house (nor would my father let me lose my house if I were in a similar situation), but I'm worried about how much stress this will cause him. As small as my EF is, it is at least in existence and could cover bare bones living expenses for four months. And I have plans, versions A and B, for different scenarios. I'm hoping that he's able to land on his feet soon and I'm going to look through my coupons to see about helping him build a small stockpile of convenience foods (spaghettio's and cereal).

Hopefully the lesson taken away from this situation is "It is best to put something away for a rainy day." You never know when it will rain!

5 Responses to “Fear for the poor planners”

  1. NJDebbie Says:

    Laura, I use the bible story of Joseph in the Old Testament and how interpreted the pharaoh's dream of the seven skinny cows and the seven fat cows to take of my finances. As of right now we are blessed to have great income but it's up to us to be good steward of the blessings bestowed upon us. Besides life is so unpredictable; I would hate to be caught off guard. Your brother is blessed to have a father who can most likely help him make his mortgage payments. I cannot say the same for me, I would not be able to count on anybody to help me out. You are a great sister for trying to find ways to help your brother.

  2. My English Castle Says:

    Ouch. I've been hearing a lot about sibling support lately. One of my dear friends has her 58-year-old brother living with her now since he's lost his condo, his business, and most of his income.

    I think of Shakespeare with the rainy day fund:" For the rain it raineth every day."

    Best wishes to him and his family

  3. laura Says:

    Amen, Debbie! "Good stewards of our blessing" was a recurrent theme of the 7 Steps to Financial Freedom seminar DH and I attended at our church. It helped to move towards the giving from the first fruits of the harvest, rather than the dreges. I see a whole lot of lack of fiscal responsibility by the two singles closest to me (my brother and best friend). Both seem to live in the present and indulge their whims. I've been guilty of being a hoarder of money for fear that if I needed it, it wouldn't be enough. I've found that having a plan and being prudent has brought me reasonable piece of mind, and when I feel that I'm being irresponsible, I can reign in the spending.

    Thankfully it is only him, no family that he needs to be support. I can only hope to pass on some groceries to him and maybe an odd $10 Target gift card or two. B

  4. MonkeyMama Says:

    Lots of "non planners" in pretty dire straits these days. I could go on and on about friends and relatives.

    We are always willing to provide food and shelter, though frankly I will be rolling my eyes if it comes to that, with some of them. But, I don't want my loved ones in the street, either. So might have to set my eye rolling aside, and help. But I know enough not to give one cent to any of these people.

  5. dmontngrey Says:

    Oh boy, it's no secret I am dealing with similar stuff these days with my own mother! It's not like I didn't tell her... and tell her... and tell her... I sure didn't see Hurricane Irene coming into our lives and scrambling things up. She spends so much time MAD at me that she has no money - even though it's entirely her fault. I wouldn't let her go without meds or food, but her and her live in BF need to figure things out for the most part. They got themselves into this mess and STILL live beyond their means. I'm not bankrupting myself over their stupidity.

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