In this issue
April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Oct. 10, 2008 / 11 Tishrei 5769

Main Street Offers Fiscal Lessons

By Lori Borgman

Lori Borgman
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http://www.JewishWorldReview.com | Lessons in personal finance often come from unexpected places, Washington, D.C., obviously, not being one of them.

A favorite picture of my mother shows her standing on a barren snow-covered prairie. The snow is so deep and has drifted so high it nearly touches the sloping roofline of a barn in the background.

My mother is all of 20 and has on a stylish A-line coat with a double row of buttons and an oversized collar. She's standing in the snow wearing heels, bare legs protruding beneath the hemline of the coat, and bare hands sticking out from the sleeves.

My father explained that in their first year of marriage they thought they should both have a new coat. So they bought coats. But they didn't have enough money left over for boots and gloves.

"What did you do?" I asked.

"This!" he said laughing, pointing at the picture. "We went without!"

Lesson No. 1: If you can't afford it, you can't buy it.

Many economists have been saying that the U.S. population has been going through an era of "luxury fever." We finance our consumption by reducing savings and increasing debt. We see, we want, we buy — usually with plastic.

A second lesson in money came from the husband, who is a bean counter, not by trade, but by nature. During our first several years of marriage, he suggested we keep a ledger of every penny we spent. Star-crossed and giddy girl that I was, I agreed. We tracked every last dime: rent, clothes, utilities, gasoline, oil changes, parking meters, vending machines, movies and eating out.

Having come across that ledger in recent years, I gasp at how often we ate out. It seems rash now, but at the time we were both making good money, both working more than 50 hours a week and one of us usually had a salad, so it wasn't all that expensive. Each year we knew exactly how much we'd spent in some 19 categories.

Lesson No. 2: Know where your money goes.

A third sound lesson came from Uncle Bob. Every family should have an Uncle Bob — charming, witty and razor sharp. Uncle Bob likes to further his graduate studies in probabilities, as he puts it, often laboring long into the night at establishments in Las Vegas or New Orleans.

Several years ago, unknown to the husband and myself, one of the kids sent Uncle Bob a 10 dollar bill, requesting he play it on her behalf at the Black Jack table. Uncle Bob responded that he would not take the 10 to Vegas, but he personally doubled the kid's money, giving her a 100 percent return. (He also said it was a one-time offer, not valid for her siblings who might also try to cash in on the deal.)

Uncle Bob then delivered Lesson No. 3: Young people shouldn't gamble — and that there is no return like the guaranteed return on compounded interest.

From a picture, a ledger and a gambler — some of the most sound financial advice on Main Street.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR contributor Lori Borgman is the author of , most recently, "Pass the Faith, Please" (Click HERE to purchase. Sales help fund JWR.) and I Was a Better Mother Before I Had Kids To comment, please click here. To visit her website click here.


© 2008, Lori Borgman