Wednesday, October 15, 2008

The economy

Last week I attended a 'spa night' organized by my local PTA group. It is an annual outing where we all meet up at a local spa and enjoy food and drinks along with a manicure or massage. This year's outing, however, was much smaller than past years. Not even half of the appointments were filled and the evening ended much earlier than usual. My guess is that many of the regular attendees are cutting back on spending, and a 'spa night' doesn't make the cut.

Many families are watching their finances as they are facing our unstable economy. Rising gas and food prices, coupled with lost investments in the stock market are requiring many to re-evaluate their financial situation. Which of course includes decisions relating to work and income.

Tonight I spoke at a local PTA meeting and the theme of financial need ran through my discussion with the group. A year or two ago, the discussion on whether or not to work focused on feelings about spending time with your kids and personal beliefs about child rearing. But, it seems when money is tight, finances are the main concern when making the decision on 'to work or not work.'

I would like to see more people consider both their personal beliefs and their financial needs in making decisions about work. You can pursue work that provides you with the financial support you need. But, you can do so while thinking about how you want to raise your family. The two are not mutually exclusive.