I am guilty of this, I am afraid, although have a handle on it right now. I know how tempting it is to spend, spend, spend, when you have hundreds of ads on TV and the INTERNET, inviting you to buy beyond your means. The secret is to stay grounded. It is oh so tough to do so.

My parents were good examples for saving and spending within your means, but I must confess, from time to time, I go in to debt. I think the marketing techniques used today, to spend, are quite convincing. Many people get sucked in to the abyss.

I don't have much hope for many of the folks in debt up to their eyeballs. I suspect they will go bankrupt, personally, eventually. But can half of society go bankrupt? Maybe I have the wrong attitude, but I think there are many people living on the edge and will not make it through this economic hard times, in one piece. I have bad feelings about our future, money wise.