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Carol and her husband, Scott, have a nice home and a 14-month-old daughter. Although Carol, a stay-at-home mom, says they live a comfortable life, she starts to worry whenever money crosses her mind. "I feel like we have nothing. We don't have a 401(k) or IRA. We don't have any savings. We don't have wills or even a college fund for our daughter," she says.

While Carol says she eats peanut butter and jelly sandwiches to save money, she says Scott goes out for lunch every day. "We have spent $35,000 in the last 10 months on things we didn't need," she says. "I cannot convince my husband for all the world that he needs to stop spending like a lunatic."

Carol says the stress is starting to take a toll on her—and her marriage. "I don't want to be a statistic. I love my husband, but I can't keep living this way," she says.
FROM: Best Life Week: Your Money Plan 2009
Published on January 22, 2009
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.


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