Educate Yourself

With the G20 meetings scheduled this week to focus on the global economic crisis, Sandwiched Boomer families continue to be hit by the recession and job losses. If these changes are hitting close to home, here are two tips to help you get started on building flexibility into your family:

Educate yourself about family finances. Get involved with the family budget as you seek out ways to reduce your expenses. Keep track of minor expenditures that can add up, like dinners out, entertainment and credit card interest rate costs. Think outside the box as you educate yourself on new possibilities open to you. They may involve dramatic changes like downsizing your home, selling some possessions or even giving up plans for early retirement.

Expect a husband who has lost his job to have an emotional reaction. It’s normal to feel frustrated, tense, and anxious at this time. But look for signs of more serious emotional changes such as depression, anger, or feelings of worthlessness. Stress can lead to dysfunctional responses like excess drinking, gambling or acting out. Acknowledging the common effects of job loss will help you avoid conflicts over minor issues.

Click on the title above to take you to our website, where we offer you additional articles to help educate you and improve your coping skills. Look at past articles archived in the Nourishing Relationships section and the Newsletter Library section. You are welcome to sign up for our free newsletter, Stepping Stones, on the website. The link above takes you to our article, Seven Ways to Delay Gratification in a Troubled Economy, that gives you further tips.

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