OK, I never gambled away the mortgage payment, or even played games by using the mortgage payment money for something else and then had to scramble to find the money for it. I’ve always had a good credit rating.
But still. For the longest time I never had all that much put by for a rainy day. Stories like this one by Steve Lopez in the May 7 LA Times scare the hell out of me. (Photo from LA Times.)
Lee Sevilla is 71 years old, living in El Segundo, CA, with her dog Sandy. She has a part-time job, draws a little Social Security, and generates a little income from custom print-making.
And she lives in her Dodge Neon because she can’t afford an apartment. (more…)