My wife and I been doing our part as responsible citizens. We save and we also invest. We don't buy things we can't afford. Excluding the mortgage, we have no debt, which, really isn't considered a debt but more of a loan. Yet, financially, things are a mess and I believe it's due to not enough invisible hands doing their part. Yes, the invisible hand can have negative effects too - if people continually live beyond their means and spend spend spend on things they don't need or can't afford. And, what worries me most, is that those of us today who save and invest and manage our finances wisely, will end up, in about 20 years, subsidizing those who aren't planning for their future. If it sounds like I am lecturing, it's because I am. I know that we are doing things right. Maybe people laugh at us when they see that we don't have a new car or maybe they laugh because our house isn't as big as theirs. But I sleep at night knowing that my bills are paid and that we'll have the house paid off in ten years and that we don't live paycheck to paycheck and, not to boast, an impressive credit score. Oh, we still are concerned with money, don't get me wrong, but we set limits and bounds and budgets and work within them.

My wife and I firmly believe that "it's not what you make, it's what you don't spend."

Is this current meltdown solely due to malfeasance of the consumer; no, but, maybe these failed companies should have had bounds and limits that were a little more strict. Nonetheless, if people don't pay what they promised to pay, no matter how established or big the lender is, things will go wrong.

Hopefully, those who manage such financial institutions will learn from these mistakes. Hopefully, those who've overextended themselves will learn, too. Of course, many people suffer foreclosure through no fault of their own; they just hit a bad stretch. Bad things do happen to good people too but that's life. I've had my share of financial hardship but I dug myself out without bankruptcy or government assistance and if I can do it, anyone can.

Yes, the economy has seen better times, but it also has seen worse times. Rising prices at the pump and grocery store affect us too. But with years of training and disciplined money management, we are dealing with it. Yes, I still worry that things may go wrong and we end up in dire straights but I feel with how we conditioned ourselves, we'll be able to handle it. Parsimony isn't hard if you try.

In every society, there are people who have hardship due to needs. However, it seems that in the U.S. there are way too many people whose wants are the primary reason for hardship. This more inimical to society than those whose needs are to due to legitimate hardship.

It also concerns me that those who manage our money seem to be incompetent and reckless - whether it's government or business - and, of course, it's the frugal and responsible citizen who gets the bill when things hit the fan.

Many businesses are really beginning to irk me with their carelessness - whether it's irresponsible lending practices or farming out their manufacturing with no regards to quality control or consumer safety or contracting out customer service with the sole intent to discourage anyone from ever calling customer service - often to complain about a shoddy product or an arcane fee on some service. But, this is a topic for another day. I am rather displeased with the many once proud businesses seem to have abandoned principles and practices that had made them strong.

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