These 2 had a busy time shopping and spending, what can I say?😁 this week, over at Monday Music Moves Me, it is all about spending because November has all the nuts come out on Black Friday fighting over a toy that will end up in a garage sale 5 years later. Black Friday is the day after American Thanksgiving watching the batshit crazies punch each other out fighting for that stuff we think we want. They keep trying to bring this to Canada, but it doesn’t seem to have the same nuttiness as south of the border. I have been dealing with people in credit issues for over 35 years and have seen numerous reasons why people use credit: Spending; lack of education; job loss; illness; relationship breakdown; addictions; gambling; scammed plus more so let’s go…
1. WE’RE IN THE MONEY SUNG BY GINGER ROGERS-1933
This song was written by Harry Warren with lyrics by Al Durbin for the musical, “ Golddiggers of 1933” where Ginger introduces this song and even sings Pig Latin. I have had many, many clients who are enticed to make a lot of money. The person, on the other end of the phone or internet, tell them they will make a ton of money if they invest in crypto currency. I have had young and old, people on pensions as well as people earning a very good income all succumb to the hope they will make it big. These scammers are experts learning what will lure them in which can be loneliness, wanting to have enough money for the childrens’ education to wanting to make more money. The end result, any money they have saved is gone plus they used their credit line and all their credit cards plus going to finance companies and the horrible payday loans. They end up at our office, either doing a Consumer Proposal ( they pay part of the debt off) or Bankruptcy ( unable to pay any of the debts). FYI- most people who have won it big on the lottery, have lost it all in about 5 years. Sad, but true.
2. BIG SPENDER SUNG BY THE GALS-1966
This song was composed by Cy Coleman and Dorothy Fields for the musical and film, “Sweet Charity” . The dance hall girls which includes the great Chita Rivera entice their patrons with a striptease and it is a great dance number choreographed by Bob Fosse. People can get into financial trouble in all sorts of ways. This was not my client but another counsellor’s and it is still one for the books. This elderly man came in with his wife, of over 40 years, due to his debt of over $25,000. The reason? He spent all this money at the stripjoint. It was not only a surprise that his wife was beside him but that he was…blind! Yup, he was completely blind, not even shadows! I wondered if he took to braille reading to a whole new level. I am certain lap dances abounded.
3. KA-CHING SUNG BY SHANIA TWAIN-2003
I heard this song on other blogger’s posts and knew I had to choose this song because it relates directly to what I deal with every day. Canadians love credit! We use more credit, per capita, than the States and many other countries. It is very normal to see someone with a huge vehicle loan( $950/mth +), a credit line, 6 credit cards, a Finance Co., an overdraft and even a payday loan. I don’t blink an eye seeing $60,000 to $80,000 in debt, not including the secured debt, their car Loan. The one that stays in my memory banks, were a couple that were wanting to consolidate their debts but all the banks and 2 Credit Unions ( not knowing that every time the Banks and Credit Unions looked at their credit report, their score decreased) declined their request. You see, they were up to date with all their credit- they had a credit line plus each had 23 different credit cards. Yup! 23. In Canada, you can have from each bank a regular card, a silver, gold and platinum card. They had 4 cards from each bank plus an American Express, Costco, Canadian Tire, Canadian Tire Gas card, GM Visa, Petro, Esso, Home Depot, Capital One, MBNA, Sears, The Bay..plus more. They made great money but they owed over $150,000 in unsecured debt ( they each had a car loan). I know I didn’t get the real reason they spent the money but I would not rule out gambling.
Bonus…
MONEY, MONEY, MONEY SUNG BY ABBA-1976
I had to put an ABBA song here and it fits. I have seen many women struggle with 3 or 4 children who can hardly make ends meet. They end up going with a man, I believe, for security reasons, to being more money into the household. Unfortunately, many women choose the wrong man who end up abusing them, taking their money and credit, racking up their cards before leaving or the woman, with her kids, leave and must stay at Woman’s Place. So many women, and men, have been dealt a bad hand going with a very bad person who uses them and spits them out. Now, they must look at a Proposal or Bankruptcy because the debts are in their name even though they never used the cards.
Have you known someone who ran into financial trouble? Don’t judge these people because most of them are not like the blind man or the credit card couple but people struggling. People will do what they can to keep their head above water using credit. I have seen people be in great shape one day, suffer a stroke and no longer be able to walk never mind work. Many people who lose big at the casino commit suicide by diving into the gorge in Niagara Falls. It is sad, so don’t judge as most never thought they would end up at my office. Waych this episode from our Canadian TV show that has been on the air for over 50 yrs...












