The Daily Item, Sunbury, PA


February 25, 2013

The Color of Money: Stuff gets in the way


     "Over the course of my life I have come to realize that none of us are immune from our share of shortcomings and human frailties," he said. "Still, I offer no excuses for my conduct and I fully accept my responsibility for the improper decisions and mistakes I have made."

     Dan Webb and Tom Kirsch, attorneys for Sandra Jackson, issued the following statement: "Ms. Jackson has accepted responsibility for her conduct, is deeply sorry for her actions, and looks forward to putting this matter behind her and her family."

     There's a lesson in the downfall of the Jacksons that none of us should miss. It's important to recognize when you have real net worth that allows you to buy extravagant stuff and when you're living beyond your means. Before you pass judgment on the Jacksons, think about the mess you might have made of your finances or the financial follies of people you know. It might not be a crime to get what you want (not what you need), but acting as if you are rich without being able to afford it can ruin your life.

   Readers can write to Michelle Singletary c/o The Washington Post, 1150 15th St., N.W., Washington, D.C. 20071. Her email address is Comments and questions are welcome, but due to the volume of mail, personal responses may not be possible. Please also note comments or questions may be used in a future column, with the writer's name, unless a specific request to do otherwise is indicated.

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