Christmas Is Not An Emergency!
In fact some don't pay any bills at all in December. They spend the money to buy useless expensive gifts to impress friends and family. If you wonder, I will just tell: yes I am bias. I am totally against the practice of going broke to preserve the tradition of giving during Christmas time. One year, in March, one of my clients learned of my bias and called me a scrooge and an atheist. I called the lady after receiving a notice of default. I ask her to share with me the reason of the default. She mumbled a few words and finally said: "with the extra expenses of Christmas and all…" This was the first time I used the words: "Christmas is not an emergency; it comes around every year on December the 25th".
She cried and hangs up the phone. She called me back later to discuss possible solutions. I offered to help her on a condition she opens a Christmas account at a local bank. Next Christmas, she is only to spend money in that account and no more. I guess by now you know where I stand: delaying mortgage payment because of Christmas is a bad idea. Opening a Christmas account is good one. Remember Christmas is not an emergency…
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