The Color of Money Question for the Week: How do you avoid overspending during the holidays? Send your comments to email@example.com. Put “Guilty Gift Giving” in the subject line. Please include your name, city and state.
Sugar Mama Money
Speaking of giving too much …
I’m continually shocked at the money that women give to guys they are dating. One woman wrote to me asking for help after she took out a loan from her 401 (k) plan and gave the cash to her boyfriend. He then skipped out, leaving her with the loan to repay.
So, when I read “The Trouble With Being A Sugar Mama” on The Washington Post’s Root.com by Janelle Harris (blogging for Clutch magazine), I could only shake my head again.
Harris said her mama warned her “that trying to keep a guy content with material things and all kinds of special favors was only going to leave me broke, busted and disgusted.
“Matter of fact, the holidays are about to be winning season for plenty of Diontays out there,” Harris wrote. “But inasmuch as we give of ourselves and our checking accounts, we need to look out for number one.”
Ladies and gentlemen, it’s still true that you can’t buy love.
A recent survey by workplace psychology specialist Michelle McQuaid found that employees prefer a better boss to a bigger bonus.
So, I asked you last week: “Which would you prefer?” Here are some responses:
“I definitely would prefer a better boss over a higher salary,” said Susan Dickson from Montgomery, Ala. “Who can enjoy going to a job, no matter what it pays, in which your boss is incompetent or treats you like dirt? Years ago I had a boss who was absolutely wonderful, one of the best supervisors I ever had. My job did not pay much, but when I was ready to move on, he gave me a wonderful recommendation which put me in a new job that paid $10,000 more.”
Nan Terry of Fort Worth, Tex., simply said, “I would take a better boss over money.”
“As one who has had cartoon-like evil bosses in the past, I can honestly say I’d prefer lower pay if it meant I had a boss that was decent and respectful,” said Lorna Gilkey of Alexandria. “The intensely high stress of dealing with a boss or company that treats you in a demoralizing and disrespectful manner means more stress, health-related problems and absenteeism. Less pay is difficult to deal with, but when you feel content, valued and appreciated during the day, then you are able to go home with a positive attitude (which promotes happier families), that makes the lower pay worthwhile.”
Tia Lewis contributed to this report.
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