Frustrated Givers and Receivers

The Ask Amy column recently addressed an interesting issue about giving that can cause major drama -- and not just during the holiday season.

A woman wrote about her frustration in giving to people who may not be deserving of her generosity. She wrote: "How (and where?) do I give when too often I believe people simply live the consequences of their poor choices? I want to have a kind heart toward people in need, but it's been hardened over the years." Perhaps some of you feel the same, see what Amy says.

But it's not just givers that can act ugly or sanctimonious. How do you react when you don't get what you want for Christmas? (And I'm not talking about how you acted when you were 6 years old.)

Do you brood when your husband buys the wrong thing? Are you critical if you don't get a "good" gift from someone who you think is well-off and therefore can "afford" to give better? The latter sentiment I hear quite often.

I'm at a loss to all the drama around giving and receiving. If we all really got what we deserve, there would be a run up on lumps of coal.

Today's Chat

Wonder why you can't save? Or are you a miser who never saw a penny you didn't want to hoard?

If so, my chat today provided some insight into why you handle your money the way you do. My guests were Ted and Brad Klontz and Rick Kahler, authors of "The Financial Wisdom of Ebenezer Scrooge: 5 Principles to Transform Your Relationship With Money." The book was my pick for the December Color of Money Book Club. If you missed the chat, be sure to read the transcript and see why I thought the book is worth reading.

I Promise to . . .

As the New Year comes to a close, you might be considering making some resolutions. And chances are one may be a vow to get your financial life straight in 2008.

You won't be alone. A survey commissioned by Countrywide Bank found come January 2008, instead of hitting the gym to get in shape, more people plan on getting financially fit. Sixty-seven percent said tackling their financial issues is a top resolution.

That was the same promise four people took at the beginning of 2007. One couple wanted get out of debt and save more. A recent graduate wanted to eliminate her credit card debt and save for a house. And, a single woman wanted to finally be rid of her $4,500 credit card debt. This coming Sunday I reveal who succeeded in keeping their New Year's resolutions. It's the final installment of the 2007 New Year's Color of Money Challenge.