Our latest reader story of fiscal conservatism in the face of uncertainty comes from an African American woman in Birmingham, Alabama:
I was born in January of 1973 out of wedlock to a single mother who already had two older kids. My mother and father were surprisingly cordial to each other all my life until they passed in 2008. Neither had a high school diploma, but my father was a very smart man. My father took financial responsibility for me but not my two half sibling, so basically my mother struggled all her days to make ends meet.
I lived with my mother in public housing (ghetto) in the state of Alabama. She was a CNA [certified nursing assistant] and we lived paycheck to paycheck. If she was able to save any money, an emergency would come along to gobble it up.
One of the emergencies that has stuck in my head for 30 years and set me on my current path was a flat tire.