KB Toys Files for Bankruptcy

Filed under: Work Life, In The News

teddy bearA toy store declaring bankruptcy just two weeks before Christmas? I only wish it was a sign that Santa was assigning the elves too much overtime.

Instead, when KB Toys declared bankruptcy last Thursday, it was a clear signal that people just aren't spending ... not even during the time of year when people are most comfortable partying with their hard won dollars.

Everyone seems to be cutting back this holiday season. It's a catch-22; buying less hurt retailers, but we have to protect our own financial security as well. If you're spending less this December, are you making less seem like more, or are you taking the opportunity to teach a valuable lesson in consumerism?

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AdviceMama Says:
Start by teaching him that it is safe to do so.