I’m in a financial crisis. I don’t know if “financial crisis” is the right term. But that’s what I want to use. Anyway…
Many businessmen are having financial problems nowadays. Less customer count, less sales from existing customers, bouncing checks, higher employee salary, higher bills…
My brother-in-law has a shop selling shirts and pants on Baclaran. He sells shirts and pants as whole sale, for resellers. I don’t know what happened, but he’s having financial problems. He sometimes ask my husband to lend him money, and in return is a post-dated check. He borrows xxx,xxx.00 from us.
But this time, the check would bounce. My brother-in-law had advised my husband no not deposit the check. After a month, and another month and so on… I ask my husband about the money. He said that he’s brother hasn’t the money yet. I get tired of asking. And I thought that he had already paid us.
Last night, my husband, my baby and my mother-in-law went to my bro-in-law’s to fetch my father-in-law. When they all came home, husband seems annoyed, angry…
My parents-in-law hadn’t went upstairs until my husband went to our room. I later found out that my husband asked his brother about the money. And my mother-in-law scolded him for that. There are some clients who hadn’t paid them yet. And many has no plans of paying. Those clients had already disappeared. I think, summing everything up, there’s more than 1 million Peso of unpaid and would never be paid money to them.
My husband was asking me how much I still have on my account. I only got x,xxx.00 on my account. And x,xxx.00 on PayPal. The x,xxx.00 on my account is originally xx,xxx.00. I withdrew money to buy watches and others to sell. The money I received from the buyers went to my pocket and on the envelope on the table drawer. My salary goes to the envelope too, and xxx.00 to my pocket. Everything on that envelope is for everybody. My husband hands money from the envelope to my mother-in-law, for the everyday necessity. My husband’s pocket money is from the envelope too.
The past month and this month, my husband hadn’t got any income. The past months, I think there’s no income too. This coming month, there should be an xx,xxx.00 but still not sure if his client would still continue with the deal.
I should be upset. And I am upset. But I try to cool down. After my husband told me about the money his brother borrowed from us, and his mother scolded him, I try to stay cool. I am cool. But my husband almost cried. We have bills to pay. He still got xx,xxx.00 on his other account. But after paying all the bills, plus the house rent, we would end up xxx.00!!!
I just told my husband to not ask his brother about the money anymore, so his mother won’t get angry. And if his brother got the money, if he’s a good brother, he would pay us. If he doesn’t, then just don’t argue with them.
I told my husband, that next time, he should tell me and ask me if it’s okay to lend money to his brother or to others. He should!!! Because it’s our money! It’s not because we’re husband and wife. But because xxx,xxx.00 of the money borrowed by his brother is our money as husband and wife, and the other xxx,xxx.00 is my money. I don’t want to lend the money because it’s double the money he used to borrow. But my husband had already told him that he would. Every happened in a snap! My brother-in-law called on my husband’s mobile phone that night that he need that big amount of money. Husband said yes. When my brother-in-law came to pick the check, and give us the post-dated check, my husband asked me to write a check amounting to xxx,xxx.00 for his brother. Everybody was in the living room, my husband, my bro-in-law, my parents-in-law, and me. I can’t say no or even question why. I just go and prepare the check. When everybody was gone, I then ask my husband why.
I also told him that, before he lends money, he should think of his family first. And he should check, if he lend this amount of money, then this amount is the only left on his account, would he have problems if ever the borrower can’t pay at exactly the set date of payment, and would he and his family survive if the money would not be returned.
Right now, after paying the bills, we still have some, about xx,xxx.00. My monthly salary + the money from PayPal – husband’s gasoline – everyday food and others – Ivan’s milk, diaper and others – ang pao (red envelope) – food and others sent to China (sometimes) – etc etc etc… how would we survive?
But I’m still cool, very cool, just like nothing has happened. And I don’t know why I feel like this.
I’m also absent from work today.
I’m also absent from work today. – on next post
ang pao (red envelope)… on next next post
food and others sent to China (sometimes)… on next next next post