Tips for avoiding 'cash crisis' are valuable

Having lived in this area for a few months, I want to thank the Bee for helping me connect to the Sandpoint area, past and present. I always look forward to your kudos strip on the front page.

So, I want to say kudos to the Bee for the bold and informative articles on payday loan outlets and the negative impact they have on people's lives who already are in financial trouble.

My husband and I have worked with people for many years through our church leadership in the realm of financial choices and know that this avenue of "help" only leads to more stress and debt.

The wisdom of Proverbs tells us the borrower is servant to the lender. Being a servant to a loan with an APR of 520 percent should not even be a legal choice.

At one time in our society, that kind of interest was not legal, nor considered morally fair. Your last statement of the article was a power house of truth — how can you say you are helping people when you are actually entrapping them into borrowing what they cannot afford to pay back?

Also, your tips to avoid a cash crisis was "cut out, save and pass on" material. For some, it may never be investments or the stock market, but everyone must begin somewhere — a few dollars out of every paycheck, set aside and no touching unless it is a true emergency is a great way to start.

Thank you so much for your timely article for the day in which we live.

JUDY YOUNG

Sandpoint