When you start sounding like your parents you know that you are aging. On saving for a rainy day, however, I think my parents were right. They always believed in "pay as you go" and "if you can't afford it, don't buy it." While this sounds archaic in the age of easy credit, in times like these I know they were right. This all is layered for me on a question I was asked yesterday, "how much do you need for retirement." I really don't know--few of us do. So our assignment for Monday is to understand better how this recession will affect not only us but our community. Further, we all need to prepare for what might be a long economic downturn ahead. There are wonderful tools for all of this available to us. Learn more about saving, planning for retirement, and helping our children learn about money. If nothing else, we will sleep better!