Our Own Accounts

By now, we all know some corporations have been too imaginative in stating their finances. Let’s not forget, though, that consumers often engage in their own creative accounting when figuring out what they can and can’t afford. Moreover, when people assess their financial condition, they aren’t necessarily calculating it based on a standard fiscal year. Rather, they may be comparing their condition today with how things were when they got married six years ago, took a new job in 1999 or moved from Pocatello last June.