Category: Economics

“And then there were the wife bonuses”

If one party in a relationship earns a paycheck, and the other doesn’t, how should financial decisions be made? When should either party need to consult the other, and when is that not necessary? There are answers in the real world, and then there are answers, according to a recent essay in the New York Times, in the rarefied world of the Upper East Side of Manh… read more »

Money lesson 3: Money is a tool to build the life you want

I come from a long line of frugal people. Family lore says that, as a kid, I was asked what “expensive” meant. I said “it costs a lot of money.” I was asked what “cheap” meant. The answer? “We can buy it!” In general, being thrifty is a good thing. But one of my major money discoveries — money lesson three during this week of money lessons for… read more »

My writing life: playing the long game

I’m working on my taxes this week. As usual, this triggers reflections on my finances, and hence my career. I had business income from 20 different sources this year. I do think it’s important to have multiple sources of income, though 20 starts to seem scattered. In my defense, some of this is the result of building a speaking career. It might be more effic… read more »

Reader question: Pay off debt or keep the cleaning service?

Today’s reader question has to do with both money and time. The reader, who works full-time and has two young daughters, explains the situation like this: “The woman who used to clean our house has moved on to a new job and now we are without. We are also in the process of paying off our debt, which was scheduled to be paid off in 18 months. I was thinking that per… read more »

How to keep the treadmill from becoming a very expensive clothes rack

Many people would like to be in better shape. Come New Year’s, gyms see an influx of new members. The problem? Many stop showing up by February 24. Likewise, exercise equipment dealers do a brisk business in December/January. But it’s practically a cliche that the treadmill will eventually become a place to hang clothes. If not that, at least it will be an… read more »