In our culture, we have a lot of sayings about money. For instance, "more money, more problems." The idea is that money just invites more woe into one's life, which may be a comforting thing to believe on some level. However, I'm not sure it's true. While more income invites some problems (you are unlikely to be audited if you don't have a lot of taxable income!),… read more »
There are many great reasons to choose to stay home with your kids. Achieving better personal finances, however, is generally not one of them. Economist Sylvia Ann Hewlett has calculated that professional women lose 37 percent of their earning power, on average, by taking 3 or more years out of the workforce. To put some numbers on it: a 37 percent haircut on $… read more »
Financial insecurity is a reality for many people. Various survey questions over the years have tried to gauge its prevalence. The Federal Reserve began asking a question not long ago: how would you find $400 in an emergency?
It turns out that 47 percent of Americans would have to take out a loan or sell something, or else do not think they could find $400 at all.… read more »
Our reader question today comes from Caitlin, who is getting married this fall. She and her soon-to-be husband would like to start a family soon. To be sure, one cannot completely control the timing on these things, but they intend to begin that project next spring. So, as she said, she has a year and change before she might be pregnant. What would I recommend sh… read more »
Last Thursday at 7 a.m., a visitor to my house would have seen this: me, standing over the waffle maker, making about a dozen waffles over the course of 20 minutes. I try to do up breakfast when the kids are all up with me. They ate the waffles and the baby nursed, and then they experienced one of those upsides of big family life, the instant playdate. All four of them… read more »