Category: Money

What is my time worth?

I always encourage people to think about the value of their time. But actually putting a dollar value on it? That’s complicated. That was my take-away after several readers sent me Sue Shellenbarger’s WSJ article on “Do You Know What Your Time Is Really Worth?” The article had a link to an online tool called ClearerThinking that asks a series of quest… read more »

“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 »

Money lesson 2: The world doesn’t owe you anything

To my brilliant and adorable children: I started writing this as the littlest of you was sleeping in the Boppy seat next to me. He’s had a good morning. He woke up in his nursery that is a perfect 68 degrees. Having a winter baby has made me marvel at how humanity survived for its history. There must have been some good fires and warm furs in those caves on January d… read more »

Money lesson 1: Live within your means. There are two ways to do that.

It’s money week on the blog, with an emphasis on money lessons I’d like to pass along to my kids. Of the various financial advice out there, what do I think is most important? I’ve been pondering this, and I do keep coming back to the oft-repeated wisdom of living within your means. As long as you have at least a mid-level income, if you live within your means… read more »