Category: Money

The working stay-at-home mom

In the usual narrative about women's life choices, you are "working" or "staying at home." These are discrete identities. They are sometimes cast as ideologically opposed, if people feel like drumming up the mommy wars (and its clicks and comments). While the broad trend over two generations has been an increase in women in the workforce, there have been oc… read more »

Smart Mom Rich Mom (book review)

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 »

Is this a happy money story?

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 »

Personal finance for writers, or how to avoid winding up too broke to find $400

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 »

Reader question: If starting a family is in my future, what should I do now?

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 »