Category: Money

A different portrait of a modern family

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 »

The hard truth about becoming a work-at-home parent

Crystal Paine is known online as the “Money Saving Mom.” The focus of her site is deals and sales, but her new book coming out next month has a different twist. It’s called Money Making Mom, and taps into a particular economic and cultural phenomenon that’s worth examining. Here are some realities. Middle-class incomes have been stagnant (if not dec… read more »

The Impressionists, carnival game prizes, money and happiness

We spent Sunday at the Reading Fair. This has become one of our summer traditions, an annual August pilgrimage to ride the rides, look at the livestock, and eat less-than-virtuous things. We also, each year, wind up playing carnival games. The kids beg to do this, but only certain games — the ones where you win a prize every time. It can be a completely crappy p… read more »

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 »