The Bureau of Labor Statistics released the American Time Use Survey last Friday. This annual survey has thousands of Americans talk through how they spent the previous day, rolling over the entire year. This ingenious methodology cuts down on a few problems that plague other time surveys. BLS researchers don't ask about any specific category of time… read more »
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 »
Having children causes many lifestyle changes, but I think one of the toughest for people is that it becomes harder to make up sleep on the weekends. We all like to stay up a little later on weekends because hey, we don't have to be up for anything in the morning! And yet little kids are still likely to be up early because they just are. You can trade off with your part… read more »
Here's the dilemma: you need, or want, to work more than 40 hours a week. You also have young kids who go to bed on the early side. How do you see them while still putting in the hours?
As I have analyzed parents' time logs, I have realized that one of the most common solutions is doing what I call a "split shift." You leave work at a reasonable hour, come home for family… 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 »