While perusing GetRichSlowly yesterday*, I discovered an amusing comic strip related to the high cost of raising kids.
(click to enlarge)
This is funny (to me at least) in large part because it’s true. As a father of four, I can say with certainty that kids are expensive. Yes, there are lots of things that you can [...]
Our thirteen year old recently asked me for some good books about investing. His savings account has recently reached a point where it makes sense for him to start learning about investing, and he’s obviously interested in doing so.
I started by giving him a copy of Stanley and Danko’s The Millionaire Next Door, which is [...]
This is a guest post from WellHeeled of the Well Heeled Blog. If you like what you see here, please consider subscribing to her RSS feed or following her on Twitter.
My earliest memory of personal finance (though I didn’t know the term at the time) was when I was in middle school. My mother had [...]
Earlier this week, I ran across an excellent talk on time management by Randy Pausch. If you’re not familiar with Pausch, he’s a former Carnegie Mellon computer science professor who died of pancreatic cancer this past summer at the age of 47, leaving behind a wife and three young children.
Pausch delivered this talk just over [...]
A little over a year ago, I ran across an article in a local parenting magazine about paying kids for their performance at school. At the time, I thought it would be a great topic to discuss, so I cut it out and filed it away (by which I mean I threw it on my [...]
Where were you (financially) ten years ago?
Ten years is a long time, and sometimes it’s hard to believe just how far we’ve come.
Looking back…
It was the spring of 1998, and I was still in graduate school. We had just one child, and he was only 7.5 months old. After his birth in the fall [...]
After a couple years of stability, we recently decided to tweak our allowance system (again).
For background, our original allowance system involved paying the kids $0.50/week for each year of age, broken down as follows:
30% spending money
30% short term savings (e.g., a video game, pricey toy, etc.)
30% long term savings (e.g., a car, college, retirement, or [...]
This past weekend, I had an interesting interaction with our six year old. For background, we’ve been extremely busy lately and had gotten behind on their allowance. So when we finally sat down to get caught up, he was absolutely thrilled to find that he finally had enough money to buy the Nintendo DS game [...]
As of yesterday, my wife and I have been married for ten years. This got me to thinking about all of the things we’ve experienced together during that time. I actually started this list over on raising4boys.com, but thought that I’d flesh it out here. We’ve been married for:
10 years
9 surgeries (4 C-sections, 2 carpal [...]
Every year my parents give our kids a variety of Christmas gifts including money for their bank accounts, some clothes, and a toy of some sort. But this year they decided to forego the latter, and give the kids gift cards instead, such that they could pick out their own fun stuff.
Out of curiosity, [...]
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