There are necessities, like running water, and then there are “necessities,” like HBO and a weekly pedicure. When you’re single and supporting only yourself, you have every right to declare keeping your toes in the latest shade of blush a priority. But once you join budgets with your partner, it’s important that you both agree on which expenses qualify as non-negotiable.
When my husband and I recently re-evaluated our budget, I was ready to slash the cable bill – we have Netflix, and I tend to watch shows a season or two behind. He balked; he’s an avid Atlanta Braves fan and I didn’t realize that without extended cable he couldn’t catch the games during the (never-ending) baseball season. Similarly, he was willing to eliminate our home telephone, while I hesitated at not having a landline in case of emergencies. Having to make these kind of joint decisions just comes with the territory of a shared address, but compromising can be tricky. Toni Coleman, licensed psychotherapist, relationship coach, and founder of Consum-mate.com, offered this advice about creating a household budget you – and your partner – can live with. Keep reading »
At one point in her life — when she owned a two-bedroom condo, two cars, and enough wedding china to serve two dozen people gazpacho at the same time — Tammy Strobel, 31, asked herself if all that “stuff” actually made her and her husband, Logan, happy.
Then, she gave it all away. Read more … Keep reading »
“We’ve restructured your job and structured you out of it,” Louis said quickly, as though this thought were all one word.
Immediately, I felt the floor drop and ceiling soar, while I, not tethered to either, floated between. I was surprised, though I’d foreseen this bad news; I‘d brought an empty brown duffel bag to work that Friday rather than my usual Louis Vuitton purse. I had been telling my mother and coworkers for weeks, as I snooped while sorting Louis’ emails, that I was going to be let go. Keep reading »
When I was 27, I finally took my head out of the sand and did what I had been dreading for months. I added up the balances of my credit cards and discovered that they had skyrocketed to over $15,000! By looking at the statements separately, I had tricked myself into believing my debt was much less. I was blindly writing checks each month, just enough to pay the minimum required. Every time I opened the mailbox, I felt a little queasy. Keep reading »
In the latest episode of “Therapy For Your Pocketbook,”
Diane, an entrepreneur, splurges a bit on her new business, but — $200 for a cappuccino maker?! Finance Expert Manisha Thakor
suggests a formula when buying: break down your yearly income into an hourly wage to determine how much “time” each purchase will cost you. Suddenly that cappuccino maker isn’t looking so hot. [Therapy For Your Pocketbook
Keep reading »
Whether you’re heading to Colorado or Cabo, thinking about your first vacation with your man likely has you more hot and bothered than the new season of “True Blood.” From the moment you compared calendars, visions of couple’s massages and romantic dinners have probably been all you can think about. But before you make a single reservation, take a step back to consider how you and your significant other – as a couple – are gonna pay for the trip. Discussing who’s paying for what may feel awkward, especially if this is the first time you’ve ever had to talk money as a twosome, but it can be great practice for your future together. With this advice from Nicholas Aretakis, author of Ditching Mr. Wrong, you can breeze through vacation planning and ensure there won’t be money trouble in paradise. Keep reading »