When I began dating my now husband, I already had a little girl from a previous relationship. In order to get serious with me, he had to adjust to the idea of late-night dinners at restaurants to takeout scheduled around bedtime. Luckily, he did so beautifully and won both my and my daughter’s hearts.
One wedding, two successful careers, and a substantial mortgage later, my husband adopted my daughter and we were ready to add another tax deduction to the mix. We were used to having to make adjustments to accommodate life’s surprises, so we thought a baby would cause minimal monetary ripples in our fairly stable life. We couldn’t have been more wrong. Keep reading »
In the latest episode of Therapy For Your Pocketbook
, Connie confesses she’s been keeping her purchases in the closet and under the bed — anywhere her live-in boyfriend won’t find them. Finance Expert Manisha Thakor
says it’s OK to have fun with the money you’ve earned, but when spending gets out of control it affects you and your partner. Show you’re responsible by setting up an account specifically for “Want” purchases. [Therapy For Your Pocketbook
] Keep reading »
Being the queen of your own financial destiny is priceless … and can be as scary as some of Lady Gaga’s heel heights. Whether your salary is as high as a modest kitten heel or soars to stiletto altitudes, you’re only as financially healthy as your savings habits. Maybe you’re eating Ramen to make your money stretch, or worse, living off your credit cards, but that doesn’t mean you can’t start saving now. J.D. Roth, of GetRichSlowly.org, offers these tips to get you saving even if you feel like you’re barely getting by. Keep reading »
J.K. Rowling was buying groceries on a welfare check until she hit pay dirt with a nerdy pre-teen wizard. Sara Blakely was a sales trainer and stand-up comic before she revolutionized the pantyhose industry with Spanx.
Almost two-thirds of the world’s approximately 1,000 billionaires are rags-to-riches stories. And even Kanye says a little ambition can help you make a Benz out of that Datsun. So … why not you? Keep reading »
Connie just moved in with her boyfriend and although he’s really nice and makes great lasagna, there’s something she’s never asked him — his number. Could his credit mess up their financial future? Finance Expert Manisha Thakor
encourages her to do the “partner exchange,” even though he’s really sensitive and cried during “Wall-E.” [Therapy For Your Pocketbook
Keep reading »
One Venti latte five mornings a week. You could probably pay for your caffeine addiction with cash, but who carries around stacks of green besides strippers and Lil Wayne? Plastic is so much more convenient.
A couple coffees probably won’t send you to the poorhouse, but are you swiping the plastic for groceries? Rent? Routine living expenses?
If so, you’re not alone, says Clarky Davis, The Debt Diva, author of The Debt Diva’s Financial Guide. Davis says most Gen Y-ers have more than three credit cards, and one-fifth of them owe more than $10,000. Of those households in the U.S. with credit card debt, the average debt is $16,007. So, when are you in over your head? If you are struggling to meet your minimum payment, your phone is blowing up with collections calls, or you cannot pay off your entire credit card balance in three months … the Debt Diva is talking to YOU. Keep reading »
Do you ever feel like you spend an inordinate amount of time standing in front of an ATM? I used to feel the exact same way. I’d take out cash in small increments, spend it on Lord knows what, run out, and then go back for more without thinking. I won’t lie—there were nights, especially when alcohol was involved, where I’d sometimes go for cash twice. Then I’d look at my statement online, and notice that $40 plus $40 plus $80 plus $40 kind of adds up to a lot. Very quickly, my paycheck began dwindling much faster than it should have been. Then I had a random conversation with my parents where they were telling me about The Good Old Days, when once the bank closed, if you didn’t have money—too bad, you just had to figure it out. You didn’t have constant access to your money. And what I think is a brilliant idea was born. What if I went to the ATM once—only once—a week and pretended at all other times that cash was not a four-digit pin code away. Keep reading »