Archive for the ‘family’ Category
Singles finance and family finance differ quite a bit. I’ve learned that well over the past 5 1/2 years (our oldest child is now 5 1/2). My personal experience has shown there are more spending pressures and overall expenses when you have a young family. Examples include birthday parties, swim lessons, dance lessons, clothes, toys, doctor’s visits for runny noses and coughs, camps and trips to the ice cream shop.
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Getting Out of Debt 102 Debt Elimination Step #2 - Next, you have to be able to establish an emergency fund. The step of establishing an emergency fund is going to take as many as several months longer, but it is well worth it when you see how far your savings have come in the...... -
How we paid down our debt and saved money at the same time..it can be done! I have been reading a lot of posts at different financial websites lately about the trouble people are having paying off their credit card debt while trying to save a little extra money for themselves. First of all, anyone doing their best to pay off credit card should be commended,......
Just over one week ago we had our first child, little Carter John. Ever since the day he was born, we have been focusing only on the baby – feeding him, changing his diapers, getting used to his schedule – and trying to stay sane.
One thing we’ve learned in the past week is just how un-important things like money and finances can feel at a time like this. They seem to fade into the background along with everything else, and you begin to forget that bills will even need to be paid. It can be easy to let things slide.
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The Millionaire's Retirement Plan Is Backwards Have you seen the latest article on Yahoo! Finance? I recently read "The Millionaire's Retirement Plan," where the author explains that to stay on track for retirement, 25 year olds should save $200 a month, 35 year olds $400 a month, 45 year olds $450 a month, and 55 year...... -
Say Hi To the 2009 Budget Deficit, $1.2 Trillion $1.2 trillion does not include Obama's stimulus plan. The stimulus will not come from cutting programs, this will be all "new" money. This would knock the deficit to $2 trillion, but for now focus on the $1.2 since that is the known figure. Let's put $1.2 trillion into terms......
You might be surprised by my response to this question. But in general, I don’t think you should plan having children around your finances or financial situation. In other words, I do not think finances have to be in order to have children.
Now I know there are some exceptions in which a child couldn’t receive the medical care or food needed for survival if there wasn’t some sort of firm financial foundation or income. But then again, by whose standards of living am I basing that statement? There are people with children in other parts of this world without the standards we’re accustomed to having. Although there are struggles, many children survive fine.
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Starting Kids Out on the Right Financial Track Many of the best lessons we can learn about personal finance are taught when we are very young. By laying a strong financial foundation for your children, you can help shield them from making catastrophic financial decisions in the future. There are some great options available out there that can...... -
From The Archives - March. For those readers who have recently come on board to My Two Dollars or for those of you who may have missed a few of these, here are some articles you may have missed from the last couple of March's. With over 1,300 posts, even I forget about some of......






The Benefits Of Being A Stay At Home Mom Versus Being A Working Parent
This week is quickly turning into babies and family week. I’m sorry but I just can’t help myself, I’ve got nothing else on my mind lately, understandably. By this time next week I’ll be changing diapers and staying up nights with our new son.
One topic that has been close to our hearts these past couple of months is the topic of being a stay at home parent, versus being a working parent that uses daycare. We’ve been thinking long and hard about which situation was best for us, and which was the best for our son. Read more... (1589 words, 11 images, estimated 6:21 mins reading time)
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