I had never felt as much like I really had money as I did when I began sharing it with my family.
Life-insurance payouts do not count as gross income and do not need to be reported to the IRS. Maybe that’s why they’re so appealing to potential murderers?
A few Billfold pals and I went for a drink after last night’s event and we got to talking about our parents and the complicated relationships we have with them.
Theoretically, it’s our parents who teach us about money, the technicalities of how to handle it, but also how we might feel about it as a concept and approach it through a moral lens. But what about when our parents die before they can teach us anything?
As a 19 year old, he was the main breadwinner for the family.
At 80, since she has run through her own cash, the mom thinks it’s fair to spend her daughter’s. Meanwhile the daughter keeps cycling through the five stages of grief: denial, resentment, anger, guilt, giving in.
Following on Meaghan’s meditation on childrearing and work and the putting-together of grown-up puzzle pieces, commenter Vanderlyn asked the following not-crazy question: “Why do people still yearn to have biological children? Especially when doing so will render one’s life (more) financially tenuous, when there are so many unwanted children already out there, and when the world is already straining under the load of 7 billion of us?”
In the past few years, various studies have come out asking whether or not having children makes people happier. A 2004 study by Nobel Prize-winning economist Daniel Kahneman involving 900 working women in Texas who were asked questions like, “How happy are you when you’re taking care of your kids?” found that the parents were very happy. Children are expensive! Raising children is not an easy thing. And yet some of us choose to do so.
Undercover Economist Tim Hartford looked at a little-noticed survey by the US Census looking at household experiencing hardships in 2011 (like having your phone disconnected, missing utility payments and rent and mortgage payments, and not seeing a doctor or dentist when needed), and who helped when times were tough. He found that more than half of households expected help from family members, but not too many received it.
My family’s yearly Christmas ritual is relatively benign.
Jimmy Flynt had a terrible falling out with his infamous brother Larry a few years ago (over business and money, which unfortunately happens sometimes when family members work together), but has reinvented himself as a seller of “sexy gifts.”