Doing Money: On Vacations With Parents As A Grown-Up

With more Millennials delaying or forgoing traditional adult milestones, such as marriage, home ownership, and parenthood, more young adults have time to take vacations with their parents well into adulthood. But it raises an awkward question: who pays for this shared time away from home?

Giving To Family Beyond Your Parents

I had never felt as much like I really had money as I did when I began sharing it with my family.

Life Insurance Ugh Why

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?

Our Debt to Our Parents

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.

How People Without Parents Do Money

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?

My Not-So-Great Grandfather And The Great Depression

As a 19 year old, he was the main breadwinner for the family.

How Money Moves Between Generations (Not The Way You Expect)

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.

Why I Had Kids

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?”

How Grandparents Do Money

The Haves and the Have-nots

I was raised in a family where talking about money was not taboo. My father did a good job of raising two girls on a variety of incomes—money, was tight, and because of this, I was always aware of what we did and didn’t have.

On Children and Happiness

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.

My Father Developed Alzheimer’s Disease and Lost the Ability to Manage Money

In February 2012 we received an unofficial Alzheimer’s diagnosis, and my father’s ability to manage money quickly eroded.

With a Little Help From Our Family?

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.

The Benefits, Both Economic and Emotional, of A (Relatively) Minimalist Christmas

My family’s yearly Christmas ritual is relatively benign.

Watching Our Parents Earn a Living

David Ritz wrote a very lovely essay about watching his father struggling to provide for his family in Dallas, Texas for the latest issue of D Magazine, which just hit newsstands yesterday.