What Marriage (And Remarriage) Has To Do With Money

re-marriage for women is correlated with a number of positives, whereas uggghhhhh staying divorced for a woman can spell d i s a s t e r

My Spouse Confessed to $4,500 of Debt Right Before We Applied for a Mortgage

After a year of looking for and preparing to buy a home, Nick and his wife finally found a place they wanted. They were in the middle of filling out mortgage pre-approval paperwork when Nick's wife stopped him. She had never mentioned it before, but now that they were applying for a loan, it wouldn't be a secret much longer: She had about $4,500 of credit card debt.

Secret Debt Threatened My Marriage

“Debt is like living in the past.” His hands now flapped their emphasis in the air. “How can we move forward into the future if you’re stuck in the past?”

“If the guys are hot, too, then sure, they can get a hot girl.”

There is so much to love about The Atlantic’s article “The Myth of Wealthy Men and Beautiful Women.” It reports on a new study by University of Notre Dame sociologist Elizabeth McClintock which states that romantic pairings are more likely to be people who are closely matched in terms of compatibility and values than people who are exchanging one type of scarce resource for another (e.g. “wealth” for “beauty”).

Read the whole piece, because the way Atlantic writer James Hamblin gets to the conclusion is delightful — he invokes the Simpsons episode “Lisa’s Rival” and suggests that some of the scarce resources couples could swap might be “graduate degrees” and “marketable skills” — and make sure you read every single quote from his interview with Dr. McClintock:

“Women spend a lot more time trying to look good than men do. That creates a lot of mess in this data. If you don’t take that into account then you actually see there’s a lot of these guys who are partnered with women who are better looking than them, which is just because, on average, women are better looking.”

“If the guys are hot, too, then sure, they can get a hot girl.”

“It’s not just this trade of his money for her beauty, and he’s going to dump her as soon as she starts to get some wrinkles around her eyes.”

(And now, the question for y’all: is your romantic pairing based solely on compatibility and values, or did you take into account resource-swapping — even a little bit — when you built your partnership?)

 

A Passionate Defense of Taco Bell

Fast food is cheap because it's only made of 3/4 food; the other 1/4 is our childhood memory of how the food should taste.

‘Can We Talk Finances?’ ‘Not Tonight Dear I Have a Headache’

As it turns out, you can't merely wave your hand in a languorous way and say, "Be a dear and invest it in low-cost index funds won't you, Philip? There's a good chap." I mean, for one thing, who is Philip, is he the butler? And if so how does he have access to the accounts?

The Delicate Nature of Asking Your Parents for Financial Help

I have not asked my parents for very much, mostly because they've never had much, financially, to give. As a child, if you grow up with not that much, you don’t know what you’re missing. For so long, your worldview is only as big as the two-block radius you’re allowed to travel, and since you return home every night like a little boomerang, you only understand what it is that happens inside your house. You only understand the world within the context of what you’re living with, so when I was growing up, I understood on a very basic level that we had enough to get by.

A Father-Daughter Duo Answers Your Questions: Balancing a Relationship With Financial Differences

Here's the problem: my boyfriend has HUGE student loan debt. Like, staggeringly large. His salary is pretty low... which doesn't bother me except that he's barely making any inroads on paying off his debt, and doesn't really have a plan to do so. I don't mind being the bigger contributor to our rent, bills, etc., but I don't want to sink my life savings into paying off his debt, not least because of the, let's face it, entirely real possibility of future break-up or divorce. A girl's gotta be practical. Photo: Vinoth Chandar

Love and Debt in a Nearly-Dissolved Marriage

My husband should have known what he was getting into.

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?"

On the Purchase of New Pillows

When we moved in together, PT and I combined our pillows without thinking about it. We just put pillowcases on them and piled them on the bed. Two of them went to the bed in the furnished extra room that we rent out as often as we can (n.b. we have not used Airbnb yet!). Some were mine and some were his, but all of them—save for the one Ikea pillow I picked up at some point in the past seven years in New York—were of unknown provenance; and they were gross.