On A Father-Daughter Duo Answers Your Questions: Accepting Financial Assistance From Parents as an Adult

@highjump Someone who isn't annoyed at the gall of parents giving money to their kids = the aristocracy. Mmhmm. That checks out. It's becoming fashionable in many circles to believe that any financial resources above subsistence must have been accrued at the direct cost of others--e.g., people with the ability to pay for a portion of their children's educations are somehow robbing every lower income strata. How reductive and tiresome.

Posted on September 2, 2014 at 2:17 pm 3

On A Father-Daughter Duo Answers Your Questions: Accepting Financial Assistance From Parents as an Adult

@highjump @madrassoup Seriously? Someone writes in with a thoughtful question about accepting financial help/gifts from family, and you're rolling your eyes and faulting Meghan's dad for answering the question his way? Just curious, what's the correct answer, in your view? "No, don't accept your parents' generosity. Tell them that any money they have above what Internet commenters deem sufficient should go to charity--but, you know, REAL charities, not the ones those commenters think are frivolous. Also, invent a time machine--on your own dime, no parental handouts!--and go back and turn down their helping you with your education. Remember, bootstrapping is the only way to legitimize yourself; anything else is a problematic manifestation of privilege. (But if you did bootstrap and succeed, you probably had some privilege we don't know about anyway.)"

Posted on September 2, 2014 at 12:43 pm 6

On The Year We Saved $10K: Homes and Weddings

@jquick I'm normally happy to ignore you, but gosh, you are just an awful person.

Posted on July 29, 2014 at 7:06 am 0

On 'The Law Doesn't Require You to Be an Outstanding Parent'

Ugh, too many feelings.

Posted on July 9, 2013 at 10:19 am 0

On Open Thread

@cryptolect Nope, not a one. Then again, none of us can really know anything for certain about the future--not even tomorrow, or five minutes from now. But we can have goals and work towards them with informed assumptions. With a 30% savings rate, you've built in a big safety margin for your future. Assuming you can keep it up or even up it as your earnings hopefully go up, you'll have enough to live off of much earlier than 62 or 65. And most likely, you'll also have enough so that you can weather unforeseen challenges, like a job loss or medical emergency, and still come out fine the other end. That said, I think a lot of the above would hold true if you were saving 25% instead. But in the end, it's a personal choice, and it all depends on what lets you sleep peacefully at night.

Posted on June 28, 2013 at 4:26 pm 0

On Open Thread

@cryptolect We save 40%, but I know we're freaks. It really depends on how soon you want to retire, how you think your career arc will go, what kind of lifestyle you want in retirement, etc., etc. One of the best retirement calculators I've ever seen is at http://www.smartmoney.com/retirement/planner. Maybe play around with that?

Posted on June 28, 2013 at 3:00 pm 0

On Friday Estimate

Tonight: Dinner ingredients ($20). Tomorrow: Second payment for our CSA share ($177); kitty litter ($25); groceries ($50); possibly a kitchen cart for our kitchen ($50). Sunday: Brunch with friends ($60). Total = $357.

Posted on June 21, 2013 at 9:53 am 0

On How Much Do You Spend on Electricity Each Month?

It's $40/month for us September - May. June's probably going to be $55. July and August... $90?

Posted on June 18, 2013 at 3:11 pm 0

On Monday Check-in

Estimated $150, spent $164. I'm calling this a VICTORY.

Posted on June 17, 2013 at 10:41 am 0

On Friday Estimate

Tonight: Going to the movies, but tickets and snacks have already been paid for, so hopefully, $0. Saturday: After 11 years in NYC, I'm finally going to check out the Cloisters ($12). We'll probably have lunch up there, too ($25). Sunday: If it's nice, we're going to have ourselves a picnic ($20). Groceries have to happen sometime ($50). We also never got around to doing laundry last week ($20). I'm up to $127, but let's just round up to $150 because.

Posted on June 14, 2013 at 10:45 am 0