• Handling Small Cash Gifts

    Recently, the subject of cash gifts came up between my wife and I. Her grandparents both give us moderately sized cash gifts each year (between $50 and $1000, to give a range) as a Christmas gift. In years past, we have almost immediately spent these gifts on some sort of material item, often contributing some …

  • Dreams and Wishes – and Reality

    As an exercise, I made a list of every single material thing I would like to have if money was no object at all. My list was pretty basic: a nice five bedroom home (because I would like to have three children and a guest bedroom), a very reliable automobile, a computer that wasn’t literally …

  • Remembering A Painful Childhood Experience – And Trying To Apply What It Means

    I was recently working on a self-evaluation exercise in which I was asked to consider memories from my childhood that had to do with money. These memories would then be used as a reflection on which to see my own personal finance biases today – and thus the connection would enable me to strengthen my …

  • Rules For Handling Financial Issues With Extended Family

    Recently, I’ve had several opportunities to seriously consider how money impacts the relationships within my family, and it’s made me develop a number of “rules” with which I interact with my family on a financial basis. The first situation occurred several months ago, when one of my siblings was suddenly unable to take care of …