Family

Having A Baby? Here’s An Amazing Idea That Will Teach Them What Investing Is All About

I recently was chatting with a fellow “new” parent about ways that we could teach our children about money. She related to me an interesting tale that I thought I’d share with all of you. On the day her husband was born, his father put $600 into a mutual fund (the exact investment was unimportant, …

Categories: Family, Investing, Parenting

What Money Can’t Buy

Early this morning, I was thinking about Julia, the first girl that I ever had any interest in whatsoever. I have a lot of faded memories of sitting in the park with her on the swings, talking about everything and nothing, and of hiking through the woods. I only got to know Julia for a …

Categories: Family, Psychology

From Christmas Cards to Christmas Morning: Inexpensive Ideas from the Heart

So many of us are crunched by the cost of a Christmas shopping list that’s far too long and full of all sorts of demands. This year, I’m saving on that outpouring of cash by making several gifts for my family. I’m not much on the “craft” side of things, so instead I’m using what …

Categories: Family, Frugality

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 …

Categories: Family, Gifts, Marriage

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 …

Categories: Family, Psychology

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 …

Categories: Family, Psychology

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 …

Categories: Family, Planning