You’d think by now I would have learned. Summer vacation = spending money. Yet after all these years, I’m still surprised how quickly the kids’ summer activity expenses add up, even before the thermometer hits the 90s.
My oldest daughter informed me she’s started learning multiplication at school. It seems appropriate—her younger sister started kindergarten and now everything is going to cost twice as much.
There’s a scene in the Pixar movie, Inside Out where we get a peek into the mind of Riley’s dad as he reacts to her “high levels of sass.” As the scene escalates, dad’s emotions take over and Anger ultimately “puts the foot down.” Mission accomplished. Or so dad thinks. I couldn’t help but think how emotions quickly take over when it comes to money. A $150 bill for dance lessons? Here comes Anger again. Thinking about college tuition? Fear will definitely make an entrance. Have to work a few extra hours to make ends meet? Say hello to Disgust. And you’ll definitely have a visit from Sadness when you…[more]
I knew the day would come—some palooka’s in love with my little girl. OK, so maybe I have absolutely nothing to worry about. After all, he’s four and she’s three. Just the same, their pre-school teacher informed me of his infatuation with her and now I’m reminded of something I’ve conveniently tucked away since my daughter’s birth. One day, my little girl’s going to grow up, fall in love and get herself hitched. That freaks me out. Not the part about her growing up and falling in love (although I’m sure that ain’t gonna be a picnic). No, I’m thinking about paying for a wedding. I mean, c’mon, the average…[more]
People always ask me, “Hey Daddy-O, why you so cool when it comes to money?” My answer? “My parents, baby, my parents!” My family wasn’t rich growing up, but my mom was a smart gal. She taught me the value money and how to save at an early age. I even had my own savings account when I was seven years old (OK, so I only had 10 bucks in it, but that was a whole lotta lettuce in my mind). But I digress. The point is this: open an account for yo kids! It’ll make a huge difference in how they value money. If they already have an account,…[more]
You’re riding high in April Shot down in May But I know I’m gonna change that tune When I’m back on top, back on top in June That’s Life, by Frank Sinatra Many investors took a bath over the past few years, so I don’t blame you if you’re a little gun shy about investing money. And with the economy still kicking people in the rear, saving for the future may be taking a back seat to worrying about immediate needs. But a little post-recession jitters ain’t a reason to stop thinking ‘bout the future. Like Frankie said, “I pick myself up and get back in the race.” Now’s the…[more]
So I’ve seen the Oscar-nominated movie “UP” on blu-ray at least half a dozen times with my little girl (believe me, that number would be a lot higher if it starred a princess). Each time I see “UP” I can’t help but feel a little something tug at this ‘ol lug’s heartstrings during the scenes featuring Carl and his wife. If you’ve seen the movie, you know what I’m talkin’ about. It’s the part of the movie where I usually hear, “Daddy, are you crying?” “No sweetheart, daddy has something in his eye.” Anyway, it wasn’t until the last time I saw the movie that it finally dawned on me—the…[more]
When it comes to being a dad and managing your money, two things can make a grown man cry out for mommy: paying for a wedding and planning for college expenses. Now since I’m restricting my daughters from dating until they’re in their 40s, I’m going to concentrate on the college part of my Nightmare Before Payday. Start Saving NOW I can’t stress this enough: ignoring the fact that you need to come up with tens of thousands of dollars for your child’s education will not make it go away. Ignore it and it will get worse. At some point, you’ll have to look your child in the eyes and…[more]