I was talking to a friend at work the other day about kids and education and how much it matters for financial prosperity.  He made a statement that really struck me.  He said that he stresses education to his kids because he wants them to be able to go out, get a good job, make [...]

The missus and I have both always been pretty responsible financially, but when we found out we were going to have a baby we had to reconsider a few things, mainly how big of an emergency fund we were going to need and how we could allow her to stay home and care for the little [...]

Our first child is only two months old, and we are already discussing how we want to handle money with our child(ren). My biggest concern up until I read this article is how early is too early?
Now, however, I have an even bigger fear. I realize that my parents never taught me ANYTHING about money. [...]

We plan on putting my old condo on the market soon. A couple of friends are staying there right now and we’re $50/month cashflow positive on it, but I’m really not interested in being a landlord. Once it is sold, we should walk away with about $50k.
NOW, what to do with the money? Or to be [...]

I saw this WSJ article had a high count on digg.
Eh, it’s okay, but there are some things I disagree with. It seems like this guy gives his kids an awful big amount for an allowance. Granted, they live in NYC, but $250 right off the top is quite a bit. That’s the same amount [...]

When they found out we were going to have a bably, all of my friends warned me that a big expense would be in diapers. From what I’ve read, it takes about 5,000 diapers for each child. We figured that by planning well we should be able to keep the cost at around $.25 per [...]

I was reading the highlights of both yesterday to figure out what to do with the college funds.  The advantages I’ve found for the 529s is that we can contribute a LOT more money to them, and they are more flexible as to where we can invest.  I think this is the appropriate place to [...]

The obvious question–why start this blog?
I was initially motivated by an article I read (I don’t remember where) that stated it would take about $300,000 to raise a child born in 2007.  I read this article about a week before we had our first child, and my initial thought was that we were so incredibly [...]