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  • People spending less on Mother's Day this year

    Mom's Day CardIt's not that much less, actually – a poll by the National Retail Federation (whose slogan should be "SHOP! NOW!", just cuz that would be funny) found that people will spend 51 cents less this year than they did last year. That doesn't sound too bad.

    What is slightly surprising is how much they spend, and how it breaks down by age. The overall average, says the survey...

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  • What is mommy worth?

    What is mommy worth?This story pops up every now and then. The question is: how much would mom get paid if her job were in the private sector?

    The Daily News reports on a study from MomConnection that has come up with a number for moms in New York. And… drum roll please…

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  • Mom Gets Fifteen Years For Unnecessary Surgeries on Son

    williamsonFrom the department of "Eeeeesh!" comes this story: Two of Laurie Williamson's children were in wheelchairs and had feeding tubes. Her three kids altogether had at least 500 doctor's appointments in ten years in connection with a rare illness. And Williamson raised $150,000 between 2000 and 2005 from individuals and organizations for her kids' health issues.

    One problem with this scenario: Prosecutors say she fabricated the illnesses to get the money. And she was...

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  • The Return of the 10 Grand Birthday

    join the partyWrite about parent-y stuff long enough and you'll notice certain stories cycle in and out again and again. One of the modern classics is the super-duper expensive birthday party for kids. Yes, some parents are hosting shindigs that cost up to $10,000, and there's even companies like Over the Top Productions that will help you spend your money plan your kid party. These stories usually have quotes from some parent who says it was worth it to "create a memory" that will last a lifetime (though often the kid is so young it's unlikely they'll make a mental snapshot of that pony ride) and then there's a few folks who didn't exactly mean to spend so much, it just sort of happened.

    The counterpoint to all this is the idea that lavish events send the kids the wrong message about consumption, and...

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  • Is the Tooth Fairy Overpaying Your Kids?

    We may be careening toward a recession but apparently the Tooth Fairy is still flush with cash. According to this story, plenty of parents are unsure exactly how much to give their children when they lose a tooth, partly because the market rate on recently departed choppers varies greatly.

    Some kids expect a couple of quarters. Others think $2 is about right. And then there are the people who live in L.A., where apparently it's not uncommon to earn $20 a tooth. 20 bucks?! When I was growing up, my parents wouldn't have paid that if I had gingerly placed my left kidney under my pillow.

    A father interviewed in the aforementioned story, which appeared on CNN.com, stressed the importance of what the reporter calls "pre-emptive negotiation." In other words, parents should agree beforehand on how much they'll ante up. But that term almost implies that you have to make sure the kid is cool with it, too. To which I say: Really? Is that what we've come to? We have to call a meeting with our 6-year-old to hammer out the deals of his teeth reimbursement plan?  

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  • Buy This Toy to Eat Your Kids

    sit, dino, sitKids these days. Spoiled they is. What do you get the child who has everything?  A mangled arm, a.k.a., a robot dinosaur.

    Jump ahead for kid on robo dino carnage.

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  • Teachers Play Bad Cop, Bad Cop

    bad cop?In a demonstration of the fact that kids have about the same rights as your average "terror suspect," four teachers frisked an entire class of third graders when five dollars turned out to be missing from the classroom. When a substitute teacher discovered an envelope that had contained five bucks for a school function was empty and in the trash, she first told the students that if whoever took it came forward, there would be no punishment. When no one surrendered, she, a student teacher, and a teacher from another class and an aide searched the students' backpacks and desks. Then they told students to remove shoes and socks (why, just like going to the airport,) lined them up along the wall and patted them down, sticking hands into some students' pockets. The money was never found.

    Many of the students and parents were upset, and one girl said she and many of her classmates cried, especially when one teacher...

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  • Parents Spent $3,000 On The Kid's First Birthday Party

    first birthdayA while ago the parenting story of the day was paring down parties for kids, and how these celebrations should be small and cost nothing and we should all forgo the party favors. There was even an online movement called Birthdays Without Pressure, for people who were kinda grossed out by the excesses of it all, and the word on the street was that big parties had more to do with competitive parents than the kids. At the time, I came out in defense of the lavish affair. However, I'm here to tell you I do have my limits, and they are definitely shy of this one-year-old's birthday. 

    How do you spend that much on a kid birthday? These parents did it by renting a room at a country club...

     

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  • Strollerderby Playdate: The Inexpensive, Cheap Parent Edition

    You know what? I'm cheap. I don't even use the term "frugal" because that's just a needlessly expensive word that sounds defensive. Not that cheap is my badge of honor, but I'm not trying to hide anything either.

    Don't worry, I'm not so cheap that it's embarassing. I am not tempted to call supermarket sampling "lunch." But I am just cheap enough that my family will manage this coming recession without much drama. We won't have to adjust and cut back too much since we ride it pretty close to the line anyway.

    Still, miserly-ness loves company ...

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  • Girl Scout Robbed, Gets Crime Victim Badge

    these girls did not get robbed, even though they are sitting on cookie Fort Knox

    I love those stories about heists and capers gone wrong because the thief tried to rob the 7-11 where everyone knew him or attempted to deposit a check with his home address while pointing a gun at the bank teller and demanding the contents of the safe. And this story--of a Girl Scout getting robbed--has elements of that. Now, who would rob a girl scout and take her cookie money? Isn't that right up there with punching a nun or something?

    I'll tell you who... 

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  • Recession On the Way?

    Not to step on the toes of our delightful and witty Political Nanny, but hey, there's a primary in my state today (well, on my side of the ticket it's more a "primary" with sarcastic finger quotes, but that's another post).
     
    It's coming amid increasing worries about the national economy – see, according to people who know a hell of a lot more about this than I do, there is a recession looming based on debt. In just the last seven years there has been a 75 percent increase in the amount of household debt.

    And before you start ranting, it's not all materialism. Here's what has happened to plenty of responsible people I know:

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  • Make Your Kid a Millionaire

    baby moneyRemember that annoying commercial for almonds? "Just a can a week, that's all we ask." See, you remember it, don't you? Annoying as hell, but it brings home an important element in basic economics: dollar cost averaging.

    And by investing a mere $30 a month, you can dollar-cost-average your way to creating a millionaire. Someday, anyway. Start now, though, because it'll take a little while:

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  • Cost of Raising Kids at an All-Time High

    Did you know that the U.S. Department of Agriculture estimates the average nationwide cost of raising one child from cradle to college entrance at age 18 ranges from $143,790 to $289,380, depending on the income of the family?  Is that unreal?  That's more than some people make in their entire lives, myself included, probably.

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  • Kids Can Manage Cash If You Don't Become Credit

    piggybank is so hungryThere's stuff you can do at different ages to educate kids about money, according to the WSJ, and presumably, they know about money and all. I like these tips for a number of different ages, but let's look at the ones for five-to twelve-year-olds, because, well, my kid is six and I would prefer she not end up broke and alone later in life.

    They suggest: giving the rugrats an allowance and then sticking to it (i.e. if they don't have the cash for something, don't make up the difference); ask kids to save a portion of money gifts; don't let them "pay you back later" (that's called credit); and explain how you make money decisions (luckily, as a professional writer, I don't even have money to make decisions about). We just started an allowance for my child, and we've already screwed up on all of these. Debtor's prison for her! Maybe from now on I'll just explain that I could loan her the money, but she'll have to pay it back with interest, and if she can't, she'll get incessant threatening phone calls and then a couple of intimidating people in sunglasses will show up and take her Polly Pocket pink jeep away. Real world, people, real world.  


  • Does Your Kid Have Bad Credit?

    identity theftIdentity theft: if you've ever experienced this you know how devastating it is and what a huge pain it is to repair. But it's news to me that identity theft isn't limited to adults (because I live in a Happy Bubble); the identities of minors can be stolen as well. Imagine your kid turning 18 and finding out he's already thousands of dollars in debt! Except it wasn't your kid, it was someone else posing as your kid and using his social security number and name to rack up debts and bad credit.

    Experts say the best way to avoid this is to (duh) avoid giving out your kid's social security number like it was candy. Except everybody and their brother asks for it nowadays: doctors, schools, etc. Do they really need that information? Be sure there's a valid reason before you give it out. Like you don't already know that. Also, receiving credit card bills in your kid's name is a sure tipoff that something's amiss. Except by then it's obviously too late and then you've got a fight and a lot of paperwork on your hands to fix it.

    The Identity Theft Resource Center is working on legislation that would help protect the social security numbers of minors. It would provide credit bureaus with a list of social security numbers belonging to children under 18, which theoretically would be cross-checked against applications for credit. But I won't hold my breath.


  • A Different Take on 'The Pursuit of Happyness'

    Everyone loves a good rags-to-riches story, and I'm no exception.  But I think I may be one of two people on the planet who thought last year's father-and-son-overcoming-adversity yarn, The Pursuit of Happyness, was a study in crappyness, and not just because it starred Will Smith who, though hotter than hot, annoys the bejeezus out of me.   

    As the other person who hated Happyness so astutely points out, this film celebrates a man who "gained his monetary success at the expense of his family. He kept his family in abject poverty to pursue his “dream” job, all while he and his son lived in shelters and slept in public bathrooms. During that time, he worked at a job that didn’t pay and was not guaranteed to last. Why has this been turned into an “inspirational movie?”. 

    Though father and son share a deep love and support each other emotionally, Dad is so bent on becoming a stockbroker - a noble profession if ever there was one - that he would rather raise his son in homeless shelters and sleep in public bathrooms, than get a steady paycheck at a lesser job.  There's a happy ending of course - it is a Will Smith movie, after all - but the overall message the film sends out is that it is heroic to pursue financial and personal success at the expense of your family.  Bottom line: as long as you get rich in the end, it doesn't matter how, when, or who you disappoint or endanger on your path to greatness...excuse me, happyness.

    Another point to consider: if this was the story of a woman sacrificing the well-being of her child for personal gain, would she be seen as a hero, or a bitch?  Still another point: there are millions of people in this country living below the poverty line, struggling to raise families while working at least one minimum wage job that provides no health benefits and no sick leave.  If America is the richest country in the world why are so many  Americans still forced to chose between their jobs and their families?

  • Single Parents Do It...Better?

    single parentAs a single mom, I worry from time to time about the detrimental effect my singletudinous is having on my kids. After all, it was my decision to "rip apart" their family in the pursuit of my own selfish happiness, thus ensuring me a continuous supply of guilt for the next 20 years or so, so shouldn't I just have continued to suck it up and deal for another, what, 13 years until the littlest turns 18? Yeah. Well. In another life, maybe. But like all parents, I still worry from time to time if I'm doing my best.

    It turns out I could have simply done a little reading and felt much much better, because here's justification for the theory that there are some things that single parents have an easier time with:

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  • Adult Children Still Suck Money Off of their Parents

    moneyAccording to the BBC news, four out of every 10 Scottish parents in the have gone into their savings accounts to help out their adult children. This comes as no surprise to me. I could never have purchased my house without help from my parents (and my in-laws). The article says that the average parents gift £12,300 to their adult offspring to help them buy home furnishings, a property or their own car. If I used my currency converter correctly (I love the internet) that is $23,697.42 in U.S. Dollars (hence the dollar sign, I never know what is appropriate).

    The researchers came to the conclusion that while the society seems to be getting wealthier a lot of the wealth has to be transferred between generations. Professor Merlin Stone worries that most of the money that is gifted is used for general life start up purchases.

    Come to think of it, the surprising part is that it is only four out of ten. Maybe the number is much higher in North America.


  • Ways to Save Money on your Groceries

    shopping cartThrifty Mommy published a list of 50 ways to save money on your grocery bill. She has some really good advice in here, some of it is obvious (check sale flyers and use coupons) and some are ideas that I didn't even know were options. Did you know you could get rainchecks for out-of-stock sale items? You can come back later and get the lower price even after the sale is over.

    How about not going grocery shopping hungry? That is always one to think about. I remember one time I went to the supermarket dying of thirst and I ended up buying milk, water, lemonade, beer, orange juice, coke and fruit punch. I really could have been very happy with just the milk, beer and water.

    She also suggests buying store brands. I have very mixed feeling about this. For example, I know Clorox makes the Publix brand bleach. It is safe to buy Publix bleach. I think most canned beans taste similar. I've also had terrible luck buying store brand dishwashing liquid. If it takes eight times as much soap to wash your three pans, you aren't really saving money in the long run. What are your money saving tips at the grocery store?


  • Family Finances: If You Have No Clue, You Aren't Alone

    Baby and moneyIf you can't tell your 529 from your 420, you might need a little help making financial decisions for your family. Don't feel bad, not everyone has started college funds for their kids.  Some of us haven't put anything in them for at least...for about...um, for a while now.

    Hey! Stop freaking. I know you read the title of this post and you clenched up a bit. Relax. Maria Niles over at BlogHer is here to help. Maybe you're taking care of your parents as well as your kids.  If you'd like to get a grip on your family's financial future Maria's post is a great place to start. Click her links, get educated, and, most importantly, stop stressing.


  • Need Cash? Get it from Your Kids

    piggy bankHey, parents!  Have you ever considered your children as a source of cash?  You're sitting on a veritable gold mine and you didn't even know it, did you?  That's right, according to these parents, it's okay to tap your kid's Christmas and birthday money from Grandma, because, after all, since your kids belong to you, their money does too, right?

    Now understand that I'm not talking about a little harmless borrowing.  Just this week I had to hit up my 11-year old for the $8 it was going to cost for him to attend a field trip because I didn't have that specific amount available.  But I'm giving him $20 in return, which I admit is appallingly usurious, but after all it's his money and he doesn't get a regular allowance anyway so it's a way for me to give him a little something extra.

    No, I'm talking about parents who can't even fathom that their children have a separate identity from theirs and so rationalize that "what's theirs is mine", and spend Junior's Christmas or college money on household bills and groceries.  It kind of sucks for Junior, doesn't it?


  • Does it Cost More When Both Parents Work?

    According to this opinionated About.com article, skillfully deconstructed, parodied, and ripped apart here at PunkassBlog.com, the answer is:  yes.  Pat at About.com claims that since most 2nd wage earners (which would "typically" be the wife:  women, brace yourselves for this) hold down "lower wage sector" jobs that would have gone to teenagers 50 years ago, (in essence taking those jobs from those teenagers and forcing them to rely on Mom and Dad longer, how dare we!), that with taxes and the cost of daycare, transportation, etc., it's actually cheaper for this 2nd wage-earner to stay home.

    Well.  There are a lot of assumptions there.   I agree that for many families,  the numbers should be worked out to see whether indeed that 2nd wage-earner earns enough to warrant the other hidden costs, but there are other benefits to working outside the home that aren't associated with money (self-esteem, a little "me" time, making a contribution to society, etc.).  Clearly families who may be in this position should weigh all the options involved.  Pat at About.com goes on, however, to conjecture that families opting for that second income are really doing so to fuel their desire to maintain a higher standard of living and to foster a consumerist lifestyle paved in plasma HDTVs and maids.  Ouch!

    The real answer to the question posed in the title above is:  No.  That second income is needed just to make ends meet.
    Here are some statistics from 2003 and here is an excellent interview from 2004 that support the notion that two-income families of today are actually worse off than their one-income predecessors of a generation ago.  And single, divorced mothers like myself?  We're just screwed.  Happy Monday, everybody.  Now get back to work.



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