Parents and Money

The following post is by staff writer Melissa Batai You’ve likely heard of multi-generational living.  This type of living arrangement has grandparents, parents, and kids all living under one roof, and it’s common in many parts of the world including Asian countries as well as India.  While you may have respected others who live this way, […]

Paying Grandparents to Watch Kids

by TTMK on July 15, 2013 · 9 comments

Child care can be extraordinarily expensive.   I had a conversation recently with someone without kids, who assumed it cost a couple of hundred dollars per month for a kid to be watched.  Well, his jaw dropped when I told him exactly how much it really cost for most people.  He first thought I was joking, […]

Father’s Day Financial Lessons

by TTMK on June 10, 2013 · 11 comments

With Father’s Day soon to be upon us, it’s a great time for each of us to be thankful for everything our good old Dad did for us.  As I reflect upon this, there is much I can be thankful for.  While most of this is not money-related, there has been quite a bit of good […]

Money is a topic that can be very private for a lot of people.  Now, I do love to discuss money in general though!  I’m sure that’s beyond obvious 🙂 At the same time, I don’t like to share exact details of my own personal situation, in terms of specific numbers.  Most people tend to be […]

Who likes taking obligations from others? Feeling like you owe them something? Not for me.  This is why the topic of getting financial help from in-laws in one where I have a pretty clear point of view: I prefer not to get it. First of all, I haven’t had the luxury of getting any financial […]

What do you think of the idea of living with parents in your 20’s? Or, putting the shoe on the other foot, the idea of your kids living with you when they are just of college? Well, I’ve heard more instances in recent years about people living with parents to save money, which seems like […]

In-laws. If you’re lucky, you have great ones. Some people aren’t as lucky. There is a couple I know that has encountered some interesting issues with in-laws. I know this couple well, so I won’t make the details identifiable – and will relay the situation is a slightly different way. But you’ll get the idea […]

Who Pays for Dinner with In-Laws?

by TTMK on March 15, 2012 · 9 comments

Respectful deference, neutrality, or expected payback? This pretty much characterizes the issue at hand when it comes to dealing with some situations involving money and in-laws.  Some people seem to think they are there to take care of elders, while others see the role of in-laws (or parents) differently. When it comes to who pays […]

Aging Parents and Money: How Much to Help?

by TTMK on February 16, 2012 · 6 comments

The stork doesn’t deliver babies. Rather, parents bring kids into the world. We all know that, right? Well, the same people who bring us into the world are obviously older than us – and sometimes can age right before our eyes. One day, our parents may be young and full of energy – but later, […]