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  • Budget Baby: Making Saving a Habit

    We all know we should start saving –recession looms, possible layoffs, plus living paycheck to paycheck just sucks.

    But unfortunately, so does saving. It's such a drag, especially when we live in such a rabidly consumer culture. We're encouraged  to define ourselves by possessions and you can’t pick up a magazine, turn on the TV or even surf the web without product come-ons.

    Now, I wouldn’t have a job if that were not the case –somebody has to finance the sparkling prose you read here on the 'Derby, for one – but defining ourselves through our stuff isn’t making anybody any happier and means we're going to have a lot of peers suffering through retirement with $200 diaper bags they can't trade in for prescriptions.

     

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  • They Say: Your Stuff Does't Make You Happy

    Bad news for "retail therapy" seekers everywhere: more stuff won't make you happy. At least, not for very long.

    This feels like old news, but it's probably worth repeating the results of a new study anyway. Especially since we're not getting richer, food and gas cost more and we're likely in  -- or entering into -- a recession.

    Here's the deal:

     

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  • Are You Better Off Than Your Parents?

    Looking around the average suburban neighborhood, replete with 4 bedroom 1 1/2 bath houses, 2 car garages loaded up with newer vehicles sporting in-dash DVD players, it certainly appears that some of us are "better off" than our parents before us.  But according to the Wall Street Journal, this isn't the case.

    Men in their 30s today earn 30% less than their counterparts in the mid-70s.  Obviously, total household income is higher in families where there are two breadwinners, but so are daycare costs and cost of housing as a percentage of total income (I'm not even talking about gas prices).

    As our expectations of the good life change and expand (just look at the size of homes now as compared to 20 years ago), it is also more difficult to measure how we are faring compared to our parents.  Personally, I think we're better off from a material standpoint, but in general our debt-to-income ratio is horrid and our material expectations have gotten totally out of hand.

    How does your family's income/lifestyle compare to your parents? 


  • I Hope My Kids Are Poor: Escaping the Gaping Maw of Material Culture

    As recent reports indicate, Americans are spending more, saving less, and the outlook for future generations earning capacity is growing dim.  To this I say "HUZZAH!"  I hope my children make less money than I do.  More than that, I hope they learn to live with lower material expectations than their peers and their parents.

    Marketers have long known about the "nag factor" and are brilliant at accessing the bottomless and apparently trainable greed of younger and younger children.  Manufacturers are no longer as concerned that Mom approves of certain toys.  Instead they develop "work-arounds" to get the children to nag their way into securing their favorite slutty doll.

    So I've developed a solution.  It's called "Operation Sackcloth & Ashes" and it goes like this:  From now on, for each Christmas, birthday, or gift-oriented event, I'm going to give each of my daughters a simple gift from nature -- a rock, a pinecone, a wee little tiny birds nest full of delicate eggs.  Soon, the darlings will be exclaiming over the simple joys of eating breakfast, wearing clothes, breathing, and having heat and water inside the house.

    By taking away television and restricting all contact with other children, I hope to have the children ready for Waldorf by Fall.



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