Posts filed under ‘family’

Is Suze Orman Right About FIRE?

Three mornings a week I drop my children off at school and head directly to the gym. My neck and back are forever tight and achy, but I find that a quick jaunt on the elliptical machine loosens my muscles and my mind. In the beginning I listened to music and pounded out the minutes with Linkin Park. Then I discovered a few podcasts that introduced me to so many amazing ideas. Those three days of the week, when my children aren’t underfoot, I can focus on the voices and ideas being fed directly into my ears.

I have a few favorites that I listen to without fail, but every once in awhile I search for something new. This week I ventured into the Afford Anything podcasts and listened intently to the “Why I Hate the Fire Movement” podcast.

Although I didn’t agree with everything Suze Orman had to say in that podcast I did agree with a lot of it. My grandmother lived to the ripe old age of ninety-four. She lived on her own, in an apartment with little more than an aide to cook her lunch and dinner two to three times a week. I can only hope that I am lucky enough to live that long in such great health with such an active and strong mind. My luck hasn’t been that great so far.

My grandmother loved to watch the news and she loved to debate. Sometimes we agreed, but often we did not. No matter how much we challenged each other’s thoughts we always walked away with love in our hearts. I loved to hear the conviction with which we shared her opposing thoughts. Until the very end her arguments were well constructed and sound.

In the last few years of her life my grandmother went back and forth between her house, the hospital and a rehabilitation center. Over and over again she rebounded from her bouts of illness and made her way back home and while she enjoyed living on her own she was often quite lonely.

My grandmother and I shared a deep connection. Many times when I thought about her the phone would ring and there she was on the other end. Telling me she “wasn’t dead yet” and that “she hadn’t talked to me in awhile.” Even if I had called her earlier in the week to chat. I would give anything to give her a call right now and tell her how much I miss hearing her voice or the cackle she made whenever my kids did anything to amuse her.

I learned so many lessons from my grandmother. She was my money mentor and although I’m not sure she ever listened to Suze Orman she certainly echoed her sentiments. She taught me to use my money wisely. She taught me to save. Above all else my grandmother didn’t understand why people used credit cards if they couldn’t afford to pay off their bill each month. She lived in a time before credit cards. In a time when layaway meant you had to earn and save enough to buy the item you coveted.

While my grandmother never wanted to admit she was aging I sometimes wonder if she would have lived longer in a place that assists the elderly. On her own she failed to feed herself as often as should and lacked social interactions, but the truth is she couldn’t afford to move into a nice retirement community.

When she turned ninety my dad met with a financial planner who said she could only live five years in the retirement home where she wanted to go. It was a nice place, but not extravagant by any means. My grandmother had spent her life living frugally and saving money, yet when the end was near she was told her half million would barely cover half a decade.

It was unclear what would happen if she outlived her money, but one thing is certain. She wouldn’t have been able to stay at the place after they sucked up her $500,000.

Luck was on my grandmother’s side. She lived a long and healthy life, but what if she had been sick sooner? What if she hadn’t been able to live alone in those last few years? Perhaps long term care insurance would have been the answer. But like all insurance you are hedging your bets and paying a hefty price while praying you don’t get sick enough to need care. When do you purchase insurance and what do you do if you have illnesses that prevent you from attaining coverage?

I don’t know what the answer is, but I do think Suze Orman made pertinent points in saying that in old age we often need much more money than we might expect when we are young and healthy. You might not think a ninety year old woman would need more than half a million dollars, but as you wind down your life do you really want to spend it in a subpar facility?

I particularly liked Suze Orman’s comments about searching for a job you enjoy. I love how she talked about Warren Buffet, Bill Gates and Elon Musk continuing to work even though money was no longer a worry. I know many in the fire community thought this sounded elitist but I disagree. Some of these people are shining examples of those who could have walked away decades ago.

I do think that Suze Orman misunderstood some aspects of the FIRE movement, and her delivery was far from ideal, but in her defense the RE portion of FIRE stands for “retire early”. Perhaps we need a new term for FIRE. Something that indicates the desire to continue to work and contribute to society, not just step away from it all, which is what many people think about when they think about retiring.

While I know Suze Orman makes a ridiculous amount of money selling her books and television shows I still think her message in this podcast is relevant and important. None of us can project how healthy we will be or how long we may live. While it is certainly important to live for today we wouldn’t want to make the mistake of believing we may never need more money than we initially projected.

October 24, 2018 at 4:55 PM 6 comments



For the past four and a half years I haven’t taken the greatest care of myself. Instead I have poured every ounce of my being into raising my children. Now everyone on earth has told me that this is not healthy, but for some reason I failed to heed that message.

After waiting over thirty years to become a mom and struggling for over two and a half years to conceive my children it seemed to make perfect sense to spend every waking minute caring for them. No, that doesn’t make sense? Maybe not, but that’s what my heart and soul told me to do.

Now that I am waking from this four year slumber I want to carve out time for myself. This is, of course, something I should have done right from the start, but as they say it’s better late than never.

A week and a half ago I started working out a gym near our house. After the youngest little guy is sound asleep in his crib, (I still nurse him to sleep every night), I tip-toe out of his room, grab my sneakers and work out for an hour. Sometimes I leave the house just after eight and other nights I’m not leaving until well after nine, but no matter the time I try to carve out an hour at least two to three times a week.

I could certainly stand to lose some weight, but this is less about weight loss and more about going out of the house, away from my children who I spend almost every waking minute with it. This is my time to do something just for me.

On the nights that I don’t work out I am trying my best to either blog, color, meditate or simply put down all of my electronic devices and go to bed.

While I have to wait until the children are asleep to leave the house I am happy to have any time to myself and I am especially glad that my husband is cheering me on and encouraging me to get the heck out of here.

Until last week I didn’t realize how rarely I drive without my children in the car with me. It feels good to roll down the windows, turn up the music and just go without worrying about sippy cups, snacks and when I last nursed the little guy.

It feels unbelievably good to carve out time for myself and to be alone!

Photo Credit

April 20, 2016 at 3:41 PM 1 comment

Time for Our Annual Financial Meeting

200547695-003Way back in March of 2006 I read The Family CFO and subsequently asked my husband if he’d like to sit down for an in-depth meeting to discuss our current finances as well as our short and long term goals.

At the time I took this task very seriously. I created an agenda and followed the step-by-step process outlined in the book.

Here is the agenda from our first meeting:

  • Review Net Worth Report
  • Review Cash Flow Report
  • Discuss Major Expenditures
  • Discuss Insurance
  • Discuss Expected Tax Bill/Rebate
  • Discuss Plan for Excess Cash (ex. CD – 1 year, 6 month, etc)
  • Discuss Goals/Accomplishments from the previous year
  • Exercise
    • Write & Share Goals
      • Ex. Retire @ 50
      • Return to College
      • Replace Furniture
    • Assign a Time Frame to Each Goal
      • 1 – 5 years
      • 10+ years
      • 30 years
    • Rank Goals
  • Discuss Options to Achieve Goals

While we consistently held these annual meetings for years, and updated our goals and progress, we dropped the ball starting shortly after my son was born. With the addition of baby #2 later this month my husband thought we should schedule another meeting. It’s time to look at the calendar and set a date.

I plan to gather all of our paperwork and hopefully use a prepaid restaurant gift certificate to eat dinner while discussing our finances. It will be good to get on the same page before the newborn chaos begins!

March 1, 2015 at 6:50 PM Leave a comment

Not Exactly What I Had in Mind

plus size prom gown in UK

The day after my husband and I were married I turned to him and said, “Can we do that again?” After spending so much time picking a wedding dress, venue, flowers, food and all of the other fun stuff that comes with hosting a wedding I was bummed that the big day had come to an end.

To be honest I never wanted a big wedding. I wanted to get married on the beach in North Carolina surrounded by a very small number of family and friends. Somehow or another my family talked me out of that idea. It started with my parents. My dad asked, “How on earth my 80 year old grandmother would walk in the sand?” This was followed by questions like, “where will people stay” and “how many people are going to drive south for this event?”

I’ll be honest. I didn’t care how many people attended the event or what they did with themselves before and after the wedding. That sounds rather insensitive, but at the time I stupidly thought weddings were for the bride and groom. I later learned they are often for the parents of those getting married.

My tiny list of invitees grew exponentially as my parents and in-laws added relatives and friends I’d never met. My grandmother even wanted in on the action and asked to invite a table’s worth of friends to the big show.

The wedding list expanded from forty people to just over one hundred. My husband and I certainly could have said no at any point in time. After all, we paid for the wedding ourselves, but I could sense the excitement in our parents and didn’t want to disappoint them.

I spent a few months planning the big day. Visiting florists, picking out menus, invitations and all the rest of the things required of the bride-to-be. The day of my wedding was a sunny and beautiful seventy-five degrees. Everything went off without a hitch and I was glad everyone convinced me to host a traditional wedding.

In fact I was bummed by how quickly the day ended. I spent months thinking and preparing for that event; an event that only lasted four hours and due to the big list of attendees I wasted one of those hours greeting relatives and friends my parents and in-laws invited. Three hours of fun after months of preparation? It hardly seemed fair.

The next day I told my husband I wanted a do-over. Don’t get me wrong I do not regret the details of my wedding. It’s just that I wanted to throw another big party, with just the people I loved in the place that I love. I told my husband we’d renew our vows after ten years on the beach in North Carolina.

Well we never planned that big celebration. Thank goodness we didn’t. Rather than renewing our vows we spent our anniversary fighting off the norovirus. My son tripped off the event with seven straight hours of vomiting. My husband quickly followed suit and I came to the party about eight hours later.

As I laid on the floor next to my son’s crib I couldn’t help but laugh about the situation. It’s funny how things change over time. Ten years ago I wanted to throw a big party. These days I couldn’t care less about that. I just wanted to spend the day with my family.

I suppose my wish was granted, but certainly not in the way I expected.

October 9, 2014 at 5:02 PM 6 comments

My Advice: Unequal Financial Gifts for Grown Children

A few days ago I posted a reader’s question about unequal financial gifts for his children. I thought I’d follow up with my advice. Here is the email I sent in response:

Up until this point I have only received comments and emails about this subject from grown children and I appreciated hearing from a parent’s point of view.
I have not experienced financially inequality from my own parents, but I have witnessed it many times via extended family members.
Here is the issue… Hypothetically, f I work hard, stay on track and save my money I can afford a house in a nice community. If my sibling does not do these things do they “deserve” the same life that I live? Do we not make choices in our life and have to live by the choices we made? For example, if I choose to become a software engineer than I may earn a lot, but I might not enjoy my job. In that case money wins over enjoyment. If my sibling chooses to become an artist they may love their job but not be able to afford a house in a nice community. I believe resentment grows when a sibling sees a child getting the best of both worlds; a life they enjoy and financial success (in the form of money from their parents).
Similarly if a child goes through his late teens and early twenties enjoying life and running up debt, while another sibling settles into a career and starts working, is it really fair to even the financial score. That sibling had the time of his life and ends up right on track with their sibling who had to work hard and make a way in their lives for themselves. Resentment breeds when perception says “I didn’t enjoy the last ten years the way my sibling did and now they are on equal footing.”
You also have to take into account “perceived” need versus “real” need. Is your son really in such a dire predicament. Does he really need to move into a new, nicer community if he cannot afford to get their himself? I have seen parents who believed their children “needed” an SUV because they had two children. There are many families who drive smaller cars and get by just fine with that. Only you know if he really needs help, but it is important to realize that your dreams for his life may not match up with his salary and lifestyle.
Having said all of that I love my son more than anything I ever could have imagined in life. I am going to send him to preschool next week and my heart breaks for the couple of hours that he will be away from me each week. While I know that it will be good for him to play with other children I hate to let him go even for just a little bit. The love we have for our children is strong and as parents we want to do everything in our power to protect and help them. Ultimately you have to follow your heart in your decision and if you believe your son needs help then you will probably provide it to him.
I would suggest talking to your daughter about the situation though. From what I’ve seen a lot of the pain comes from misunderstandings between parents and their children. The child who receives money feels loved. The child who does not feels left out. If you plan to give your son money I would have a very frank and open conversation with your daughter about your choices and how it ultimately effects her. She may be perfectly fine with your decision but even if she’s not she will appreciate the fact that you were concerned over this topic, that you thought of her feelings and that you reached out to her before doing anything. Let her know that you are concerned that she will not receive equality in this situation, but that you love her so much that you wrote a comment seeking advice 🙂
My son is not even three, but one of my goals in life, (and I sure hope I’m able to remain on task), is to provide a level of transparency into the decisions we make for him. If we don’t understand motivations we may come to resentment them.
Thanks again for leaving a comment and sending an email. I do hope you will let me know what you decide and how things work out. I wish you the best of luck.

September 1, 2014 at 5:41 PM 1 comment

Reader Advice: Unequal Financial Gifts for Grown Children

Over the years I’ve written a lot about unequal financial gifts for children. In response I’ve received many personal emails asking for advice. Up until this week all of those posts came from grown children in these situations, but a few days ago I received this comment from a concerned parent.

I thought I would repost his comment and ask my readers for advice. What do you think this concerned father should do?

We very much love and have been trying hard to treat both our now adult children equally. We paid for their education, though they paid for their living away from home.  They love and trust each other, and this is very important for us.

Our daughter worked hard in school, got a university diploma and has been working tirelessly, even now, while raising her three teen/pre-teen children.  They have their own house with a large mortgage, but they live comfortably as both she and her husband have good income, and need no financial support.

Our son, several years younger, had a couple of false starts at college but eventually got a minor degree, while engaging in a more liberal and financially less responsible lifestyle, accumulating a sizable debt.  We cleared most of his debt with a “loan” at one point, most of which was left unpaid.  At the time we made it clear that it will be considered  in the distribution of our estate whenever…  Many years later, after getting married and having one child, he lost his job (not his fault…), and had a hard time finally finding one, which is still just an unpaid “Internship”, hoping it leads to a reasonably paying full time position.  Now their second child is coming, and they still live in a rented apartment, in an area not preferred for raising children.  Their savings are not enough for the down payment on a reasonable house.  We live frugally, but would be willing to help him out from our limited retirement savings.  However, it would be difficult to justify giving an equal amount to our daughter now, as our savings were meant for our old age, so we should have no need to rely on our children’s help.  In a way, we would like to equalize the chances of our grandchildren.

So, what to do, and how to do it?  We would love to hear from you, the contributors of this blog “on the other side of the coin”.

August 30, 2014 at 9:30 AM 3 comments

For the Women Who Want Baby Girls


I know a lot of women who dream of having baby girls. I suppose the same is true in reverse. I’m sure there are a lot of men who want a baby boy, though it’s more unusual to hear them speak of it.

Unlike most American couples we decided not to find out my son’s gender before he was born. Shortly after I became pregnant I bought a journal with the word “BELIEVE” on the cover and in it I wrote “I want a baby.” I know it sounds absolutely crazy but I believe in telling the universe what you want in life. Writing it down seemed like an official declaration of my desire.

After awhile I changed my declaration and declared “I want a healthy baby.” This later changed to “I want a happy, healthy baby.”, and finally “Dear God please help me receive a happy, healthy baby.”

I kept that journal in my closet and wrote in it before every doctors visit and every sonogram. I never added a gender to that request. I never wrote “baby girl” or “baby boy.” My only hope and dream was that my child would be happy and healthy.

This post is not meant to sound judgmental. I certainly understand a woman’s desire to have a daughter. Just as I would understand a man’s desire for the same.

I was unbelievably curious about our baby’s gender, but I was not drawn to a specific gender. When I worked in daycare, many moons ago, my most beloved child was a three year old little boy. Every afternoon when I arrived he would climb into my lap and tell me stories like all three year old children do. I’m not sure why I connected to him, but I guess there doesn’t need to be a reason for bonding to occur.

Before my son was born a few friends and family members said, “I think you’ll have a girl.” They said it in a way that really meant, “I sure hope it’s a girl!” Other friends told me they would have been “devastated if they never had a girl.” This frustrated me beyond belief. Having a child growing inside of you is a miracle in and of itself and I did not want to think any less of this child because the gender was not what someone else wanted or expected it to be.

Whenever I heard these comments I replied “I will love it no matter what” and I meant that with all of my heart.

A few hours after my son was born a nurse came into the room. My husband was passed out on the couch after a 5:00 am deliver and I was snuggling with my newborn. She asked me what gender my child was and when I told her he was a boy she said, “Isn’t it funny. Once a baby shows up in this world you can’t imagine any other baby laying in his place.” In my life I have found few other statements to be so true. Before your child is born you may create mental snapshots of what color his hair or eyes might be. If you don’t know the gender you may think it’s going to be a girl or a boy, but once your child is laying in your arms you suddenly can’t remember that child you previously pictured.

I can’t speak for every mother out there, but I can tell you from the deepest region of my heart that I could not imagine loving a child any more than I love my son. Once you hold that baby in your arms you will completely forget that you dreamed of a different gender. At least I hope that will be the case for you.

September 26, 2013 at 2:23 PM 7 comments

My Husband is Not a Moocher

HandsPhoto by:

My husband has many good qualities and a few that drive me absolutely crazy. He’s the type of guy that won’t let his parents buy him an expensive birthday gift, even though they clearly have the money to pay for it.

When we’re in a restaurant he always yanks the bill off the table and immediately hands over his credit card. This ensures that no one else can share in paying the tab.

If he rides your jet skis he’ll pay for the gas he used. If you cross a bridge on your way from point A to point B he’ll dig cash out of his wallet before you reach the toll booth.

I admire his desire to pay his own way, but I wish every once in awhile that he would accept gifts from someone else. Do we really need to pay for each and every item we use?

Do we need to split the cost of dinner when someone says they really want to treat us? Shouldn’t we keep our credit cards in our wallet when our parents offer to buy us an expensive birthday gift. Especially when we know they have more than enough money to pay for it.

No one else ever offers to split the bill or pay for the gas they’ve used. To be honest no one other than my husband ever even seems to think about it.

Today I was complaining about my husband’s desire to pay for things when my mom stopped me dead in my tracks. “You know”, she said, “It’s good that he’s not a moocher. You could never accuse him of that and you would never admire him if he was like that.”

She’s one hundred percent right. I don’t think we should have to pay his parents back every time we eat with them, but deep down I do admire him for wanting to share in the costs.

Better to be married to a giver than a taker.  Better to be married to a man who wants to give of himself than one who wants to hoard all that he’s given.

Thanks mom for the reminder.

September 11, 2013 at 4:20 PM 6 comments

The Value of Writing It Down

When I was in middle school I started writing a daily journal. Unfortunately, when I turned fifteen I destroyed it. I was embarrassed by all of my tales of wanting to fall in love and decided to rip up the pages and throw it away. (Such a silly thing to do.) I returned to keeping track of my thoughts intermittently in high school and college, but over time those records were also lost. I’m not sure if I purposefully discarded them or if they were caught up in some mass cleaning I performed when moving from point A to point B, but either way I can no longer find them.

I’ve maintained a variety of other journals along the way. While I was traveling in Barcelona I wrote down everything I could remember each evening about the places we visited throughout the day. And when I unexpectedly fell ill eight years ago I kept a daily journal listing my thoughts and fears.

In this digital age it seems a lot easier to keep track of my thoughts. As soon as I feel the need to dump out my thoughts I can grab my laptop and start typing. Over the past seven years I’ve created four separate blogs to address my desire to write. The first blog was focused on the time of my medical problems. I started One Frugal Girl second. It was my attempt to clear my head of all of my aches and pains. It gave me something else to focus on during a time when it was truly difficult to focus on much else.

Before my son was born I started a pregnancy blog. Actually it goes back a month before he was conceived when I experienced a chemical pregnancy after months of trying to get pregnant. I now maintain a blog for my son. In the beginning I listed details about his growth, milestones and what he was learning, but over time it has become so much more than that.

Now I write about his personality, the things I love about him and how much I’m learning as a mom. Sometimes when I can’t sleep at night I pull out my iPad and click back to the very first blog entries and read the entire blog in order. I only write intermittently when the mood moves me, so there aren’t a ton of entries in the pregnancy blog or my son’s journal, but it can still take a few hours to read things from start to finish.

Looking back last night I wish I would have written more. As I read through the pages I now realize how much I have already forgotten about those early months. In the beginning I focused more on his abilities and less on the emotions and I wish I could fill in the cracks with how I felt throughout that first year.

Initially I thought I was writing that blog for my son. I wanted him to be able to look back on his early years and know what I was thinking, but as time passes I realize my words are really being typed for me. It’s a way to treasure and retain the wild emotions of parenthood. It’s a way to relive those moments so I can treasure them as long as I live. To get my homework assignments written, I use as a solution.

August 6, 2013 at 12:15 PM 2 comments

Highlighting the Positive – Do You Focus on the Pros or the Cons?

For the most part I try to focus my energy and my life on the positive. To be perfectly honest it’s difficult to live in the negative. Life is full of ups and downs, but I don’t want to be one of those people who constantly lists all of the bad things that happen to me or the way my life disappoints me.

Whenever I write about luck and opportunity on this blog I inevitably receive comments and emails pointing out how perspective, (the desire to see things positively or negatively), impacts my outlook. While I definitely lead a blessed life I know in my heart that perspective plays a role in just how good it feels to live it.

Marriage is one of those tricky situations where husbands and wives can choose to focus on the positive or the negative. Sometimes I write and think about the negative aspects of my spouse, but that really isn’t fair to him.

Here is the truth about my husband.

I had a series of major medical problems shortly after we were married. During that time my husband never wavered in his devotion to me. Although we had known each other for seven years before we were married it was certainly scary and unexpected. I’m not sure what my husband thought deep in the back of his head, but he NEVER showed any desire to abandon me.

On the night that I was admitted to the hospital he came home, gathered up the blanket I slept with as a child and brought it back to my hospital room. Given the circumstances he wanted to make sure I was at least comfortable. He called me on his drive back home that night and cried at the thought of leaving me there without him.

My husband is the small gesture, big bang for your buck kind of guy. When we were dating, (it was early in college), he left love notes on my door and in my notebooks in the hopes that I would be happy and surprised when I found them.

When he left for Colorado one winter he stowed them in all sorts of places so I would find them as I went about my day. There was one inside the dishwasher, one inside the freezer, one next to the cat food and a bunch of them in my car and dresser. Just sweet little notes to show he thinks of me and knows my daily routine.

At night he often makes me an ice cream sundae. He scoops the ice cream, drizzles chocolate syrup on top, with sprinkles, mini chocolate chips and whipped cream. He knows exactly how I like it.

He checks in on me at night. While I’m writing in my blogs or reading a book he’ll come by from time to time to say hello. He touches my feet, shoulders and arms and makes sure I have a glass of cold ice water.

At night he often turns down the corner of my blanket so I can slip inside without displacing the covers. He’ll charge my laptop or iPad and leave it next to my pillow.

Whenever I’m sad or upset he immediately knows something is wrong even when I don’t tell him. He always manages to find just the right way to cheer me up. Whether it’s giving me a big hug or making me smile.

He says the sweetest things. The kind of things that make my eyes swell with tears because I immediately know how much he loves me. It took us a few months to conceive our son and he once told me it was perfectly okay, that it was in fact a good thing, because it meant we had more time to share together. I can’t tell you how much I needed to hear those words at that moment in time and how much they meant to me.

He supports our family by trudging off to work five days a week and coming home to run his business until two o’clock in the morning. It’s important to him that I stay home with our son, (rather than placing him in daycare), and he never waivers on this fact even when I do. He tells me often that I’m a good mother, especially on the days that are the most trying.

He’s always looking for ways to improve our lives. Although I usually squawk about spending the money, he’s often right about the impending changes. They do make our lives both better and easier.

He’s a handy guy, which I would definitely recommend as a trait in a husband. He can fix just about anything and usually does. If he can’t he never complains when I ask him to call the electricians or plumbers. It’s a job I don’t like to do and I’m happy when he’s in charge of communicating our needs with those guys.

There are so many positive things to list that as I type this I’m surprised by how much I harp on the negative. In life we often take the people around us for granted. I hope he reads this list and realizes just how much I love him!

July 2, 2013 at 11:28 PM 2 comments

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