Did you know that a couple bringing in about $60,000 per year will spend $8 -10,000 on a baby the first year and early years thereafter? Those making six figures are looking at $24,000. Due to economic straits it’s no wonder that Millennials are pushing back baby making, not to mention home and car buying, according to The Atlantic‘s Jordan Weissman. Weissman, who provided the above stats, chatted with Patt Morrison this morning on KPCC about this very real issue, and how it only hampers economic revival – - diaper and pregnancy test companies have recorded taking hits! Are you prolonging car buying, home buying and baby making, too?
Read on about the story here: http://www.scpr.org/programs/patt-morrison/2012/08/30/28187/millennial-babies-generation-y-recession-american/
You’ve crossed the wedding finish line, but there’s still so much more to be done! Now you have your whole lives to plan.
Have you thought about buying a home? Don’t know if it’s a possibility in this economy? Here are some hard facts; plus, simple ways to start saving – all featured in my latest article for The Huffington Post.
LOTS of <3,
p.s. – Make sure to vote on THIS POLL!
I came across an interesting article in CNN Money, “Talk money with your spouse — and keep the peace,” about a husband who can’t seem to cut through his wife’s intransigence on financial issues; namely, saving. Writer Walter Updegrave paves some conversation starters and more. What’s key, according to Updegrave?
-Communicate positively and amicably and not from a place of anger.
-Set small and large goals.
-Work on budget.
The Husband has been using this nifty iPhone app every time we go to the market lately. It’s called Shop Savvy, and no product is immune from its cost-comparing scan. At least not under TH’s watch. Just yesterday at Ralphs, I went for a pack of gum that he sized up. The computations showed it would be 20 cents cheaper if I’d bought it online.
Savings are important – especially in a newlywed household. Do you want to own a home one day? Have children? Travel? ? If the answer to any one of those is yes, then it’s important for you to save where you can. Not that I’m saying spending 20cents less on a pack of gum is going to make you a Rockefeller. We should simply start to become more conscious.
We should also pay attention to Teri Gault, founder and CEO of The GroceryGame.com, who is a cost-cutting wizard. Here are some of her tips:
Lots of <3,
A recent article The Atlantic Journal-Constitution shed some interesting light on our current economic woes as relates to marriage. It’s a vicious cycle and chicken vs. egg debate: single-parent households are on the rise, unemployment dissuades people from marrying, marriage prevents poverty, engagements happen, engagements unravel due to economic stresses, children are born. What comes first and how bad is it?
The article cites that “the median family income for married couples raising children in Georgia is almost $75,000; for families headed by single men it’s less than $36,000; for families headed by single women it’s less than $24,000.” Furthermore, “In Georgia, from 2008 to 2010, the poverty rate was higher among single women raising children than among the unemployed — 39 percent vs. 31 percent — according to an Atlanta Journal-Constitution analysis of 3-year census estimates released Thursday.” One researcher even noted that marriage plays a bigger role in abating the likelihood of poverty than having a high school diploma.
So if marriage abounded would our economy be better off? Not quite, the article concludes. Finding work still remains the priority, and the problem.
Read the full article here: http://www.ajc.com/news/fewer-marriages-fewer-jobs-1211694.html