LilSugar

Thoughtful Ways to Celebrate Mother's Day Without Breaking the Bank

babysugar — Thu, 07 May 2009 13:00:00 PDT

While children and fathers are scrambling to paint a piece of pottery and buy the right card before Mother's Day arrives this weekend, drop them one of these economical hints. Instead of treating you to a swanky spa day, tell them the lady of the house would appreciate a festivity that doesn't involve breaking the bank. Or pamper your own mother with one of these activities:

Picked flowers only last so long. Forgo a trip to the florist and take mom to the botanical gardens where the entire family can enjoy the brilliant blossoms.
Rather than taking mom out to the movies, rent her favorite classic flick and stock up on her candy cravings. When the kids are sent to bed, she can relax in pure peace and pleasure.
Who needs a five-star hotel when camping is an option? Pack up the tent, campfire tools and a satchel for a night in the wilderness. Spoil her with s'mores and hot chocolate while soaking up all that nature has to offer.

To see other ways to celebrate mum,

If it ain't broke don't fix it. Mama always appreciates being served breakfast in bed by her loved ones.
Ditch the pricey country club brunch and pack a picnic with the kids for a jaunt to the local park.
Kids love to paint! Soak mommy's toes and hands in warm bubbles and allow the rascals to color her toes and fingers. It won't be perfection, but it will be adoration.
Check the local outdoor venues to see if there is a free symphony or opera in the park.
Take her out to the ballgame! Sporty mamas will love a family day with her boys of Spring.

Maybe We Should We All Move to France?

babysugar — Wed, 27 Aug 2008 07:00:56 PDT

If you want to spark a debate, just gab about America's health and child care systems. While many countries offer new mothers a year of maternity leave, most American women get three months maximum. And in regard to financial benefits, there are few. The child tax credit offers parents a small relief, but for most, it is negligible. In France, however, it's a different story.

Even two of the world's most famous and wealthy movie stars, Angelina Jolie and Brad Pitt, are eligible for relief from the French government. While I can only assume they would reject it, People reports:

They are technically eligible for a "nanny payment" of $975.84 a month, not to mention an "orphan allowance" of $508.97 for each of their three adopted children. The grand total, $2,592.81, would be payable by check each month.

The total of their child care assistance is high due to the number of children they have, but I am still impressed that people of their stature would qualify for such aid. In addition to noshing on baguettes, wine, and cheese, France sounds like such a nice place to raise a family.
Source

Who Foots the Bill For Babe?

LilSugar — Fri, 02 May 2008 11:00:21 PDT

Families come in all shapes and sizes - from married couples to single parents to blended families and beyond.

And, this leads to all sorts of inventive financial arrangements.

Whether it's government-ordered child support or a specific verbal agreement, money can create chaos between all those involved especially when there are dependents.

So when it comes to your babe's expenses, who whips out their wallet?
Source

5 Things You Always Wanted to Know About Paying For College

LearnVest — Wed, 23 May 2012 00:15:23 PDT

Paying for college is such a complex issue. LearnVest helps simplify it by answering some key questions in regard to paying tuition.

If you believe everything you read, then you might think you need to be a Rockefeller to have kids.

That, of course, isn't the case.

Yes, kids are expensive, and thinking about paying for a college education can be scary and frustrating . . . but that's where we come in.

As with everything else in life, figuring out what to do about your kid's college savings is all about the planning, says Stephany Kirkpatrick, CFP, LearnVest's director of financial planning. Depending on where you are in life right now and how old your kids are, you may have questions about how to set up a 529 plan (which is an education savings plan designed to help families set aside funds for future college costs), what to look for, and when to start saving.

If you're pregnant or have a newborn and are starting to think about this, then good for you! The earlier you get started socking away cash for their college, the easier it will be. You'll learn a lot in this article, but you should also check out our Baby on Board Bootcamp, which will tell you everything you need to know - financially - to be ready for a baby. It includes 529 advice, as well as financial tips on everything from putting together a will and picking out a life insurance policy to buying nursery basics.
If your kid is slightly older and you’ve done your research but haven’t yet started saving in a 529 plan, then first read the four mistakes to avoid when choosing a 529 plan, and then check out the different college savings plans available to you.
If this is the first you’re thinking about it, no matter your kid's ageI, then don't worry about it. You have to start somewhere!

Read on for more.

Cannes Minireview: Killing Them Softly

Molly Goodson — Tue, 22 May 2012 10:21:14 PDT

Brad Pitt's gritty new project, Killing Them Softly (formerly titled Cogan's Trade, and based on a book of the same name), made its debut to the press at the Cannes Film Festival this morning. Considering the early hour of the screening and just how violent and drug-fueled it is as a film, I was surprised by how much I enjoyed it overall. Pitt is at his best playing the ruthless assassin, and James Gandolfini can, of course, carry a mob movie.

Who's behind it? Like Sapphires and Lawless, it's another The Weinstein Company film here at the festival. Writer-director Andrew Dominik brings together an excellent cast of men to tell his story, including Ray Liotta in addition to Pitt and Gandolfini. With that much testosterone on screen, there's not much room for the ladies. In fact, there's barely a female to be seen in the film at all. At the center, there are two bumbling thieves, played by Scoot McNairy and Ben Mendelsohn, who shine in their own deeply messed-up ways - often seen sweating and using drugs. Pitt, who we have seen playing a ruthless assassin before, does it again, this time with slicked-back hair and a cigarette dangling from his mouth as he explains his preferred method of murder - "killing them softly," rather than listening to them plead.
What's it about? On paper, it's about a heist at a mob poker game gone wrong, but as both the director and Pitt spoke at the film's press conference after the screening, it's a much larger commentary on America's capitalist society. It's set in New Orleans against the backdrop of the 2008 financial crisis and election, with actual speeches from Barack Obama and Sarah Palin sprinkled throughout. As for the actual heist at stake, Frankie and Russell (McNairy and Mendelsohn) rob a poker game that was previously hit up as part of a scam put on by its own owner, Andrew (Liotta). Pitt's character, Jackie Cogan, is brought in by the larger mob bosses to assassinate the men. Wires are quickly crossed and it can be hard to tell who is working for whom, but with the crazy visuals and hilarious, sometimes unsettling, one-liners, it is a riveting watch. I, for one, was particularly amused by the scenes about Russell running a racket by stealing purebred dogs.
More important even than the story, however, is the feel of the film. It takes place and was shot in New Orleans, a city which Pitt is clearly comfortable in. It's not quite a love letter to the city - or to anything for that matter - like The Curious Case of Benjamin Button, but it still has that uniquely gritty and stylized New Orleans feel.

To read what I thought of the film at Cannes, just

What did I think? The performances, especially by Gandolfini, could start award-season buzz, depending on how and when Killing Them Softly is released stateside. While the film is not for the faint of heart, it's a thought-provoking watch. The humor and political commentary keep it from being a straightforward mob movie, therefore setting it apart from being the same story we've seen 100 times before. Plus, Pitt's swagger, Gandolfini's monologue expertise, and a pack of dogs are welcome at any movie for me. Watch out for the last line, though, it will stick with you.

Photo courtesy of The Weinstein Company

Fixes For These 10 Money Mistakes

Business Insider — Tue, 15 May 2012 00:15:04 PDT

Everyone makes mistakes. Business Insider shares solutions for some common money mistakes people make.

Recently, two friends confessed they live check to check - a revelation worsened by the fact that they only check their bank balance once or twice a month.

We called in the finance experts, and here's what we decided they should do to get on track.

"I check my balance once . . . every two weeks."

The mistake: The more we rely on our debit cards, the easier is to go over budget - and risk having our bank misorder the charges to slap us with overdraft fees. It's the reason my friend keeps paying $39 for that Starbucks latte.

The fix: Get in the habit of checking your bank balance morning, noon, and night, says financial expert Farnoosh Torabi. "Rather than compartmentalizing into a once-a-month chore, make checking statements a habitual, daily thing."

"What, my bank offers an app?"

The mistake: Ignoring your balance can make you "forget" about incoming bills and checks waiting to clear, and not using your bank app is careless.

It also keeps you out of sync with your money, something you don't want to do in an era of rampant identity theft.

The fix: Download the app!

Read on for more.

How to Establish Financial Independence

Kiplinger — Mon, 14 May 2012 00:15:54 PDT

Becoming completely financially independent can be scary, but it's also very liberating. Kiplinger gives advice on how to establish your financial independence.

Not only is it difficult for us twentysomethings to wholeheartedly embrace adulthood, it's often also a challenge for our parents to let us go. Baby-boomer parents are generally known for mollycoddling their children, even after we move out of the house and into our own adult lives. Some parents have shown up for their kids' job interviews, and others have called up human resource departments at their adult kids' workplaces to complain about bad performance reviews or to negotiate salaries on behalf of their children.

They may mean well, but such extreme helicopter parents are actually hindering their children from growing into independent adults. "If a child is receiving too much help, then they have no incentive to succeed or become independent," says Erin Baehr, of the financial planning firm Baehr Family Financial, in Stroudsburg, Pa. "They may also be setting themselves up for some possible financial trouble down the road."

We certainly don't want that. At the same time, as young adults, we shouldn't be so dead set on finding our independence that we end up punishing ourselves by turning down valuable financial guidance and support from Mom and Dad.

So how about meeting in the middle? You can stay open to your parents' assistance but also set limits on how involved in your life you want them to be. For example, when it comes to parental career advice, Marty Martin, a financial psychologist at Aequus Wealth Management Resources, in Chicago, suggests you say, "Mom and Dad, I would really appreciate any advice you may have before I go to my job interview, and I will contact you after it happens. But I really need to do this on my own."

Read on for more.

7 Money Mistakes Women Often Make

LearnVest — Fri, 04 May 2012 00:15:55 PDT

We all make mistakes - we're all human after all. LearnVest shares some of the common money mistakes that women often make so readers will learn not to make them, too.

Some of us handle our money flawlessly, perfectly, brilliantly, all of the time.

But most of us don't.

Most of us make mistakes here and there. We make some mistakes more than others, because of our personalities, or our upbringing . . . or sometimes even our gender.

It's ridiculous, but true.

We've heard it firsthand - from our readers. In fact, we went through hundreds of reader submissions and found examples of the most common stories that cross our desks every day.

Let's be clear: Not all women make these mistakes. Not all men avoid them. But in our experience, these are a few female financial problem areas that can lead to major debt and lots of stress.

RELATED: Are You a Social Shopper?

Ever bailed out an ex? Indulged in a little more retail therapy than you meant to? Or woken up one day and realized you didn't know as much as you thought you did about managing your money? You just might recognize yourself.

Of course, if you don't, good for you. We're just saying, bad money snafus happen to good people. But read on: We'll show you the top seven mistakes women make - and what to do instead.

Feeling Guilty

"When we were together, I let my ex stay with me rent-free until he found an apartment, lent him my furniture and paid for every date because I had a job and he didn't. When I lost my job, he paid for my rent for a few months and bills, etc. Now that we're broken up, he wants me to pay him back for the rent he insisted on covering. I am still on unemployment and barely getting by. I feel so guilty because we didn't end up as the forever couple and while I can't (nor would I . . . ) calculate all of my assistance getting him settled in NYC, he can quite easily."

A 2011 study from Eversave.com found that 67% of women have felt guilt about a purchase. But that's not the only opportunity for guilt: There's also staying in a job you feel guilty about abandoning, giving someone money because you feel guilty about their situation and, oh, doing the opposite of what you want when it comes to working after having children because you feel guilty about being a good mom (more on that here).

This guilt effect might not be limited to finances, either. Some studies suggest that women are more inclined than men to feel any kind of guilt. And we'd argue, more likely to bail out their exes, too.

Read on for more.

Earning $50,000 Will Make You Happy

LearnVest — Wed, 02 May 2012 00:15:28 PDT

The magic number for happiness is apparently $50,000. LearnVest tells us more about it.

Good news! Apparently, happiness is on sale for the new, low price of $50,000.

Nope, we’re not talking about private trips to outer space, or even tuition for an Ivy League college. Apparently, all you need to be happy is $50,000 in yearly income.

That’s the finding of a recent poll by the Marist Institute for Public Opinion, which saw big differences in almost all facets of happiness between those who earn less than $50,000 and those who earn more.

Call it the happiness tipping point, if you will.

Respondents to the poll who made more than $50,000 were more satisfied with their lives concerning factors ranging from friends, to health, to how they spent their time. Unlike getting a raise from $35,000 to $40,000, or even $60,000 to $65,000, “$50,000 is the mark where you start to see significant differences,” researcher Susan McCulloch told LearnVest.

Happiness: Now 33% Off!

Depending on your own situation, $50,000 might sound like a lot. But this is actually a steep discount from what studies previously cited as the golden number: $75,000. A 2010 study from Princeton University’s Woodrow Wilson School found that, up to $75,000, each boost in income increased participants’ happiness. But after that, bringing home more income ceased to matter in their overall life satisfaction.

Read on for more.

8 Reasons You Need a Roth IRA Now

Kiplinger — Mon, 16 Apr 2012 14:50:27 PDT

Be savvy about your retirement. Kiplinger gives eight compelling reasons for getting a Roth IRA account now.

Smart young savers know to participate in their companies' 401(k)s as soon as they join the workforce to benefit from as many years of saving and compounding as possible (see Why You Need a 401(k) Right Away). But really smart young savers - including all of you who read Starting Out, obviously - should know to save via a Roth IRA, too.

In fact, the Roth IRA is such an important retirement investment tool that it now has its own holiday. On March 27, Jeff Rose, financial planner and GoodFinancialCents.com blogger, hosted an online event, the Roth IRA Movement, which he plans to make an annual celebration. He rallied 145 other personal-finance writers to spread the good word about the star savings account and inspire rookie investors to open their own accounts. "Overall, the turnout was awesome," says Rose. "Several people have already e-mailed me and said that someone they know opened a Roth IRA because of reading a post about it."

Here are some of our favorite lessons to take away from the inaugural Roth IRA Movement:

1. You can open a Roth no matter how young you are, as long as you have earned income. Peter Anderson points out in his Roth IRA Movement contribution, 10 Reasons Why I Love the Roth IRA (And Why You Should Too): "There isn't an age limit to have a Roth IRA, so even your children can have one!" They can, that is, as soon as they make money working, whether it be babysitting, lawn mowing, working retail or whatever.

And it's super-easy to open a Roth through your bank. Or you can try one of Kiplinger's favorite online brokers. TD Ameritrade requires no minimum initial investment and charges no maintenance fees. For your application, you'll just need your Social Security number, your employer's name and address, your checking or savings account number and bank routing number (if you want to fund the Roth IRA electronically), and your beneficiary's address and Social Security number.

Read on for more.