Nov 5 2012
As part of our month-long series dedicated to Women, Work & Money, Tamar Snyder highlights the best ways for women to get involved with philanthropy.
Women rarely refer to themselves as philanthropists. We tend to think that the term refers only to the uber-wealthy–to people like Bill Gates, Michael Steinhardt, and the Bronfmans (all men!). But that’s not the case.
In fact, a growing body of research on men, women, and charitable giving suggests that women of all ages–especially Baby Boomers and older–are more likely to give to charity and give more than their male counterparts. This is true even though women still earn less than men, on average; live longer and tend to be more risk averse. Read the rest of this entry →
Nov 2 2012
As part of our month-long series dedicated to Women, Work & Money, Melissa Langsam Braunstein tells us about her struggles to splurge.
Not too long ago, I had lunch with a college friend. When we hung out in our 20s, we’d talk about politics, office politics, and the romantic entanglements of our friends. Now that we’re new parents, we kvelled about parenthood.
He loves being a father, and I love being a mother. We love it all–-except the cost. At some point, we found ourselves agreeing how surprisingly expensive baby gear is. “I just don’t buy things for myself anymore,” he said. I nodded, because while I hadn’t really thought about it, the same is true for me. Read the rest of this entry →
Nov 1 2012
As part of our month-long series dedicated to Women, Work & Money, Sarah Tuttle-Singer shares her child-support strategy.
Last month I had a grand total of 42 shekels in my bank account and no place to sleep with the kids. Nights get cold here, now. The sun sets early, and the usual standbys–the pool, the pub for dinner, or sleeping in a tent–are no longer options.
But the most stressful part of all of this was I couldn’t pay child support for two months. Read the rest of this entry →
Oct 30 2012
As part of our month-long series dedicated to Women, Work & Money, CPA Bette Hochberger offers her advice about paying nannies on vs. off the books.
We all know that the cost of childcare is high. After considering how much we will be paying for a nanny or housekeeper, who wants to think about taxes we need to pay in addition to that amount? Wouldn’t it be easier to just pay your help under the table? It is very tempting to avoid these so-called “nanny taxes,” but here’s why you need to pay them, and an overview of how it’s done.
The IRS and the state you live in require you to pay these taxes–it’s the law! And the consequences are severe. By not paying these taxes you are committing tax fraud. You could face penalties, interest, and, in the worst-case scenario, jail time. Your nanny will also face penalties when she fails to report this income on her personal tax return. You will also be cheating her out of her future Social Security, Medicare and unemployment benefits by not paying the taxes. Read the rest of this entry →
Oct 25 2012
My overworked, exploited child.
If dispatches from the 8th grade trenches are to be believed, when it came time for everyone to go around the room and answer–en Espanol!–what chores they did around the house, my 13-year-old son was the most overworked in his peer group.
He loads the dishwasher. He takes out the garbage. He sweeps the kitchen floor. He sorts and folds the laundry after it’s been washed. He takes his younger brother to school in the mornings and he babysits both his siblings in the evenings when we go out. He also, on those rare weekend mornings when my husband and I try to sleep late (i.e. until 9!) has been pressed upon to produce a toaster waffle or a bowl of cereal for the younger two. Read the rest of this entry →
Oct 19 2012
As part of our month-long series dedicated to Women, Work & Money, Alina Adams talks about the changes in her family’s income over time.
Every subsequent child born into a family is supposedly better off. Their parents are further along in their careers, and there’s more money to go around for everyone.
Not exactly true at my house. When it comes to our October focus on Women, Work & Money, my third child is actually the most underprivileged. Read the rest of this entry →
Oct 17 2012
As part of our month-long series dedicated to Women, Work & Money, Adina Kay-Gross talks about her “money personality,” and how it clashes with her husband’s.
When you met your significant other, in those early heady hyperbole-riddled days of Sunday morning brunches and trips to bucolic B&Bs, what did you talk about when you fantasized about your lives together? Did you dream about where you’d live? How many kids you wanted? Perhaps, since I’m talking to you, here, on Kveller.com, is it safe to assume you discussed religion and whether either of you cared enough to build a sukkah or join a synagogue?
I bet you discussed all of those things. Maybe you even went so far as to get into the nitty-gritty of your future kids’ education and if they’d play sports and how much time you thought you’d spend with extended family and where you’d vacation, if you were lucky enough to take one. Read the rest of this entry →
Aug 16 2012
It seems as though lately, everyone is talking about money and how to make it, save it, stretch it, invest it, or just not spend it in the first place. It has even gained popularity in the Jewish community–check out Kosher on a Budget, which daily posts a long list of coupons, sales, and even tips on how to get the most for your money. Being frugal isn’t just for the poor anymore, either. It’s hip now to wear hand-me-downs (so long as you call them “vintage wear”, of course) and recycling isn’t just for post-depression grandparents–it’s the only politically correct thing to do! In fact in my county it’s mandatory and you can be fined for not separating the trash from the recyclables, which actually leaves personal conviction for being “green” totally out of the equation. Read the rest of this entry →
Aug 2 2012
Every year on July 11, 7-11 offers free Slurpees. And every year, I take my kids to get some. This year, since we were staying in Brighton Beach, the annual acquisition required marching my 13, 8, and 5-year-olds half an hour each way in the midday heat, over a highway underpass, through a vaguely sketchy neighborhood–and back, all for a gratis cup of crushed ice, sugar, and water.
It was at this point it occurred to me that my lifelong, complicated relationship with money might stand some… reevaluating.
Because it’s not just free Slurpees that make me do crazy things. I also have marked on my calendar National Free Doughnut Day, Ben & Jerry’s Free Scoop Day, and Haagen-Dazs’s, too. I know every free movie screening in New York City, the best public library theater, art and science programs for kids, which museums are truly pay what you wish (MET) and which ones will pretend they don’t know what you’re talking about (MoMA). Read the rest of this entry →
Jul 31 2012
One night, my husband, Heath, and I talked about how the pace of life with two kids would be easier than three. We noted how cramped our bed becomes with two extra little people in it on Sunday mornings. Where would a third go?
I had just read a New York Times article about preserving the environment by having no more kids than would outnumber the parents in order to maintain, instead of increase, the carbon footprint. I thought it was a very solid argument. It helped to justify our satisfaction with two kids. Read the rest of this entry →