Cards and consequences.

th-1(I’ve decided to re-publish articles now and again in honor of what the kids call Throwback Thursday. Enjoy.)

On Tuesday I participated in a TweetChat sponsored by Ally Bank, on the topic of “teaching kids the value of money.” One of the responses from another participant frankly startled me.

The question: “When is the right time to talk to your children about credit card debt?”

The answer: “I’d say when they have their own card (and a real sense of consequences), most likely as a freshman in college.”

After picking my jaw up off the kitchen table, I sent out this response: “Waiting till they have their own card is like waiting til daughter gets pregnant to say, “Don’t misuse that thing, y’hear?”


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th(Recently a reader wrote to ask me to re-run this post. So I did. And a happy Throwback Thursday to you all.)

Yesterday I had the use of a car so I stopped at the Division of Motor Vehicles to get my driver’s license switched over. The clerk asked if I’d been licensed in Alaska previously, and was in fact able to find me in the system. Fill in form ABCXYZ, take the written test and you’re good to go.

Written test? Really? Couldn’t I be grandmothered in, based on the fact that I was once a licensed Alaska driver?

Nope. Moments later questions like “How much liability insurance is an Alaska driver required to carry?” were flashing before my eyes.

The answer is “$50,000/$100,000/$25,000.” Who knew? Not me, apparently, because I got four questions wrong and the testing system kicked me out.

I’ve been driving for 38 years and I flunked the blankety-blank written test. Still can’t quite believe that. The real surprise of the day, however, came from filling out the form.


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thToday was a true Sabbath: We kicked back and  didn’t do anything we didn’t want to do. In fact, DF and I didn’t leave the property once he’d returned home from early Mass.

It was a day for naps, a bit of gardening in between rain squalls, reading and eating stuff from our own yard: cucumbers, tomatoes, green beans, raspberries and rhubarb.

It was also a day for pie. Although I love the confection dearly I rarely make it. Today I decided pie was the perfect way to get rid of some of last year’s raspberries, some of this year’s rhubarb and all the blueberries that DF got in prison.

All the best stories include the word “prison” in them, don’t they?


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thYesterday I had a stimulating conversation with a Surviving and Thriving reader who was traveling with her family. It was a frugal meet-up: We talked for a couple of hours in the play area of a Carl’s Jr. restaurant, since I figured the two kids would be bored spitless by grownup blather about  money and frugality.

Both the reader and her husband have names that begin with the letter K, so henceforth they’ll be referred to as “K-she” and “K-he.” (Didn’t get permission to out their true identities.) We talked about not just how to save money but also about the sense of freedom that comes with taking control of your cash.

K-he revealed that initially he was nervous about his wife’s proposal to be a full-time parent, fearing it would deal a death blow to their finances. But now he’s not only in awe of his wife’s mad frugal skills, he’s on board with the whole idea.

He also asked an interesting question: “Why aren’t more people like you two?”


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th-1My personal-finance pal J. Money started an interesting conversation over at Budgets Are Sexy. A reader asked if it were “a poor decision” to use an item for years, then return it for a refund.

(That’s even a question?)

In “Returning used stuff – cool or no?,” J. Money said he wrote back to the reader saying, among other things, that this was a question of personal ethics. The blogger added that he would not return anything unless it was broken or otherwise not delivering on its promise.

(In his wild youth he’d returned a used boombox two days before the return window expired, and was thoroughly shamed by the customer service rep before he got his refund. Lesson learned!)

The reader then shared that he’d needed to move and “just couldn’t throw out my bedroom set that was in perfect condition and 10 years old.” (Emphasis added.) So he took it back to Costco and, unbelievably, the store refunded his money.


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