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Being a mother does not need a salary. Stop giving us one.

February 27, 2012 by Jana 38 Comments

It’s not often that I get fired up about any particular topic. But when I do, I fly hot. So sit back and hold on because this is one of those times. Note: I am fully prepared for some of you to disagree with me. That is fine. I welcome dissenting opinions. But please be respectful. Any personal attacks, threats, or nastiness that goes above and beyond common social courtesy and decency will be deleted.

I hate blog posts that break down the value of a stay at home mom (or working moms, though working moms usually get part-time salaries). I hate them for many reasons. First of all, all of those jobs that are used (chauffeur, doctor, personal chef, psychiatrist, etc)? Are bullshit. They are all part and parcel of being a mom and to break them down into separate components essentially eliminates the role of a mother. Why do writers feel the need to compartmentalize the complex and sophisticated job of a mother in order to attach a dollar figure? It’s ridiculous.

How do they even come up with these job titles anyway? Do they sit down and think about everything that they believe a mom should be doing in her day and equate some random profession to it? Do they have a master list that they use and think “Hmm. This could fit. Let’s add that!” And the salaries that they attach to some of the “jobs” are just as insane as assigning the job titles. “Mom” is enough of a title; just that word alone conjures up a specific job description. There’s no need to assign anything else to it.

And while we’re on the subject of money, why does the title of mom even need a salary? Speaking as a mother, being someone’s mother cannot be attached to any sort of salary. There is no way I can put a price tag on the look my daughter gives me when she says “I love you, Mommy” or the time we spend reading books, playing games or even arguing about her going to bed. How can you quantify something that is not quantifiable? I don’t care how many “finance experts” tell me that when I’m talking to my daughter about a problem with her friend, I’m acting as a psychiatrist. I’m not. I don’t charge her by the minute or make her lie down on the couch. No, I sit there and listen to her and I don’t expect any sort of financial compensation in return. Why? I’m her mother. That’s what I’m supposed to do.

Let’s move on from the money aspect for a moment. I may be completely oversensitive (which is actually true) but I find those types of posts to be a slap in the face to working moms. A mother who works outside the home is no less valuable to her family than a mother who stays home. Working in an office or store or in a courtroom or wherever does not make those moms exempt from cooking, cleaning/laundry, helping with homework, driving kids to activities. They still do all of those things for their kids, they just do them in a more compressed time frame.  Sometimes, just sometimes , maybe working moms understand what precious few hours they have with their kids and use that for quality time rather than taking advantage of it. How is that not valuable to their families? (And, yes, I know a lot of SAHMs who spend way less quality time with their kids than working moms as well as the other way around.)

But I think what really fires me up the most is the fact that when bloggers and finance experts write those kinds of posts, it deepens the already large divide between working moms and SAHMs. I am convinced that the media-created “Mommy Wars” were constructed to sell books and make for good headlines. The Mommy Wars does nothing but fuel jealousy and competitiveness amongst women. We already do that enough to ourselves. Why do we need the media manufacturing something else to make it worse? We don’t, and I wish a lot of these people would back off. Because no one wins. No matter what, some moms are going to feel superior and some are going to feel guilty.I’m tired of women having to feel like they have to explain whatever decision they’ve made and I’m even more disgusted with the shame that is often attached to those decisions. Why is that? It’s wrong and it’s sickening. No one should ever have to defend her choice and what’s best for her family to anyone else.

Like in the 1% vs. 99% debate, neither side is completely right. Every woman has to choose what works best for her family. If that means staying home, great! If that means working outside the home, great!  But for finance writers and bloggers to quantify, or assign a salary to, the job of mother (SAHM or working) is wrong and insulting. Because no matter what, we all add value to our families in ways that go beyond dollar signs.

Filed Under: Family matters, opinions, random, work

Practical tips for saving money? Not always.

February 24, 2012 by Jana 26 Comments

Here in the personal finance world, many of us dispense information about saving money, living frugally, cutting back on expenses…anything to help you manage your money in the best way possible. I know I do it, and some of my favorite blogs do it. It’s information that most people need but unfortunately, a lot of the tips given are ludicrous.  They may amount to small savings, which is good and I’m sure that lots of people need those small savings (after all, little things do add up), but when you think about the tips from a practical standpoint, they’re not always the best route.

A few of the ones that I can’t stand:

  • Unplug appliances and electronics when not in use. Fine, vampire electricity is a real thing. But going around my house every single time I want to leave or every single time I come home is a nuisance. Do you know how difficult it is to get to some of the power cords? Also, I hate resetting clocks. Almost every appliance in my house is attached to a clock. Instead of unplugging everything. I’d rather just turn things off. For instance, we sleep with a fan even in the dead of winter. When we’re not asleep or in the room, we turn the fan off. Simple. Fan’s not running, we’re not paying for it. But as for the power strip that holds the cord for our TV, the Wii and the Blu-Ray player, I’m not turning it off every time I leave the house. It’s impossible to remember so I’m not even going to try. I’ll pay the extra $.74/month (or whatever it costs). [Read more…]

Filed Under: budget, Money, money tips, opinions, savings

Guest Post: How Culture Affects Money Habits

January 23, 2012 by Jana 5 Comments

Since I’m on vacation this week (today is my last day), I thought I’d use the time to showcase some guest bloggers. Today’s blogger is Dannielle, a new personal finance blogger from Barbados. Her blog Odd Cents is a mixture of personal finance and lifestyle, featuring exciting articles, tips and suggestions.

How do you view money? Do you see it as something which is meant to be spent here and now, and as soon as it is received? Or is it a commodity that is meant to be enjoyed, but can be passed down from generation to generation hence creating wealth for those to come after you? Personally, I think it’s a bit of both. Money is relevant “now”, but can be of value in the future.

The way that you view money can be influenced by your culture. An old teacher once described culture as the way of life of a people which is usually passed down from generation to generation. In many cases, the way that you are socialized can determine your attitudes towards money. My parents do not spend wildly – they are very level headed and cautious when it comes to money, and I have those same traits. Their parents also lived by these rules and now they have been passed on to me.

A couple weeks ago I watched a documentary which compared the money habits between the western world and the eastern world. One of the points I noted was that the Chinese saved approximately 20-40% of their income as compared to us in the west, who save only 5%.

For example, let’s assume that your salary is $1000. The documentary is basically saying that the western world saves between $200 and $400, whilst those in the eastern world, save a mere $50. I’m not sure what statistics would have been used to come up with such figures, but that’s a pretty big difference.

One possible reason for this difference in saving habits was perhaps alluded to in an article written by Xin Lu, which is a perfect example of how culture affects money habits. She explains how her Chinese culture influences her attitude towards money. Her principles were based on age old Chinese traditions of frugality, saving, paying for items with cash and looking for a bargain.

Unfortunately, not all of us have positive cultural influences which affect how we view money. But, there are some people, who have chosen to turn that into a positive effect and create their own cultures which encourage good money habits. I’ve read many stories where people admit that their parents and guardians were horrible with money and are in dire financial situations. They in turn use the mistakes as life lessons on what not to do.

How does your culture affect your money habits?

 

Filed Under: bloggers, Guest posts, opinions

Couponing crazy or Crazy couponer?

January 18, 2012 by Jana 9 Comments

Admin note: Today, many websites are blacking out to protest House Bill 3261, Stop Online Piracy Act (SOPA). Simply put, I’m not because I’m technologically inept and I fear that if I blacked out, I’d never recover my site. Instead, I’m encouraging you to contact your Federal legislators (here’s a list of how to contact them) and ask them not to support this bill. It won’t just affect those the bill claims to target; it impacts all of us. Think it doesn’t? If you use Facebook, YouTube, Wikipedia, Google or hundreds of other sites, it will. So, do what you think is the right thing to help stop SOPA.

Now, back to business as usual. Since I’m on vacation this week, I thought I’d share an oldie but a goodie from my inactive blog, The Empty Kitchen. Enjoy!

Like so many others, I have been watching the TLC series “Extreme Couponing” with both fascination and disgust. I was originally inspired by the one hour special to try a now failed coupon experiment but now I’m just…well, I don’t know what I am. I think I’m just confused.

I get the allure of coupons, I really do. If you use them properly you really can save a ton of money. But the amount of time, energy and space that these womenwaste  spend on their coupons is insane! Yet for some reason, I keep watching.

When I’m done with each episode, I dissect it in my head (and sometimes out loud, with my husband), going over the merits and downfalls of each couponer (and, for the record, the word is pronounced “coo-pon”. This “cue-pon” nonsense drives me batty) and her strategy. There are some who I’ve decided are coupon crazy for a valid reason, like the woman who has a husband that only works seasonally and then there are some–most, really–who I’ve decided are just straight-up batshit crazy. I’m also failing to realize the difference between some of these couponers and some of the featured guests on another favorite show of mine, “Hoarders”. So, I’ve invented a little list to help me differentiate:

  • If you buy 62 bottles of mustard even though no one in your house eats mustard but you have a coupon, you’re probably a hoarder
  • If an entire shower stall is filled to the ceiling with toilet paper and now your family of 7 only has 1 functional shower, you’re probably a hoarder
  • If you’ve had to build an entire room for toothpaste, you’re probably a hoarder
  • If you’ve spent money installing a specialized storage shelf in your garage to house all of your canned goods, you’re probably a hoarder
  • If you rummage through garbage or steal from other people’s driveways just to get more coupons, you’re probably a hoarder
  • If your coupon binder weighs more than you do, not only are you probably a hoarder but you also need to eat a sandwich
  • If your husband breaks into a sweat hauling your purchases into the house because you went into coupon overdrive, you’re probably a hoarder
  • If you buy 3 years worth of diapers for a child you have not even conceived, you’re probably a hoarder
  • If your stockpile can take you through the year 2485, you’re probably a hoarder.
  • Finally, a stockpile that  is organized, meticulous and “beautiful” does not mean that it is not akin to hoarding.
  • This is not normal. This is hoarding, unless it's in a warehouse. A personal garage should not look like CostCo.

Please don’t get me wrong. I am all for having a stockpile and using coupons. It does help save money and get you through when times are tough. I also understand that many of these couponers donate their items, and that’s a great thing. But what this show is doing is detrimental to people who use coupons like normal, sane people. It’s putting out there a misconception of those who are frugal and are careful to plan their shopping trips around sale prices and match coupons to those prices and purchase a reasonable quantity of food/hygiene items (I don’t care what anyone says, 800 packages of hot dogs is not a reasonable quantity. Unless you are feeding every player in Major League Baseball at once).

I realize that TLC is purposefully sensationalizing the people on this show. I realize that TLC is trying to make a point about using coupons and how, if you’re meticulous enough, you can save mad money with coupons. I also realize that the featured couponers on the show are edited to look crazier than they are. But the stockpiles speak for themselves. And what they say to me is “I’m one shopping trip away from Hoarders”.

That is not healthy.

Filed Under: coupons, opinions

What makes a personal finance expert?

December 29, 2011 by Jana 19 Comments

Someone recently asked this of me: “You write about personal finance. What makes YOU an expert?” Let’s forget about how ridiculously rude that question is and focus on the answer.

The quick answer: Nothing. There is nothing that legitimately qualifies me as a personal finance expert. I don’t have a degree in business, finance, accounting or anything of that nature. I’ve never been a business owner. I don’t have any certificates, licenses or fancy letters after my name. I’ve never run a company. Hell, I’ve never even been a supervisor. So really, nothing formally qualifies me as an expert.

I continued in my rambling by saying that I rarely give how-tos and I even more rarely dispense information on topics such as IRAs, life insurance, mortgages, etc. I leave that to other bloggers who are legitimately qualified to discuss them. I am not an authority or an expert on those topics and I don’t pretend to be. I even mentioned that I have a disclaimer telling my readers that I’m not an expert and that the information shared is based solely on my experience, opinions and mistakes. This person seemed satisfied with the answer and moved on.

But here’s the problem: I don’t really believe that answer. I do think I’m an expert. I’m not an expert in the global sense or in the manner of Dave Ramsey or Suze Orman, and I’m certainly not qualified to dispense professional advice. But I am an expert on me and my finances. I’m an expert on my life. I know what I did, what I didn’t do and what I should have done. I’m an expert on my stories, experiences and opinions. I’m an expert on what I’ve learned works and doesn’t work for me. I’m an expert on what I wish I had learned. I learned enough to be able to articulately and authoritatively discuss personal finance as it relates to me.

The core of this whole discussion, for me, is the term “personal finance”. The word personal is what I’m choosing to focus on. Yes, there are basic concepts of general finance. But personal means that each person can take those concepts and apply them as needed to her own situation. That is what I claim to be an expert in–my personal finance and how my experiences with my finances have affected my perspective.

And that’s what makes me an expert.  While I knew about credit, budgeting, saving, investing, insurance and all of the other components of personal finance in it’s abstract concepts, I didn’t really get my education until I had to. If I wanted to eat and pay my bills, I didn’t have a choice but to learn. I took it upon myself to learn how to budget and get out of debt. I read and talked to people and then read some more. I took that information and applied it to my situation. By getting into and out of debt, I’ve learned more about the practical application of personal finance than I would have had I had a degree or license or certificate.

Let me be clear. This is not to say that I believe that a basic, school based education is not important. I think that all kids should be taught the basics of personal finance, especially since so many kids do not get that education at home. I didn’t. But I learned about it in school. That basic education made it possible for me to write checks, manage a bank account and pay bills when I was in college. But I didn’t get the real, hardcore education I needed until I found myself deep in debt. That’s when I started reading, learning and practicing the fundamental concepts of personal finance. That’s when I learned how to take those abstract concepts, make them concrete, and use them in my life.

I hope that as I tell my stories and share my perspective, people can learn from them. I hope that some of my stories are a cautionary tale, some are inspirational and some are just entertaining. What’s important to remember is that those experiences made me a smarter, more knowledgeable person who is now equipped to share that firsthand knowledge with others. My hope is that others can learn from my experiences. If one person can get on her own path towards being debt free or if I prevent one person from going down the same road I traveled, then I did a good thing.

So the next time someone asks me what qualifies me to be an expert, I have my answer. That answer? Life. Life made me an expert.

How would you have responded to that question?

 

Filed Under: opinions, random

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Jana

I'm Jana ...

A book reading, nail polish wearing, binge watching, music loving, dog owning, reluctant cheer mom.
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