Dodging the Parental Boomeranger

“What goes around, comes around.”

How many times have you heard that phrase used as a subtle threat or reminder of another’s misbehavior?

Boomeranger.

That’s a word that baby boomers invented to label – in a semi-demeaning sort of way – adult children who return to their parents’  home to escape the realities of their own financial problems. (I actually don’t think that all boomerangers should be demeaned, but that’s another topic for another day.) Read more

Living Within Your Means and the Marital Allowance

The mainstream media is now chock-full of stories about married couples having to tighten their belts to “live within their means.”  It is interesting that these stories are only recently becoming popular because not living within your means is a problem whether the economy is in good shape or, like now, in terrible shape.  But reading a recent story about this spendthrift couple in the New York Times, the picture becomes clearer. Read more