Tag Archives: parenthood

Spending Season

9 Dec

spending season header

 

letter Tis the season when it feels like there’s money constantly going out the door and relatively little going in. Between end of the year expenses, property taxes and Xmas gifts and all the little unforeseen incidentals, it’s easy to feel a little financially deflated at the end of the year. As my dad used to joke when we were kids, as long as there are checks in the checkbook there’s money in the account, right?

This is a subject that’s been on my mind a lot lately. The debt-load you need to take on to become a dentist is nothing short of crushing, let alone a practice acquisition loan and a mortgage if you’re lucky. Weighed down by all that red ink it’s tough to look past the nose on your own face. Debt-reduction becomes something of a desperate quest and although my accountant assures me that paying off debt is exactly the same as building savings, I am acutely aware that I’m basically in survival mode — which is to say I’m paying off my debt, but my savings account isn’t anything I would call “comfortable”.

I’m just a few days away from turning 41. At best I’ve got another 30 workable years in me… if I’m lucky. My oldest is about to turn 9. That’s the 1/2 way point. The years we have to get her ready for college are just as few as the years we’ve had since she was born, and those years FLEW by.

I have realized that there are things a responsible member of society must do no matter how painful: Pay taxes, take care of your health (re: exercise), and financially plan for the future. That means it’s time to stop living week-to-week like we did in our 20’s and 30’s and start thinking about our 70’s and beyond. It’s time to start thinking about things like 401-k’s.

In short, it’s time to start saving.

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When you’re a moderately successful blogger *snort* sometimes opportunities present themselves to you. Recently I was invited to attend an event put on by ScholarShare, an organization that runs 529 accounts (I know… my eyes glaze over too with talk like that. But I have pledged to make this sort of knowledge part of the new “responsible” me… just like exercise.) 529 accounts are essentially the same thing as 401-k’s, only where 401-k’s are retirement accounts, 529’s are college savings accounts. Essentially, just like with 401-k’s, you invest your money with higher risk for larger gains in the beginning, and then as you get closer to the time when you need the money it gradually moves into lower risk investments. What particularly strikes my fancy is that for three kids that have more toys/junk than they can ever appreciate, during the holiday season family members and friends can contribute to an existing ScholarShare account or create one for a child as a holiday gifting option for as little as $25.

 

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ScholarShare treated a bunch of bloggers to a fancy dinner to talk about 529’s and even offered a little compensation thanks to One2One Network (that was nice of them) if we shared the experience on our blogs. In truth, this is a talk I would have gone to whether or not there were blogger incentives. Saving for college is something I need to get serious about and I wanted to hear what they had to say.
The short story is the people from ScholarShare came off as very genuine and honest. I was wary of walking into a timeshare-pitch sort of evening. There was no salesmanship, nothing pushy, no used-car-salesman vibe at all. In fact, since they partner with TIAA-CREF they are a non-profit, so they don’t pay their bills with transaction fees like other financial planners. All they wanted was to get the word out that 529’s are the best way to plan ahead for college savings, and that they would love to be considered by anyone looking into one.

For my money, they seemed like a legit outfit worthy of consideration.

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That said, I’d like to try something a little different with this post.

For the sake of getting my head around how to financially prepare for my kids’ college, I’d like to start a little conversation in the comments below. How are you preparing for college expenses (or how did you prepare)? Do you think college is even an investment worth making in today’s world? (There’s a good argument to be made that it isn’t). What are your fears about saving for college/retirement? What do you know now that you wish you knew then?

In the comments below share your knowledge. Share your fears. Share your questions. Maybe we can help each other out.

 

-Dork Dad

2 Cups Of Love

12 May

2 cups of love title

letter In the DorkDaddy household my ability to screw-up Mother’s Day (or anything else for that matter) is legendary. I would like to think that given infinite time and infinite resources I would be able to knock it out of the park every year, but I’ve come to believe that there’s something in my DNA that practically *requires* that I blow it somehow.

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Truth told, genetic predisposition aside, I’m sure my epic Mother’s Day screw-ups would be less “epic” with just the smallest incremental increase in the free-time-factor. Between work and kids, our agendas are scheduled right up to the bleeding edge. I see patients from 7am to 6pm, with about 30 minutes (at home) for lunch. Dinner is at 6:15, then it’s bath time, pajamas, stories, bedtime… suddenly it’s 9:00 and I have just enough time to fall asleep in front of a TiVo’d rerun of “Big Bang Theory” before it’s time to wake up and do it all over again. Weekends are packed with soccer games, swim lessons, birthday parties, homework projects, play dates… Needless to say, as Mother’s Day 2014 crept up this year I hadn’t had the mental bandwidth to dedicate one brain cell towards planning something special for UnDorkMommy.

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May is T-ball season, and this Saturday just happened to be the day we were in charge for snacks/drinks for the team. Naturally neither of us had the time during the week, so Saturday morning rolled around and UnDorkMommy sent me out to the grocery store in my pajamas to buy oranges, crakers and juice for 15 (and Starbucks for UnDorkMommy).

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I spent more time than I care to admit roaming the aisles ((where the **** do they keep the ****ing Pirate’s Booty?!?!)) Eventually I found myself in the baking section and a solution to my Mother’s Day problem presented itself. Thank you Betty Crocker.

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On the way back from the store I dropped off the supplies at my MIL’s house (she’s just around the corner) and informed my wife that after the game I would be taking the big kids with me for an hour or two after the baseball game. Game finished, I swept up Episodes IV and V and we disappeared over to Grandma’s house for a little lesson in following directions, kitchen life-skills and last-minute Mother’s Day shenanigans.

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All told, the experience turned out great. We had a ball on our little project. I was amazed to see how well the kids managed the eggs, measured the ingredients and handled the electric beater. When we were all done it might not have been the prettiest cake ever made, but it was made with an overabundance of love. When we presented it to UnDorkMommy Sunday morning (DorkDaddy knowing full well that she doesn’t particularly “like” cake) she had to admit that the extra helping of love made it the best cake she’d ever had.

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-Dork Dad

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Dork Industries 2000

14 Jul

letter what do you do when your blog has entered its 4th season, readership is down and your stories are getting stale?

What do you do when your kid darts off down the street and you realize you’re too out of shape to stand a chance of catching up?

What do you do when you have to roll up in your beat up old jalopy to the PTA meeting with all the keeping-up-with-the-Jonse’s soccer moms?

What do you do when it’s time to trade your Porsche in for the family wagon?

Dork Industries has the answer for you!

dorkindustries2000 knight rider minivan

 

That’s right. Sit back and take in the awesomeness.

Now taking orders.

 

-Dork Dad

super pursuit mode

 

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