Hedge Fund Husbands or Married to the Mob?

There has been some serious financial meshugas as of late, has there not? In short order, the bond rating agencies, banks, treasury, hedge funds, Federal Reserve and aggressively optimistic (and greedy) homeowners conspired to play Jenga with the house of cards that the American (world) economy was (is) perched upon. But it was really (says this guy) only a few Gordon Geckos that got us to this point. But what about their families?

When it comes time to pay the piper, Bernie Madoff’s family may not get off any easier than the Gottis got (though they may not land a spiky-haired reality TV gig). I read a good book once that said the sins of the father were visited on the son but made no mention of what the wife catches. Presumably, by hook or by crook, she visits whichever hell, heaven or purgatory that the husband earns.

Free Dates at Friendly Stores

Good news: the economic big brains (except for Dr. Doom(s), Nouriel Roubini and Marc Faber) think the market is heading for a rebound and that typically precedes a general rebound by 12-18 months. Bad news: joblessness has hit 9.5%. While the statistics and methodology for determining joblessness borders on pseudo-science, it’s a bad sign indeed. So people will have to continue drinking powdered water (just add water) for the time being. But how do you keep the relationship (the old ball and chain) fun during these times of woe? “Be creative and keep your peepers peeled” is how.

Our pahtnahs (sound it out) over at Shine are reporting that Ikea (the Swedish furniture brand that allows you the freedom to construct your own furniture and invariably give you enough extra parts that you’re convinced you did something wildly wrong during the assembly) in New York offers childcare services to customers. In fact, the “customers” need not be even actively shopping to receive 45 minutes of free couch time.

Fun and Free: Couples Coupons

You know what’s a real bummer? When the economy is depressed and the only fiscal Prozac we’ve been prescribed is time-released, baby (Did you only an estimated 11% of the “Stimulus” dollars will be disbursed in 2009, per the Congressional Budget Office?). But, we’re humans so we do what men and Muppets do best: persevere. We take joy (not just solace) in small pleasures and learn from the situation (note: savings have increased over the last year and spending actually increased in May 2009, hopefully a portent of good things). But, for now, we have to make romance on the cheap.

But cheap doesn’t have to mean crappy. And a little creativity can be even more precious than all that material stuff (except diamonds from Zimbabwe, they were paid for with blood). Next time when you’ve got to show old girl or old boy that you appreciate her or him, hook her or him up with coupons…

Money Saving Tips from the Military

I belong to a military spouse club here in Camp Lejeune, and every so often they email you helpful news letters.. this week I got one about different ways to save money around the house. In these hard times we all know a little extra money goes a long way. Matt and I use most of these tips at home and some of them take a little extra effort but they are worth every penny.

Laundry- If you use an electric or gas dryer for your laundry, consider hanging them up outside or purchase an in home clothes hanger. ( Personally, Matt and I bought two, and they are 9.99 plus tax at Wal-Mart. They have paid for themselves. And, the great thing about them is, you can set your clothes outside to dry or if you have a rainy day they work just as good indoors. We cut our electric bill by almost 15 percent, thats almost 40 bucks extra a month. . yes, electricity is that expensive here.. )

Check your house for air leaks. Fixing them can cut cost on your heating/cooling bill BIG time! We live about 12 minutes away from the beach, and it is already 80 degrees average a day here. We had some missing insulation pieces from under our back door. We spent 2 dollars in supplies to fix it and now our AC doesn’t have to work as hard to cool down the house…

My Wife is My Boss: An Entrepreneur Couple’s Tale

“Let’s go over this again: you’re going to spend our life savings on dried fruit?” I asked my wife, Noha, in 2004 when she first pitched me the idea of starting Peeled Snacks, a fruit and nut snack company.

Earlier in the year we’d both quit our jobs to go traveling before I started a stint as a public school teacher, but I’d assumed that she’d get back to work with a position lucrative enough to offset the modest teacher’s pay I’d soon receive. Instead, she decided to become her own boss and make negative money.

Though those first days truly did gobble up our savings at a frightening rate, watching a company grow and flourish from the front row is exciting. It was a real kick when people started to actually buy these treats…

How to Be a Good Wedding Guest without Going Broke

Yes, times are tough but let us not forget that love carries on. Case in point, that growing stack of wedding invitations you have thumb tacked to the calendar. If it seems as though everyone you know is suddenly getting married this summer, that may very well be the case. Wedding season is officially in full swing and just because you’re counting every penny, don’t discount the fact that you’re still required to send a gift for every invitation that comes your way.

While Brides.com suggests that the average amount of money to spend on a wedding gift is $100, the rules of etiquette may be broken on account of a bad economy. If you don’t have quite as much cash to give this year, you can still say “I do” when it comes to being a good wedding guest.

Give your friends a gift that doesn’t have an obvious monetary value. In other words, resist the urge to write them a check in the amount of $94.25 even if it shows that you’re down to your last dollar…

Cheap Date: Learning a Language

Sometimes the stock market increases 15% year over year. Sometimes we bump up interest rates because growth and inflation and moving too quickly. And sometimes ordinary people buy unaffordable houses with strange loan products because the home is guaranteed to double in value (in a short, short time). That sometime is not today. While the country’s fiscal vitality is showing signs of a perk up (except for a certain symbolic flagship auto manufacturer, that is), us ordinary Toms are having a tough go of it.

Rather than cry in our Mad Dog 20/20, we can make our own fun. We don’t have to drop ducats on theater tickets, surf-and-turf specials, trips to St. Bartholomew’s or season passes to Six Flags to have a great time on a date. You can get creative and do something much better. This time around, learn a language together…

From Dual Income to No Income

When couples get hitched they agree, often in front of large audiences, to support each other through the thick and thin. It’s well understood that there will be times when one of the partners in the union will need a bit of propping up. But what happens when both partners need a boost? As the nation continues to wade through waves of unemployment, many households are going from two regular paychecks to no paychecks at all, reports Joann Lublin in The Wall Street Journal.

Talk about putting a strain on a marriage. In April, the national unemployment rate continued its climb to 8.9 percent as the number of jobless Americans went from 563,000 to 13.7 million according to the National Bureau of Labor Statistics. …

Pawn That Engagement Ring!

You both thought two months salary would last forever…but it never got that far. But just because your heart is broken doesn’t mean you have to break the bank staying financially afloat during this recession.

These days ‘the pawn shop’ is online. The site IDoNowIDon’t.com has seen record site visits and “a banner month for product sales,” says the owner. One ex-fiancee hawked her $30,000 five-carat, Bulgari-inspired engagement ring online and fetched $18,000 to help her pay off debts and start a new company…

4 Reasons to Date the Unemployed

Historically when a woman found out a man she wanted to date was unemployed, she would go running for the hills. But these days, with the recession affecting people in all professions, many recently laid-off men actually make very promising boyfriends. Chances are high that these men worked in law, banking, or another field that requires a decent amount of education, intelligence, and motivation.

While these men may fall into the dreaded unemployed category, they are still desirable, and maybe even more desirable than men who still have jobs. Here are four reasons why starting to date someone who’s been laid off can actually be better than someone who has to go to work every day…