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.

Love in the Time of Layoff: Surviving a Split

Getting laid off by your boss is one thing, but downsized in your relationship? Often, that’s harder.

Jessica did not see it coming. According to the celebrity press, Ms. Simpson and Tony Romo had locked it down. He had won over her finicky dad and the rest of her posse. They ignored the hounding press and developed their own happy hideaway. But July 9, Romo called it quits, leaving Jessica “sad, mad, and confused.”

Getting dumped always sucks, no matter what else is going on in your life, or in the world. And recessions are no barrier against divorce and separation. Just ask Jon and Kate, or Amy Winehouse (well, not the best example), or Timothy Hutton, who is splitting with his wife of nine years…

How to Survive and Thrive in the Recovery

An ounce of a prevention is worth a pound of cure, they say, and many of us wish we’d thought ahead about the downturn we’re in (it’s not like you couldn’t see it coming, with teetering mortgages built on nothing and monolithic banks crumbling all around).

So, lesson learned. Now we look ahead to recovery. What are you doing to prepare? The signs of an end to the recession are inconsistent, at best, with economists and banks — and politicians — all over the map on their predictions. But the day may come when the economy is robust and healthy, and you need to be ready for it. No longer will lavish spending be something you want to flaunt. Frugality is in; it’s here to stay. If you don’t want to be caught all bespoked and besotted with pecuniary privilege, you’ll need these essential tips for slimming down now, before it’s too late (with apologies to U.S. News):

1. Rethink your lifestyle. It’s okay to live at home for a little while. Call it shag chic à la 1970s basements.

2. Couponize. They’re better than food stamps.

3. Downsize permanently. Ditch the manse and live on the road. It worked for Jack Kerouac.

4. Get competitive about it. Isn’t there a reality show about scraping and scrounging? Oh, right. The Real Housewives of New York City…

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.

Recessionary Travel Devices

Ah, summer. A time of travel, fun — and trying to cut down on staycations. If you’re getting away this summer, or even thinking about it, The Simple Dollar has these rules for keeping costs down. The list was written for businesses, but it seems useful for anyone heading out on the road:

Plan around public transportation. Before you leave, figure out how to get to your hotel using public transportation in the city, print out the route, and keep it with you. Do the reverse for the return trip as well.

Make lodging reservations directly with the branch you’re staying at. Use web sites to identify places to stay, but before reserving a room, call the hotel directly before using the online reservation system and don’t hesitate to ask for a reduced rate while on the phone. You’re likely to get a much better rate, particularly if it’s out of season, during the week, or you’re staying for a longer period.

Don’t spend a dime in the airport. Throw a few granola bars and an empty bottle into your carry-on bag…

Love in the Time of Layoff: Man Behind the Curtain

Note: Deborah Siegel was due to submit her post today, but her growing responsibilities in a rapidly developing venture have precluded her doing so. In other words— the twins are really kicking her ass. Despite being deep into the second trimester, her “morning sickness” hasn’t let up, and she is currently sitting up in bed with a cold compress on her fevered brow. She has thereby ceded the reins of “Love in the Time of Layoff” to me. You, dear reader know me as her house-husband, Her Man Godfrey, her Sancho Panza, her sometimes Bartleby. And now I’m honestly maybe a little too giddy with power. I am Marco.

Yes, I do exist… even as I eliminate the last traces of my existence in our little one-bedroom apartment.

I spent the afternoon yesterday dismantling my desk and bookcase and moving them out of our bedroom: we are staging our apartment yet again. It’s been on the market for months, and with a looming move to bigger digs in Park Slope we’ve redoubled our efforts to get it sold. New broker, new price, new priorities: we needed to let in more light and air, make the place roomier. It became obvious that my office away from work, my study and refuge from a crazy world, my anchor, was doomed. Into the boxes with my design books, my graphic novels and old Tarzan pulps. Reality beckoned…

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…

Love in the Time of Layoff: First Money, Then Love

They say you’re never supposed to talk about money, but in the recession, it’s kind of hard not to. Despite a growing savings rate, there has been massive income loss and a dramatic devaluing or even obliteration of assets. For a lot of us, money is forefront and ever-present on our minds.

But should you bring it up in relationships? Absolutely, say CPAs, therapists, love coaches and relationship experts. In marriages, money has always been the number one cause of tension, regardless of whether we’re rolling in it or dining on Ramen noodles…

Recession Obsession: Forever 21

I wouldn’t mind being 21 again, to see what it’s like through wiser eyes and maybe correct some of my youthful screwups. But I don’t think I could take it for more than a few days. On the other hand, I could spend a week in Forever 21.

During the boom, when some fashionable friends started pushing the teen store as a source of cheap, trendy duds, I popped my head into New York’s Union Square location. It was loud and so packed with adolescents I didn’t even check out the merchandise. “I like to shop with grownups,” I said.

But when the recession rolled my clothing budget back to where it was when I was 16, I took another look at Forever 21—and discovered its discount charms. The shop is a great source of sexy summer dresses, shorts and accessories…

Budget Beauty: Home Economics and More

The fact that we’re in a recession is no excuse for looking poorly groomed and shabby these days. After all, when else are you ever going to have this much time to obsess about your looks? Certainly not once you’re back to being employed and locked inside a cubicle 10 hours a day.

From beauty store discounts to “recessionista specials” at some of New York’s poshest salons, the opportunities to look good for less are endless during this economic downturn, so long as you know what you’re doing, when to splurge, and where to find the best deals.

A roundup of some of our favorite tips and tricks…