Marriage-Saving Money Tips: The Worst of '09

  • Love and Marriage ... and Money

    Mr. Fuchs: When it comes to financial planning (even for financial planning columnists), well-laid plans can leave the fold of our heads and then — well, just fold. Mrs. Fuchs: You can say that again. I thought your New Year’s resolution was to start telling new jokes. Mr. Fuchs: It’s not New Year’s yet. But seriously, at the end of every year, we look back at our worst financial planning mistakes and like everyone, we make some biggies. Mrs. Fuchs: You can say that again. Mr. Fuchs: Like everyone, we— Mrs. Fuchs: Ahhh... Mr. Fuchs: Seriously, though, the goal of taking inventory of your mistakes is not to beat yourself up or wring your hands. It’s to learn and, hopefully move on, to better plans that are easier to maintain. Here are our five biggest, baddest financial planning mistakes of 2009. Fingers crossed that we don’t repeat them in 2010. Photo Credit: Getty Images
    A Cash-Only Life
  • A Cash-Only Life

    Mrs. Fuchs: Number one is a no-brainer. In May, looking to control expenses and avoid credit cards, we promised each other to pay for everything possible in cash. But with three kids and work, even getting to the bank often enough proved too cumbersome. Click here to read the full story. Photo Credit: Getty Images
    Sock-ing Some Money Away
  • Sock-ing Some Money Away

    Mr. Fuchs: While allowing that it would take a financial saint to start saving for the holidays in April, we resolved to do it in August, promising to put $100 cash in that personal Fort Knox that a thief wouldn’t dare enter: my sock drawer. Even that was too early and too manufactured a plan. It failed. Click here to read the full story. Photo Credit: Getty Images
    Spooky Savings
  • Spooky Savings

    Mrs. Fuchs: Realizing that Halloween is, statistically speaking, a huge retail holiday, we tried not to turn ours into a horror show. With homemade costumes and Costco candy, we did a decent job, but between school parties and nephews and nieces and kids' friends over for Trick or Treating, unanticipated costs still added up. Next year, we have to figure out every last cost down to each piece of candy corn, then add 50%. Click here to read the full story. Photo Credit: Getty Images
    A Major Life Choice
  • A Major Life Choice

    Mrs. Fuchs: Some good ideas just go unrealized. We have a lot of life insurance on you, but none on me. It would be a good idea, but the added near-term expense was hard to absorb. Click here to read the full story. Photo Credit: Getty Images
    Holiday Charity
  • Holiday Charity

    Mr. Fuchs: Onto happier subjects. For these holidays, we aimed to mix in charity to all the end-of-year gift giving. Truth of the matter is that with holiday travel and other commitments, we’re not even around much. To do more than one-and-off charity, next year, we need to ramp up our efforts before the holiday season gets into swing. Mrs. Fuchs: You can say that again. Mr. Fuchs: Don’t worry. In honor of it almost being New Year’s, I won’t. Click here to read the full story. Photo Credit: Getty Images
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