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Personal Finance Round-Up: The Baby Bump Edition

By Money Crashers

pregnant womanIt was a double announcement that caught much of the tech, business, and parenting world by storm: Marissa Mayer, Google’s long-time VP of Location & Local Services, was departing the Internet’s largest search engine in favor of its rival, Yahoo!, where she’ll assume the title of CEO. The move makes Mayer arguably the most influential woman in the technology field and, quite possibly, in the world of business.

But that’s not all. Hours after news of her new job broke, Mayer announced – via Twitter – that she is also preparing to take on the title of “mother,” as she and her husband are expecting their first child in October. And while the Google-to-Yahoo! move was a biggie, it was this move – from married woman to working mom – that generated even more discussion. Mayer says she only plans to take a few weeks off after her little boy arrives, and will work through most of her maternity leave from home.

Mayer’s promotion to CEO sets a new standard for working moms, argues Jamie Joseph over at LearnVest. In her post Google’s Marissa Mayer Appointed CEO of Yahoo!, Announces Pregnancy, Jamie writes that “women struggle in the digital and corporate worlds, even though evidence shows that companies benefit from having them in upper management.” In fact, as Jamie points out, no one at Yahoo! expressed any concern about hiring a pregnant woman to guide the company’s proverbial ship, nor any issues with having a new mother at the helm just weeks after delivery.

However, this could also be a double-edged sword for working moms. The United States already has one of the worst maternity leave policies in the industrialized world, and seeing a high-powered corporate mom like Mayer take an abbreviated, working maternity leave could put pressure on other new moms to do the same.

In fact, having kids opens dozens of financial cans of worms:

Avoiding Having Kids Costs Money Too [Master the Art of Saving]
Many adults focus on the cost of having children, but as Jen points out, not having kids can have an impact on your bottom line as well. From oral contraceptives, to surgery, to barrier methods, Jen looks at just how much money you could spend month-to-month, year-to-year, and even decade-to-decade in the pursuit of remaining childless.

A Trip a Year Keeps the Babies Not Near [Punch Debt In The Face]
Ninja admits he’s not ready to become a dad – and he’s got a pretty unique way of communicating this to his wife: “It’s in my best interest to start bribing her to hold off. That’s why I’ve made the promise that for every year we don’t have children we can go on a bigger vacation,” he says. But with their two-year anniversary approaching, just how much longer can this couple hold off?

Youth Sports, $5 Billion, and Your Kid [Simple Finance Blog]
Each year, Americans spend $5 billion on youth sports, writes Elizabeth at Simple Finance Blog. “My parents estimated they’d sunk more than $40,000 on what they’d once believed would be a ‘cheap’ hobby,” she writes about her childhood sport, swimming. From the most expensive sport (ice hockey) to less-expensive options, here’s what to consider before signing your child up for a youth league.

Odd Ball Costs of Having Kids [Budgets Are Sexy]
If you’re a parent, you know that diapers, food, and school costs can really rack up over the years. But Len Penzo thinks outside of the box for this post, outlining some of the far more unusual kid-related costs, such as wasted electricity: “Kids seem to have no trouble flipping on the light switch when they enter a room. In fact, I can’t remember the last time my kids walked into a room and forgot to turn the lights on.”

Should You Pay Your Kids to Do Chores? [Free Money Wisdom]
Kevin makes a strong argument for both sides of this debate, but it’s the reader comments that follow his post that really taught me a thing or two about how other parents manage allowances in their households.

Teach Your Children Responsibility – Make Them Pay Rent [Out of Debt Again]
One of the arguments for paying your kids an allowance for chores is that it teaches them financial responsibility, and that’s the method behind the madness of Mrs. Accountability’s argument over at Out of Debt Again. Mrs. Accountability admits she charged her youngest rent before he moved out, saying, “I believe a young person, once they begin working a regular job, be it full-time or part-time, should contribute to the household expenses.”

How I Invested My Child’s Money [My Journey to Millions]
Parents have many responsibilities, but investing children’s money – and giving them a strong financial footing – is often overlooked. Not by Evan, though, who gave himself four options to invest his son’s money and used the process of elimination to finally land on the right solution.

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  • http://www.outofdebtagain.com Mrs. Accountability

    Thanks for including my post in your baby bump roundup!

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