Downsizing At The Dinner Table

It takes guts to show kids exactly how badly the family budget is faring, but it can yield unexpected rewards

Like many Americans, I run a failing business: the family budget. Lacking the flexibility of most commercial operations (I can't exactly "downsize" my children), I took stock of my situation recently. I realized that if we were going to spend less than 100% of my salary every month, I was going to need the assistance of my entire household, all of whom regard themselves as fully empowered members of the family income disposal committee.

My children had already attended the required "We Spend Too Darn Much Money Around Here" lecture series, so I decided this time to move from the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!