Give A Gift

My Two Cents

Financial-advice columnist Charlotte Cowles answers readers’ personal questions about personal finance. In addition to “My Two Cents,” Cowles writes about work and parenting for the site. Previously, she was a senior features editor at Harper’s Bazaar, a senior editor at the Cut, and the editorial director for MM.LaFleur. Her work has also been published in Glamour, Art in America, Politico, and other venues.

personal finance

Are You Ready For a ‘Mini-Retirement’?

 Meet the 20-somethings trying to save up enough money to quit their jobs and travel the world. By Charlotte Cowles

More From ‘My Two Cents’

  1. Surge Pricing Isn’t Just for Uber AnymoreCompanies are tailoring more prices based on demand — and your personal data. What can you do about it?
  2. How a Pharmacist Saved $1 Million by Age 36Regina Moore on the careful planning required to become “work optional.”
  3. ‘Do I Need to Buy a Home Before the Baby Comes?’Maybe consider renting instead.
  4. How Much Can I Really Ask My Wedding Guests To Pay?An etiquette guide on everything from big bachelorette trips to destination weddings.
  5. It’s Not Too Late to Book an Affordable Summer VacationHow to plan a getaway that feels luxurious — without an Italy-size price tag.
  6. ‘What I Did With My Personal-Injury Settlement’Three people on how the money affected their lives.
  7. How to Save Money on Summer TravelIt’s expensive out there! But you can still take a trip without paying for it all year.
  8. What It’s Like to Not Buy New Clothes for 7 YearsThree women who have done long-term shopping bans share their advice.
  9. Now Prices Are Going … Down?Retailers including Walgreens and Target are finally cutting prices. But why now?
  10. The Hack for Saving Money That Doesn’t SuckWhat’s on your “approved shopping list” this summer?
  11. Do You Shop More When You’re Stressed?You’re doom spending. Here’s how to stop.
  12. The Bridesmaids Going Into Debt for Their Friends’ Weddings“She just booked it and sent everyone Venmo requests for $1,000.”
  13. ‘How Can I Be Financially Secure As a Freelancer?’You need a plan and some patience.
  14. When You’re Laid Off But Still Have to Go to WorkThree women on continuing to do their jobs even after they lost them.
  15. What It’s Like to Plan Vacations for BillionairesA travel agent for the ultrawealthy on hacking restaurant reservations, getting last-minute tickets, and why yachts are the new hotels.
  16. When Is a Side Hustle Actually Worth It?Tips for finding an online side gig that makes money without taking over your life.
  17. ‘My Friend Is in Financial Trouble. How Should I Help Her?’Just because your friend needs money doesn’t mean she wants it from you.
  18. ‘How I Paid Off $36,000 in Credit Card Debt’Brittney Reynolds built a TikTok following around one of the hardest years of her life.
  19. It’s Time to Try a New Budgeting AppHere are five to consider after the most popular one, Mint, shuts down next week.
  20. How to Cope When You Get Laid Off From Your Dream JobHaley Sacks, a.k.a. Mrs. Dow Jones, on surviving job loss and founding her own business.
  21. What It’s Like to Staff the Home of a BillionaireA recruiter for the ultrarich on the upsides — and dark sides — of a notoriously secretive industry.
  22. How to Protect Yourself Against ScamsWhat I wish I’d known.
  23. Budgeting Is Officially a FlexAccording to TikTok, where “loud budgeting” is everywhere.
  24. What It’s Like to Be a Therapist for the UltrarichClay Cockrell specializes in “ultra-high-net-worth individuals” and the specific problems that plague them.
  25. How’s Your No-Spend January Going?“I felt like I failed, and it was catastrophic.”
  26. What It’s Like to Take a $50K Pay Cut“Part of me is still mourning the life that I thought I was going to live.”
  27. How to Talk About Your Salary With FriendsIt can be awkward, but it doesn’t need to be.
  28. What to Say to Get Your Bills LoweredAnd when it’s worth your time to try.
  29. 5 Ways to Save Money (That Have Nothing to Do With Money)Financial experts share their best nonfinancial advice.
  30. What to Do About That Credit-Card DebtA four-step plan for getting over your holiday-debt hangover.
  31. ‘I Take Care of My Aging Parents. How Can I Recover Financially?’Thankfully, there are some laws designed to help you. Here’s how to make the most of them.
  32. ‘Should I Give Up My Cheap, Beautiful Apartment to Move in With My Boyfriend?’You will need to move out of your amazing place eventually. Here are the steps to take first.
  33. How to Tell People You Don’t Want GiftsA guide to de-escalating the holiday-shopping frenzy.
  34. ‘How Do I Shut Down My Dad’s Comments About Money?’It may sound counterintuitive, but you might want to give him the opportunity to say more.
  35. ‘I Owe $90K in Private Student Loans. What Do I Do?’You don’t have much wiggle room, unfortunately. It’s time to break down the math.
  36. How Much Money Should I Spend on the Holidays?Can we get some guidelines? New rules? We want math!
  37. ‘My Mom Lost $30,000 in Bad Investments. Can I Help Her?’Yep, this sounds like fraud! Here’s how to navigate her legal options.
  38. ‘How Do I Plan a Group Trip That All My Friends Can Afford?’Be sure to broach the budget question early so people can make their own decisions.
  39. ‘I Just Inherited $40,000. What Should I Do With It?’Your first rule: Don’t make any lifestyle changes.
  40. ‘Should I Put My Boyfriend on My Health Insurance?’It’s pretty low-risk, but if it makes you uncomfortable, there are other options.
  41. ‘My Boyfriend’s Dad Bought Us a House. What Do I Tell My Friends?’Chances are nobody cares who paid for what. But that doesn’t mean you have to tell anyone.
  42. Does Money Terrify You?Author Farnoosh Tarabi explains how you can learn from your financial anxieties.
  43. Is ‘Scarcity Brain’ Making You Broke?Maybe. But here’s what you can do about it.
  44. ‘I Earn More Than My Husband, But I Don’t Want to Pay More of Our Bills’You can share household expenses in lots of ways, and you don’t have to choose just one.
  45. Your Post-Vacation Guide to Cleaning Up Your FinancesExperts share their best money advice for getting back on track.
  46. ‘I’m So in Debt That I’m Afraid to Date’You’re not undateable — you’re just afraid to talk about money. There’s a way to fix that.
  47. ‘I Splurged All of My 20s, And Now I’m in Debt. Can I Fix This?’You can’t just flip a switch. Instead, look for your next actionable step.
  48. ‘My Flight Got Canceled. What Now?’Getting stranded at the airport is a special kind of hell. Here are eight pointers that can help.
  49. ‘My Roommates Never Pay Rent on Time. What Do I Do?’Ask them to sign a roommate agreement. And think about moving.
  50. What If You Already Have ‘Enough’ Money?Author Manisha Thakor questions the relationship between money, time, and happiness.
Load More