Elizabeth Cox is a Certified Financial Planner and CPA based in New York City and Westport, CT. She specializes in providing hourly, as-needed financial advice and tax planning services to individuals and families. She is also the founder of the blog, Our Money Ourselves.Org
Certified Financial Planner and CPA
Blog Post List
January 26, 2017
I attended the Women’s March in Washington DC over the weekend. It was exhilarating and gave half a million participants an inspiring feeling of “yes we can!” I am still on a high from the sense of power in numbers and community I felt on that day. One of the speakers, Kierra Johnson, the Executive Director of URGE, pointed out in her speech that “If someone else controls your body, it is they and not you that control your destiny.” Amen. I only wish that the women’s march could have articulated a parallel message: if you don’t control your money, you don’t control your destiny either.
January 9, 2017
I value self-reliance. In fact, my favorite book as a young child was “The Little Red Hen,” with the chorus, “I’ll do it myself,” said the Little Red Hen. “And so she did”. In the story, the Little Red Hen asks for help from the other barnyard animals each step of the way in harvesting ingredients and ultimately baking a delicious loaf of bread. She receives no help from the other animals who are childlike in the way they stand by and watch her do her work, hopeful that they will receive the fruits of her labor. When my kids were small and I would prepare meals for them as they steadily...
November 2, 2010
With the election nearly upon us, it's almost impossible to pick up a newspaper or turn on the TV without hearing about the Tea Party. What began as a collection of protests in early 2009 has exploded into a runaway political movement, with all American eyes fixed on the Party's candidates in Tuesday's Midterm Elections. With a clear shift in the landscape ahead of us, what can we learn about how the election of these candidates will impact American women? As early as March, Politico 's Kenneth Vogel was pointing out the central role of women in the Tea Party, with participants stating how...
August 30, 2010
Women are more involved with day-to-day household finances than ever before but most are still not planning for retirement and other major life goals. This is the finding of a recently published Prudential Financial’s 10th anniversary study on the “Financial Experience & Behaviors Among Women” . The report showed that 95 percent of women are involved in household financial decisions, with a quarter acting as primary decision-makers. At the same time, however, 64 percent of those surveyed say they still have more work to do to secure their financial futures. While the Prudential Study...
September 14, 2009
As nails continue to be hammered into the public option coffin, I am baffled at the professed public’s willingness to trust the health insurance industry. After all, this is the group that brought us gender-rating. Gender rating is a practice where insurance companies charge women more than men for individual health insurance policies even if these women and men are the same age and in the same risk category. In most states including my home state of Connecticut, major insurance companies like Human, UnitedHealth, Aetna and Anthem, a unit of WellPoint, charge higher premiums for women than...
June 22, 2009
My friend and her husband are getting divorced: three small children and irreconcilable differences. He is a partner at a law firm and earns $800,000 per year. She is a stay-at-home mother. After the divorce, who will pay more for health insurance? As regressive as it may seem, my unemployed single mother friend will pay more for healthcare than her law-partner ex even though they are the same age and both in good health. She will either go on COBRA and pay 102 percent of her husband’s employer’s healthcare plan charge while her husband’s healthcare bill will remain subsidized by his employer...
May 9, 2009
I love Mother’s Day because it is a time to reflect on the priceless care moms provide for free. Well, perhaps not free, but without a documentable price tag. Think back to your best childhood memories. Most likely, they involve home and family, and someone there for you every step of the way. For many of us, the time we spend with our mothers/children is the most precious. I salute the mothers of the USA for their courage. We are the richest nation on earth and yet the price our nation extracts from caregivers is amongst the highest in the world. Many mothers have no or insufficient...
March 12, 2009
Michelle Obama is arguably the most visible mother in America. She professed on the campaign trail that her children are the last thing she thinks about before bed and the first thing she thinks about when she wakes up in the morning. How many mothers can relate to that?
February 23, 2009
This past Wednesday, the New York Post published a cartoon likening the author of the stimulus bill, perhaps President Barack Obama, to a deranged chimpanzee. It caused an outrage. Al Sharpton led a protest march in front of the New York Post headquarters in New York City and asked people to boycott the newspaper. His concern took hold.
January 6, 2009
Health education is required at my children’s schools. Personal, physical, sexual, and even environmental health is all part of the curriculum. But what about financial health? While some high schools offer elective courses in investments and banking, most do not. The assumption is that kids will learn about money along the way and that their parents will guide them.
December 6, 2008
Most couples can’t bring themselves to talk about money. People find it easier to talk about sex than about finances. Indeed the number one cause for divorce in America is money.
November 13, 2008
I'm a self-proclaimed optimist and hopeful about the "yes, we can" message emanating from Washington. But I felt as if I'd been kicked in the gut last week when I read a New York Times article by Robert Pear about price gauging in health policies for women.
November 10, 2008
A time of crisis often brings people together. This was certainly the case right after 9/11. For many of us, the current worldwide economic meltdown has caused our pocketbooks to be our personal ground zero.
July 8, 2008
More and more these days, young parents approach the responsibility of parenting as a joint venture. Often one parent will reduce her schedule to take care of the children while the other maximizes income for the economic welfare of the family.