I’d rather have the flexibility of (not quite, but soon!) $10,000 in the bank rather than $10,000 in loans, for the relatively low cost of $2,000 in interest. I’m risk-adverse.
“I started college in 2005, which was about the last minute that working for a newspaper full-time seemed like a stable possible career path and not an insane gamble entailing a lot of rejection and risk, financial and otherwise.”
In a move I attribute entirely to The Billfold, I set up a whole bunch of sub-savings accounts last year, and it’s been great.
“I really like how structured it is and how it makes you think. It’s not so much about math, it’s about finding the appropriate place to put a number. It’s sort of like solving a puzzle. Each amount of money is it’s own little piece and once you place them all together and they fit your budget, it’s like you’ve solved the puzzle.”
“I went to school with kids who were vacationing in Aspen and Vail and their parents drove Mercedes and there was this roar in my head that told me I needed that. It’s funny, because as an adult, I’m uncomfortable around extreme wealth, and it’s not something I want for myself. But back then, yeah, I thought that was what success and happiness would be.”
Financial freedom, even on a small scale, is amazing. Being able to say yes without sweating the cost is excellent. I’m not talking trips around the world, but Prince tickets or a quick weekend away.
When I upped my game in terms of grooming and clothes, the response from my co-workers and clients was extremely positive and while I was able to land a new job based on my merits, looking the part certainly helped!
“Since I don’t know of a clear way to make more, I am going somewhere where the same amount hopefully buys more.”
“My salary is $55,000 and the take-home is about $850 a week. This is actually the first cooking job I’ve had where I’ve been salaried and the pay itself is much higher than in the past.”
I interviewed a handful of lowercase-f friends, acquaintances, former coworkers, and internet strangers about how they experience money issues in friendships. Is income disparity a dealbreaker, or no big deal? Is it more awkward to be the rich friend or the broke friend?