This was a great article, Sarah.
@homotextual Yes. Awesomely written and food for much thought.
@DickensianCat I am also confused by that statement. I mean, one train of thought I have is that if you can't afford to save anything, then you probably can't afford any amount of debt, and waxing rhapsodic about your friends' hipster wedding doesn't change that. The other train of thought I have is that perhaps the author *can* afford to make minimum or above minimum payments on her credit card debt, and that's why she feels comfortable accruing some. I would argue, though (if we've all agreed to jump aboard the second train), that if she can afford to make monthly payments on credit card debt, she could afford to save. Even if it's a mere $25.00 a month, that's better than nothing, right? Also, it sucks that NYC is so. damn. pricey.
@Reginal T. Squirge Toooooo...escape the pressures of palace life...?
@elizabeast Well, I can tell you one thing: this dude is based in Austin! It was the "pedi-cab" bit that tipped me off, and when I looked in the background of those shots, I could see the Frost tower that is an iconic part of Austin's skyline. So....if you move to Austin, maybe you have a chance!
@Miss Havisham@twitter Wait. How is helping to set up an infrastructure for voting "war profiteering"?
@nomorecrackpipes I think another important thing to note is that you don't have to sock away a large amount with each contribution to your savings account. Even if you only put $20 a month in savings, at the end of the year, that's still $240 that you saved. Perhaps that seems like a piddling amount, but it's better than $0 saved! Ain't no shame in that, sisterfriend. Plus, once the saving bug bites you, you often begin to stash away more and more money.
Re: savings, here is my tip. First, create a savings account. It's a lot easier to save money when you put it in a dedicated account, rather than having it all sloshing around in one account. [This actually leads to a somewhat unrelated piece of advice: create a separate checking account for your bills. Have your company's accountant direct deposit half of your money into your 'Bills' account, and half your money into your 'Regular' account. This will help prevent the "Holy shit, it is time to pay rent and I did some wack math in my head when looking at my account balance and now I have to borrow $200 from my boyfriend" trap that we all fall into at some point or another.] Then, every time you get paid, ON THE DAY YOU GET PAID, take a dedicated sum from your checking accounts and transfer it to your savings account (if you get all your accounts with the same bank, you should be able to do this online for free). It can be as little as $10. If you get paid every two weeks, that is $20 a month. Pretty soon, the amount will start to build up, and if you do an amount that is comfortable for you, you won't even miss the money you put into savings. You may find that you want to put even more money in than you originally thought would be comfortable for you ("Wow, putting $10 in every two weeks is easy...maybe I'll up it to $15!"). I started at $50, and now I'm up to $75. Soon (as long as you don't raid the account), you will have savings!