Come on now, Al's parody "Whatever You Like" is the anthem for broke-ass young people. "Tater tots, Cold Duck on ice, and we can clip coupons all night, and baby you can have whatever you like…" "You like Top Ramen? Need Top Ramen? Got a cupboard full of ‘em, I’ll keep ‘em comin’,You want it, I got it, go get it, just heat it dump the flavor packet on it and eat it." "My chick can have what she wants…at Walmart, she can pick out anything she wants." And the ultimate: "It's all about the Washingtons." Yes it is Al, yes it is. My personal favorite will always be "Fat." My god, was that the most perfect video or what? And "Party in the CIA" is so freakin' catchy.
I'm 27 and have been living on my own since I was 21, but I'm still on my mom's family plan. She and my sister have smart phones but I have an old fashioned flip phone, and Mom insists my part of it is less than $20, so she just covers it (even though I keep offering to send her money). I do pay for my own phone, but in the last 11 years, I've had exactly 3 crappy flip phones. And I'm proud of it! I'll never have a smart phone! (In fact, she bought me one when we switched to a new plan and I made her take it back. Never!)
I LOVE tiny houses and would love to have one. My dream one is about $50,000 which is so affordable…but land where I live (Charlottesville VA) is sky high. :( Some day I will have my tiny home, skylights, wrap around porch, and built in bookshelves!
I really appreciate this. As someone raised Presbyterian, then a longtime atheist, and now a budding Buddhist, the concept of tithing was always puzzling to me. Were Christians trying to buy God's favor? Seems historically that was somewhat the case. But I really appreciate what Tara says about freely giving away money in order to lessen the evils of greed and stinginess. Buddhism has very similar principles about being generous and living simply on little, so when she said that, it really resonated with me. Still, I always hear George Carlin's routine about God and money when people start talking about religion and cash: "But God loves you. He loves you, and He needs money! He always needs money! He's all-powerful, all-perfect, all-knowing, and all-wise, somehow just can't handle money! Religion takes in billions of dollars, they pay no taxes, and they always need a little more." But that's probably more of an indictment of organized and corrupt churches, not on an individual level. I felt like I could relate with Tara about what she gets personally, and when she says you should be wise with your money. That means being involved in the organization that you're giving it to, and I respect that. But I'm still a little skeptical about there being a set number. Why not leave it up to the individual? That part kind of bothers me.
I LOVE buying books. Nothing makes me happier than going to B&N and piling on anything that looks even vaguely interesting. But, about two years ago I started really focusing on personal finance, and now I'm a library fanatic. I don't mind long waiting lists, because there are so many books out there to enjoy, so I can wait a half year for "The Cuckoo's Calling" (but I'll be smart enough to request "The Silkworm" before it comes out, so I got the number 1 checkout!). My library lets me create lists, so I can add books to the list without checking out too many at once, and then when I find myself without anything at the library, I can pick stuff of the waiting lists and check them out. I also am incredibly fortunate to have wonderful friends who are always giving me books to read. I have piles all over my house! I have almost stopped buying books altogether, which saves me lots of money. These days I only buy from my absolute favorite authors (like Jose Saramago) or books about Buddhism or (ironically) money. It's been hard to trim down my collection at home too. I just love sitting around my books and looking at them. They make a house feel cozy!
@erinep I too get paid on the first and it does suck! But at my place, if the 1st falls on a weekend, my boss processes payroll early so we get paid a day or two before, so we don't have to wait. Waiting until the 5th would be awful! I have rent to pay! Stresses me out thinking about it. I too would much rather prefer to be paid biweekly.
You have to be careful when eating weed. My friend makes some incredible hash brownies but you have to go very easy on them, really just one (or even less) will do you. Lesson learned Mo!
When I worked at Evil Dental Insurance Company, we used any reason to deny a claim. "Well the signature here isn't really on the line. Denied." "It took their office more than week to send that invoice. Denied." "They forgot to check this box right here. Denied." It was really sickening.
@readyornot "My read on Ester’s situation is that her family has a mortgage and no other debt – no credit card balances, car payments, or student loans. It’s not always clear that paying off a mortgage earlier is better" You're right that it's not always best to pay off a mortgage early. If you are right about Ester's situation, I would totally agree with funding her IRA, and definitely having some cash on hand for an emergency fund. Where was it I read a story (maybe here) of a man who got a lump sum of cash (six figs I think) and so he paid off his mortgage, then suddenly had a medical crisis and went in to tremendous debt? If he'd had that cash on hand instead of for his mortgage his situation wouldn't have been as financially stressful. So definitely fill the IRA, boost emergency stuff, and of course have a little fun! I should have mentioned that in my post, I sound like a real nerd in mine, ha ha. I guess if I had fun money I'd…um…maybe go to the beach? I don't know, I'm lame.
I don't remember your exact financial situation, but if I had gotten a great check like that, I would: 1) Dance in celebration 2) Add $3,000 to my emergency fund 3) Fill my IRA for the year 4) Pay off my car 5) Any remaining money would be split between the emergency fund and the house down payment savings I guess you should ask yourself, these questions: First: do I have an adequate emergency fund? If not, I'd use the money for that. It's always good to have a few grand on hand for crazy emergencies. If you feel comfortable with your emergency fund, then I'd ask: Am I wanting to buy a house or make a move in the next few years? If you even think that might be a possibility, I would save money for that. And then I'd consider paying off student loan debt if you had it. If you have student loans, I'd pay those down some before investing in the market, because the market is really high right now and it's not a good time to put a lot of money in it. The DOW and S&P are hitting records almost weekly, and so we're due for a big drop down. So if you buy now, you'd be buying high, which isn't what you want to do. (I would only invest in my IRA because it's already half full for the yearly allotment and I only have car debt, no other loan.) A smart move to make when the market is overvalued is to pay down debt, so if you have a lot, I would focus on that before investing. A year from now, I might have a different answer, but of course that depends on what the market is doing. ;)