The Cost of Things: Supporting Podcasts, Radio, & Friends

Mike: “I don’t want your money! Keep your money!” Ester. I can’t get that song out of my head—it’s stuck. It’s from 21 Chump Street, from the This American Life musical that just went up earlier this week.

Ester: That’s hilarious, MD. I haven’t listened to it yet but I’m highly susceptible to earworms so I’m sure that once I do I too will suffer from your malady.

Mike: So, it’s from their live show, and they have a video you can download if you want, and yes, I wanted it. The cost of it was $5, but they said that since the show was so expensive to make it’d be great if you could pay more. So I paid $20.

Ester: That’s great of you! Did you consider waiting to see how much you enjoyed the content before deciding how much to give them in exchange for it? I just signed up for Slate Plus, where you pay the site $50 a year or $5 a month to get upgraded content — podcasts without ads, for example — but that was after years and years of reading and listening to Slate content gratis. Their value had already been demonstrated.

Mike: I decided that $20 was a fair price to pay for something I listen to on a weekly basis and want to continue to support, so I paid it without waiting to see if I liked the video itself.

Ester: Right, that makes sense. You’re not paying for the video, after all; you’re rewarding them for their track record. I have done that too for TAL specifically. (I’m a radio dork.) But do you have other podcasts that you listen to and like and haven’t contributed to, even though they’ve asked? What’s your criteria for deciding which listening experiences to support?

Budgeting for Vacations, Other People’s Weddings, and Other Summer Stuff (Yay Summer!)

Mike: So Ester, it officially feels like summer! Maybe because it was 90 degrees the other day (but I still haven’t put in my air conditioner, perhaps to Josh Michtom’s delight). But I will! I did it in July last year.

Ester: We haven’t either! I always hold out ’til the last possible moment, til I feel like a wax person whose own skin is melting off my body. For environmental reasons.

Mike: I guess for me it’s part environmental reasons, but also because I don’t think it’s so terribly hot yet? I’m also not home very much, so that may be one reason. I’m at the office right now, and it’s usually on, but it’s quiet here today so I have turned off the a/c and opened the windows. It’s below 80! Who needs it? Okay, so, the thing I wanted to ask you is whether you have summer travel plans and if you planned for it financially in advance.

Ester: Last summer, as you may recall, my husband Ben, babygirl and I decamped for seven weeks — we stayed in Vilnius, Lithuania, in an AirB&B that thankfully did not burn down (the Lithuanian rain would have taken care of that right away anyway I guess), in a couple different places in England, and then in a family friend’s house in Spain. That was pretty amazing — and kind of ate up our travel budget for two years. So we don’t have anything planned for this summer, really, except to figure out how to have, entertain, and enjoy time with a kid in the heat without leaving NYC. How about you?

Mike: I have a savings account through Ally that is specifically for vacations. I just checked and there is $400 in it.

Falling Into Debt After a $200,000 Book Advance

At Medium, an excerpt from Emily Gould from the collection MFA VS NYC: The Two Cultures of American Fiction. Gould writes about the book that got her a $200,000 book advance and how she got mired in debt soon after.