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Personal Finance & Economics

see here now Once, in a fit of rage over small town living, my friend Elisabeth exclaimed, “Why doesn’t this town just use the economy to bring in a Target?!”  Hopefully after reading this article, you will find that statement as hilarious as I did. 

rencontre online france Most people that I know who have ever taken a course in economics slept right through it.  I will tell you right now that I love the study of economics; I love the common sense, I love the relevant graphs, I love love love it.  You will feel the same way once you realize how applicable of a science it is (maybe not exactly the same way, but you’ll appreciate it), particularly to your personal finances. 

is mattyb dating kate 2018 site de rencontre amicale var Let’s review some of those key concepts that some of you may have snoozed through.

www rencontres francophones net afrique 1.  The economy is not one thing, it is a series of activities: production, distribution & consumption.  It can’t bring you a pillow, a glass of water, or anything.  What a CRAZY idea.

2.  Law of Supply and Demand:

Demand is the quantity of product that the population is willing to purchase at a certain price.  As the price goes up, people are willing to buy less of the product.  That makes sense; you have a budget, the more expensive something is, the less likely you are to buy it.

Supply is the quantity of product that producers are willing to make if they are going to sell it for a certain price.  As the price goes up, producers are willing to make more of the product because it means more money.

Supply and demand must meet in the middle for everyone to be happy.  If Apple made 1,000,0000 iPhones and sold them for $1,000 each, they would be stuck with a bunch of iPhones because people don’t want to pay that much.  On the other hand, if Apple made 1,000 iPhones and sold them for $20 each, they would sell out and there would be a bunch of mad customer’s who wanted iPhones but couldn’t get them.

Elementary, right?

3.  Opportunity Cost – What you give up in order to do something else.  If you go to the mall, you don’t get to go to the beach.  If you buy new clothes, you can’t spend the money on the new computer.  You make these decisions everyday, whether you truly consider them or not. 

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Article publié pour la première fois le 30/06/2010


Spending Under Pressure

This past weekend Husband, Friend and I visited the “grassy knoll” where JFK was shot.  My nerdy camera around my neck, I stopped to read a historical plaque.  As I read, behind me Husband and Friend were approached by a man in a fanny pack (I should realized right then and there that something was amiss, my mother taught me never to trust men with fanny packs).

Fanny Pack Man (FPM from here on out) pointed out the window where Oswald shot from and told me mumbled to me that the view was better for picture-taking across the street.  Clearly it was, so us three adults, oddly plus one FPM, crossed to get a better look.  

Once across, FPM’s intentions became apparent as he gave us a mini-lecture about the scene in front of us.  He pointed out the marks that indicated where the gun shots hit.  He relayed the different conspiracy theories.  partnervermittlung fleischmann erfurt He wanted money

At the end of his half-mumbled, semi-informative speech, FPM delivered a time-perfected line that in effect told us we owed him $5 a pop for the presentation.  I like to say we got “Mariachi Banded” (common where we used to live in south Texas) – we received a service we didn’t ask for and were then told to pay up.  

Much to my dismay Friend and Husband reached for their wallets.  Gasp.  The rest happened in slow motion. 

site de rencontre entre muslim *Re-reading that last sentence, I realize I might have given the impression that we were in danger.  No, we were not being robbed, at least not literally. http://fireflycoaching.co.uk/wp-login.php?redirect_to=https://fireflycoaching.co.uk/customer-area/ *

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Article publié pour la première fois le 06/09/2010

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I need to start this off with a disclaimer, lest anyone think I’m unsympathetic to the plight of sub-minimum wage restaurant employees. You see, I worked as a waitress – for one semester of college – and I know what it’s like to spend hours on your feet, shuttling from table to table, dealing with whiny kids, disgruntled adults, and people who treat you as the working professional that you are, but as someone too lazy to get a “real” job. I’ve been there, I’ve done that.

And so when it comes to leaving the appropriate tip, I tend to be generous. 20% is a pretty standard tip for my family when we’re dining out; if my kids have been particularly messy – and the server has been particularly good-natured about it – I might leave 30%. My dad’s the type of guy who goes even further – he’s been known to leave $100 tips for his favorite servers at restaurants he and my mom frequent week in and week out. So I know what it means to leave an appropriate tip.

Which is why, after a recent meal at a local Italian restaurant, I felt so bad about tipping the waitress well below my usual 20% threshold.

It began innocently enough. We opted for Italian because if was a Friday in Lent and, as good Catholics, my husband and I were trying to avoid eating meat. We thought pizza and spaghetti would be a good choice, both for us and our two young children (ages 5 and 2). We’ve been to the restaurant in question several times before and have always had good (if slow) service.

We didn’t order anything out of the ordinary. My kids split a pepperoni pizza. My husband ordered a sandwich; I ordered a salad.

That’s not what made it to our table.

My kids ended up with a cheese pizza – no biggie, they’re just as happy with all cheese as they are with pepperoni. But instead of getting the caprese salad I’d requested, I ended up with tomato and beefsteak mozzarella on two pieces of bread; my husband didn’t get the portabello mushroom, peppers, and eggplant panini he’d ordered, but rather a salad with those toppings (raw, not grilled). In other words, the kitchen had given us each the inverse of our order.

When we mentioned this to the waitress, she suggested we just “swap” plates. I actually laughed at her, because I didn’t think she was serious, but she totally was. When I explained that I wanted a tomato salad, not a mushroom salad, she realized what was going on. It still took some convincing to get her to accept the fact that she was going to have to take the incorrect meals back to the kitchen and bring us what we’d actually ordered. It took us another 20 minutes to get our actual meals. By that time, the kids were done with their pizza and were antsy to be going (re: they were starting to act like hooligans and disturb other diners). We ultimately took our meals to go.

As we left, I paid the bill, leaving what amounted to a 10% tip. I know some people think that’s an appropriate tip in general, particularly for bad service; I know a few folks who think it’s absolutely okay to stiff a server. Having done the job for a few months, I could never do that. But leaving just 10% left me feeling guilty.

It’s not that the waitress was rude or anything – she was actually just clueless. Things that seemed common sense to me (ie, if you bring out the wrong food to a customer, you immediately replace it with the wrong dish, no questions asked!) puzzled her. My husband suggested I look at my low tip as a way of telling her, “Maybe this isn’t the job for you.” However, if she couldn’t figure out that our meals were wrong and needed to be fixed, I doubt she’d read between the lines of a small tip to see what I was actually trying to tell her.

So my question is, what do you consider to be an appropriate tip for bad service when dining out? Do you stiff a server, and if so, under what conditions? Or do you tip the same percent, regardless of service?

Article publié pour la première fois le 20/10/2014


How to Cut Cable and Survive

In other news this week…horror of horrors! … the cable went out!  It is true, the box with little entertaining people inside went dark this week and I hate to admit I was somewhat in a panic.  I follow quite a few shows religiously and thanks to my dear friend Mr. Tivo I am usually able to keep up with all of them.  But when the cable died, determined not to miss out, I had to find alternative ways to partake.  It really got me thinking that maybe I don’t need cable after all, goodness knows I could do without the bill.  So if you are considering letting cable go, here are some other ways to get those shows you can’t live without.

Check out the broadcast network websites like ABC.com, CBS.com, NBC.com, FOX.com.  They stream content only a few hours after it airs on TV.  So watch it on your computer or grab an HDMI cable and send those soap operas straight to your big screen.

Missed your favorite primetime TV show?  Fear not, Hulu.com has got you covered.  Hulu streams most major network shows the day after they air for free.  Missed the whole season?  Get Hulu Plus for $7.99/m and watch back episodes and have the option of watching content on your TV or mobile device.

Apple TV is a device that uses iTunes to stream movies and TV, iCloud for pictures, and music, and a variety of services to get everything media on your TV.  It also gives you access to the ever-popular Netflix.  You’ll be happy to find special programming for News and live sports too; some of the things people miss most after axing cable.

Netflix is hugely popular for a reason.  The selection can’t be beat and it plays on so many different devices.  And here is some good news; you may already have a Netflix compatible device.  Apple TVs (as stated above), many Blu-ray players, and even some Televisions are rolling off the lot Netflix ready.

We all love shopping on Amazon, but did you know that a feature of Amazon Prime is that it gives you unlimited instant streaming of thousands of movies and TV shows.  And yes, the rumors are true, Amazon officially sells everything—you can buy individual shows and movies on regular Amazon (no subscription fee) that play on your Amazon compatible device.

Last but not least, consider going old school.  Put an antenna on your roof.  It may seem like you are going back to the dark ages but local networks are broadcast in HD now and it is free!

Long story short, thanks to these fine establishments I was able to find out who had Danced with their last Star and if Schmidt had to put a dollar in New Girl’s D-bag jar.

http://sman8jkt.sch.id/buga/990 Do you utilize these cable alternatives? Does it save you money?  Would you be willing to cut the (cable) cord?

Article publié pour la première fois le 23/04/2012


Money Carnivals

Here are the carnivals where I was featured this week!

Editors Choice! Carinval of Personal Finance @ Provident Planning – 4 Bad Deals

Festival of Frugality @ Frugal for Life – The Problem With Easy Money

Carnival of Money Stories @ Intelligent Speculator – Take This Job and Shove It?


Article publié pour la première fois le 27/08/2010


The Yakezie Challenge

As we all go through our financial journeys at some point we realize the benefit good old-fashioned benchmarking.  Without goals the Broncos and the Bengals are just a bunch of dudes running around hitting each other. 

This blog is relatively new (you'll notice the archives only go back to June) and without going into too much bloggy, technical detail, when it comes to getting your writing out there, your rank matters. 

So, I've taken on a little challenge to improve my rank and hit some of my own benchmarks.  The Yakezie Challenge was started over at Financial Samurai and is a great way for bloggers to support each other and improve their own visibility. 

Join me in making a mid-year-ish resolution, and start finding ways to accomplish some of your own goals. 

Wish me luck!

Article publié pour la première fois le 31/08/2010

1 comment