Posts Tagged ‘your money’

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Your Money Friday: Work Wardrobe


18 May

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Posted in Finances, Work | Comments Off

Always of greater concern to women than men, today’s Your Money thread focuses on the work wardrobe. Where do you buy your clothes? How much do you spend? How dressy do you need to look?

A number of posters appear to like thrift and consignment stores. I might look in a consignment store, but I would not shop for work clothes in a thrift store. Not because I do not think I’d find them there, but because there are people who need to be able to find business dress at thrift store prices, and I am not one of them.

Your Money Friday: Live with Roommates?


11 May

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This has been a hot topic over at YM all week. Would you live with roommates to save money? A majority of the regular YM posters are 30s or older, with established families, so a lot of the instant reactions were along the lines of “not at my age” “I am too set in my ways to live with anyone” and “with kids in the house, absolutely not”.

Still, one of the defining factors of how people answered this thread was whether they considered roommates to be random strangers found through an ad in the paper, or friends or family.

Your Money Friday: Talking About Money


04 May

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Back in the first post for The Dog Ate My Wallet, I wrote about My Money Philosophy. I believe that personal finances shouldn’t be a taboo subject. I believe that we would all be better able to make good financial decisions if people were willing to talk about money. However, I’m definitely in the minority. I knew that, but threads like “How much do you tell people about your money?” really bring it home. And that seems wasteful to me. No wonder kids know nothing about money when the people who have made smart decision refuse to talk about it.

Your Money Friday: Federal Student Loans


27 Apr

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Posted in Finances, School | Comments Off

I can’t believe it’s already that time of year, but current high school seniors who are going to college next year are starting to get their financial aid award letters. So the question over at Your Money is about federal student loans- if both subsidized and unsubsidized are offered, do you have to take both? The answer is NO. Subsidized loans are a great deal- no interest while you’re at least half time in school and for a 6 month grace period after you graduate. Fur unsub loans, interest accrues and capitalizes. If you can afford it, subsidized loans only.

Your Money Friday: Swearing in a Resume


20 Apr

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I don’t care how young and hip the business. I don’t care how much they use social media. The hiring manager at just about any job (retail being the one place I could see this not being the case) is going to be over 25 years old. That means that you need to use proper grammar and spelling in your resume. There should be no text speak, and for goodness sakes, especially if you’re going to have any contact with the public what so ever, there should be NO swearing. Please demonstrate that you have at least a little sense.

Your Money Friday: Money in Relationships


30 Mar

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Posted in Finances, Marriage, Relationships | Comments Off

I’m about to ask you the most basic, most important question there is when handling finances within a relationship- Are you and your partner on the same page?

Don’t answer right away. Think about it.

This question is brought to us by the thread: Just need to vent, SO is losing their job. I know, they don’t sound related, and that’s part of why the question is so important. Because anything, even when people are on firm financial footing, can bring that question into play. How it’s answered or dealt with can spell the continuation or end of the relationship.

Your Money Friday: $100k/year and Feeling Poor


23 Mar

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There’s a difference between making $100k/year and not feeling rich, and making $100k/year and feeling poor that’s more than difference between the thread title and the article title. While I understand that the writer feels like things should be different with at $100k, I think she needs a paradigm shift.

Their only debt is a mortgage and a car loan for a child. They bought their son a car, and they are able to cash flow both of their children through college. That’s not poor. It may not be tropical vacations and umbrella drinks, but it’s still doing quite nicely.

Your Money Friday: Keeping Down with the Joneses


16 Mar

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Posted in Finances, Friendship, Relationships | Comments Off

This thread asks: Would you avoid spending money in order to not feel like a show off to friends, family, neighbors who are currently struggling? And if so, is there a difference between buying a new gadget that can be hidden away and renovating your kitchen, which is glaringly obvious?

I understand both sides of the argument, though I do not think we temper our spending based on what others might think. We save for what we need and then go buy it.

But our friends have always had diverse financial situations so it’s something we’re already used to navigating.

Your Money Friday- How much for shoes?


02 Mar

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It has been a while since I have done a Your Money Friday, but since my creativity and energy are running low at the moment, it seemed like a good time to bring it back.

Today’s thread is about shoes- more precisely, how much should one pay for a good pair of shoes. And to make it more interesting, this question is being posed by a man.

Based on current comments, it would seem that not only are the women on the board are used to paying for high quality shoes, professional men are as well, especially for dress shoes.

Start Saving Now


08 Nov

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Posted in Budgeting, Finances | 2 Comments »

Since I stopped doing Your Money Fridays, and started my personal finance blog (now titled The Dog Ate My Wallet), I haven’t written much here about personal finance. But I thought this was interesting:

It’s estimated that Gen Y will need around $2 million in savings in order to retire comfortably. And this is assuming they don’t retire until 70.

In slightly less general terms, it’s estimated that Gen Yers will need 18.7 times their final salary saved up and Gen Xers will need 16.1.

Pensions are almost non-existent and government assistance is declining. Guess it’s time to start saving.

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