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Why We Are So Bad at Buying Happiness

Why We Are So Bad at Buying Happiness

"Those who say that money can't buy happiness aren't doing it right."  Have you heard that joke before?  Well, it turns out that there is more than a kernel of truth in there. People are generally bad at buying happiness because: 1. We buy to keep up with the Joneses / ...

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Hair, Hair, Everywhere – the Recession Edition

Hair, Hair, Everywhere – the Recession Edition

I wrote a hair post in both 2007 and 2008, so I suppose it's only appropriate to continue the tradition in 2009! This post is dedicated to recession's impact on hair budgets. The recession is a major reason why I've been neglecting my hair a bit during these past several months: ...

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Experience, Not Stuff

Experience, Not Stuff

Experience, not stuff: I've decided to make this my mantra to live by. It'll be hard, because I like nice things (ex: shoes), but guess which of the following I remember the most? (a) A $100 leather jacket purchased in Buenos Aires, that I've worn ONCE in 3 years. (b) A $45 hour-long horse ride on ...

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What Sex And The City Taught Me About Love, Life, and Money

What Sex And The City Taught Me About Love, Life, and Money

Sex And The City: The Movie is coming out in May! I am so, so excited, and I'm betting that many Sex And The City feel the same way. Carrie, Samantha, Charlotte, and Miranda - you ladies have been missed! (By the way, I love the photo below - head-to-toe ...

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5 Year Travel Plan: Making Your Travel Dreams a Reality

5 Year Travel Plan: Making Your Travel Dreams a Reality

I've been struck by a bad case of the travel bug lately... I haven't been out of the country since 2007, which seems like a long time. CB and I are saving for Galapgos, but we also want to travel quite extensively in the intervening months before our Big Galapagos ...

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Graduate School: (When) Should I Go?

Graduate School: (When) Should I Go?

Graduate school is a significant undertaking both in terms of time and money. During the last few months, I've felt some pressure from concerned family members about going to graduate school. I know they only want the best for me, but I'm glad I followed my gut instinct and ...

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Should Parents Pay For College Education

Should Parents Pay For College Education

A college education has, for a large percentage of society, become the de rigueur entry-level degree. "Should parents pay for college education" is a question where the answer is always, "it depends." In today's economic climate, I imagine that many parents are having the difficult talk with their kids ...

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Free GMAT Study Resources

Free GMAT Study Resources

Taking and prepping for standardized tests isn't cheap, fortunately, there are many free study resources available online. I've taken advantage of most of these resources when I was preparing for my test last year. Hopefully you will find them helpful as well. Free Online Study Materials The GMAT Uncovered by ManhattanGMAT: A ...

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7 Steps In Overcoming Rejections In Job Search

7 Steps In Overcoming Rejections In Job Search

Rejections during job search are disappointing, to be sure. Nobody likes to be told that they were qualified candidates, but the management has decided to go in another direction. In this environment, however, rejections are common-place through out the job search and interview process. After the initial disappointment wears off ...

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How to Host a Dinner Party On a Budget

How to Host a Dinner Party On a Budget

Hosting a dinner party is always fun, but right now I need my get-togethers to be budget-friendly as well. Remember when I made crab cakes? That was for a group of 5 or 6 friends. The crab cakes were delicious and everyone loved them, but, crabs are expensive! Two pounds ...

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Pure Altruism - Does it Exist?

Pure Altruism - Does it Exist?

Every time the holidays come around, feel-good human-interest stories surface. This is a time to give to others, help those in need, and realize that the world is not as cutthroat or as competitive as we may believe. But is it true? Can people be purely altruistic? The authors of Superfreakonomics (the ...

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The Price of Addiction To Argentine Tango

The Price of Addiction To Argentine Tango

It's happened. I fell for the sultry dance, hard. (I even made its own category!) I leave class with a big smile on my face. I read Argentine tango forums and blogs. I fall asleep thinking of boleos and molinetes. I'm not sure how my wallet feels about the possible financial ...

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Old Cars: Unsung Heroes of Personal Finance

Old Cars: Unsung Heroes of Personal Finance

New Cars are shiny, gleaming, loaded with the latest technology and features. New cars get the big commercials on TV, where they swerve confidently in snow storms, zoom down idyllic country lanes, and maybe even dance a little to the sound of a state-of-the-art in-car sound system near a trendy ...

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Disney World Recap

Disney World Recap

I realized that I haven't really talked about my Disney World adventure (aside from the Dining Plan review) on this blog yet... and well, that oversight must be rectified! If you have any specific questions about Disney World, please ask away and I'll do my best to answer. We Got To ...

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Job Fairs: How to Prepare So You Stand Out

Job Fairs: How to Prepare So You Stand Out

Job fairs can be a great opportunity for applicants to interact with many different companies. But if you don't prepare adequately, job fairs can be a disaster. Last week, I attended a job fair - prior to the event I debated whether I should go. I had heard the horror ...

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How To Practice Safe and Responsible Credit Card Use

How To Practice Safe and Responsible Credit Card Use

Wait, you mean you never had a credit card education class in school? Okay, me neither. The quality of education these days! But there's no reason that high schools or colleges shouldn't offer a class like this. After all, credit card education isn't an awkward topic like the other type of ...

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Hanging out on restaurant row

by WellHeeled on January 9, 2008

Food is definitely a challenge for me in terms of spending in that I love to eat. And eat well. Eating out for dinner will cost at least $15 for meal/tax/tip. That’s if I don’t order dessert, drinks, or anything other than the second-most-inexpensive thing on the menu (which, depending on where I go, could very well be 3 pieces of scallops on a leaf of baby bok choy. Artfully presented? Yes. Enough food for anyone older than 4-years-old? No.)

I’ve set a budget of $200 for food-related expenses every month, $125 for dining out and $75 for groceries. $125 is 20 cheap lunches, 10 cheap dinners, or 4 nicer dinners. A MONTH. I am not an ungrateful twentysomething, I assure you, I do understand that dining out is not a right but a privilege (like driving!). I AM, however, utterly and absolutely devoted to a good gastronomic experience.

I only have $131 left for food for January. I have THREE more weeks to get through.. that’s about $43 a week. I can definitely do it if I don’t eat out more than once a week… which I should be able to do.

Right?

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{ 10 comments… read them below or add one }

jonsquared January 9, 2008 at 9:40 pm

i, too, love to eat out, and, you’re right, the costs tend to add up to frightening sums. but a great gastronomic experience, as you put it, is well worth the dollars. i wish you all the best. cheers!

Reply

meg77 January 9, 2008 at 10:58 pm

I feel your pain. I can fly through half my eating out budget for the month in one weekend if I’m not careful (sushi and cosmos Friday night, enchiladas and margaritas Sat afternoon, Sunday brunch complete with mimosas…).

I’d rather two fabulous weekend/weeks a month, though, and then tough it out for the rest of the time. Actually I’d rather do that any time I want, but the budget isn’t quite there yet.

Seriously though, I’ll take good food and drinks and fine dining over a pair of shoes…assuming it hasn’t been too long since I got new shoes…:-)

Reply

Vixen January 10, 2008 at 2:35 am

I’ve spent WAY too much this month already. As in, no more eating out. Period.

Reply

feministfinance January 10, 2008 at 8:58 am

A couple of monts back sweetie and I scaled back to eating out whenever we wanted (him everyday at work for lunch and the two of us whenever we felt like, usually three or four times a week) to only eating out once a week. Sometimes we cheat a bit and go out for brunch on the weekend in addition to a dinner out. At first I thought I’d feel deprived but it’s actually been really nice, at least from my perspective. Eating out is more of an experience for me now, rather than just eating food to refuel.

Reply

SavingDiva January 10, 2008 at 8:58 am

I’m trying to cut down on eating out…I don’t usually get cravings for the healthiest food…so it’s better if I just stick with grocery stores!

Reply

English Major January 10, 2008 at 12:44 pm

Have you been tracking your grocery spending? Because if you’re cutting down on your eating out, that means you’re going to be spending more on groceries, and $75 is really, really low as a monthly grocery budget. I budget $90 for two weeks’ worth of groceries. Yeah, sometimes there’s a little slack there, but not more-than-half worth of slack. So I think you might want to put some flex in that number. Or maybe a lot of flex.

Reply

MakingitinDC January 12, 2008 at 12:11 pm

This is a great area to cut costs. My first few years out of college I hardly ever ate out and I always brought my breakfast, tea and lunch to work. It saved me a lot of money and because I planned my meals I was less likely to make unhealthy choices on a whim.

Reply

gradgirl January 12, 2008 at 12:52 pm

I feel like we would get along well in real life. :)

I’m obsessed with eating good food. I’ll skimp here and there–the occasional frozen pizza, the it’s-there-so-i’ll-eat-it moments. But overall, I love, love, love new restaurants with killer food and will not think twice about a $4 brownie.

Right there with ya….

Reply

Emily Starbuck Gerson January 18, 2008 at 10:29 am

Food is my major weakness when it comes to spending, too. I live alone and I feel like every time I go to the grocery store and get fresh food, it all goes bad before I can use most of it. So I prefer getting food to-go, which is no problem when I stop by a sub shop and spend $4 or $5. But I often give in to temptation and go to Pei Wei or another place where entrees are $7-$9…and sometimes I’ll add a drink…and before I know it, $11 is gone for one meal. My boyfriend and I are talking about moving in together soon, which would be a huge financial relief — food would actually get eaten before going bad!

Reply

Megan January 27, 2008 at 5:46 am

I spend way too much money on dining out and on groceries. I’m slowly trying to whittle down my food budget. I’m going to see how long I can go without buying groceries (save for fresh fruits and veggies). I’ve got a ton of food stocked up, so I should be ok.

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