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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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Money Story #4: So@24 in Los Angeles

by WellHeeled on March 3, 2008

With this story, the 20something Money Stories series has officially crossed the Great Gender Divide!

In other words, let me welcome the first story submitted by a male author, a quarterlifer Angeleno working in the communications/media industry.

Well. Hello there.

A few days ago, I was asked by Well-Heeled to write a guest entry for her blog.

“But what would I write about? Your blog discusses financial responsibility while mine is cluttered with emo postings of my ex girlfriend and guy jokes.”
“Just write whatever you’d like”

Alright then. But in doing so, I am doing my best to honor the themes of both of our blogs. How to manage money and the experience of starting life as a single guy at the age of 24. So here goes:

After the first couple of months moping around, chugging 12 packs of Natural Ice beer on my front porch listening to Ben Folds and wondering “why”; I had to embrace that my life was changing and I had to adjust to being a bachelor for my first time. I found that I was spending my hard earned coin in ways that I have never done before. Here are the top 3 money sucking variables I’ve experienced as a single guy:

1. Clothing. I have terrible, terrible fashion sense. When you’re dating a girl for 6 years, you get lazy when it comes to clothing. I can remember many, many times getting ready to go out for a night on the town, only to have my ex sigh, shoot me a look of disbelief, spin me around on my heels, and march me back into my closet. Alas, I no longer have that luxury. But I needed to be able to look attractive to members of the opposite sex and skate tees weren’t cutting it.

Now I send my cousin a couple hundred dollars every six months or so. She is perfect for finding new outfits for me with the best deals. She buys them and send them down to me. I never question what she buys! Every article of clothing I wear now are things she has picked out for me.

2. Room decor. My roommate (quite the ladies man with quite the record) walked into my room one afternoon during a cleaning day and said to me, “This needs to change if you ever hope to bring a girl home.”

“What do you mean?”

“It looks as if a child lives here.”

And we was right. I never bought proper furniture for my bedroom when I moved down to Los Angeles after college. I used empty milk crates and oranges boxes for my clothes. My comforter was one I had kept since… well… since I can remember. It was a car blanket and I can’t tell you how many times I’d get “Oh my God! I used to have that!” My ex never complained, but now were different times. I rolled up my beloved “blankie” and made a trip to Bed, Bath, and Beyond (sigh). I had no idea how much comforters / comforter covers cost! I swear there’s some undercover racket going on in the linens industry. Alas, it was necessary.

My oranges boxes were trashed and a real, “adult” dresser was acquired.

But I refuse to take down my Spider Man poster. God help me if I ever have to take down my Spider Man poster.

3. Bar money. Gotta go out and meet people. And the best way to do so at my age and in my part of the country, is bar hopping. I was going out on weekends more than I ever had before. That gets spendy, Lordy, does it keep spendy. I’m buying drinks for myself, rounds for my friends. For the record, I’ve never purchased a drink for a girl I’ve never known. That just seems cliche’d and honestly, does it really work? I have my doubts with that route. But to be social cuts deep into my paycheck. It hasn’t really paid off in the romantic arena yet, but… I have faith.

There you have it!

I want to thank our host Well-Heeled for having me on. -takes sip from coffee mug- And to all of you who endured reading the financial woes of a single 20-something living in sunny Los Angeles, California.

So, male readers out there – if you have a story, please do share. Someone else has already taken the first plunge! ;)

Check out So@24′s personal blog for more!

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{ 2 comments… read them below or add one }

Chris March 4, 2008 at 3:00 am

I don’t really do the bar scene, but I assume that buying a girl a drink does work sometimes. I think I would like it as a way of saying to a girl (who doesn’t already have a drink), “Would you like to talk for a little while longer?” I doubt it works at all as an attempt to display status, a pickup line, or buy affection, but I suppose it must, unfortunately, work sometimes as an attempt to make a woman’s judgment poorer than normal.

Having your own fashion adviser must be nice. :) And, yes, linens are a racket.

Reply

Casey March 4, 2008 at 2:31 pm

You could try joining a volunteer group. The benefits are threefold:

a. At every volunteer or charity event I’ve been to, the women have outnumbered the men (with the exception of the whiskey tasting event).

b. You’re not throwing away money at the bar… or at least as much money.

c. You look like a real great guy – showing that you’re the kind of guy who’s a giver is definitely going to attract those ladies. “Oh, I simply can’t go out tonight – I’m too exhausted from taking my Little Brother to the game last night.”

And now, for bonus item number 4: You would actually be helping people out!

Good luck out there…

Reply

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