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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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Freedom Fund – It Gives Me Freedom (or, How I Really Feel)

by WellHeeled on September 30, 2009

A long-timer commenter, Onegirl, asked some insightful questions on my previous post. I imagine other readers might have similar questions, so I wanted to offer my thoughts on the subject.

It seems that all of your posts lately have been talking about spending money or remaining on a budget. Are you sad you don’t have a job? Are you trying to remain positive for your readers? I’m sure some days you are feeling bad or sad, but I’m not really getting that vibe. Do you not want to share that with us? Just curious. How is your freedom fund coming along? Is unemployment enough to keep you happy for now? Are your parents helping you especially since you just moved into the cool new place?

Everyone deals with not having a job differently. Here’s how I chose to respond to my situation: I gave myself 3 days of “free-for-all”: sleep in until noon, mope around if I wish, watch TV online, eat whatever I want. Then, the free-for-all is over. I’m not going to feel so bad or anxious that I impede myself from the next goal, the next opportunity.

Financially, I am not worried about the next 9 months (I sincerely hope my job search doesn’t extend that long – I’m working on a few opportunities that I hope will bear fruit before then. One involves living overseas). Unemployment benefits cover all of my day-to-day expenses, and I have cash savings that will go quite a ways, especially if I move back home. My parents treat me to dim sum more often, but other than that they don’t give me any money (although knowing that I have their support is invaluable). 

I said before that the uncertainty is unnerving, but the possibilities are exciting. I stand by that. Don’t get me wrong, I don’t want to be rah-rah earning no income is great - I want to be progressing in my career and making money. But here’s where having a Freedom Fund is so wonderful – it allows me the opportunity to conduct my job search aggressively, not desperately (I don’t write about interviews because they fall into the no-blog-about-work policy). If I need to travel to hold informational or formal interviews, I can afford the gas or the plane ticket. If I want to take advantage of my free time by taking classes that will be personally and professionally enriching, I can do so. It gives me peace of mind.

So, do I feel bad or sad sometimes? Yes, I have my moments. But they are just that - moments. They don’t overwhelm me nor stop me from doing what I need to do. Do I want a job? Of course. Am I enjoying the chance to do things that I haven’t had time to do before (travel, dance lessons, etc.)? Well… yes. Does having a Freedom Fund, being young, and having the emotional support of my parents make me feel eager and ready to embrace what might come tomorrow? Heck yes. :) I’m determined to take advantage of this time the best I can so that when I look back on it, I can say, wow, I really did something cool, and not, wow, I had all that time and did nothing.

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Your Emergency Fund-Let’s Fine Tune That Baby!!! | The Millionaire Nurse Blog
April 29, 2010 at 4:24 am

{ 12 comments… read them below or add one }

Manisha Thakor September 30, 2009 at 12:31 pm

Ok, this post made the hairs stand up on my arms with excitement / pride. We are bombarded with advice to have “emergency funds.” It’s excellent advice. But your moving, transparent, and honest depiction (both on your wonderful blog & on Twitter) of what it’s like to be in an unexpected period of career transition & to put that “Freedom Fund” (such a better term) to use should serve as an inspiration to every reader to build theirs up T-O-D-A-Y. You are a role model in so many ways… keep writing, doing tango, and know we’re all rooting for you!

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Miss M September 30, 2009 at 2:02 pm

I enjoyed unemployment, though at the time my living expenses were lower and unemployment paid for most of them. Now I’d be freaking out in a week! My first stint of unemployment I never even looked for a job, one found me after about 2 months. The 2nd time I had a new job lined up, it just didn’t start for a few months. I enjoyed the time off knowing I’d never get that type of vacation again until I retired. I used it to read, exercise and do all of the things I never had time for with a daily job. Lots of luck with whatever may come, hopefully this is merely a transition to new and exciting opportunities.

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Rachelle September 30, 2009 at 2:26 pm

First of all, I love the new masthead. Reminds me of a warm, comfortable night in my room…except maybe my books and shoes would be sprawled all over the floor.

Secondly, I’m really happy that you’re staying positive during such a time and hope that your radiance encourages others in similar situations to have the same mentality. It is easy to become depressed, or have week long free-for-all, but you sound like you have a great head on your shoulders. Good luck with your job search!

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Tea September 30, 2009 at 2:59 pm

Wow, I guess I haven’t been over here in a while or I haven’t been paying much attention because I didn’t even know you lost your job.

Best wishes on the job search. And thanks for staying so positive and contuing to blog throughout this ordeal. Makes perfect sense that a pf blogger would have enough money saved for the unexpected.

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Paragon2Pieces September 30, 2009 at 7:51 pm

Bravo. This is an excellent post. I only wish my significant other had had the same responsible, driven approach when he went through a similar experience.

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SP September 30, 2009 at 10:36 pm

Love this! And the new header — very much representative of (what I think of) you!

Maybe I’m paranoid, but I sense a bit of schadenfreude in the email you received. While we’d all be happy to support you if you were struggling with negative emotions, I’m much happier to see your great attitude and a sensible perspective on temporary unemployment and future opportunities!

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Crystal September 30, 2009 at 10:55 pm

Hear, hear! Well said.

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Rackelleigh October 1, 2009 at 7:30 am

I don’t particularly think it’s schadenfreude. I think if I were to lose my job the psychological impact would take a lot longer than three days to bounce back from, but maybe that’s because I don’t have such a solid financial net to keep me from relying on Govt./parental aid. Everyone’s situation is different.
Hope your opportunities bear fruit!

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OneGirl October 1, 2009 at 7:42 am

SP-The definition of schedenfreude is ‘satisfaction or pleasure felt at someone else’s misfortune.’ I am appalled that you would think that. I was asking how she was coping because she hadn’t said much about it. Those that have been reading know that she has a Freedom Fund, but sometimes, when you save that much money, you don’t want to spend it. [/rant]
Being unemployed is a terrible thing. I’ve been there before, and I felt EXACTLY the same way Wellheeled does. Why? Because I was prepared. I saved my money, used unemployment to balance out my wants and needs and had a successful 3 month hiatus from working. I traveled, and did tons of fun things that I couldn’t do beforehand because work got in the way. For those that have never experienced it, it’s nice to see a positive side to unemployment. It’s not always doom and gloom unless you’re ill prepared. I know former coworkers that got laid off recently, and they are crying themselves to sleep every night because the bills are coming in, and they can’t afford the lifestyle they were living when employed. There is no harm in asking how someone’s doing/feeling. I wondered if Wellheeled really was feeling positive or just pretending online to be positive. I am very proud of you, and glad that you’re keeping it together even though this is a tough time. You know what you need to do and you’re doing it. Good on ya, babe. (sorry for the book!)

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Wellheeled October 1, 2009 at 3:42 pm

Everyone – thank you so much for your words of encouragement! I’m doing quite well. I think the important thing for me is to stay intellectually engaged (language classes, tons of reading) and physically active (Argentine tango), and maintaining contact with friends and family. And I won’t lie, the chance to travel and do all the things I haven’t had time to do before is nice indeed.

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SP October 1, 2009 at 11:16 pm

Sorry onegirl, I don’t know you and I sincerely apologize for misjudging your comment so completely!!

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OneGirl October 2, 2009 at 6:21 am

It’s ok. Misinterpretation happens all the time on the internet. It keeps things exciting, perhaps. hee hee. Have a great weekend!

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