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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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Friendships Borne of a Transactional Relationship

by WellHeeled on October 12, 2009

Money is a funny issue – depending on your handling and communication styles, money can either smooth or sink relationships.

On the one hand, having clear expectations and communication can help avoid misunderstandings and set boundaries, on the other hand, being too eagle-eyed or nit-picky about finances can make relationships seem too transactional.

Where does one draw the line? I think everyone’s limit varies, but I think of it this way: agreeing to split the lunch bill is setting clear expectations, refusing to split the bill 50/50 because one entree costs a dollar more than the other is nit-picky (unless you already got separate checks beforehand).

Recently, my kitchen has been experiencing electrical problems. As a result my fridge turned off on a weekend (that I wasn’t home) and all my food, including several pounds of salmon, spoiled. My landlord told me to buy new food, give him the receipt, and he’ll reimburse me for the cost. That’s a nice offer, and with any other landlord I probably would’ve taken advantage of it, but with him, I just didn’t feel right about it.

My landlord’s family and I have developed a fairly close relationship (if you follow me on Twitter, you will know that my landlady frequently brings me food, I’ve had dinner at their house a few times, and my landlord occassionally help navigate my car out of the tricky driveway).

Our relationship is first and foremost based on a transactional nature (i.e. the landlord-renter relationship), but beyond that we have delved into the non-transactional path (i.e. friends). Furthermore, I feel as if my landlord have gone “above and beyond” several times for me. When I locked myself out at 12:30AM, my landlord came to open the door without any complaint or charging a lockout fee (I, of course, apologized profusely). Today I wasn’t feeling well, but with an empty fridge, I asked my landlady for some food. I was a little embarassed, but she quickly offered me a delicious tuna salad sandwich.

In light of our evolving relationship, I feel that there are times when our relationship should have clear expectations (i.e. I pay the rent on time. He takes cares of necessary repairs), but there are also times when being too nit-picky about money, such as the grocery-list, isn’t helpful.

It’s not that we’ll stop being friendly if my landlord have to reimburse me for $30 worth of groceries. But I just feel that in some areas it’s nice to leave the money out – it creates a sense of goodwill.

You May Also Want To Read :

{ 2 trackbacks }

Carnival of Personal Finance Edition #227 | Fabulously Broke in the City
October 18, 2009 at 11:04 pm
Blogging News & Updates | Well-Heeled, with a mission
October 19, 2009 at 1:42 am

{ 5 comments… read them below or add one }

LA Daze October 12, 2009 at 4:57 pm

You have a great landlord! I also wouldn’t take advantage of it – simply offering to reimburse you for groceries is sufficient. The sad truth is that there aren’t that many nice people out there anymore. People think of themselves too much and don’t seem to care about the general well being of others. It’s rather bothersome to me. Posts like this are extremely refreshing!

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Katie C. October 12, 2009 at 5:30 pm

I wouldn’t have taken advantage of it either… Unless it was the landlord’s fault that my groceries spoiled. Where I live, there are a lot of trees. The tiniest bit of wind, and you’ve got a tree falling into a transformer. But I would never blame my landlord for that kind of inconvenience. She can’t control the weather. Because it was your kitchen that caused the food to spoil – a kitchen stoked with appliances bought by your landlord and maintained by your landlord – I’d consider the offer necessary. As in, it was right of your landlord to offer to replace the food. You shouldn’t be embarrassed about asking the landlady for food either. One sandwich doesn’t equal $30 worth of groceries. It’s the least they could do.

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OneGirl October 13, 2009 at 5:55 am

I agree. The offer is sufficient. I wouldn’t give him a receipt for the groceries. It’s awesome that you have such a nice relationship with your landlord. All I ask as a landlord is that the tenants pay me on time and don’t call. HA!

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Investing Newbie October 13, 2009 at 9:36 am

That is great foresight on your behalf to know when to leave money out of things. Money just has that way of muddying perfectly sound situations, and it is more important, in the Long Run, to keep both the transactional and non-transactional forms of your relationship, in the clear.

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FB @ FabulouslyBroke.com October 17, 2009 at 7:11 am

Wow. What a fabulous landlord. I definitely wouldn’t take advantage of that relationship.

It can be difficult to judge accurately when you should leave money out of situations, but I think Investing Newbie hit it on the head — it depends on the long run potential of your relationship, and all the other factors that will help you make the correct decision.

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