Thursday, December 24, 2009
me in 1999 (left)
This time 10 years ago, I was twenty-something, too-thin, living in a 300 square foot studio in Manhattan, had a high-paying job, and I acted like I knew everything. It was the eve of the new millenium.
Since then the following has happened:
-For the first time ever, I paid attention to Kiribati, the first place on Earth to experience the new year. I celebrated the fact that our electricity stayed on when it was our turn to flip into the new millenium.
-I learned that airplanes can be used as weapons, and that I and my fellow Americans are not as safe as we thought we were.
-I felt patriotic for the first time in my life.
-I got married.
-I started, but never finished, my MBA.
-I paid off a huge mountain of debt.
-I shopped recreationally and often.
-I bought a condo in Brooklyn.
-I got outsourced.
-I continued to shop.
-I was separated.
-My grandmother died.
-My cat died.
-I experienced grief for real, for the first time in my life.
-I understood my mortality for the first time in my life.
-I stopped shopping.
-I was reunited with my husband.
-I was truly frightened of losing my job.
-I replaced shopping with volunteering.
-I felt fulfilled.
-I witnessed the inaugeration of the first black US president. I felt patriotic for the 2nd time in my life.
-I moved to the Heartland.
-My relationship with money did an about-face. My priorities were re-arranged. I slowed down.
All in all, I think it was a producive 10 years for me. I grew up financially, my romantic life matured, I gained confidence while ending my bravado-act, and I learned how to examine my life and my priorities. While my paycheck hasn't really grown that much, I have developed some much needed life skills.
me in 2009 (middle)
Sunday, October 11, 2009
Tuesday, September 15, 2009
Today my 5-year T-Bill that I had forgotten about matured. As I do every payday, I checked my bank account to make sure my paycheck made it to where it's supposed to go (yeah, ok, so I don't trust anyone, including the big no-name corporation I work for who is trying to outsource my job to India every time I'm not looking).
I was very puzzled over the extra money for a few seconds until I remembered the day, 5 years ago, to celebrate finally paying off my $20k of debt that I had accumulated, I splurged and bought myself a T-Bill with the portion of my paycheck that I had been throwing at my credit cards.
It reminded me of a MySpace blog I wrote in 2006 on a slow day at work. Here it is.....
It's a Beautiful Thing
Category: Jobs, Work, Careers
Since I don't want the top blog on my blog list to be such clear evidence that I have a tendency to freak out once in a while, I wanted to post a blog - any blog - to bump that last one out of the spotlight. And since it's rainy and sucky out, I can't write about sunshine and daisies, so the next best topic I can come up with is something helpful.
So here's my something helpful. I hope it helps....
(Try and stay awake. I know you think this is going to be boring, but try anyway).
The Beauty of Savings Bonds
Savings bonds are a beautiful thing. Really. Poor savings bonds have held the title of mind-numbingly dull baby-gifts for as long as I can remember, but what most people don't realize is that they're baby-gifts for a reason. Sure, they're cheap, they take a looong time to mature, and they fit very nicely in the junk drawer, ready to be forgotten until you're packing up your house to move somewhere else. But what makes them so boring also makes them handy.
The great thing about savings bonds is they're not liquid so you have to let them mature (for the most part), they tend to pile up, so before you know it you're sitting on a pretty pile-o-cash (eventually), and...yeah, well, they're cheap.
They make ideal gifts. Check it out:
What's the best wedding gift you can give? Something that says "I have faith in your marriage. I truly believe that you will be together for at least the next 30 years." Voila! Savings bond! You buy one with both people's name on it and you are declaring your faith in the couple's marriage - they'll have to stay together for at least 30 years if they want to share the full value of the bond. Of course, it has a nice little loophole too: To get two people's names on a savings bond, you have to have an owner and a beneficiary. So the person that you're actually close to in the wedding is the owner. If there's a break-up, the beneficiary can be legally shit outta luck (hehe).
Heading to your 5th baby shower of the year? Had enough of spending your hard earned money to outfit someone else's nursery? Savings bond! You hand over a savings bond that has $50 printed real big right on the front....but you only paid $25! Woohoo!
Ok, so savings bonds make great gifts, but guess what - they are great for your own retirement too. On http://www.treasurydirect.gov/ you can have as little as $25 periodically taken right out of your bank account to buy one of these handy little puppies. AND, having those $25 automatically coming out of your account each month (hint, hint - have it taken out ON PAYDAY), you actually forget you ever had it. Look:
If you put away $25 per month, every month for the next 30 years, you will have saved $9000. Eh....not much. But if you had those $25 going toward a savings bond each month, each of those bonds will double its value after 30 years. Assuming you're about 30 years old when you start, that means that between the ages of 60 and 90, you'll have a continuous (albeit small) cash flow amounting to $18,000.
Yeah, ok, that's essentially nothing ($1.67 a day). But when you're retired and your entire social security check (if you even get one) is going towards the rent, then your savings bonds will at least buy you a cup of coffee and a donut every day between 60 and 90 years of age. And really - do you want to retire without enough funds for a cup of coffee every day? If you had simply stuffed those $25 per month in your mattress, you'd only have $0.83 a day every day for 30 years.
HINT: You don't actually have to cash the bond in after 30 years. You're allowed to hang onto them for up to 60 years, allowing them to quadruple in value. But that's no fun...
Sure, it's not much. But with social security dwindling and corporations throwing pension plans out the window, every little bit counts. After all, you don't have to only buy $25 bonds per month. You could conceivably buy $100 bonds per month. Or more. It's all up to you and how much you expect to accumulate in your 401k....if you have one.
The biggest shining beauty of savings bonds? TAXES!!!!!
First of all, you don't pay taxes at all until you cash in your savings bonds. That means that the interest that is accumulating in your bond (which is what makes the bond double its value over 30 years) does not get taxed until you cash out the bond. Is this good because you're just delaying paying those taxes? Well, yes, but it also saves you money. If you were paying taxes on the interest as it accumulates, it would take longer than 30 years for the bond to double its value. Why? Because the more money accumulated in the bond, the more interest you get paid. If you're paying taxes as you go, then there is less money to pay interest on - hence it would take longer to double the value of the bond.
Secondly, savings bonds are exempt from state and local income taxes. That means that even when you do redeem your bond, the state and local government CANNOT tax you on that income (federal only taxes you on the interest accrued).
--By the way, if you use savings bonds to save for your child's education, NONE OF IT IS TAXABLE - NOT EVEN FROM THE FEDERAL GOVERNMENT!
--If you use bonds to supplement your retirement, since you'll be redeeming them at retirement age, you'll most likely be taxed at your lower retirement age income tax rate.
--You can transfer your partially matured bonds to your child's name. If you cash them out under your child's name before your child becomes an adult, the interest will be taxed under the child's LOWER tax rate.
So, you see, savings bonds are a beautiful thing. I love them - they are a foundation in my repertoire of gifts, and I currently am sitting on several thousand dollar's worth of bonds just waiting for me to retire. I absolutely have money automatically taken out of my bank account just to buy some of these beauties every month.
PS - Can anyone tell it was a sloooow day at work today?
Thursday, September 10, 2009
I fucked up real bad.
Just out of school, I chose the path of greed: I accepted the job that would allow me to move out of my mother's house instead of the job that I liked. And now I'm paying for it in stomachaches, stress, grey hairs, and boredom.
I hate my job and I want to quit. Desperately.
The way I see it, I have 2 options:
Option 1: Get rich. (Yeah, right.)
Option 2: Wean off the paycheck.
I choose to wean off the paycheck.
To my surprise, there is a ton of reading material out there on how to do exactly that. Basically, I need to reduce my need for money so that instead of having a lot of money, I have just enough to cover what I need.....so I need to reduce my need.
I talked it over with my husband. My husband usually just humors me because he knows that most of the time all he has to do is wait it out and my latest obsession will fade before I complete it, and this time is no different. He agreed that if I can get us to a place where we have no mortgage and no rent, then he will agree to me setting us up to live on as little as possible. Here is our list of requirements:
1. No mortgage
2. No rent
3. Internet access
5. At least 3 rooms (and a bathroom)
6. Running water
1. First thing's first: that condo in Brooklyn that's like a ball & chain around my neck. Selling it is definitely part of the plan, but selling it now is not. Selling it now is like buying high & selling low, so we're going to have to hang onto it for a few years. I need it to be self sufficient with a large cushion so that I can pay the mortgage for a full year even if there are no tenants in it (just in case). Then sell it after this recession is over.
2. Pay off the car completely. Even if this obsession does last long enough to get us to no mortgage no rent, my husband doesn't want to stop working, so we'll either need to keep the car, or I'll have to figure something else out (horse & buggy? bikes? hehe).
3. Save up enough to buy a piece of land outright. In cash. And figure out how to get 3 rooms (plus a bathroom) onto it. Oh. And learn how to farm since that's how we'll be getting our food.
Now I just need to figure out how to accomplish this. Wish me luck. Ideas are welcome.
Tuesday, September 8, 2009
Since my job moved to Dubuque in June, I've been thinking about what the next step is for me & my husband. My initial reaction was to start saving for a house immediately. I had a pocket full of glee at the fact that finally -FINALLY- I would be living somewhere that is cheap enough that would allow me to have a house.
I've spent the majority of my 37 years running towards the goal of house house HOUSE! I went to college so that I could have a house with a yard and a garden and a finished basement, finished attic, a garage stuffed with junk that I forgot I had, 2 or more bathrooms, guest room, dining room, living room, den, chef's kitchen, walk-in closets for clothes that no longer fit along with clothes that do. I spent my 20s waiting for my 30s, when I would be making enough money to pay off my towering and suffocating debt so that I could turn around and throw all of that extra money at a mortgage. I spent my 30s (so far) watching most of my peers moving into houses, having babies, driving cars, and me paying the same amount they were but for an apartment. A condo apartment, yes, but an apartment all the same.
And then I moved to Dubuque.
I got tenants for the condo back in Brooklyn, bought a Jeep, slapped my hands together, rubbed them, licked my lips and started a spreadsheet. How long would it take me to save up a 10% down payment for the houses that I very suddenly could afford? How about 5%, are the banks so clamped down that I can't start with 5%? What about that CD my mom bought me for Christmas years ago - should I cash that in? Maybe I should sell the condo in NY and use that money toward a down payment on a House.
And then I stopped.
I looked around the 16th apartment I've lived in over my 37 years (not counting dorm rooms) and saw that I had arranged my same old furniture in the same way I had in the last 2 apartments. As I moved from room to room (to room...and that's it, the rest is the kitchen and the bathroom), I felt pieces inside me starting to shift.
I thought about the condo back in NY. One of the reasons I moved to Dubuque in the first place is because I wasn't sure I was going to be able to hang onto the place if I stayed. My husband was recently laid off, and I was about to get laid off too. As it was, we were living paycheck to paycheck. If I got laid off too, the outlook for one or both of us getting a job soon enough and that paid enough to cover the hefty mortgage on the condo was looking pretty grim; it looked like the Great Recession was going to stay around for a while. So I rented it out and hightailed it outta there rather than face the looming probability that I would become so unoriginal as to be foreclosed upon.
I thought about the fact that here in Dubuque my rent is literally 23% of what I was paying for that condo (actually, it's 22.717885171416769929781082197439%). I thought about the fact that my husband & I are planning an overnight trip to Chicago for Christmas. I thought about the fact that we're planning on getting season tickets for the local ski slope. I wondered: if I got laid off while I'm here, what would I really lose? Overnight trips to Chicago and season ski slope passes? I can handle that.
This has been brewing for a while, but I think I'm ready to admit something out loud. I already freely announce that the thought of being a "mommy" makes me shudder. I'm pretty open about the fact that I feel not only forced into having a car, but I also feel seriously inconvenienced by it. I'm pretty sure I spent my ambition in my 20s and early 30s; I don't feel the desire to be promoted or even recognized (actually, I think what I and my colleagues do are pretty pointless in the big scheme of the world, but that's a different blog). I think I'm finally ready to say this:
I'm not sure I want a house.
PS. The photo is of my apartment in Brooklyn :)
Wednesday, August 19, 2009
I realize that being from Brooklyn, I sound incredibly NYC-centric and annoyingly snobbish, but the truth is, I think I figured out why everyone else in the world really does work 9-5 and not 7AM-to-whenever-you-drop-dead. Fact is, everywhere else in the world, you can't get your toenails painted at 8PM, your laundry done on a Sunday (that is, if you do laundry via drop-off), or, shit, get a fountain soda at 4:30 in the afternoon.
These pieces of shit have a sandwich shop directly across the street from the Big City Office Building (1-2-3, everyone say 'oooooh'), so naturally, they close at 3PM.
These stupid fuckers have a pizza shop around the corner from a building full of Big Bad Corporate Cubicle People, so what do they do? They close at 4. On weekdays. Let me guess. They have to "pick up the kids".
And these shitbags.....I don't even know why they bother. I would THINK they would try and capitalize on the I-worked-late-honey-here's-some-Chinese-food, but nooooo.
Actually, come to think of it - I don't remember them EVER being open.
So, yeah. I figured out why everyone else in the world are lazy bastards that can't be bothered to stay late EVER. It's because if they don't leave RIGHT NOW, the fucking liquor store will close. For the weekend.
Tuesday, August 11, 2009
We get to listen to music when we drive to and from work.
We get to listen to music REALLY loud when we drive to and from work.
As a matter of fact, we can listen to music really loud, and sing really loud, and bop our heads, and play air drums...on the way to and from work.
This was a revelation to me. I had already resigned myself to being 2 years past the MTV target audience, I was resigned to my ass sagging and my apathetic notation that "smoky eyes" are really just 80's black eyeliner raccoon eyes with a more appealing description. I was ok with the fact that I hadn't listened to the radio or heard any new music in years.I didn't realize that there was an alternative to a release-from-a-bad-day-at-work that was not eating chips and drinking wine until I pass out.
After a bad day with almost everyone screaming at me and me checking my bank accounts a couple of times to check that I have enough emergency money to float me should I be fired for incompetence, after an utter and complete Bad Day at Work,
(here's the revelation)
(this is the thing I didn't know about the country)
after that, a really fucking loud rendition of the Ramone's Glad to See You Go followed by El Gran Combo, ELO, a little Beatles, and Donna Summers.....
I gotta tell ya..
it really does a mind good. Especially if you use the steering wheel as a faux drum set and your fist as a microphone.
Off topic, but here are, in my irrelevant opinion, the best songs of my life:
Friday, August 7, 2009
Sunday, January 4, 2009
Here are some of the things I've always done that are now justifiable:
My bloke just plain old gets embarrassed by this habit. Especially when I ask the very expensive restaurant waiters to wrap up my bloke's steak bones. He is not convinced that it is worth it for me to take his eaten dinner home as a gift for our cats.
CREATING RECIPES FOR ROTTEN FOOD
Honestly, the Swiss got it right: rotten cheese makes a delicious fondue. I usually try to hide from my bloke the fact that we are having stir-fry as a way to disguise the soft and runny onions. Sometimes he catches me in the act and then refuses to eat my concoctions, but most of the time I get away with it.
MAKING MY OWN CLEANING SUPPLIES
Trust me - ain't nothing you can't clean with vinegar, baking soda, salt, and/or water. This lost nugget of wisdom is Proctor & Gamble's biggest dirty secret.
As far as my bloke is concerned, this is the one habit of mine that, had he known I engage in this activity, he never would have married me. The first time that he witnessed me trying to lug an old bureau out from under a few bags of leaky Hefty bags, his lips curled back in disgust and he spit out "WHAT are you doing?!?" After explaining to him that this was exactly what I was looking for to replace the crappy dresser we had, and could he please just pick up the other end and help me carry this home, he visibly drew back from me, turned abruptly, and left me there. I tried as hard as I could to get that beautiful thing home but in the end, I had to abandon it.
To this day, most Sundays will find me meandering up and down the streets between 23rd and 13th and between 5th and 7th Avenues (what I consider the perfect balance between high-end garbage and close-enough-to-lug-home), Garbage Shopping for that elusive perfect bureau. In the meantime, I have yet to actually purchase a granny cart (do you know how many people throw these things out for no visible reason?), plant pots (honestly, a little chip here and there is NOT a big deal), or -my personal favorite find- a barber chair.
Friday, January 2, 2009
In the first couple of months, I had a big team meeting with both teams together. I had them sit mixed in together: helpdesk-deskside-helpdesk-deskside, just like Denzel Washington did when he got his football players to sit together black-white-black-white on the bus to football camp. It worked for Coach Boone when he was trying to integrate his football team, so of course it would work for me when trying to get my 2 teams together!
Shortly after my meeting, Human Resources informed me that someone had lodged a complaint about me treating them like children by telling them where to sit. Nevermind that the complaint was made by the same guy that fought (and won) my complaint against him by saying that when he fell asleep with his forehead on the phone, he was still doing his job: his job was to answer the phones, and if it rang, the ringing would wake him up...it still stung. Where was my Gary and Julius?
I'm not sure if it was that moment that I started hating my job, but it must've been close to it.
After that, little by little I've come to realize that it really didn't matter how the team felt. If they answered the phones and fixed people's desktops, then we were doing alright. No one had to love doing it - they just had to do it.
I would love to see Disney make a movie that got that message across. It was probably one of the best lessons I ever learned as a manager.
PS. I have to tie this back into the whole my-bloke-is-on-the-dole theme, so here goes.....
According to Disney, coaching football in a newly racially integrated high school is as easy as picking people's seats for them and having them call you Daddy. Sounds like fun, right? I think I'll suggest to my bloke that he research high school football coaching jobs in Zimbabwe. I think there's still plenty of racial tensions there. Oh, the possibilities....
Sunday, December 21, 2008
Let's compare, shall we?
Him: Gets a huge Bugger-Off bonus. Enough to last him an entire year (IF he knows how to make it last).
Me: Can look forward to not getting a raise for the 8th straight year in a row.
Him: Gets to see disappointing movies in the middle of the day
Me: Went to the movie theater twice in 2008...both movies sucked ass.
Him: Is going to become a helicopter pilot
Me: Gets an ever-expanding ass due to immobility. Wears business casual instead of a cape. Wields a memory stick instead of light-saber.
All this has got me to thinking....What in the hell am I doing? I can barely force myself to enter my office building every day. Going to work is starting to become a serious inconvenience. It's an interruption to my day.
Since I can't realistically become a princess warrior, I can at least inquire as to what it would take to become a weekend warrior.
I've taken the verbal and math test. I've filled out the 8 page application. I've granted permission to do a background check. I've set up an appointment with a recruiter for the National Guard.