Archive for October, 2011

Yakezie Roundup Time

By: MD | Date posted: October 07, 2011 (6:00 am)

I want to start this roundup off by thanking all of your for being so cool to me this past weekend at the Financial Blogger Conference! I had a blast and I hope that you guys enjoyed yourself as much as I do.

Time to share some links while we all still have the conference on our minds:

1.  Great October Blog Giveaways! @ KNS Financial.

2.  No More Breadwinners …What To Do?  @ BITFS.

3.  When Less Is More  @ Life and My Finances.

4.  New Bank of America Debit Card Fee: Here’s What You Should Know @ Free From Broke.

5.  How do you manage your money with your spouse? @ Bucksome Boomer.

6.  Unemployed? Game Show Contestant? @ Buck Inspire.

7.  Why I Make $20 Per Tweet On Twitter And You Don’t @ Yes, I Am Cheap.

8.  Getting Paid To Lose Weight? @ Money Reasons.

9.  How Cool Were You In School? @ Yakezie.

10.  How You Can Learn From My Money Mistakes At The Financial Bloggers Conference @ Not Made of Money.

11.  Is Lifestyle Inflation Unavoidable? @ Retire by 40.

12.  Finding the Exit to the Financial Crisis @ Money is The Root.

13.  100 Words On: Why It Doesn’t Always Pay to Do It Yourself @ Len Penzo.

14. What I Learned From Meeting 300 Cool People in One Weekend @ TFB.

15.  Vienna, Austria: What On Earth Is A Heuriger? @ Wandering Early.

Can I Travel When I’m Not Rich?

By: MD | Date posted: October 06, 2011 (6:00 am)

Can I Travel When I'm Not Rich?

“Wandering re-establishes the original harmony which once existed between man and the universe.” — Anatole France

Is traveling only for rich people? Can a poor college graduate get some traveling done?

We finished off with the small savings series last week where I put up a big list of small savings. We’re now moving forward with a series on traveling and all of that fun stuff. Just to give you a little background information. I returned from a month long trip to Europe last week and I wanted to address the concern of not being able to afford to travel in your 20s.

Can I travel in my 20s when I’m not rich? Yes. Let’s see how. How can you travel when your budget is tight?

Plan in advance.

My best advice is to look at flight/hostel/hotel prices in advance to see what the prices are like in ahead of time during different time periods. I determined that it would be far too expensive to travel during the summer months. This is why I decided to head out in September instead. Chances are that you won’t be able to afford to go during the busiest time periods. That’s cool.

Did I mention that I still had a blast off season? There’s more locals and less tourists. You also meet more of the long-term travelers. Definitely worth the experience. Just by planning in advance and finding cheaper flights/accommodations you can travel when you’re not rich.

Go to places you can afford.

When I was in Budapest it was about $1 for a beer when you did the conversion. The stay at the hostel I was at was costing me about $17/night. The price of a decent meal was roughly less than five bucks depending on where you went to eat. This is highly affordable for most of us. The trick with planning any sort of first time long distance trip is to figure out where you can afford to go.

For your first trip post-college you won’t be able to afford a stay in Milan, Italy or a month in Thailand (due to insane flight prices). Most of us can afford a trip through Eastern Europe or other places on this planet where the prices aren’t through the roof. If you go to places that you can afford then of course you can afford to travel (what a statement, eh?).

Save up slowly.

You don’t have to come up with two grand in one shot. You should start to save up slowly for your trip. You can’t plan on leaving for Greece next weekend. If you plan to go in 6 months then you can totally afford to go hit up the Greek islands and party until 7 in the morning baby!

I’m a huge supporter of saving up slowly for your next trip. You can start off with $20 a week or more depending on how extravagant you want your trip to be and when you plan on heading out. I took $20 from a friend of mine every week until we could afford to hit up the Dominican for Spring Break. He was pretty damn happy that he agreed to this. As were the young ladies that he met.

Look for work abroad.

The best way to travel for any extended period of time is to find some part-time work. You won’t make a fortune but you’ll immerse yourself in the culture. You’ll get to meet some local folks and you’ll extend the duration of your trip. The more money you earn on your trip the less that you have to save in advance. It’s worth giving a try!

These are just a few of the ways that you can afford to plan a decent trip when you’re pockets are empty. I’m positive that if you get creative you can think of a few more ideas.

I want to conclude this post by asking you this question: when do you plan on starting your travels? Is money holding you back?

(photocredit: earthworm)

What Do You Do When Money Starts to Ruin a Relationship?

By: Green Panda | Date posted: October 05, 2011 (5:00 am)

Your Money or Your Life – Which is It?

Love and money can go hand in hand, but sometimes money can cause friction in your relationship.Depending on your money problems, there are some relatively easy to solve while others are extremely difficult.

Addiction to Credit Cards

Having high interest debt can be a big problem especially if one or both of you are impulse spenders.love beads

If you can’t keep your credit card spending in check, consider getting a plasectomy and physically remove the cards from your wallet. Some bloggers have literally put their cards on ice – freezing their credit cards

No Budget Skills

If you two can’t seem to stay on a budget, it can quickly deteriorate into a blame game. Without a plan for your money, it typically disappears without doing anything significant.

Fixing it is as simple as automating your money. Set up bill pay with your bank or credit union to take care of all your important bills. You also want to set aside an automatic transfer into savings. You two don’t have to create a strict budget, you let the deposits and withdrawals handle everything. Less stress, less mess.

Financial Infidelity

This is the most serious money problem if you have a joint budget system. You start hiding money from each other. Perhaps it started off small, such as a small bonus received in your pay check. It could be major, such a huge credit card debt that the other person doesn’t know about. Or maybe one of you regularly lends money to friends and relatives and it hasn’t been paid back. Perhaps one of you has  to borrow money from a relative to keep up appearances.

There is no easy fix for this problem. This is more than a financial dilemma – it’s a deeper issue involving trust, fear, and  a whole can of worms. Besides a financial planner, you may need to get counseling for your relationship to get to the root of the problem.

Your Options with Money Problems and Relationships

We all have make choices when it comes to love and money. While couples are different, your options for what to do basically comes down to these:

  • Choose the relationship; ignore the money. Sadly some people may feel that their relationship is so important that they don’t want to rock the boat and don’t work on the money problems. Usually the money problem increase and it spills over to other areas in the relationship.
  • Choose the relationship; work on the money issues. When it’s worth it, the two of you will stick it out and create a plan together.It may be hard to work it out with different money styles, but many couples find it brings them closer as they have to communicate regularly.
  • Decide it’s best to move on. Unfortunately it doesn’t always work out the way we want. Perhaps the problem is deeper than finances. Maybe you tried to work on the relationship, but you two are not really going anywhere.

What’s best for you? I can’t answer – you have to be honest with yourselves on what is the best option.Don’t rush into making a decision, especially if you two have history.

I hope that you can work out any money problem that comes you way as a team. It can become a strength rather than a weakness.

Do You Need Help with Money and Love?

Are you juggling relationship with money? Don’t forget to check out other posts in the series:

I hope that helps and I hope that you take a minute or more to share your own stories on how you got on the same financial page in the comments below.

Photo Credit: Aunt Owwee

Should You Buy a Smartphone? Do You Need It?

By: Kristina | Date posted: October 04, 2011 (7:30 am)

Should You Buy Smart Phone?

Good Morning Green Panda Readers. Today is the first post in our new readers series called “How Smart is Your New Smartphone.”  This series will discuss all of the benefits of having a Smartphone as well as all of the helpful functions of new Smartphones.  It is safe to say that technology has come a long way from the rotary dial up phone to the magical Smartphones of today.  It is very appropriate that we are writing about Smartphones today because today is the official release date of Apples (much anticipated) iPhone 5.

 

What is a Smartphone?

A Smartphone is a mini computer that acts as a cell phone, an mp3 player, and a camera (both video and pictures).  A Smartphone also allows us to access the Internet and our favourite Social Media outlets such as Facebook and Twitter through their unique Applications, otherwise known as Apps.  Remember the saying “There’s an App for That?”  This means that we can download an application to help us with any service that we need.  If you want to know the bus schedule you can download your local Transport Application.  If you want to check your bank account balance you can download your Financial Institutions Application and gain instant access to your bank account information and the closest bank branch or ATM.

The most common types of Smartphones are the iPhone, Blackberrys, and Android Phones.  Basically this just refers to the type of technology that the Smartphones use as well as the company that makes them such as Apple, Research in Motion (for Blackberry) or Samsung, HTC, and LG (for Android Phones).

Last year I upgraded my basic cell phone to a Smartphone and I totally love it.  I originally went in to my cell phone provider to buy a Blackberry, but I walked out with the LG Shine Plus with Google Android Phone.  I totally love it. I downloaded Applications for my basic social media needs such as Gmail, Facebook, and Twitter.  I also downloaded a Free Application from the Android Market which allows me to scan the barcode on products and get the price of each item, if they don’t have a price tag.  The Android Market is the equivilent of the App Store for your iPhone, iPad, and iPod.

 

New Smartphones

I also love my new Smartphone because I can download games to play while I am waiting for something such as the next bus or if I am waiting at my doctors office.  I downloaded Blackjack, Checkers, Euchre, and Badgammon.  The great thing about downloading Game Applications is that we only have to connect to the Internet to download, we don’t have to connect to the Internet to play the games.  I personally don’t have a Data Plan on my new Smartphone, so I can only connect to the internet where wi-fi access is available.

The cost of buying a new Smartphone is definitely worth the price because of the convenience, accessibility, and simplicity.  However, the cost of a Data Plan for a New Smartphone may not be within your budget, it was not within mine until I found out that I can Bundle the price of my monthly Smartphone Data Plan with my Home Phone, Internet, and Cable.  Now all of my services come on one monthly bill and the more services I bundle together the bigger discount I receive.  It is a win win situation; the Cell Phone provider gets more business and I get a monthly discount.

Having access to connect to the Internet through our new Smartphone and without having to access a computer is super convenient.  I can Google anything that I need with the tap of a button, I can Tweet my thoughts with a simple tap on my Smartphone screen.  The one thing that I don’t really like about my new Smartphone is the touch screen, it is really hard to see in the sunlight.  If you are looking for helpful online financial resources such as your favourite blog or an online financial calculator it is helpful to know that you can find them anywhere anytime with your new Smartphone.

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Are You Ready for Life After College?

By: Kristina | Date posted: October 03, 2011 (7:30 am)

Are You Ready for Life After College?

Hello Everyone.  Today is our first post for the month of October and the last post in our Ultimate Success Tips for College Students series. I hope that you have enjoyed reading about life in college as much as I have enjoyed writing about it.  Reminiscing about my life in college almost makes me want to go back to school; I said almost just in case my Parents are reading because they really want me to go back to school and get my MBA.

Life After College

I really enjoy my life after College.  During my 4 years in College I had a very busy schedule because I worked full time while also studying full time; after Graduation I found myself with a lot of free time on my hands, which has been really nice because it allowed me to try new things and live new experiences.  I now enjoy travelling once a year which I never had the freedom to do while I was studying in College.  Any free time that I had while studying in College was used to pick up more hours at work to make some extra cash.

Believe it or not I found a love for recreational reading in my Life After College.  I love reading about New York, Organized Crime, and Police Dramas/Murder Mysteries.  I try to read about one book a month, but since it is a leisure activity instead of an imposition by a Professor I take my time.  I never thought I would find a love for reading, but the truth is that I really really enjoy it.  I love reading before I go to bed because it is calming, and I love reading on a Sunday afternoon in the Sunshine on my balcony because it is a good excuse to get some fresh air and a tan.

The one regret that I have about my Life After College is not taking a year off.  I did take a year off after my first semester in College but that was because I needed to work full time.  I wish that I would have had the luxury to take a year off after Graduation to travel the world and find my place.  Unfortunately I couldn’t do that because my life was already planned out for me.

College Graduate Plans

After Graduating from College my Plans were clear…Work Full Time, Get Married, and Find Stability.  My structured adult life started right after College Graduation because it was a continuation of my life during college.  I was already working full time for a great employer while I was studying in college.  My only plans as a college graduate were to get a promotion and move up along the corporate ladder with my current employer.  That is what my parents did and that is what they wanted me to do.  My College Graduate Plans never focused on me, they always focused on my career and my money, because in my family that is what we do.  Everything is planned, and the one thing that my parents never understand is that we can’t plan for everything.

If I could give one piece of advice for College Students who are making plans for after Graduation it would be Don’t Believe Everything that you hear about Graduating from College.  Nothing ever works out perfectly as we plan because otherwise we wouldn’t have a Plan B, such as travelling or going back to school to get a Graduate Degree.  We should have a plan for our life after college so that we don’t end up wandering around like a lost puppy, but there is no rule that says we have to get married, start a family, and have a successful career right after college.  Who wants to start the rest of their life at 23 years old? I surely didn’t!  I also didn’t know it at that time; but I know it now!

In case you missed them, check out all the posts in our Ultimate Success Tips for College Students series:

Work+College=Find a Balance.

Should You Work Full Time or Part Time in College?

Be Productive In College, Not a Procrastinator!

Online Courses Helped My GPA!!!

Should Money Always Be a Factor for a Higher Education?

Use This Study Guide to Pass Your Exams with Flying Colors!

Are You Going To Graduate and Go Back To School?

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