Monthly Archives: October 2009

Does Lightning Strike Twice? Only in Colorado.

It’s funny how things come full circle.

One of the main reasons why I started this site was due to the epiphany moment I had last February. Feel free to read it in full, but essentially my job was instituting furloughs, my rent was going up, and I didn’t know what to do. Plus it was snowing. It took a phone call home to put things back into perspective for me.

Not even a full year later, while I was out in Colorado Springs attending a conference for my job, I received word that my parent company was reneging on its promise it made this past May to wait until the end of 2009 to reassess furloughs. Instead, the powers that be decided to tack on another day in November and December, making it a total of two days per month. Then there will be a reassessment.That will be fun, I’m sure.

Oh, did I mention the fact that it was snowing like crazy in Colorado Springs? Deja vu all over again.

There are many ways I could take this post, but let’s just say that I’m not entirely enthusiastic about my company’s plan for recovery. If you want to really find out more, take me out for a drink.

What I’d like to focus on instead, though, is taking experiences from the past and using them to make better decisions the next time around.

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Rent, Security Deposit, and Firstborn

[Editor’s Note: This is the final installment of a five-part series of defining personal finance moments.]

You should always do your due diligence before making any important financial decision, but I never realized how much you had to provide and sacrifice just to rent an apartment.

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Consolidating Sanity

[Editor’s Note: This is part four in a five-part series of defining personal finance moments.]

Ah, from selecting a college to trying to figure out the most cost-effective way to pay for it upon graduation.

The next defining moment in my life, with regard to personal finance, was when I was just about to graduate from Seton Hall in 2007 and I had to figure out the best way to begin paying off my student loans.

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Signing My Life Away — For 4 Years

[Editor’s Note: This is part three in a five-part series of defining personal finance moments.]

For those deciding to go to college, it is a nerve-wracking process. You have to fill out myriad applications, answer tons of questions, go on interviews, scour your contacts for recommendations letters … the list goes on and on.

What I find ironic about the process is that unless you are attending on a full scholarship, you are working demonstrably hard for the right to pay to attend a particular institution. That’s just the reality of the game, though.

Anyway, I applied to four universities when I was looking for a place to get my college degree. I decided to go to the most expensive one of the bunch, Seton Hall University, because it had far more pros (which I listed for my parents) than cons.

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Birthday Budgeting

[Editor’s Note: This is part two in a five-part series of defining personal finance moments.]

When I turned 18, it was a fairly monumental point in my life. I could vote, join the military, buy lottery tickets, smoke, go to strip clubs, you name it. I had just gotten the right to drive the new Ford Focus my parents had just purchased, so life was good.

Oh, another thing that I could do now at the age of 18? Have my own credit card, in my own name, without it being attached to someone older. Scary, right?

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FICA? What’s That?

[Editor’s Note: This is part one in a five-part series of defining personal finance moments.]

There are tons of “first” moments that can define one’s life. First kiss, first date, first marriage … and first jobs.

For me, the first paycheck I ever received at my first real job as a front end clerk at Price Chopper, a supermarket in Newburgh, N.Y., was one of the first defining moments of my personal finance journey.

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Leaving on a Jet Plane

Yep. It’s true. Early tomorrow morning I will be leaving Newark Airport and head to Colorado Springs for an industry conference I’m covering for my job.

I will be gone for most of the week delivering the 30,000-foot view, mindshare, Greenfields opportunities, and most other corporate jargon. As such, I won’t have the bandwidth (OK, OK … that was the last one) to deliver Daily Dimes next week.

That doesn’t mean I won’t be updating the site, though. Keep coming back here for a five-part series highlighting the most important events that have shaped my view of personal finance. These are in addition to the epiphany I had in February 2009.

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