We’re broke, we’re unemployed, we owe student loans, we’re living off our parents, we have degrees in things like English and Philosophy, we’re unprecedentedly narcissistic, and as if we couldn’t get any more charming, all the money we do have we spend on luxury goods: welcome to Generation Y, bitches! The millennial epoch, composed of those born between 1980 and 2000, is the fastest-growing demographic of those who purchase luxury goods. Consumers of this generation increased spending on premium fashion and services by 33 percent in 2011, and while boomers remain the foremost buyers of luxury items at 50 percent, millennials have altered their habits drastically in the past year alone. Keep reading »
I am celebrating today because I got my tax return in the mail and used it to pay off every cent of credit card debt that was hanging over me like a dark cloud. I won’t say how much, but it was in the thousands. I bought a new computer, had some doctor’s bills and before I knew it, the debt was piling up as it tends to to. I am pleased to announce that as of this morning, I am 100 percent credit card debt free for the first time in over a year. And I plan to stay that way. It’s weird, but I feel lighter somehow. Debt really weighs down your spirit. Right now, mine is carefree and doing the River Dance. Woot woot! So Friskyverse, I want to know how you are planning to allocate your tax return funds. I hope someone out there is already debt free and using the dough to buy something completely frivolous, like a mini pony or something. I want to live vicariously through you, please. Share with us in the comments.
Twelve years ago, Daniel Suelo left his last $30 in a payphone and walked off into the desert. Daniel had decided that money was “an illusion” and no longer wanted to be a part of the capitalist financial system. So he decided to live off the grid — way off the grid — surviving off of foraged food, roadkill and the kindnesses of friends and strangers. He set up camp in a cave in the Utah wilderness, but also began blogging — because even though he wanted to live without money, he also wanted to stay connected to his fellow humans.
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Ryan Gosling memes never get old — especially not on Equal Pay Day, a date symbolizing the extra days a woman will have to work in 2012 in order to earn, on average, the same amount as a male counterpart did in 2011. You know, that “equal pay for equal work” stuff that feminists are always blabbing about. You can learn all about the pay gap between men and women right here … but I’m warning you, it won’t be as easy on the eyes as The Gos. [The Daily Muse; Pay-Equity.org]
Oh, hey there. Guess what day it is? April 17th! No, it’s not my birthday. It’s Tax Day! Alright, so maybe this isn’t an occasion for excitement and joy, but whether you like it or not, taxes must be paid by midnight tonight (unless you are filing an extension or giving the finger to Uncle Sam like these celebs). With that in mind, we’ve compiled some straightforward advice for you tax-filling slackers who waited until the very last second to file — like yours truly. Keep reading »
I was flipping through Lucky magazine this weekend (in the bath, actually! Amelia would be proud) and saw a gorgeous purse that literally made me gasp. The strap on my current purse broke recently, and this was the perfect new bag for me. The only problem? It costs $269, which is about $200 more than I usually spend on a bag. As my thoughts rushed toward justification of such a huge purchase, I realized my birthday is coming up in a couple weeks. Eureka! I thought, This could be a birthday present for myself! I’ve never bought myself more than a cupcake to celebrate my birthday, but in recent years a lot of my friends have started getting gifts for themselves–everything from jewelry to vacations. I think your birthday can be a good excuse to treat yo self, but it’s also an easy way to justify overspending. So, what do you all think of this idea? Have you ever bought a birthday gift for yourself?
If you have a teenager nearing prom age, hopefully you’ve got good credit. Between dresses, flowers, limo rides, and hairdos, the average family with a teenager is expected to plunk down a whopping $1,078 on prom this year, up from $807 last year, according to a new Visa survey spotted by USA Today. “This is social-arms-race spending,” says the head of Visa’s financial education programs. “It’s extreme.” Read more …
riving in a Rolls Royce, getting a bodyguard, flying on a private plane: These aren’t normally things that New York Times financial reporter Kevin Roose gets to do. But as a guy who writes about billionaires, he wanted a chance to live like one for 24 hours, he explains in a first-person article. It’s a key “paradox” of our times: While many of us are furious at the rich, we’re still fascinated by them, he writes. Read more…
My husband is my best friend in the world. I’m sure I’ve caused several cavities just by saying so, and can hear a few of you making gagging noises through my computer screen right now. But hey, it’s true. He’s amazing and he understands me better than anyone. He’s the only person who doesn’t annoy the crap outta me after long periods of time, and he laughs at all of my jokes. He’s also totally hot and you should all be extremely jealous.
That said, I have absolutely no desire to share my spending habits with him. Keep reading »
Earlier this month, Jennifer Aniston popped into a vintage lighting store in New York City and dropped $20,000 on lights for her LA mansion (meanwhile, in Real People Land, we’re debating whether or not to drop 30 bucks on a lamp from IKEA). Obviously $20K is nothing when you’re a super rich celebrity like Aniston, who earned an estimated $28 million last year. Jen’s not the only celeb flexing her buying power. Click through to check out 10 other mind-boggling celebrity shopping sprees… [Us Weekly]