How Would You “Waste” Money to Improve Your Quality of Life?

You know that game you play when the Powerball skyrockets up to some astronomical amount and your co-workers start to collect $5 from everyone to buy tickets? The old “what would you do if you won the lottery?” song-and-dance in which one person says they’d keep working, one person acts all benevolent and says she’d donate it to charity and then you’re honest and say you’d quit your job, buy a few homes, travel a bunch and then get tired of everyone you ever knew asking you for a loan.

Considering that the odds of you winning the lottery are pretty much non-existent and many folks end up blowing it all in a few years anyway – I quite prefer this practical question posted on an episode of The Tim Ferriss Show podcast.

“How can I ‘waste money’ to improve my quality of life?”

Improve quality of lifeTim used $2,000 a month as this sample discretionary fund to put towards improving his quality of life, but let’s say you’re not a multi-New York Times best-selling author and angel investor with a successful podcast. $2,000 sounds like a beautiful sum to squander, but $500 felt a more realistic amount for many millennials. So, for the fun of hypothetical questions though, I posed Tim’s question to Peach with both the realistic sounding $500 level and then the fingers-crossed-one-day-in-the-future amount of $2,000. There was one catch: he couldn’t use the money to invest, save or pay off debt.

We batted our ideas around for a while. Peach focused his funds on increasing his ability to see his family by either flying them to New York City or him taking regular routine trips back to his hometown. He took the improving quality of life from a mental health perspective.

I opted for the money to improve my quality of life by outsourcing chores I despise like meal planning and cooking, thus freeing up time similar to Tim’s initial point in the podcast.

When I posed the question on Instagram and Twitter to the tune of $500, the answers were almost all related to chores and health:

  • Dedicated parking or the use of Uber in major cities
  • Spa days featuring massages and facials
  • A personal trainer
  • A chef to cook healthy meals or a food delivery service or buying only organic food
  • Housecleaner and/or laundry service
  • Meditation classes
  • An assistant
  • Indulge in expensive restaurants

You probably will find $500

“Basically – what would you do if you didn’t have to make student loan payments…I think about this all the time…Sigh” one of my friends wrote on Instagram.

She’s right, many people will eventually have an extra $500 a month by paying off debt or earning raises via traditional jobs or generating more income in freelance life or starting a side hustle. Unfortunately, you might not realize you’ve got that spare $500 or even $2,000 around to allocate towards improving your quality of life because of the slow creep of lifestyle inflation.

By the time those student loans, credit cards, personal loans or car payments are handled – will you still be living far enough below your means to enable the spending of $500 to improve your quality of life?

Or, if you’ve always been a freak about handling your money and never been in debt (like me), will you be able to get your mind out of the intense frugality headspace in order to justify “wasting money” in order to improve your life.

My struggle to waste money 

laundryAs a New York City dweller, I do not have the luxury of a washer/dryer in my apartment. Instead, I must walk the 500 feet (thank goodness it’s close) to my laundromat at the end of the block. Because I’ve gotten close with the owners after more than five years of doing business with them, I just dump my clothes in the washers, go home, return in 27 minutes to move my laundry to the dryer, go back home and return in 56 minutes to fetch my clothes. Typically, I dump them all in my laundry bag and head home to fold. Scintillating, I know.

Due to a series of events two weeks ago, I found myself folding laundry at the actual laundromat on a Wednesday night. In the 20 minutes it took me to fold my laundry, there must’ve been about eight people who popped in to pick up their freshly laundered and folded duds. It felt as if I was the only person on my block that actually bothers to do my own laundry instead of dropping it off.

It would probably cost me about $20 each week to get my laundry washed and folded by the pros. Even though I can return home while my laundry is going, it’s hard to get much done in 27 minutes and then an hour later I’m interrupted again to return and halt to fold and put away my clothes.

This is a long-winded way of telling you, I rationally know it makes more sense for my time value of money to just pay for the laundry service, and yet I struggle with actually pulling the trigger. My mind makes excuses about how there’s a lot of clothing I hang dry or that I like everything washed cold and only dried permanent press and what if they mess up something of mine and then I’m out that money? Pretty pathetic reasons to not ‘waste my money’ on something that will improve my quality of life.

Overcoming mental blocks

Due to a large amount of travel, this month consists of only 8 full days home in New York City. Plus, the second draft of my book is due mid-month. So, what better way to force myself into using a laundry service than by doing it at a time when I feel it’s highly justified because I need every extra moment possible to get work done or just take a moment to relax? Next week is the test, so we’ll see if testing the waters this month can lead me to “waste” some more money in the name of outsourcing menial tasks and improving my quality of life.

How would you spend $500 to improve your quality of life?

Image taken from Pexels

Posted in Millennials, Random

A Love Letter to Millennials, From The Stock Market

Kicking off my investing series with this open letter from the Stock Market to you. Before we start to talk about the how, let’s address those rumors you’ve been hearing about the Stock Market’s behaviors. 

Dear Millennials,

While reading The Wall Street Journal I came across an article I found quite distressing. Apparently, your generation is flocking to my bastard cousin, real estate, in the hopes of securing your financial future. You’re flippantly tossing around hurtful statements about how I “spook” you or putting your money in my grasp is nothing more than gambling. I’m not some two-bit slot machine you pump full of quarters in Vegas. I am The Stock Market and I believe it’s time the two of us have a little heart-to-heart.

love letterYes, there have been times I caused panic and destruction. Your history books teach you about Black Tuesday and your parents may have lost some money when I took a dive in 1987. Most of you are probably frightened by me because of what happened in 2008. I know I caused some of you to lose jobs while others graduated from college to face crushing unemployment rates. It makes sense why you view me as a wicked witch trying to lure you into a house made of candy, only to throw you in a stew. However, this is an exaggeration, which makes it clear to me you’ve spent more time debating whether or not to swipe right on Tinder than learning about me from reliable sources. Yes, there will be days we disagree and I cause your portfolio a little bit of pain, but if you only have the patience and commitment to tame me, then we can grow together.

My dearest Millennials, you are in the unique position of having what every investor craves: time. Time is exactly what will make you the next Warren Buffett. Well, that’s a lie. Time can help, but few people can make me their bitch quite like Buffett. Time is important because it helps you grow your wealth while sustaining future drops in the market. Time alleviates the pressure to quickly amass money in the later years of your life so you can retire. In fact, you can retire earlier if you learn how to master investing in your 20s vs your late 30s or heaven forbid into your 40s.

Speaking of retirement, how about those 401(k)s and IRAs you have all set up to prepare for your retirement? I’ve heard rumor you think those are enough to financially prepare for your future. First of all, jokes on you. If you have a 401(k) or IRA then you’re most likely already in bed with me. And yes, those are great starts to prepare you for the future, but the key to wealth is diversifying. One 401(k) plan will not a rich man make. That money is meant to support you from traditional retirement age, around 62, until you die which could be 30 years later. And remember, Uncle Sam will come for that money if it isn’t in a Roth account. If start teetering towards the point of outliving your stash of cash, then you better hope that you have really loving children.

For those of you interested in keeping all your surplus of money as cash in a savings account, I beg of you to think about the low interest rates. If you won’t need that little nest egg for five or 10 years then why are you stuffing it away under the proverbial mattress by putting it in a low-yield savings account? Your money is pitifully wasting away, when it can be used to make more money!

While we’re on the subject of diversifying, go ahead and invest in real estate but keep some funds with me too. The real estate market can burn you just as badly as the stock market. And even if the real estate is doing well, it doesn’t liquidate into cash particularly quickly when you’re in a bind.

If you’re willing to commit to this relationship and become a long-term investor, then we can do well together. You need to be able to handle your emotions and remember to buy low and sell high. When I take a dip, don’t run away screaming. Instead consider pumping more money into my waiting arms. While everyone else panics and sells, you can scoop up some cheap buys and watch as they begin to rise until you can sell high. Because the secret is: I’m a cyclical beast.

Your teachers probably told you that we should learn from history. Well, if your young brains are as open-minded as your generation claims to be, then learn from the history of investing. Those who are willing to establish a committed relationship with me through good times and bad, in sickness and in health, are handsomely rewarded. Those who run at the first sign of trouble will never amass the wealth I can afford them.

So my Millennials, I ask that you please reconsider your relationship with me. I can offer you both the danger of being with a bad boy and the power of being with one of the biggest players in the financial world. Plus, when you catch me on a good day I’m really not too hard on the eyes.

My most sincere love and gratitude,

The Stock Market

The post was originally published on August 3, 2013. 

Image taken from Pexels.

Posted in Investing Tagged with: , , ,

Broke Millennial Inks a Book Deal #GYFLT

Update: The official title is BROKE MILLENNIAL: How to Stop Scraping by and Get Your Financial Life Together and it’s now available for pre-order on Amazon and Barnes & Noble.

I’ll be using #GYFLT for all social posts.

That’s right – I’m going to be an author! I’ve been sitting on this news for about six months now, because I’m apparently superstitious all the sudden and felt a little like David after dentist

In early February, I signed a book deal with TarcherPerigee (a  Penguin Random House imprint). On Monday, I submitted my first manuscript! Here’s the official announcement from February:

26-year-old personal finance expert and CBS SUNDAY MORNING guest Erin Lowry’s BROKE MILLENNIAL, based on her blog of the same name, using wry humor and real-life examples to demystify the world of money for millennials and including advice on how to handle tricky financial matters that arise in personal and social situations, to Stephanie Bowen at Tarcher Perigee, for publication in Spring 2017, by Eric Myers at Dystel & Goderich Literary Management.

The book, with a working title of Broke Millennial and tentative release date of May 2, 2017, will be a choose-your-own-adventure guide to personal finance. Or, in crasser terms, a perfect book for the bathroom!


My awesome friends got me an ice cream cake to celebrate right after I submitted the first draft. As you can see, book writing takes a physical toll. 

You’ll get the same flavor in the book that you’ve grown accustomed to on this blog. Each chapter hits on an element of personal finance including: dealing with student loans, decoding credit scores, getting financially naked with your partner, investing 101 and how to pick the right budgeting style for you. There will be story telling. There will be humor. There will be snarky comments. There is a very obvious inside joke woven throughout it, and I can’t wait to see how many people pick it up! And because everyone always asks, yup – I did get an advance.

Curious how it all happened? Here’s the full story.

It all started with an interview… 

It’s so cliché to reflect on how one moment can ripple out and change your whole life – but that’s exactly what happened. I can actually point to the origin of this book getting put in motion: CBS Sunday Morning.

I spoke on the topic of millennials in the work place for a segment on CBS Sunday Morning that aired in September of 2015. The piece mentioned my blog and a New York City-based literary agent, Eric Myers, saw the segment.

A day later he sent me an email saying he’d seen me on CBS Sunday Morning then checked out the blog and wondered if I’d ever considered writing a book?

Of course I had! One of my first childhood dream jobs was to be a writer (and the White House Press Secretary – fun fact). I’d actually been offered a book deal before, but it was a small operation with no real resources to promote a book, plus I still felt green at the time, so I decided to turn it down.

12698237_10153582999541137_8883090275339917944_oEric and I ended up getting lunch and I decided to sign with him shortly after.

Then the proposal process started.

I could never have successfully pitched myself to publishers without Eric’s guidance on the proposal process and skills in securing a deal. That thing was a beast and required so many nuances of which I never would’ve thought to include on my own.

After some back-and-forth, Eric and I finally felt the proposal was ready. Except, it was mid-December, which seemed like a terrible time to be trying to pitch a book, so we held on to it until January.

On January 11, Eric announced the proposal in the Dystel & Godrich Literary Management newsletter.

At the tender age of 26, Erin Lowry has already become the go-to authority on money matters for the millennial generation. Her popular blog, Broke Millennial, offers answers to all questions about personal finance for millennials, and does it in a wry, irreverent tone that speaks volumes to her peers. She is also a regular contributor to U.S. News and World Report and has been featured in Forbes and USA TODAY and on CBS Sunday Morning.  She is now ready to make Broke Millennial a book, a personal-finance guide that will give millennials the answers to questions they don’t even know they should be asking. Like her blog, Broke Millennial will use a conversational tone, storytelling, and embarrassing personal anecdotes to demystify personal finance for Lowry’s generation, a generation that often finds itself saddled with $30,000 worth of student-loan debts at age 22. Chapter titles like “Getting Financially Naked With Your Partner,” “Down the Rabbit Hole of Insurance,” and “Investing 101: Keep It Simple” will give readers a sense of control over their lives in this precarious economy. As she puts it, plenty of millennials “may be ridiculed for continuing to live off parental welfare way beyond college. But often times I find that it’s simply because they have not been given the tools, or the shove out of the nest, to get by without it. How are we supposed to survive and thrive financially if we are never given the skills to do it?”

Then, we waited.

I got one of the nicest rejections of my life when an editor said she found my voice more hip and engaging than a well-known personal finance author – but she couldn’t acquire mine as it was still a bit too similar and would compete with the backlist on said author’s book.

By January 22, I had in-person meetings with two major publishing houses.

On February 4, I had two offers.

On February 9, I formally accepted with TarcherPerigee!

I submitted the first draft of my manuscript on Monday (July 18th) and will be entering the edit phase quite quickly in order to ensure the book can hit shelves in May of 2017. I can’t wait to share more updates, especially cover design options!

Hope you’ll all join team #GYFLT!

Okay, I’m going to go back to doing my happy dance, which looks something like this:

Posted in About Broke Millennial, Book

Are You Your Parents’ Retirement Plan?

A perverse game gets played in my family. For lack of a formal name, let’s call it the Percentage Adjustment Game. In moments my younger sister or I do something to jokingly tick off my Dad (this could be as simple as the time my sister saw Friday Night Lights and said, “oh, it’s like rugby”) he will respond with, “You just lost X percent” or “your sister just got Y percent.” He’s referring, of course, to the splitting of our hypothetical inheritance.

The Percentage Adjustment Game is purely grounded in fiction for us as my sister and I both live under the assumption we won’t receive an inheritance. That isn’t to say our parents are gallivanting around the world blowing money we would otherwise inherit, but rather because we both plan to forge our own paths to wealth and don’t want to plot our futures based on a potential windfall from Mom and Dad.

retirementThe advantage, however, of growing up with death, money and inheritance being a point of humor is that our parents managed to remove the taboo out of the conversation. It’s not unheard of for me to casually be able to bring up long-term care insurance over dinner or ask if my parents ever plan to live with my sister or me in their twilight years.

When I mention the Percentage Adjustment Game to my fellow millennial friends, I’m often met with looks of shock and horror. It seems my peers don’t talk about their parents demise casually around the dinner table. But my jaw drops to learn that many of my friends have absolutely no idea if their parents are prepared for retirement or financially set for their final years.

You deserve to know details about your parents’ financial futures, because it’s imperative to begin budgeting and saving early if you’ll be handling the costs of a parent’s medical care, or retirement community or you simply need space in your own home to ensure your parent (or parents) feels welcomed and comfortable.

This may be even more important for millennials whose parents raided their retirement funds to pay for college. There are loans to pay for college, but those same loans don’t exist for retirement.

What you should know from your parents

This conversation is uncomfortable. Parents don’t want to talk about a time they’d be unable to feed themselves or handle their own bodily functions, and you don’t want to seem churlish or unloving by asking, “hey, am I going to have to take care of you in 20 years?”

There are certainly more tactful ways to open a dialogue with your parents and the conversation doesn’t need to all happen at once.

The goal should be to find out if your parents have:

  • Long-term care insurance: Policies vary, but long-term care insurance can help cover the costs of helping those with a chronic illness or disability that will need help ranging from daily activities like dressing and eating to more skilled care like physical therapy. This insurance has become exorbitantly expensive and may be cost-prohibitive for many families unless they purchased a policy early.
  • Retirement funds: Parents may be wary to share how much is in a 401(k) or IRA, but knowing if your parents are funding one is a good start. Your parents may also be fortunate enough to have a pension, which could mean steady income for the rest of their lives.
  • A paid-off home: A mortgage free home is a major asset not only to the balance sheet, but it also provides your parents with peace of mind. They have a place to live with no strings attached and selling the home to move in with you or to a retirement community can provide funds for other needs.
  • Debt: Learning if your parents have any lingering debt such as medical bills, student loan payments or credit card debt gives you some insight about whether or not they’ll be able to retire or financially stable if and when working is no longer an option.
  • An updated will: Make sure each parent is financially protected in the event of a death. For example, is your Mom set as the beneficiary on your Dad’s accounts and vice versa? Do both parents know all the login information to bank and brokerage accounts? Having a recent will in place is an important financial practice during all stages of life and can help simplify necessary actions during times of grief.

How this can impact your future plans

Unexpected expenses can destroy the best-laid budgets and drain emergency funds. Taking care of a parent could have the same financial consequences as having a child, which is why it’s best to understand early if your parents will be relying on you in 10, 20, 30 years. Just like couples that save up before trying to start a family, you can begin investing and saving with the idea of putting the money aside to help your parents. This simple practice can help keep both of you out of debt.

Should your parents be open to having this conversation it’s wise of you to ensure the sibling taking primary responsibility will have power of attorney. This will enable medical and financial decisions to be made on behalf of the parent if he or she is incapacitated. It can also protect your parents’ financial affairs so you have access to their funds and can ensure the money is being used properly. Poor financial choices can be an early indicator of Alzheimer’s, so power of attorney could allow for you to protect a parent from him or herself.

Your parents might have been saving for retirement since long before you were born. Maybe their retirement accounts funded your college education. Regardless, it’s important to be open and honest about expectations in the future. If you’re unwilling, or unable, to take in a parent, then you should consider saving to help subsidized the cost of a retirement community. If your parents are financially fit for retirement, then you should ponder how you could provide emotional support.

It isn’t just about the bottom line

Yes, you should absolutely consider the financial implications of being your parents’ retirement plan. Not only can you start planning early, but it also offsets the chance of being blindsided when a parent becomes unable to care for himself. But ultimately, it’s about more than just money. It’s about providing the best, possible life for the people that raised you. Being kind, understanding, available and emotionally supportive cannot be translated into dollars and cents.
[Originally printed on Forbes]

Let’s keep this good time rolling. Go learn about building and understanding your credit score with this post I wrote on Haven. 

Image taken from Pexels.

Posted in Relationships Tagged with: , ,

What Financial Health Means to Me

Three things about me became clear before I turned 10:

  1. Delayed gratification is an innate part of my wiring. Unearthed by my mother when she tried testing my toddler self using the old marshmallow trick and I patiently waited for her to return so I could receive two marshmallows.
  2. I’m a control freak. Call it Type-A, bossy or whatever else you like – but even as a small kid I wanted to be the leader, have all the answers and be empowered to make my own decisions.
  3. Powerful women intrigued me. Perhaps being a feminist is nature and not just nurture because I started following successful women as soon as I could consume content. From adoring Pocahontas (who notably didn’t need to end her movie with getting married) to idolizing woman saints like Joan of Arc to woman pirates like Anne Bonny and then literary and political movers-and-shakers like Emily Bronte and, of course, Queen Elizabeth II.

woman_in_woodsMix a control freak with the desire to delay gratification plus a need to be independent and you get a woman obsessed with saving money to fund my own financial freedom (no interest in an Mrs. degree here!). Sprinkle this mix with regular doses of education from two financially literate and savvy parents – and you’ve got yourself the recipe for financial health from the moment money first entered my hands.

To my 27-year-old self, financial health means the luxury to never spend a day of my life fretting over how to pay down debt, how to cover my bills, how to save for an emergency fund and how to prepare for the future.

But before I completely lose you in a self-indulgent narrative, let me say financial health also means privilege.

It’s a privilege that I’ve been able to avoid the stress of debt because my parents were financially successful, handled their money well and taught me to do the same.

It’s a privilege to grow up in a home where money never carried the stigma of being taboo and routinely got discussed over the dinner table, in the car and during vacations (and keep in mind the women out numbered the men 3:1).

It’s a privilege to know I can take bigger risks in my career, in my business, in my life because if all if it fails tomorrow – my family has the means to temporarily support me.

It’s a privilege to know my parents are financially secure and I don’t need to account for their future care into my own financial plan.

It’s a privilege to have been raised to appreciate, understand and appropriately deal with money, because many people never get the chance to be financially healthy without first making painful, costly mistakes.

Financial health is a privilege that should be afforded to everyone – and it starts with being willing to have the conversation while also recognizing our own background and bias. Hopefully, this little corner of the Internet can be a catalyst for change.

Image from Pexels 


Posted in Financial Literacy Tagged with:

Building Credit History: an Insurance Policy on Your Financial Life

Sponsored by Capital One

“You should get a credit card,” my Dad told me as I headed off for my freshman year of college. Many personal finance gurus and rookies alike may gasp in horror over my Dad’s suggestion, but his rationale was sound. A credit card, he explained, would help me develop credit history, which provided the foundation for my credit score.

Frankly, none of that really made any sense to my 18-year-old self who just wanted to enter the world of sheltered adulthood in college. I wasn’t entirely sure what a credit score was nor why it mattered, but I got my first credit card and followed my Dad’s recommendation to just make one small charge each month and pay it off in full. I would buy a tank of gas for my car and then pay the bill off without a second thought.

Four years later, I realized it was some of the best financial advice my Dad ever gave me as I scoured the streets of New York City looking for an apartment. Four years of diligently making a small purchase and paying off my credit card helped me earn a 720 credit score, which in turn made my life much easier.

But first, let’s talk about what exactly is a credit report and credit score.

Decoding your report card for adulthood 

A credit report and the score it helps generate is more-or-less your report card for adulthood. The credit report keeps track of how you interact with credit, which includes primarily: credit cards, auto loans, student loans, mortgages and personal loans. Your credit report also tracks other important information, like if you don’t pay your cell phone bill and your carrier makes a collections agency keep calling you demanding payment.

This information is reported mainly to three major credit bureaus: Experian, TransUnion and Equifax. Your lenders aren’t always required to report to all three credit bureaus, so the same information may not appear on all of your credit reports.

The information on your credit report is used in turn to determine your credit score. There are hundreds of variations of credit scoring models, but you can more-or-less assume it’s on a scale from around 350 to 850. The higher your score, the more reliable you look to a potential lender. Your goal should be to have a credit score at least above 700.

Getting into the 700+ Club could help the rest of your life, financial and otherwise, fall into place more easily. A high score can offer financial benefits such as better pricing, lower interest rates, better rewards – and in general, is a number you want to have as high as possible. Plus – it’s never been easier to check your score with free tools like CreditWise® from Capital One.

Who cares about my credit score anyway?

It isn’t just potential lenders using your credit report and/or credit score to evaluate your reliability, but also other key people in your life like landlords and even employers.

My 720 credit score out of college simplified my first grownup apartment search by making me an appealing candidate to landlords. That number and my credit report represented four years of on-time payments, which indicated I’d probably pay my rent checks on-time. A low credit score could’ve trapped me into a less than favorable living situation.

Did you know employers may also pull your credit report during the hiring process? If not, you’re not the only one. According to the Capital One Platinum MasterCard Credit Confidence Survey, only 22% of millennials recognize that having poor credit could put the brakes on landing their ideal position. This is just another reason why college students or recent graduates should be proactive about establishing a credit history. It could help you in your first job hunt.

How can I build a healthy credit history?

Building and maintaining a healthy credit history and credit score is not only easier than you may think, but it can also be done at no extra cost to you.

One way to build your credit is to get a credit card with no annual fee and make a few regular charges a month. Then, once your bill comes in, pay it off on time and in full. You should try to never carry a balance on your credit card month-to-month. The practice will help you avoid paying interest.

A card like the Capital One Platinum MasterCard can help establish your credit history without the fees. Not only that, but you also get access to tools that help you improve your credit, such as helpful alerts for payment due dates and a free credit score monitoring tool called CreditWise – which is also available to everyone, even people who don’t have a Capital One product. One of my favorite features of CreditWise is the simulator – you can see how certain actions (like paying on time for two years or paying down your credit card debt) might impact your score.

You may hear that you need more than a credit card and that it’s a good idea to get an auto loan or a personal loan for the purpose of building credit. Honestly in my experience, this isn’t a necessity. I’ve gotten into the high 700s by just utilizing credit cards for nearly a decade. If you’re dealing with student loans, then always making on-time monthly payments will also help build and maintain a healthy credit history and score. Coupling your student loan repayment journey with proper credit card use can put and keep you in the 700+ Club in no time.

What if I don’t plan on borrowing money?

As a rare millennial that’s been able to avoid borrowing money thus far in life, I understand the urge to keep from borrowing money at all costs in the future. But that doesn’t mean I think it’s a good idea to be without a high credit score – especially when it can be simple (and free) to build. A healthy credit history is like having insurance on your financial life. I might not want to take out a loan, but it’s reassuring to know I have access to top-notch offers from reputable companies with low interest rates if I do have to take out a loan.

Building and protecting your credit history and score could give you access to the best financial products on the market. I’ve never paid a penny in interest on a credit card, so I consider this a free insurance policy on my financial life.

Disclosure: I was compensated for this post for Capital One, but opinions and advice are my own. However, there are no affiliate links in this blog post. I will not receive payment if you sign up for any products mentioned in this article.

Photo credit: Startup Stock Photos

Posted in Credit, Credit Cards, Millennials Tagged with:

The Checklist for Getting Financially Naked with Your Partner

IMG_4226On Wednesday, I had the pleasure of speaking at pit stop #2 on Jason Vitug’s Road to Financial Wellness tour. Being one to relish an opportunity to broach slightly taboo topics with a room full of strangers, I deviated from all the typical personal finance topics and decided to address how to get financially naked with your partner.

When I announced this topic on Facebook and Twitter, I had a few requests to share the presentation. It was filmed, so hopefully I can get access to the full version, but in the meantime, here is an annotated version of select slides from my talk. I’ve shared my own story of getting financially naked with Peach before as well as how we financially handled our long-distance relationship, but I’ve never drafted up a how-to list.

The topics below can serve as a guide for you to walk through your own process of getting financially naked with your partner.

Before you engage in this conversation, I suggest you move tactfully and be willing to spread it out over the course of several discussions. 

Step 1: Picking the Right Time

I’d love if everyone brought a copy of their credit reports on first dates and laid out their entire financial pictures, but, that’s about as likely to happen as Donald J. Trump becoming an honorable human being. In the meantime, I’ll accept people deciding to get financially naked around the time they realize, “oh — this could seriously be the person with whom I decided to spend the rest of my life and thus legally link myself to.”

When that time comes you should ask the questions below.

Screen Shot 2016-06-09 at 10.53.27 PM

Some folks may balk at the mention of sharing credit scores and even credit reports. I’m not advocating that you ditch your honey if he or she has a lackluster score, but it should be a point of conversation. A low credit score is often a reflection of how clean someone keeps his or her financial house. Are bills being paid on time and credit cards being used carefully or are items going to collections and cards being maxed out? Having a dirty financial house with no effort to clean it up, or, at the very least, refusing to hire a cleaning person to help you rectify the situation, is a going to be a serious long-term problem.

Step 2: How are You Going to Handle the Debt?

Are you planning to work as a team to handle your financial issues or are you both focusing on your individual debts after marriage? Listen, I get that personal finance is personal and each couple should do their own thing — but — the team mindset can really help remove some of the tension as well as help pay down the debt faster.

When you’re in a situation, like I am, when one person is debt free (me) and one person is bringing debt into a relationship (Peach’s student loans), there can be an ownership mentality.

The first time Peach and I got financially naked he immediately requested ownership over his debts. He told me that these were his student loans and he’d be handling the repayment. I said, “Sure, for now. But once we get married that debt impacts my life too. Why wouldn’t I help you in order to pay it off as quickly as possible?”

After many back-and-forth conversations on this topic, we eventually settled on a plan that worked for us. You and your loved should take the time to develop a strategy for your specific situation and set reasonable expectations for when the debt can be eliminated.

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Step 3: Implement the Strategy

This is still in the hypothetical stages for my relationship. Peach and I are not legally yoked to one another, so no one has pronounced us in debt yet. (The pun was just too there for the taking not to write it down). For now, this is our plan.

Screen Shot 2016-06-09 at 10.53.05 PM

Lots of things may change between now and then, so our strategy may need to pivot, but it gives both of us a sense of empowerment and calm to know we can effectively communicate about this often sensitive topic. It also opens up the door to talk about other items on the getting financially naked checklist, like our short, medium and long-term money goals as well as what our visions of the future look like and the money required to reach those dreams. Getting financially naked isn’t a one time practice. It’s a conversation that should be revisited on a semi-regular basis. But, for your first-time, be gentle and take a stab at addressing some of the topics below.

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Posted in Financial Literacy, Millennials, Relationships

Is it Your Debt and My Debt or Our Debt?

Our DebtBeing relatively transparent about the financial state of a romantic relationship certainly isn’t the norm for most people. It is, however, the norm that Peach and I choose to live. While I don’t go spouting off his exact debt load, we’ve been vocal about the fact that I’ve lived a delightfully debt free life and he’s saddled with student loans. The fact that I’ve fallen in love with a man who comes with the baggage of debt means we’ve spoken ad nauseum about our strategy for handling money post-nuptials.

Before people get excited, no, we are not engaged, we just talk about this stuff openly, honestly, and probably a little too often.

I’ve written about getting financially naked before and routinely spout off about my opinion that couples should work jointly in handling money and share their ledgers before marriage. However, there’s something about hearing me talk about it and allowing Peach to vocalize his opinion himself instead of through the lens of my writing that seems to have struck some folks, including my mother. But first, let me back up.

Peach and I ventured into the depths of Brooklyn last week to record an episode for one of my favorite podcasts, The Paper Year. It’s not a money podcast (because I do actually consume non-personal finance content). The Paper Year is chronicling the hosts’ first year of marriage. Each episode, the hosts Evan and Caitlin talk to a different couple in various states of matrimony, or in one case divorce, and the often 1.5 hour long conversation is a deep dive into the couple’s backstory and strategies for relationship success.

After binging the first seven episodes, I expressed my enthusiasm for listening to complete strangers talk about their love lives on Twitter.

Screen Shot 2016-06-02 at 4.50.01 PM

This little interaction ultimately turned into an invite to be on the show. I was quick to offer a disclaimer that Peach and I aren’t actually married, but luckily, Evan and Caitlin decided not to discriminate against us singles.

Peach, who has always wanted to be a shock jock, leapt at the opportunity to do a podcast and finally get to defend his stance on finances in person! I jest – sort of.

The episode went live on Monday, so it’s been fun to hear people’s reactions to learning more about our relationship with each other and our individual relationships with money.

I spoke to my mom on the phone after she finished listening and she noted that she’d never really heard anyone speak about debt in the way we do. I feel strongly that it’s not a “yours or mine” situation but an “our” relationship with debt after marriage. Once those legal documents are signed, we’re in this thing together!

the paper year Instead of further explaining my stance, I offer you a transcript of the conversation which includes Peach’s feelings on the matter. I highly encourage you to listen to the full episode, but if you just want to hear what Peach and I sound like whilst speaking about our debt plan, then skip ahead to minute 59 when this all starts.

Editor note: I did make this a little easier to read so some sections aren’t exactly word-for-word because I cut out the space fillers or added names instead of pronouns. 

Evan (the host): “I had massive credit card debt. I had quite a bit. I told Caitlin, I don’t want to combine our finances until I pay that down.”

Caitlin: “They’re [Peach and I] sharing really cute looks right now as if you’re telling a romantic story. I love that this is romance for you guys.”

Evan: “I wanted to keep our finances separate, so that I could pay the money so that it wasn’t Caitlin’s debt that she had to pay, because that just felt kind of unfair.”

Peach: “We’ve spoken about this in depth. You know, when we do get married it theoretically becomes our debt.”

Me: “It does become our debt.”

Peach: “Even though it’s my student loan debt and she’s very comfortable with maybe one person’s salary going towards living expenses and with the other one we just try to destroy the debt as quickly as we can. And it’s nice because I don’t feel like it’s her just trying to do it for me. The conversations and the way that we talk about it is a we’re going to do it together and we’re going to figure this out as a team.”

Me: “Well, he started where you [Evan] are. When we first talked about this, maybe about three years ago I want to say, it was a ‘this is my debt, I’ll deal with it.’ And I said, ‘okay for now that’s fine, but when we’re married it’s not your debt it’s our debt because that debt impacts my life. Like if we’re getting a mortgage, anything like that, the debt comes into play. So if I’m making enough that I can support us as a couple and our day-to-day living expenses and some of your money goes to savings and the rest goes to debt and we can eliminate that in like a year or two, why wouldn’t we do that? Because then it’s just done. And we can also hit next phases faster if we’re working as a team and combining our income.’ It did take a while for you [Peach] to come around to that idea because you felt ownership.”

Peach: “Yeah.”

Me: “You felt like, this is yours I don’t want to burden you. This shouldn’t be an albatross in our relationship.”


The conversation continues, but alas, I got tired of transcribing so you can finish it out by listening to the podcast episode. Some of the highest praise I received was from my mom about how she really appreciated our joint mentality on how to handle our finances in the future, after all, money is a common source of tension in a marriage. We may not always see eye-to-eye on how to spend our money (*cough* comic books *cough*), but at least we’re open about the communication factor.

In case you were wondering, Peach officially went public with this episode. The reason for his nickname is that his last name is pronounced “Peachy”. I also do call him Peach in real life, as you’ll hear on the podcast.

And if this isn’t enough of bringing us to life off the page, I’ve recently upped my Snapchat game by making it public to all (ugh — no more drunk snapping)! Get daily #moneynerd tips and the occasional “Peach’s Point” by following me at eklowry.


Posted in Dating, Debt Tagged with: ,

27 Things I Learned About Money by 27

I turned 27 last week, or as my young sister likes to say, I’m three years away from 30. A lot has changed since I started Broke Millennial as a 23-year-old woman not even two years into my post-college life in New York City. My relationship with money has evolved. My knowledge has certainly sky rocketed. Peach and I finally live near each other – which brings a whole different set of money conversations to light! I started to read back through old posts and interviews as well as reflect on the direction I’d like to see both my career and financial life go in the next few years before 30. Hey, it’s my next significant milestone age. In this reflection I’ve come up with 27 things I’ve learned about money by the time I turned 27.

  1. How I value my time: Some of the things I used to do to pinch a penny seemed like the storyline of TLC show (hello freezing water bottles to put in my bed during the summer months). Sure, I still do some extreme frugal moves, but one thing that’s drastically changed is how I value my time. This sometimes has to do with convenience, like taking an Uber to the airport instead of the bus, and sometimes has to do with how much I charge for my work.
  1. Out-earning your partner when you’re serious, but not married, causes interesting financial challenges: Peach and I aren’t married, aren’t even living together, but the fact I have a positive net worth (he has student loans) and out-earn him sometimes causes interesting tension. It’s certainly made us talk through our money strategies and goals to an excessive degree – but that’s probably more credited towards my general love of personal finance. We have plans for how to handle money when we’re married, but what happens when you’re really serious but not legally yoked is a rarely spoken about topic.
  1. You’ll gravitate towards people with similar financial values: Maybe not in college and maybe not in your early twenties, but eventually you’ll start to see your circle of friends have eerily similar values to your own. Sometimes it’s seemingly silly differences like whether their club folks or dive bar aficionados and others it’s about whether they’ll accept “hey – want to just split a bottle of wine and chat instead of paying $15 for a single cocktail?” as a serious Friday night option. Or maybe that’s just getting older in general.
  1. Invest in yourself: Accumulating money to just sit pretty in investing or savings isn’t always the best option. Whether it’s picking up a new skill or using a big chunk of your savings to develop a short film that gets into TriBeCa (#shoutout to my sister) – investing in yourself is a risk worth taking. There are times I regret not taking a leap of faith and sticking to the traditional, safe path. Hopefully, I’ll feel confident taking my own advice at 27 (or at least by 30…).
  1. Dogs are expensive (and worth it): 26 was the year I made one of only two impulsive decisions in my lifetime and adopted Mosby. He came into my home as a slightly beat-up (probably 7-year-old) snuggly dog. I panicked immediately Mosby surgery after we got home and wondered how I could possible adjust my life around caring for another creature who solely depended on me. Now, I’m full-blown dog mama status (seriously, check out my Instagram). Mosby is insanely good for my mental and physical health – no backyard means lots of walks – but I do pay a price. He’s cost me $4,204.16 in almost a year thanks to an unexpected surgery, flying him with him on a few vacations, and my general over indulgences in buying him top-of-the-line food and treats.
  1. Opinions are a lot like… There are lots of colorful ways to end that sentence, so you can fill in the blank yourself! Everyone has an opinion with how money should be handled, spent, saved, invested or whether debt can be good or is never to be touched or if credit scores are imperative or Satan’s incarnation in the financial world. You need to develop your own opinion on financial matters. Yes, sometimes there is a right answer – like it’s important to be on the right side of compound interest. But sometimes it’s about finding what’s best for you and not just following the path of the latest financial trend.
  1. Personal finance is PERSONAL: Nothing like regularly sharing your opinions with a wide variety of audiences across multiple platforms to really reinforce how to put the personal in personal finance. I acknowledge that some of what works for me will not work for others, but just starting the conversation gets everyone moving in the right direction!
  1. For the love of God – set up your beneficiaries: It seriously takes minutes of your day to set up beneficiaries on your financial accounts. Your account might make it easy by prompting you to have a beneficiary under the account management tab or you may see the terms Payable on Death (PoD) for bank accounts or a ToD (Transfer on Death) for investments. Yes, your bank account should also have a PoD. This is just a kind way to save your family some serious angst if you meet your maker in an untimely way. I see it as an act of love. Otherwise, your money could end up in probate court! Even just a little money…
  1. It’s time to have a will: Yup, on a roll about death right now. Odd for a healthy 27-year-old woman, but hey, we’re all going to die. I realized earlier this year that it was time I ensure my money and special belongings ends up in the hands of my loved ones with no stress on their end. I also have stipulations in my will about where Mosby is to go and even have a special amount of money earmarked for his care. Plus, getting a basic will put together is simple and pretty cheap. P.S. Your beneficiaries do trump what you put in your will. So you might want to keep that in mind when you get married, have kids, etc.
  1. Everyone loves the term F@*k Off Fund (and should have one): This idea, while not exactly a new phenomenon, went viral in early 2016. While I’ve always be a saver, the concept of money specifically earmarked so I can walk away from a sticky situation is motivating. I don’t personally think of my F-Off fund as a separate account from my emergency savings fund, but the term is just way more fun. I should see if I can rename my savings account…
  1. Name your savings accounts: Speaking of naming savings accounts, do it! It’s my favorite simple trick to save money that isn’t automating. You’ll find yourself more likely to stick to a goal when you’re depositing money into your “EuroTrip” fund or your “Ditch this Job” account instead of “Savings Account”.
  1. Early retirement movement 101: I recently read an interview I did on another site a few years ago about the FI/RE movement as it was just gaining mass popularity. Woof, have my thoughts changed. While I still don’t think I’d feel financially secure with just a million dollars in the bank and a family to raise in my thirties or forties, I’m starting to better understand the financial independence/retire early movement. To me it’s more around lifestyle design ala Tim Ferriss and structuring your life to be able to work as you see fit and not feel the need to exchange your time for money in the traditional 9-to-5 sense. And wouldn’t we all love to be there ASAP?
  1. Sharing your net worth with friends is okay: Unlike other bloggers, I’m not open about my net worth on this site. 11401047_10152863018227411_7914065475825605415_nThere are a variety of reasons for this, but a big one had to do with not wanting people who actually know me (friends, co-workers, extended family) to have that much information about my financial picture. I didn’t want it to get thrown in my face that “yes, you can afford x,y,z” when I used, “eh, I don’t really want to spend money on this right now.” My values and other people’s values don’t always align, so it can frustrate folks when I’m unyielding about dumping money into something they find worthwhile. However, I did open up to a few people about my net worth recently because it felt like the right place and time. I also trusted these loved ones not to use the information as justification for trying to get me to do things in the future.
  1. Over-extending yourself is a budget buster: The biggest mistake I made at 26 was over-extending myself, a lot. This comes with both health and financial repercussions. A week into being 27 and things aren’t exactly going any better. It is a goal of mine this year to figure out when to say no and redirect some focus on self-care.
  1. You can’t fix (money) stupid – don’t be a 20-something idiot: Getting paid per clicks or just wanting to go viral is creating all sorts of obnoxious content. Some of my least favorites are the articles about money that help justify bad financial decisions in the name of YOLO/FOMO/insert any other dumb-dumb millennial acronym here. You don’t need to be blowing money to live a full life. Even in New York City! I know, I live here. Unfortunately, no amount of reasoning is going to fix stupid. It’ll probably take being 45 with no retirement savings and $40,000 in credit card debt to get the wake-up call that something needs to change. At which point, I’ll happily say, “told ya so!”
  1. Re-evaluate your budgeting style: I’m a fan of a budgeting style I affectionately call the “No Budget Budget”. It’s a bitIMG_3104 of a mash up between different well-known budgets with a tribute being paid to zero-sum budgeting without the focus on categories. I pay myself first (savings + retirement). Pay my bills. Then the remaining money can be spent as I see fit. This strategy has proved effective for me in the last few years, but it’s time to switch up my style. In my 27th year of life, I plan to give the zero sum budget it’s due diligence in an effort to double down even further on my savings goals and prepare for some next steps in my life.
  1. “Don’t let other people spend your money” is easier said than done: This probably got born out of the “Keeping up with the Jonses” era idioms – but sometimes other people are seriously going to spend your money. Looking at you attending weddings and the $15,000 price tag I believe is attached. Sure, I could say no – but I do genuinely want to attend many of the weddings to which I’m invited as well as stand up next to dear friends and family as they profess their love to their partners. Therefore, I save for other people’s weddings and know full well they’re really getting to spend my money…
  1. Have a long-term vision: Like most normal people, I hate the question “Where do you see yourself in X years.” Truthfully, I don’t really know. I have a couple hazy day dreams about where I’d like to see my life by 30, 35 or 40 – but I’m not sure what my #1 life goal really is. I save to be able to life without stress over paying my bills and to be able to take some nice trips, but mostly, I save just for the sake of saving. It’s important to start developing a long-term vision so there are actionable steps to start working towards. Not in a vision board sense, but in a lifestyle design and career building sense. It may mean needing to quit certain projects or pivot along the way, but it’s time to really focus in on what will make me feel fulfilled while also paying the bills.

    Lightening Round

  1. You can crack the coveted 800 credit score by just using credit cards as your only means of credit. You don’t have to have loans in order to build a good credit score. #humblebrag obviously.
  1. Lifestyle inflation is very real and very dangerous. Boost your savings as soon as that new paycheck hits the bank account.
  1. A cash diet is like eating clean (or juicing) for your finances and probably worth giving a try to make your bank account IMG_3167feel better.
  1. Never “give a loan” to a person with whom you are close. Give a gift with no strings attached. Awesome if he or she decides to repay you, but be prepared to never see that money again.
  1. Do a net worth check in at least once a month. It’s important for you to see how your investments are performing and if you’re really saving like you thought and (for those with debt) – how much progress you are or aren’t making.
  1. It’s important to talk to your parents about their financial situations, especially as they near retirement.
  1. Don’t offer people advice about their financial habits unless it’s solicited.
  1. Assuming life would be much different if you made X probably isn’t true. When I earned $37,500 a year, I believed NYC would be my playground if I made $80,000. I now earn more than $80,000 a year and I indulge ever so slightly more than when I occupied the $37,500 bracket, but mostly I just save more.
  1. Money can indeed bring you happiness – to a degree – but sometimes it’s important to stop fixating on dollars and cents so much.
Posted in Millennials, Random Tagged with: ,

$15,000: The Price Tag of Attending Other People’s Weddings

“Hey – guess who got engaged today,” Peach asked.

My stomach dropped. Our combined dance card felt dangerously full already with seven weddings populating our calendars from May to November.

“Who?” I choked out.

Peach smirked, clearly messing with me.

“Not nice,” I retorted, while wishing I could cradle my travel savings account and whisper in soothing tones, “I won’t totally deplete you.”

Lately, weddings seem to dominate both conversations and my bank account. The onslaught started about four years ago when I’d just hit 23. That’s not to say I’d been wedding free for the first 23 years of my life, but I didn’t have to pick up the tab as card-carrying member of the Bank of Mom and Dad.

Planning for the inevitable

weddingSuddenly, entering my mid-twenties ushered me into a phase of life in which everyone around me seemed ready to get legally yoked to another human being. I was also a big girl with big girl paychecks – not to be confused with big paychecks -who no longer had an active account at the Bank of Mom and Dad.

After a year of five wedding invitations, and no end in sight, I decided it was time to stop trying to squeeze variable line item into my budget and instead give “Other People’s Weddings” its own savings account. It’s part of the reason I routinely joke that I’m saving for a wedding, just not my own.

Previously, the “Other People’s Weddings” fund served as my travel savings account, but considering most of my vacation had been co-opted by true love, the logic followed to just transition the account too.

The account gets funded by 25% of each freelance paycheck I earn. To clarify, that means I’m exclusively using side hustle money to pay for travel and focus my daytime job salary on other financial goals. Part of the reason I freelance is to subsidize non-essentials (in the sense of survival) like travel. I aim to have $2,000 to $4,000 available at any given time (depending on how many flights, hotels, presents and bachelorette parties I’ve recently attended).

On a few occasions, Peach and I have leveraged a wedding destination into a longer vacation. When my best friend got married in Dallas, Peach and I rented a car and road tripped with another friend to Austin the day after the wedding.

Always hitting the road and trying to be frugal

10301127_10152193203876137_4265397374233023556_nUnfortunately, no one seems to want to get married in New York City. Probably because the average cost of a wedding here is something insane like $70,000! So, that means I’m hitting the road for each of these invites and paying for accommodation.

Then I have to factor in the presents. The average present costs me about $75. To let you in on a little secret, I wait until holiday sales to shop registries because pretty much everyone registers at Macy’s. Macy’s loves to do sales for every federal holiday (President’s Day bonaPeach&Erinnza folks!). These sales often extend to registries. My biggest gift buying success thus far was $220 worth of gifts for $112 including shipping and taxes, which Peach and I split.

Let’s not forget about the outfit. A woman once said to me, “Facebook makes it so hard to re-wear outfits to weddings now.” I can safely say I do not care. A quick scroll through my photos on Facebook shows that I wear the same handful of dresses to everything, unless I’m a bridesmaid. Outfits for a wedding is an easy area to pinch some pennies. It can even be simple if you’re a bridesmaid by trying to buy the dress on consignment or via eBay, especially if it’s an on-trend selection.

The cost of coupling up

1974286_10152510929126137_6830303270171410366_oYou may be scoffing at my headline number of $15,000. I know – it sounds insane. Probably somewhere in the ballpark of what you’d want to spend on your own wedding. You alone may not tip the scales at $15,000 – but let’s consider that you’re likely to couple up either temporarily or permanently at some point during the peak of wedding invites. Your partner is going to have weddings to attend too, which means you need to fork over more money to travel and possibly for people you barely know.

You may decide to split up for wedding season – not break up, but just not go together. Peach and I have debated this on a few weddings; however, many of our weddings this year are family and mutual friends.

Here’s my thought process on cost:

These estimates are based off the personal experiences of a frugal person instead of national averages and surveys.

  • Attending the average wedding is probably going to cost you around $600 for travel + hotel + gift + miscellaneous things like needing to feed yourself.
  • You’ll probably be invited to at least 12 weddings during your mid-twenties to late-thirties due to a mix of high school friends, college friends, work friends, family and even second marriages. This gets you to $7,200.
  • Then odds are you’ll be invited to a few bridal showers and bachelorette/bachelor parties, so let’s toss in another $2,000 because you know you’ll need to travel.
  • Not to mention, you’re going to be a bridesmaid or groomsmen in probably a minimum of two weddings, especially if you have a sibling and your spouse (or future spouse) has a sibling of the same gender as you. That likely adds another $2,000 on top of the existing cost factored in earlier.
  • Now we’re at $11,200.
  • Your partner (existing or future) will be getting invited to weddings – so another $3,800 isn’t a crazy amount to anticipate in additional weddings.

Running my numbers

family wedding

Family photo: we’re actually missing a few

When I shared this $15,000 estimation with a friend of mine, she was quick to point out that I have a massive family. Both of my parents come from large Irish-Catholic families, so I have 31 first cousins before factoring in cousins by marriage. I’m towards the end of the pack in terms of birth order; so many of my cousins had tied the knot well before I became financially independent (thank, God!). Eight of the 18 weddings outlined below were (or are) family – so family doesn’t exclusively skew my estimates.



2012, age 23: Two* (approximate cost: $600)

Locations: North Carolina and Maine

2013, age 24: Two (approximate cost: $500)

Locations: Virginia and North Carolina

2014, age 25: Five invites, four attended* (approximate cost: $1,800)

Locations: Virginia, Texas, Upstate NY, Massachusetts and Maine

2015, age 26: Two* (approximate cost: $850)

Locations: Both Western New York

2016, age 27: Seven* (estimated: $3,100)

This is the first year I’m actually tracking every penny spent to get an accurate total.

Locations: Pennsylvania, Upstate NY (4), Vermont, North Carolina

Approximate Total: $6,850 — And I easily have another four to five years to go before exiting peak marrying years of my friends and remaining single cousins. 

* – include being a bridesmaid in at least one
Note: Some of these numbers are low because they were family weddings and my parents were kind enough to cover the costs of accommodations.

Just say no (sometimes) 

Screen Shot 2014-08-21 at 7.05.13 PMTotally horrified by the wedding apocalypse I’ve just laid before you? There’s a simple way to avoid paying the cost of a car for other people’s weddings. Just say no. Not always of course, but there will likely be some invitations to which it wouldn’t pain you to pass along some kind regrets. For the cripplingly polite, send a small present along with your well wishes.

Posted in Budgeting, Millennials, Relationships, Saving money
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