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READER MAIL: Hoppin’ Mad in Minnesota

05.04.15 By: Laura aka Mrs. Nickels

Occasionally one of my articles gets picked up by a major media outlet. My daily page views will spike to 15,000, I get some awesome new readers and everyone is happy. No, actually, let me take that back. One guy wasn’t happy. At all.

Canada’s national newspaper, the Globe and Mail, picked up my post “Your Starbucks Habit Is Not Why You’re Broke”.   I received this email a few days after it posted.  Maybe it’s just me, but I think I hit a n-e-r-v-e.

“Dear Mrs. Nickels / AKA Laura,

Put this in your pipe and smoke it.  $5.09 at Starbucks PER my wifes 4 PER DAY/& 7 DAYS PER WEEK for the past FU@#ING 9 YEARS.  That’s $66,882.60 ($20.36 per day/ $142.52 per week/ $570.08 per month/$6,840 per year) over the past 9 years!!

So don’t be so biased in your article here. Our cars are paid for….. BY ME, I don’t drink alcohol, and I don’t indulge in Bull$h!t either. We have NEVER had a vacation, we don’t go out to eat.  We have 4 children and a home to pay for.

On top of it all, guess what…….. I am the only income in this family. Take you article and stick it where the sun don’t shine.”

Brad S. –  Minnesota

Oh, where do I begin with this guy? No, seriously. Not sure where to start with this one. (I’ve decided to overlook the spelling and math errors for now.)

I don’t know about you, but my BS meter started flappin off the charts about 15 words in. Maybe his wife goes to Starbucks twice a day (crazy, but somewhat believable), maybe even three times a day (now we’re stretching the bounds of reality), but…4 TIMES A DAY, EVERY SINGLE DAY OF THE YEAR?!?

Sorry, dude. That’s just plain silly.

Maybe he subscribes to the belief that if he exaggerates enough, I’ll just cave and believe him.
But let’s get back to the tall tale by Captain Exaggeration…

“We have never had a vacation, and we don’t go out to eat.”

Again, are you kidding me? Are you trying to convince me that if I took a look at your banking statement for the past 9 years, I wouldn’t see a single meal out? No burger joints, chinese food, sandwich shops…anything? Even my uber-frugal friends still manage to eat out at least a handful of times a year.

There’s my dang BS meter going off again.

I think his goal with all of the inflammatory words was to get me worked up. And it’s true that after I read his email, I cried. Tears from gut-busting laughter.

I get it; he’s frustrated at his wife’s Starbucks habit.  But Brad, if you’re going to yell at me, at least stick to the facts.  I’ll pretend that I believe you for the sake of argument. $500 a month at Starbucks is pretty hard-core, but I still don’t believe it’s why you’re broke.

You poor soul, you missed the whole point. Should anyone be spending $500 a month on Starbucks if they’re in debt or have no savings?  Of course not.  But I don’t think Starbucks is the real problem.  It’s a symptom, but not the problem.

So here is my response to Captain Exaggeration:

Dear Brad aka Captain E,

First, thanks for the kind offer to stuff my pipe, but I don’t smoke.

A $500/month Starbucks habit is pretty crazy. But frankly, it’s not my place to judge where somebody spends their money, if that’s what makes them happy. My only caveat is that all other financial priorities must come first.

  • Downsize your house. We have four kids, and downsized from 2,600 square feet to 980 square feet with one bathroom. Don’t regret it for a moment. Toughen up.
  • Drive reasonable vehicles. Your cars are paid for? Great! Are any of them worth more than $10,000? Sell it and buy something else. Put the cash difference towards debt or savings.
  • Eat out less. Oh wait, you’ve obviously got that one down already. You already told me that you never eat out. * pause for effect *

The truth is, your wife is probably going to Starbucks to escape, not because she truly enjoys the experience. If money wasn’t such a stressful issue, she wouldn’t spend as frivolously to begin with. So reverse engineer that bad boy. Stop spending so much on housing and transportation, and start taking care of your financial priorities (paying off debt, emergency fund, saving for retirement).

Once you’re doing better financially, her need to escape to Starbucks will probably dwindle down to a more reasonable frequency. (Mr. Nickels suggests some marriage counseling as well. You and your wife need to get on the same page when it comes to spending and money.)

But even if I’m wrong, and the Starbucks habit lingers, at least your financial house will be in order.

P.S.  I’ll try sticking my post where the sun don’t shine, but here in sunny California that’s a tall order.

Sincerely,
Laura aka Mrs. Nickels

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The Graham Cracker Effect

07.15.14 By: Laura aka Mrs. Nickels

graham-crackersIf you’re anything like me, the more you have your grubby hands all over your money, the more likely that money will find it’s way to Amazon.com or BestBuy or Target.  So the goal should be to stop “touching” it so darn much, and activate a sort of financial cruise control, if you will.

When we started really putting our savings into overdrive (yes, I’m trying to use as many car metaphors as I can in this post), we started out with a whole lot of manual transferring and moving (there I go again).  Payday would come and I would see that big juicy number in our account.  But in the back of my mind, I knew that number was about to get much smaller.  I still had to transfer to all of our different investment accounts.

No matter how motivated you are to put money away, there’s still something psychologically unnerving about entering a large dollar amount and then pressing “TRANSFER”.  In the early debt-free days, as we learned how to start saving our money, I fully admit it wasn’t always easy pressing that “TRANSFER” button.

“Yowzers, that’s a chunk of money.  I could have totally purchased two flights to Hawaii with that money.  Or a new convertible top for my car.  Or built a new patio cover for the back porch.”  Or I could…Or I could…Hrmph.

That’s when I finally realized that I needed to get everything AUTOMATED.  A hands-free, no-touch, never-saw-it-in-the-first-place kind of setup.  So that’s what we did.  And yes, it was a little bit scary.  We decided to start by directing a portion of our paychecks towards maxing out our 401k ($17,500 x 2) and Roth IRA ($5,500 x 2) contributions, and see how that felt.  But with just that first step, we knew it meant we were putting away $46,000 a year that we previously weren’t saving, so we felt pretty bad@$$ with just that alone.  We got everything set up, filled out various HR forms online and pressed “SUBMIT”.

Then…I started worrying.

“Are we going too far, too fast?”

“Are we going to feel broke all the time?”

But that first pay period passed, and as unbelievable as it sounds, we really didn’t miss it.  Yes, our final net pay was much lower. Of course. But like with many other things, you work with what you’ve got, you spend what you have.  In fact, I like to call it the graham cracker effect*.

 

* Mr.Nickels l-o-v-e-s him some graham crackers.  I used to buy a box of graham crackers on random occasion, and he would eat them at a rather normal pace.  The box would be gone in about a week and a half.  Then we started shopping at Costco. I found the exact same graham crackers in a 4-box package, for slightly less money than I was spending on the singles I was buying at our local grocery store.  So I plopped them in my cart.  Now, standard logic would tell you that if 1 box lasted approximately 1.5 weeks, then 4 boxes should last roughly 6 weeks.  But that’s not what happened.

grahamlarge

This is two weeks worth of graham crackers at our house…ok, I’m exaggerating. A little.

 

Apparently, the consumption rate of graham crackers increases in direct proportion to their current availability in the pantry.  In other words, the more we have, the more he eats.  We ran out of ALL 4 boxes of graham crackers in just 3 weeks.

 

My point is that many of us have a tendency to spend what we have, whether it’s a big amount or a small amount.  If you give yourself $500 to spend for the month, you’ll find a way to spend it.  If you give yourself $1,000 to spend, you’d find a way to spend that in a month as well.  So it’s time to push yourself.  If you currently don’t contribute to a 401k/403b/457/TSP/IRA, start.  Begin with a percentage you think you can handle, or if you get a company match on your 401k (my company matches the first 6%, for example), that should be your minimum.  Then sit back and see if you miss it.  I can almost guarantee you won’t.

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Moment of the Week: A Case of Mistaken Identity

05.09.14 By: Laura aka Mrs. Nickels

DisguiseEvery so often I like to look back on my week and see what things I accomplished, things I didn’t accomplish, humorous things that happened, etc.  So this is another “moment of the week”, a sort of brain-dump if you will, of things I think are worth sharing.  You’re welcome.

 

Normally my bagel Friday is rather uneventful.  I head to the Panera Bakery-Cafe near my house, and grab a coffee with a whole-grain bagel, toasted, topped with Reduced-Fat Blueberry Cream Cheese.  I find a quiet table and relax for a few moments, eating and checking my email.

But today was different.  I walk into Panera, and get in line.  As I wait, I start scanning the restaurant, reviewing the seating possibilities.  As my gaze starts to pull back, I realize this older gentleman sitting at a table is smiling at me.  I recognize him.  It’s a family friend, Chuck, that I’ve known since I was a kid.  I smile back and wave.

Eventually I get to the front of the line, place my order, and head to the coffee station.  As I’m getting my coffee just the way I like it (black, with a sprinkle of cinnamon and a splash of half-and-half, in case you’re wondering), I see Chuck smiling at me again, so I smile back, and give him a finger (not THAT finger) saying I’ll be over in a second.  He nods.  My pager buzzes, telling me my bagel is ready.  I go to the counter, grab the plate and head over to talk to Chuck.

As I get increasingly closer to his table, he starts grinning, and then I realize something.

IT’S. NOT. CHUCK. 

It’s a complete stranger.  I stood there at his table, holding my bagel, in painful silence.

Eventually some awkward conversation ensued.

 

Pseudo-Chuck: “Good morning.”

Me: “Good morning.”  [insert uncomfortable laugh]

Pseudo-Chuck: “Whatcha got there?”

Me: [another umcomfortable laugh] “Oh, just a bagel.”

Pseudo-Chuck: “Looks good.”

Me: “Yup. So, um, okay…I’m going to get started on my bagel then.  It’s really callin’ my name, so…” [yet another uncomfortable laugh]

Pseudo-Chuck: “Oh.  Okay.”

 

It was P-A-I-N-F-U-L.

(Side note:  I’ve done something similar only one other time that I can remember, years ago at my office.  I was heading down a long, narrow hallway towards the restroom when I saw a co-worker I knew coming towards me, at the other end.  I yelled out, “I DON’T THINK I’M GOING TO MAKE IT TO THE TOILET IN TIME!!!”, referencing an inside joke we had.  I didn’t get a response.  Turns out, as we got closer, it wasn’t my co-worker.  We passed each other in silence.  He’s probably still wondering, to this day, why I loudly announced my need to use the restroom.  Once again, awkward.)

 

Anyway, back to my story…

The conversation ended.  Pseudo-Chuck looked around, I looked around.  Doo-dee-doo.  As I shuffled away and found a table in the far, far back, one thing kept repeating in my head:  “Must. Wear. Glasses.”

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(Funny) Moment of the Week: An Awkward Conversation

04.05.14 By: Laura aka Mrs. Nickels

awkwardconvoI’ve figured something out the last week or so.   While this was created as a “personal finance” blog, and that angle is very satisfying, on occasion I think I’d like to look back on my week and see what things I accomplished, things I didn’t accomplish, humorous things that happened, etc.  So this is the first of many “moments of the week”, a sort of brain-dump if you will, of things I think are worth sharing.

One such humorous little gem occurred the other day, and it still makes me laugh, so I’m sharing it here.

It all started when I got an email.  The company that hosts my website, BlueHost, contacted me requesting to confirm some things about my new account.

So I called them up, and a nice gentleman answered the phone.

 

Nice Guy: “Thanks for calling BlueHost, this is Scott*. What can I do for you today?”

Me: “Hi, I received an email requesting I call you to confirm my new website.”

Nice Guy: “Ok, great. What is the web address of your site?”

Me: “Sure. It’s www.myshinynickels.com.”

Nice Guy: “Hmmm. It’s not coming up. Is this an adult site?”

Me: “Um, no……it’s just a personal blog.”

Nice Guy: “Hmmm. Ok. Let me repeat it back to you. w-w-w-dot-m-y-s-h-i-n-y-n-i-p-p-l-e-s-dot-com.”

[long pause………….]

Me: “Um, did you just spell myshinyNIPPLES.com? It’s supposed to be NICKELS, like the coin.”

[Another awkward, painfully long pause]

Nice Guy: “Ohhhhhhhhh ok, that makes more sense. Yup, here you are.  Sorry ’bout that.”

 

Then I pressed MUTE, and laughed. Hysterically.  Like in a crying-so-hard-I-can’t-see-because-my-tears-are-clouding-my-vision kind of way.   I managed to un-mute just long enough to squeak out ‘yes’ and ‘no’ answers for the rest of the phone call, in between fits of laughter.  Then, finally, it was over.

Poor Scott, I’m sure that was far more awkward for him than it was for me.  And I’m 99% sure that he went home that night and told his [girlfriend/wife/mom] about it.

People often wonder what their purpose in life is.  Why they were put on this planet.  I’m starting to believe that my sole purpose in existing is to provide humor by way of awkward moments.  You’re welcome, Scott.  You’re welcome.

 

* Name has been changed

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Throwback Thursday: (One of) The Most Embarrassing Stories of My Life

03.06.14 By: Laura aka Mrs. Nickels

(NOTE: If you’re looking for my personal finance blog, don’t be alarmed. You’re at the right place.  But occasionally I think it’s important to set the debt and finance stuff aside so that you may have a bit of fun at my expense…by enjoying an embarrassing-but-true story from my childhood.  You’re welcome.)

Yes, that’s me. Circa 1984. Mentally do some age-progression by adding some sky-high curled bangs and lip gloss to visualize me in 6th Grade.

6th grade is a time of growth; you’re at the top of the elementary school food chain, but you’re still a little green, still a little naïve. You’re beginning to feel a bit “grown up”, and well, mature.  Looking back on my own 6th grade year, I was a gifted student, and quite book smart.  Spelling was, by far, my strongest subject.

But even with book smarts, I sometimes lacked common sense.  (Like the time I accidentally popped the button off my jeans while getting ready for school, and decided to secure it with a diary lock that was sitting conveniently on my dresser.  Too bad I left for school with the key still in my nightstand. Let’s just say my mother was not pleased when she had to drive down to my school to bring me the key so I could use the restroom. Apologies for the sidebar, let’s continue.)

Every spring, my elementary school held a school-wide spelling bee.  The winners from each class would compete on stage in the school cafeteria.  As usual, I was ready without a lick of studying.  I out-spelled everyone in my class, and then moved up to the school-wide spelling bee. I breezed through that competition as well, winning with the word “SUITE”.  It was official…I was the Bancroft Elementary Spelling Bee Champion. In just a few short weeks, it would be time to compete at the city-wide Sacramento Spelling Bee, to compete against the other top students in the city.

The day came. I was glowing that crisp spring morning…my principal came to the house, picked up my mom and I in his late-model Lincoln Continental, and drove us to the auditorium.  I had thought carefully about my outfit that morning…New Kids on the Block sweatshirt, cowgirl denim skirt and Keds with socks. Even then, I was a fashion icon.

I walked inside the auditorium and immediately my body filled with dread…there were hundreds of people in the crowd, and a whole lot of really smart looking kids walking around.  But I forged on,  determined to avoid last place, at the least.

The competition began, with 50 students from all over the city in 5 rows of 10, sitting onstage.

Round after round, I correctly spelled each word. Slowly I began to realize that the group of 50 had dwindled down to around 25.  A very sweet elderly woman started passing a tray down the rows; it held a pitcher of water and some cute little Dixie paper cups.  Out of nervousness and a tendency to fidget, I grabbed a cupful every time it passed.

Time went on.  I continued my winning streak.  Then I felt it…that tiny, tingly little urge that I would have to excuse myself soon…the restroom was calling.  For a while, I ignored it.  And ignored it some more.  That is, until an achy, slightly-uncomfortable feeling started coming over me…I really had to go, and I mean REALLY. HAD. TO. GO.  But something was keeping me from leaving the stage…fear.  Fear that if I left the stage to relieve my oh-so-achy bladder, that they wouldn’t let me back to the stage and I would forfeit my chance of winning.  So, in my 6th-grade ignorance, I kept myself glued to the off-white metal folding chair onstage.

By this time, the number of competitors was further dwindling and I found myself sitting among just a handful of kids.  The water continued to pass along the rows.  Then it came…the feelings of sudden and immense dread when you realize you’ve waited…too…long.

It flowed…what began as a trickle quickly developed into a steady yellow stream, pooling onto my chair, reaching the edge, and finally breaking the surface tension enough to cause spillage onto the floor.  I was now sitting in a pool of urine, yet stone-faced as to not give away that something majorly inconvenient had occurred.  It wasn’t long before I could hear whispers, laughter and gasps of horror from the few remaining kids around me.  Then they called my name…it was my turn.

I rose valiantly from my chair and walked to the podium, creating a trail of drips the entire way.  I had played with the idea of misspelling on purpose just to get me off the stage, but no, I wasn’t goin’ down like that.  With every word I spelled correctly, more and more attention became focused on me and the saturated skirt I was wearing.

Then, after what seemed like a small eternity, it was finally down to just two; myself and a boy named Miles Davis. I had already come this far, and I wasn’t backing down now.  As we both moved to the front of the stage, he stood a good 10 feet away from me.  I’m sure he was desperately trying to distance himself from either the embarrassment or the stench of pee, or both.

In the final round, Miles incorrectly spelled his word (what it was is escaping me at the moment), which opened the door for me. I took a long deep breath, and spelled the winning word, P-R-O-S-P-I-C-I-E-N-C-E.  I could hardly believe it.  I was the 1990 Sacramento City Spelling Bee Champion…wearing a urine-soaked denim cowgirl skirt and damp Keds that now squeaked when I walked.  Camera flashes began going off; I posed for picture after picture. I had never imagined my first paparazzi experience would be so humiliating.

A few weeks later, the pictures showed up in our school newsletter, the Bancroft Banner.  There I was, holding my trophy…clearly displaying a look of forced enthusiasm on my face.  At the moment those photos were taken, there were no inner thoughts of grandeur or exhilaration running through my mind. Not even close.  My only thought was “I wonder if anyone has a spare change of clothes…”

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