More Economic Frustrations

Beginning in June my company decided to readjust its payment schedules for our pay checks. Instead of getting paid a set amount on the 1st and 15th of every month, we're getting paid every two weeks. This is causing a lot of problems for a lot of reasons. Somehow this translates to us getting paid about $200 less per paycheck until July. June happens to be the end of of our fiscal year, so I will not go into my conspiracy theory about how much money this is saving the company and how this will probably make the books and budget look better. But with the current paychecks, it almost feels like we are on furlough again. Sure, we'll get an "extra" paycheck in July, but that doesn't help me with my bills now. Another thing that is affected is that now the pay dates aren't on a set date every month. I, and many of my co-workers, have everything budgeted down to the day and penny. Now it is harder to manage all of this, and so far a lot of people have said that they have come close to overdrawing their accounts. And I won't even go into the fact that the cost of living raise we get this year will probably be minimal, if we even get anything at all.

Because of all of this, lately I've been reevaluating my living situation. I just moved into a wonderful new apartment, but it's also on the expensive side. If I can't be guaranteed a reasonable raise, then I have to seriously consider if I can continue living here. There are places in nearby cities that are cheaper by about $200 or $300. Some of these places are only a little bit smaller than my current place, but also in some of these washers and dryers are included. It wouldn't be Boulder anymore, but that might be the price I have to pay just to survive.

So once again, I've been frustrated with budgets and finances. I think about my education, all my degrees, all my work experience, and I can't help but think how grossly underpaid I am. Even when I go online to find competitive salaries for other people in my position, I'm still about $10,000 to $20,000 under what is considered average. Sad!

What I really need is a generous person to make an anonymous donation of about $5,000 to my bank account, or pay my rent for the next four months. Or I need all of my universities to pay me back for all of the outstanding work I've done. If the alumni associations can ask me for money, why can't I ask them for money? Maybe I need to play the lottery. Or maybe I need to sell an egg or a kidney...

Sorry, all, I just had to vent. Typing quickly and angrily, so forgive any spelling or grammatical errors.

Current mood: stressed and frustrated

Money-Saving Tips for Cheap and/or Tight-Fisted Publishing Professionals

**Long Post Warning**

As I have written in previous posts, publishing is not exactly a lucrative career. We make a decent income. It's not always a great, high income, but it's also not a low income. Still, money is tight for many of us who work in this industry. We're watching our pennies and dollars just like everyone else in this country. And things are getting worse and more volatile in our office. People are getting more angry and frustrated about contributing money to department or office events. These days a $3 or $5 contribution is cause for a riot. Things are so bad that there is a good chance that our department will stop celebrating our co-workers' birthdays because people are getting tired of contributing money to bring in food or treats. I think this is really sad, because getting together and celebrating birthdays is one of the ways that we try to take a break from work and try to boost morale. However, how can you boost morale when half the people are angry and resentful about their $5 donation? And maybe this will be a good thing for me, considering I'm often the one who contributes more to cover any shortfall. While others might complain about donating $5, I'm usually the one contributing $10 or $15. Why should I keep doing that?

These birthdays happen maybe once a month. We've even tried to combine an entire month's birthdays on one day so that it is less of an inconvenience. So it's basically a $5 donation once a month. But still this is a problem. Like everyone else, I'm trying to be careful with my money, but I have my own tricks and tips that help me save money. Here are a few ideas that might help frugal and fiscally conscious readers.

1. Don't buy coffee from a coffee shop every day. There is a wonderful ritual about going to coffee shops. There is the smell, there are the nice and/or cute baristas, there is the tasty, freshly ground coffee. It's wonderful, and I used to go to coffee shops all the time when I was in school. But the money you spend on coffee adds up. $3-4 a day equals $15-20 a week. If you still want to go to a coffee shop, try going every other day. Or if you have enough will power, save it for Friday and consider it an end-of-the-week reward/treat. Or, better yet, brew your own coffee at home and bring it to work in a thermos.

2. Don't eat out every day for lunch and/or dinner. Some people, many of my co-workers included, just don't like to cook. And I can understand that. There are days when I don't feel like cooking after work. But eating out every single day really adds up. $7-8 a day for lunch equals $35-40 a week. A $10-20 dinner every night can mean $50-100 a week. All of that money can be spent on groceries and you'll get a lot more bang for your buck. Take a little time to make your lunch or cook your dinners. I might get teased at work for loving peanut butter sandwiches, but when you add it all up, that sandwich probably costs about $0.50. I'm one of those types of people who like to cook, and when I cook, I tend to make a lot of food. Even when I try to cut recipes in half, I always seem to have enough food for 6 or 10 people. I eat leftovers at work for lunch, or I freeze the leftovers and save it for one of those days when I don't feel like cooking. One meal could possibly be stretched for a week or more.

3. When you go to happy hour, drink maybe 2 or 3 drinks instead of 6 or 8. I love alcohol as much as anyone and I love getting together for happy hours, but I also know that it can get expensive. Binge drinking in a bar is not cheap. So be careful with how much you spend in the bars. This is good for your wallet and for your safety! If you want to binge and drink a lot on one night, buy your booze form a liquor store and celebrate at a friend's house where you can spend the night. It will probably be cheaper in the long run and it will be safer too!

4. Cut unnecessary expenses. If there is something that you absolutely don't need, consider consider getting rid of it or putting it on hold. I've canceled a lot of magazine subscriptions. I don't have much time to keep up with these magazines, and when many of them are online for free, why spend $50 dollars a year for a subscription. I also canceled my Netflix subscription. I might sign up again when we get out of this furlough period, but saving even $14 a month on this helps out.

5. Clip coupons. For whatever reason people laugh at me when they hear that I clip coupons. I think they think that coupon clipping is something that only old ladies do. But, hey, pennies saved are pennies saved. Who cares when a fistful of coupons can save you $5 at Target or $10 at the grocery store. Do you know what $15 equals? Lunch at Wahoo's: 2 tacos, rice, black beans, chips, salsa, guacamole, and a beer! And you'd probably have money to spare. $15 can also equal a very good bottle of wine.

These are only 5 examples of how to save money, but I'm sure there are dozens more. The basic rule is just be sensible and know what is worth the money and what is not. Save where you can, but splurge and treat yourself (and others!) every now and then. These treats and rewards will be good for your mind and soul. And most of all, stop whining. That's bad for both your soul and the souls of others!

Good to the Last Drop

Having had a very good friend who was recently laid off from her job, things in life have definitely been put into perspective. As an aside, after seeing what my friend went through, I have somewhat of a hatred and resentment for the corporate world that can lay off people without any warning or any notice. All it takes is a simple "pack up your things, you're all out of here." I suppose gone are the days when companies would give people two-weeks notice or more to find new jobs. The corporate world is cut-throat and money, certainly not people, is all that matters.

Seeing and hearing what other people are going through right now makes me appreciate what I still have. As often as I complain about having too much work and working too many hours, I'm fortunate just to have work to do and hours to fill. However the news of people around me getting laid off terrifies me. The thought is definitely in my mind that the same thing could very well happen to me at any time. I'm hoping that my company (and my job) is still secure, but then again my friend thought the same thing about hers.

This whole fear about the potential of being out of work at any moment has reignited a determination in me to be a little more careful with my money. I'll admit that I like to splurge on certain things, but now the realization has hit me that I need to be more frugal and save more money. There are a lot of things that I want right now—an external hard drive for my computer, DVDs, CDs, books, etc.—but these are not things that I absolutely need right now. In the past (like, before this week) I probably would have bought all these things, but now I realize that I need to spend my money on the important and necessary things. And I realize that I also need to save for the unexpected expenses—another friend's unexpected $2,000 car repair expense also scared me into saving more money.

So now I think I'm going to retrain myself to live like I lived when I was a student and before I had a job and a disposable income. So it is back to clipping coupons, cooking more and going out less, buying only what I need and not what I want, and using what I have until it can't be used anymore. In fact I just spent the past 20 minutes pounding the last few drops out of a lotion bottle. When your lotion comes in a bottle with a pump, you're never going to get the lotion that is at the bottom of the bottle because the pump never reaches far enough. So you basically have to unscrew the pump and pound out the lotion that's at the bottom of the bottle. I think I was able to squeeze out two more weeks of lotion out of that bottle!

Current mood: scared of the economy, but grateful for what I have
Current music: iTunes on shuffle—Keith Urban "Who Wouldn't Want to Be Me"