Daily Links: Great Comments Edition Print
Wednesday, 23rd April 2008 (by J.D.)This article is about Spare Change
I’ve added a new feature to the comments at Get Rich Slowly. Whenever I spot a reader contribution that I particularly like, I’ll highlight it so that others are more likely to notice it. My choice of great comments is entirely subjective, and dependent on time. (I’m highlighting comments manually.) Some days, I may highlight a dozen comments. Other times, I may go a week without highlighting one.
For now, great comments can be identified by their grey background and dashed red border. You can see examples here, here, and here. If you have suggestions for other ways to improve the site, please let me know!
Meanwhile, here are a few great personal finance articles from around the web:
Nickel shared an interesting way to add 10% to your economic stimulus rebate. The Kroger grocery chain is offering a promotion through which customers can exchange their economic stimulus rebate checks (or any checks, actually) and receive gift cards for the equivalent amount plus an extra 10%. Despite the drawbacks of gift cards, some readers may find this a convenient way to save 10% on their groceries. Sears and Kmart are apparently offering a similar promotion.
Ever wondered what happens with the info stolen by identity thieves? A 2005 article from The New York Times explains how the black market in stolen credit data thrives on the internet. “Despite years of security improvements and tougher, more coordinated law enforcement efforts, the information that criminals siphon…is boldly hawked on the Internet.” Sobering stuff.
Frugal Dad has some thoughts about the language of the perpetually poor. I believe there’s a lot of truth to what he says: the things we tell ourselves help define our existence. Rather than rationalize poor choices, why not look for ways to succeed?
Finally, a reader sent me a story from The Canadian Press about a unique Manitoba tradition that helps couples raise money for weddings. “Virtually every young couple that gets married has a social beforehand,” says the article.
Socials — pre-wedding parties that let engaged couples raise thousands of dollars for their nuptials — occur in other parts of the country under names like Jack and Jills or Buck and Does. But only in Manitoba are they a rite of passage.
I think it sounds like a great tradition, one that draws not just on financial capital, but on social capital as well.

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April 23rd, 2008 at 4:39 pm
I like the new feature. Thanks for including me in your link roundup. I enjoyed Nickel’s scoop on the Kroger tax rebate bonus - could be a nice way to boost the grocery budget and stock up on some staples.
April 23rd, 2008 at 6:40 pm
That’s some scary information about thieves stealing then SELLING your identity. Yikes! When my identity was stolen, it felt like I’d been punched in the stomach. I can’t imagine having it stolen again, and again, and again.
April 23rd, 2008 at 6:47 pm
I definitely like the comment highlighting feature. I don’t always get a chance to read them all, but it is nice to see some interesting ones.
April 23rd, 2008 at 6:55 pm
I think the comment highlighting is a great idea. But I think the Manitoba story is actually just another way of hawking for gifts and money. If a couple doesn’t want to start married life in debt maybe they should have a smaller wedding. The continual round of engagement parties, showers, stag(ette) parties is getting out of control in my opinion.
Call me cheap but if I’m going to a fund raiser, I want the proceeds to be going to underprivileged or sick children, not another party.
April 23rd, 2008 at 8:50 pm
Wow, I completely forgot about the socials in Manitoba. Born and raised until I was 20, I moved to Saskatchewan for the past 10 years, and you don’t see socials at all.
April 23rd, 2008 at 10:24 pm
I don’t know about all of Kroger’s subsidiaries, but QFC here in Washington state is grossly overpriced. That extra 10 percent might make you break even at best. I’ve also heard complaints of overpriced goods at Kroger’s other Washington chains. Just something to think about.
April 23rd, 2008 at 10:32 pm
I agree with L. As pointed out in a recently linked from here blog post, the average wedding in the USA costs like $25,000.
I understand people who are flat broke with no help from their parents needing to fundraise to have a wedding. But for most people, this seems to be pretending something is charity that is actually just promoting commercialism and spending money to excess. How many showers have I been to lately of people who already have a million things, and are only asking for new things to match a new color scheme they’re renovating for? I want to celebrate family and friends, not be a part of someone’s upscale decorating budget.
There are so many charities struggling in the world to raise money for worthy causes. Let them have the fundraisers, and let the kids getting married have a barbeque in the backyard… as they contemplate how lucky they are to have food to eat, a roof over their heads, electricity and running water…
April 24th, 2008 at 4:07 am
That’s a great idea and hopefully will foster even more thoughtful commentary from folks
April 24th, 2008 at 4:50 am
Erika: Around here, the two main chains are Kroger and Publix. Of the two, Kroger definitely has the better prices.
April 24th, 2008 at 5:08 am
Ontario has a similar wedding ritual, although I’ve heard them referred to as “Stag and Doe” parties. It’s a party that the couple invites friends and family to, and sells tickets ($20 each or so). Then, once there, you are expected to make a cash donation into an ornate “gift box.” There is a bar, but the drinks are grossly overpriced. All of the profits go to the couple.
I personally find such parties extremely tacky and offensive. I feel like I’m being fleeced in order to pay for someone else’s dream wedding. Why should a person’s guests be expected to foot the bill for someone’s fantasy day? If someone wants a big fancy wedding, they should pay for it themselves, rather than putting their loved ones in the awkward position of either being polite and having their pocket picked, or being made to look like a cheapskate.
If you can’t afford the wedding of your dreams, then you should tone down your expectations, or put it off until you can afford it.
April 24th, 2008 at 5:39 am
I think the pre-wedding social gathering is great. I don’t think it’s as much about a dream wedding as it is not going into debt. Then again, in the U.S. the couple’s parents are supposed to share some of the costs of the wedding. I don’t feel anyone should start their wedded life in debt unless it’s with school debt.
April 24th, 2008 at 6:37 am
I agree with most of the previous comments about these “socials.” It’s the couples idea to get married. They need to pay for it. I’m not going to help finance their wedding. I’m curious if on top of the social, there are showers of some sort, and if the guests that are invited to the wedding (who no doubt have been invited to the social) have to come up with a wedding gift as well. Maybe, maybe not. Either way I don’t like the idea of financing someone else’s life like that. Boo Manitoba, boo!
April 24th, 2008 at 7:13 am
If I remember correctly, yes, there are bridal showers, stags, etc. There’s no need to boo my home province of Manitoba, since you’d have to boo the entire world and every company since by spending you’re financing someone else’s life: Wal-mart, KFC, Coke/Pepsi, Gasonline companies, even the local Mom & Pop grocery store since they all markup their prices to cover their costs and enough left for a profit.
If you don’t like it, don’t shop there. I certainly didn’t like all those socials, so I never went to any.
April 24th, 2008 at 8:01 am
Great Idea J.D.
Normally I learn just as much from the comments as I do anywhere else and sometimes I have to go through 150!
April 24th, 2008 at 10:36 am
I’m going to have to depart from others on liking the new highlighted comment feature. It all sounds highly subjective and actually makes me LESS apt to want to comment on your blog. This would especially be the case if I had commented regularly and never gotten the “coveted highlight”. Call me insecure, but I would take that as a sign my comments aren’t up to par or really that wanted. I know it’s a common practice elsewhere, but that doesn’t mean I have to like it. I would compare it in some respects to the ubiquitous “was this review helpful?” feature on some many websites (amazon, epinions, most newspapres, etc.) that is perhaps intended to separate the wheat from the chaff but often just becomes a popularity contest.
April 24th, 2008 at 1:01 pm
I am from Manitoba, and really, while the couple getting married can pull in some money, they are certainly not going to be covering the costs of a whole wedding (usually).
Socials can be fun. Usually they are more like the adult equivalent of a junior high or high school dance. You rent a community club, get a liquor license, get a DJ or music company, and sell as many tickets as you can. It’s just a big party.
And let’s not forget that staple of almost every social: trays and trays of kielbasa, cubed cheese, and rye bread.
Cheers!
April 24th, 2008 at 3:23 pm
QFC is indeed pricy, but Fred Meyer is one of the reasonably priced grocery stores in the Seattle area. Of course it can be difficult to say “this grocery store is cheaper than that one” without some kind of weighted average of the prices of all the items in the store. I split almost all of my grocery shopping between Fred Meyer and Top Foods (the latter being one of the last so-called-loyalty-card free stores around here) so I will definitely be doing this as soon as I can.
April 25th, 2008 at 6:09 am
What if I’m getting my stimulus check through direct deposit. Is there any mechanism for getting the additional 10% through a gift card. Although we don’t have Krogers here in DC and I’m not really sure I want a card worth that much money at Kmart…but I’m sure other stores will be doing the same thing.
April 25th, 2008 at 11:20 am
Actually the Kroger discount isn’t quite 10%. You can prove it to yourself this way:
If you have a $100 check and Kroger turns it into $110 you can buy 11 widgets that cost $10 each. $11 x 10 = $110. You now have $0.
If you pick up 11 widgets at the Kroger and use a 10% off coupon you pay $11 * 10 = $110, minus 10% which is $11. $110 - 11 = $99. Use a $100 gift card and you now have $1 in credit remaining.
The actual effective amount can be determined by dividing 100/110 (that’s the 100% and the 110%), which gets you 0.90909090909090909090909090909091. So if you are paying that percentage of original price you’re getting a 9.090909% discount on what you purchase.
April 25th, 2008 at 1:19 pm
I have a sense that the “social” is a holdover from a time when there were stronger family and community bonds, and the donations were not meant to pay for for the wedding itself, but to set up a young couple with the basics they would need to start a life together. My guess would be most people use it now as a sort of informal pre-wedding party for friends and family, not an excuse to “fleece” distant cousins and casual acquaintances (I hope, anyway!).