Daily Links: Twitter Time Edition Print
Wednesday, 14th January 2009 (by J.D.)This article is about Spare Change
I think that maybe I finally have this Twitter thing figured out. Though I’ve had an account for a while, I’ve never really known what to do with it. Over the past few days, it’s beginning to make sense. I’ll use it as a sort of “behind the scenes at GRS” thing where I offer:
- Interesting links that I don’t have room to blog about.
- Questions and polls about financial topics.
- Brief glimpses into how the site runs.
And, because it’s also my personal account, there’ll be an occasional “my cats are so darn cute” tweet. I’m a low-volume tweeter (maybe 10-15 a week), so I’m not likely to overwhelm you. If you’re interested, feel free to follow along. (You may also be want to join the Get Rich Slowly page on Facebook.)
Meanwhile, here are a few recent articles about money:
While digging through the archives at Penelope Trunk’s Brazen Careerist, I came upon her advice on how to answer the toughest job-interview question: “What’s your salary range?” She says that the best response is always some variation of “I’m not telling you” and then gives some tactful ways let the other side make the first move.
Elsewhere, the Freakonomics blog recently wrote about the fiendish genius of credit-card minimum payments. The minimum monthly payment can be a useful guide for cardholders, the article says, but it’s a much better deal for the credit-card company. “The monthly minimum acts as a mental anchor, exerting an enormous amount of influence on how quickly that debt gets paid. [Research] found that as suggested minimums drop, actual payments fall right along with them, even among people who pay above that bottom limit.”
Finally, I know there’s still a month before Valentine’s Day, but I think Abby at I Pick Up Pennies has a great romantic (and frugal) tip for couples: read aloud to each other. When Kris and I were dating, one of my favorite things was when she read to me. (I wish she’d do it now!)

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January 14th, 2009 at 4:09 pm
Sounds like a good twitter plan. I am already following, but I would be interested!
January 14th, 2009 at 4:50 pm
don’t forget to follow enough people that you know what the rest of twitter is talking about. You can use it as a portal to get outside your own sphere of influence. (and then expand your sphere). tools like tweetdeck can help with this. Oh yeah… have fun too!
January 14th, 2009 at 4:55 pm
@Bo
Yeah, somebody was telling me about Tweetdeck the other day. I’ll have to check it out. My biggest problem with following has been that some people tweet more often than others, drowning out the conversation. But I hear that Tweetdeck helps me categorize the people I’m following, which would let me manage more people at once.
In fact, I’ll go check it out now. You guys don’t need a post for the morning, right?
January 14th, 2009 at 5:00 pm
Might I suggest you get Alex King’s Twittertools plugin so that you can also post here (automagically) a daily digest of your tweeted notes for those who don’t get twitter. You can find it here: http://alexking.org/blog/2008/11/13/twitter-tools-151
I use twitter for the exact same reasons you outline above and find having a daily digest to be a fantastic addition to the regular developed posts.
January 14th, 2009 at 5:51 pm
For many years, my ex and I had a subscription to “Entertainment Weekly.” I would sit at the kitchen table and read and comment on articles to her while she cooked dinner. We could usually get through the magazine in a single session; she only had to hear the items that I knew she would care about. It’s one of my fonder memories of our time together.
January 14th, 2009 at 5:53 pm
Oh no!
Paying only the monthly minimum?!!
Reading aloud is an excellent way to spend time together. We’ve even gotten to reading financial books together (yes, does seem to take a bit of the romance out of things…)
January 14th, 2009 at 6:05 pm
J.D.: Thanks for the mention! Just as an fyi, there’s still time to enter the corresponding giveaway for the $25 Amazon GC. (Ends Sunday night)
Meanwhile I’m off to read Freakonomics’ piece about how credit card companies are clearly more devious than previously imagined. (Who know it was possible?)
January 14th, 2009 at 6:45 pm
I use Kind’s Twitter tools for my blog. I have Twitterific on my iPhone so I can tweet wherever I am.
Bout time you hopped on the Twitter wagon JD! See you in the pipes.
January 14th, 2009 at 10:09 pm
>>how to answer the toughest job-interview question: “What’s your salary range?” She says that the best response is always some variation of “I’m not telling you” and then gives some tactful ways let the other side make the first move.
Well, I suppose, maybe that would work in some cases, but….
In my situation, I’m usually looking for some kind of increase compared with my current/previous job. For people in a specific industry, we all pretty much know, more or less, the ranges of most jobs in the local area.
So I would normally say, “My current salary is X”.
If they can’t beat my current salary, I’d hear about it quick.
If they can, I’d hear about that too.
I’ve had no problems saying my current salary.
I guess the attempt at getting the prospective employer to make an offer first is to see if you can get something more than a normal increase. That might be possible, and then again, it might not.
Often I’ve been asked “What’s you current salary?” rather than “What’s your salary range?”.
I have heard of places that say, “OK. Bring in your current pay stub” before they make an offer. If you’ve verbally inflated your salary, you’d be stuck.
So, for me, I stick to my reality. If they expected to pay a lot more than I am currently earning, and I come ‘cheap’, then it means they would not find it difficult to increase my salary next time raises come along.
–Joe
January 14th, 2009 at 11:45 pm
We’ve got a four-year-old, so I get to hear my wife reading a lot. And there are some really good children’s books out there. It’s nice to just sit back and watch them interact too. Definitely one of life’s simple pleasures.
As to the credit cards, the term really is ‘anchoring’, and it’s used everywhere. Many studies have been done where, if you first ask, “Would you pay $10 for this plastic cup?” you’ll get a price much closer to $10 than otherwise. Nasty little trick. The best way to counter it is to decide what you think you should pay before you look at the bill, so you won’t have the anchor in place.
January 15th, 2009 at 4:01 am
a lot of big blogs run twitter as a viral marketing tool…they get people to tweet and whatnot…seems to work. look forward to your twitter tweets (i think that is the lingo lol)
January 15th, 2009 at 5:22 am
During road trips, I end up reading to my husband and then we discuss the book. Last trip we reviewed the Starbucks Experience. WE have a fun time ding it an its nice to have a change in conversation.
January 15th, 2009 at 5:47 am
Last year, my wife hand-wrote a 50 Reasons Why I Love You on different colored strips of paper and put them in a glass candy jar. On Valentines Day she read each one aloud. Very romantic, and very frugal!
January 15th, 2009 at 9:40 am
I love reading out loud too! My boyfriend and I don’t have much money (both just out of grad school and not in high paying jobs yet), and this is one of the ways we do cheap dates. Definitely a nice alternative to watching TV every night.
January 15th, 2009 at 10:29 am
It sounds like you have a handle on the micro-blogging aspect of Twitter. That’s an important part of it. However, just as important - and surprisingly valuable and useful - is the networking aspect of it. Twitter really starts to fly when you build up a sizeable list of interesting people to follow and follow you, and spend time having @ conversations (I’m not such a fan of DMs).
January 15th, 2009 at 11:14 am
Good luck with the Twitter use. It’s one of those web 2.0 animals that can be a bis boost or a pain.
January 15th, 2009 at 2:47 pm
I created a twitter account and have about 1 new person a day add me as a friend. I still don’t know what to say that I’m doing. Taking kids to park, going grocery shopping, walking the dog, all boring. What do you write when you send out a twitter message?