From time to time, reporters contact me for help on their stories. But often, I’m not the person they want to talk to. The person they want to talk to is you. This week, I’ve connected with two reporters writing stories with which they hope GRS readers can help.
- The first is looking for somebody in the Twin Cities area who has elected to live without credit cards. Have you given up credit cards by choice? Willing to chat with a reporter? Let me know in the comments.
- The second is looking for a family with at least one child under 18 in which the wife has been the primary (or only) earner for the past six months and the husband has suffered a job loss or setback due to the recession. Is this your family? Let me know if you’re willing to chat with a reporter.
I love how precise reporter requests are. (At least these two aren’t asking for “advice on how to save on XX, but they have to be unique ideas that people don’t know about”. I hate that. As if the obvious stuff isn’t important.)
Anyhow, enough about reporters. Let’s look at some other financial stories from around the web.
First up, I recently gave an interview to Money Crashers. I give a lot of interviews, and most are unremarkable, but I like this one a lot. Money Crashers took a lot of time to come up with interesting, relevant questions, so I returned the favor by providing thoughtful responses. That means the interview touches not only on the basics of my financial tenets, but also on some of the deeper (more philosophical) under-pinnings, like how to deal with plateaus and the importance of emotional maturity. Plus, they managed to get me to talk a bit about politics, which, as you know, almost never happens.
Next, long-time reader Jeffrey V. sent me a piece from The Boston Globe about the danger of designer gifts. This brief article summarizes academic research into the effects of a fancy gift. Simply put, when you give somebody something nicer than the things they already have, you upset the balance in their Stuff, driving them to buy new items of similar “design salience”. In other words, you may think you’re being nice by giving your sister-in-law a Coach purse, but you might be feeding her the gateway drug to lifestyle inflation. Interesting.
Sticking with the holiday theme, Becoming Minimalist recently shared 35 gifts your children will never forget. I realize that (unless you’re like me) you’ve probably already finished your shopping, but this is a great list to save for the future.
I’ve thought a lot about taxes already, and it’s still several months before my return is due. Actually, this isn’t surprising. I’ve always enjoyed (yes, enjoyed!) doing my taxes as soon as the forms are available — which is soon. Because of that, I’ve bookmarked this summary of tax changes for 2011 over at My Journey to Millions.
And finally, my first column for Entrepreneur magazine has been posted online. It’s about how to save money on travel. It probably won’t surprise you to find out that I wrote this the day after returning from our month in Europe. Travel was on my mind!
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My wife and I only use credit cards for online purchases (rare- mostly holidays) and to secure the occasional hotel room/car rental but always have the cash to pay it off in full. We don’t use credit cards for any other reason and never carry a balance. We live in the Twin Cities and we’d be happy to talk about it.
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Hey JD, I fit the bill for the second family request. Feel free to pass my email address on — thanks!
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JD, very good interview over at Money Crashers. However, I’m so glad I don’t have to read your politics here (“raise taxes”?!?!) — otherwise, I’d have to stop reading my favorite blog!
Also, I love doing my taxes as early as possible, too. It drives me crazy to wait for the January statements to come in!
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Sara, Sara, Sara. You’re only stating half of my position! It’s “cut spending and raise taxes”. But you’re right: There’s a reason I avoid politics here. GRS readers have diverse opinions, and have other places to discuss the subject.
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We definitely fit the second description. I’ve been the primary wage earner for the last 2 years. You can certainly pass along my email address. Thanks!
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I agree with the globe article. I recall a reader question about giving designer bags to her nieces form a consignment store. Was it on this site or simple dollar? Anyway I said it might be a bad idea to get young ones liking nicer stuff. Bad start!
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Thanks for the mention! I can only help the post helps someone out there
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My wife brings home the bacon at my house! And while I do not believe in playing victim to the economy, I will admit it has played a role in my decision-making process for my career path. I just recently started my own blog (TheBlogSoGoodItDoesntNeedAName.com) where one of the things I am going to write about is being a Stay-At-Home Dad, including money issues, so feel free to pass my name on to that reporter!
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I love the link to 35 presents children will never forget. I’m starting to become much more thoughtful about presents and try to give experiences, especially ones I can share with the recipient.
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Great interview at Money Crashers
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Left a comment on the money crashers interview. I hope that if you do ever venture into talking about macroeconomics on this site (which I hope you don’t) that you do as much research on the topic as you do on the personal finance topics you discuss before making suggestions.
What seems like common sense at first can be completely the wrong thing to do when you are looking at countries rather than at people. There’s informed opinions and uninformed opinions and the latter can be dangerous.
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J.D., in your interview with money crashers they asked you about setting goals. One piece of advice I received before running my first marathon was in relation to goal setting. After training for several months, I had a goal time that I really wanted to meet. What I was told was to set three goals. The A goal was the time that I’m really running for. The B goal would be a bit slower, but still a good time. The C goal was a time that I knew I could beat and if I did beat it I would still have accomplished a goal. So with your weight loss as an example your A goal could have been 50 lbs. Your B goal 40 lbs., and your C goal 10 lbs.
When it came to running the race, I was definitely faster than my C goal, and just a couple minutes shy of my B goal. I left that race knowing I had done my best and was happy with my time. If I had only been running for my A goal, I would probably have left bummed out, but as it was I left happy.
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I should probably read the article before commenting, but at first thought the idea that you shouldn’t give a nice gift for fear that someone will get hooked on spending more than they should is just bizarre to me.
Let’s say I have a choice of giving a beautiful artist-made pillow as a gift, or a cheap barely-designed pillow that is say, half the price. If I can afford the thing of beauty, I think I should give it. The recipient may agree that it is beautiful and seek out other beautiful objects. Maybe he/she will save to get them, or find them used. Is there really more danger a person will immediately become addicted to credit just because they begin to appreciate nicer things than if they just are influenced by consumer culture?
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@Nicole (#11)
Agreed. I don’t venture into economics much here, as you know, but when I do, I’m pretty diligent about research precisely because I know it’s one of my weak areas. And I try to keep my opinion out of most economics pieces.
The prime example of this is my two-part series on taxes: understanding the federal budget and the truth about taxes. I spent days researching those posts, and tried to find non-partisan sources of information (which is much more difficult than you might imagine). When I wrote those articles, I tried to present just the facts, and steered clear of editorializing even in the presentation of the data. I don’t know if I succeeded, but I tried.
So, I steer clear of economics and politics whenever possible. I know my opinions aren’t popular. They’re neither right nor left, so everyone thinks they’re crazy — even my wife!
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I am a wife bringing home all the money! We have exactly one child under 18 too! I would be willing to chat.
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“To what do you contribute your amazing success?”
Is Trent Hamm editing MoneyCrashers now?
Sorry for the nitpick, but that should be “To what do you attribute your amazing success.” As written, it makes no sense.
Also, the “35 Gifts Your Children Will Never Forget” was just lame. I was expecting some actual memorable gifts, not sentimental fluff like “Intentionality” and “Finding Beauty.” *gag*
“Hey Timmy, what did Santa bring you? Discipline? Yaaaaay!!”
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You’re right, JD, that was a good interview. For what it’s worth, I completely agree with your politics (on that question at least).
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JD> Still, it seems pretty clear to me that whatever the Bush administration did screwed things up in a big way. A lot of people blame President Obama for the present economic crisis, but he didn’t create it. His administration has done a piss-poor job at dealing with it — no question — but his policies didn’t get us into this mess. The blame for that rests with the previous administration. I’m not sure why so many people ignore this.
The Administration the actually did contribute to the down turn was the Clinton administration. They were the ones that pushed for banks to lower their requirments for signing loans. At the time “to help families get into a home” which helped everyone buy more house than they could afford with ridiculous terms like zero down and ARMs.
Name one thing the Bush administration did to contribute to the recession. Remember this entire recession started with the real estate bubble bursting.
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J.D.,
A great resource for reporters and bloggers alike is HARO (Help a Reporter Out)
They can be found at http://www.helpareporter.com/
It is an online resource that allows reporters to post topics searching for subject matter experts. So, if you blog about food and you want to be considered an “expert” you can contact the reporter in the posting. In return they reference you in the article and provide a backlink to your site. There are a lot of large reputable publications on HARO as well as many different regional media outlets.
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Kevin – agreed.
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@Kevin (#16)
Ha. Sounds like you need to learn to find beauty even in mediocre blog posts.
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My wife and I would qualify to talk to the first reporter. We live in the Twin Cities area and stay away from credit cards. So far we have never found a good enough reason to use them. We are very open about our finances and would love to talk a reporter about it.
P.S. Great Blog, my wife and I love your articles.
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I read your interview with Money Crashers, and I just want to say I really appreciated your candor about your struggle with charitable giving. It helped me better understand how the way we’re raised can have a huge impact on how we view that issue. And I completely sympathize with your desire to give to individuals, not big organizations. It’s harder to gloss over things like hunger, poverty, and disenfranchisement when you can put a face on them.
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I too live in the Twin Cities, and avoid credit cards like the plague.
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Hi JD,
My family nearly fits the profile of the second request. In 2008, my husband was laid off after 34 years at the same company, so I have been the breadwinner since then. We have two children living at home, the elder is 20 and the younger was 19 in November. It’s been a challenge to say the least, but thanks in part to your blog, we’ve managed to survive on 1/3 of our former income.
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I would like to help a reporter. I have been affected by the recession, loosing my job of 11 years, with a 10 year old at home. My wife is now the primary income earner, she is a CPA in the public sector.
Let me know.
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Awesome interview JD…GRS readers, you’re learning from an amazing guy with some truly unique views and tips!
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