Archive for the ‘Katy's Korner’ Category

Retirement and Bikinis

By Katy

retirement

I don’t mind working until I’m 70, but I really want the option and not the mandate.  It’s Memorial day, and I’m feeling a little blue.  I was invited to a pool party, but since I don’t want to wear a swimsuit in public right now, I’m feeling shy about going at all.  In a way, my finances are the same way.

I am sitting here on Memorial Day doing my bills.  I click over at a couple of retirement calculators, and the numbers look dismal.  Do I really have to save that much money to be able to live as I do now when I’m 70 years old?  Ugh!  It must be nice for those who can remember pensions.

I look at my social security earnings sometimes and think I can rely on that money to survive, but will it still be there when I turn 65?  Most financial experts believe it will be.  Will it be enough?  I’d like to hope so.  I really don’t like to worry about anything, especially not money.  It’s pretty much the reason I have saved up a year’s worth of expenses.

But I do still worry.  Like wearing a swimsuit and worrying about whether or not I can lose the weight I’d like to lose, I worry about whether I can wait out the fluctuations of the market and get my money’s worth in the end.  I worry about whether my downtown L.A. loft will increase in value enough by the time I want to sell it, and I worry about whether work will stay steady for me in the years to come so I can keep saving for a house AND for retirement.  I know…I just have to get to work on both my flabby abs and my savings goals instead of just worrying.

Posted by admin on May 31st, 2010 No Comments

Brown Bagging It

by Katy

the_sack_lunch_poster-p228679925117081900tdcz_210

I saw a billboard today that promoted saving money by bringing your lunch to work.  Now, this is an easy way to save money, but it’s also so difficult.  Part of the reason?  It’s fun to go out to lunch with co-workers.  It’s the one hour during the day where you get to leave a cubicle or an office, get some fresh air, and if you live in a sunny part of the world, like I do, soak up some Vitamin D!  It’s also easy to just walk to a restaurant, plop down some money or even easier to swipe a card, and enjoy a big meal.  I also love not having to make a lunch either the night before or the morning of.  I want to get that extra 15 minutes of sleep and not make a sandwich or pack up my dinner from the night before.  So my question is…why and how do YOU do it?  I need help!  Anyone have any tips, inspirations, or easier, fun ways they bring their lunch to work?  Please send them my way so I can live up to one of my New Year’s resolutions.  Oh wait…I didn’t really make a list this year…so do I really have to do this?

Posted by admin on January 12th, 2010 4 Comments

Back to Work

By Katy

Orange_Girl

I went back to work on Monday.  Like most of you, I imagine, it was after a long holiday.  Unlike most of you, I wasn’t paid for my looonnnggg holiday, but to be honest, I’m 100% OK with that.  I probably had a much longer vacay than you did, and it really is just the life of a freelancer.  Plus, I knew I was coming back to work this week, and that just makes being on holiday that much sweeter.  I think last December, I wasn’t sure if I was going to have a job in January, so I’m very grateful this year!

Now, first day back at work felt like the first day of school.  Everyone’s excited to see each other.  I was a bit nervous, and I was wearing new clothes.  I also got to pick where I would sit.

What about you?  Did you start work this week after a holiday?  Did you get a lot accomplished?  Were you happy to be back?  How did it feel?  Is 2010 the year the economy picks up again?  Happy New Year, everyone!

Posted by admin on January 6th, 2010 8 Comments

Christmas is here already?!?

By Katy

jellycandy

I normally post on Mondays, but it’s the holiday season so I’ve been a bit busy.  I’m not sure exactly what I’ve been so busy with, since I really have nothing to show for it.  Last year, I did not buy any gifts, but I don’t recall if I had a job lined up immediately.  I was also trying to save for a wedding that I thought was going to happen this year.  So instead of buying, I made CD mixes, brownies, and cookies!  I also made candy for the first time in my life.  It took all day, but it was sooo worth it!  I felt like I had really accomplished something, and my kitchen looked like it had too.  (If I had the wherewithal to take a photo of my crazy kitchen, here’s where I would’ve shared it with ya’ll!)  I made jelly candy with powdered sugar on top…and my granite countertops were covered with it!

This year, I am not in the Christmas mood.  No, it’s not a bah humbug thing.  I was just working so much that Christmas took me off guard this year.  I didn’t get any cards to send to anyone (my usual Christmas m.o.)…and I haven’t bought a single gift.  Oh what to do?!?  Funny thing is…I’m not panicked.  I will just let 2009 slip on by and make a New Year’s resolution to do better next Christmas.  Happy Holidays everyone!

Posted by admin on December 23rd, 2009 3 Comments

Music and Money

By Katy

Ain\’t No Rest for the Wicked

I just discovered Cage the Elephants.  OK if you’ve already heard of them, don’t rub it in.  I’m older now.  It takes me longer to find these “new” shiny bands, OK?  Anyway, music for me is like a drug.  When I go and see shows, I forget about my troubles for awhile.  I embrace the beats, the performance, and the sheer musicianship of those on stage.  Even if I had never heard of the band and don’t know a word of the lyrics, I enjoy myself.  I dance.  I laugh.  I am mesmerized by the sensory overload — lights, the video screens, the music…oh the music!  Good music lifts my soul!  Cage the Elephants is not a band I would’ve bought if I had just heard them on the radio.  The song in the video is catchy enough, and it sound like a little bit like the White Stripes whom I love.  But I just wouldn’t have loved the song enough to spend money on the single.  After catching one of their shows though, I was sold.  The energy of the frontman invigorated me.  He looked about 15 years old.  He danced around on stage like a young Mick Jagger on acid.  He dived into the crowd, at one point, like he was at an old school grunge show.  I ate it up.  Money well spent.

I don’t spend a lot of money on random things.  I don’t like to have a lot of possessions.  I’ve always been that way.  Perhaps it’s the commitment-phobic side of me.  But I’ve always collected music.  I would spend my last dollar on good music.  I would love a huge library filled with books and music.  It’s borderline obsessive some days.  I will go months without buying music, but when the mood strikes, I will sit at my computer for an entire day…downloading songs and albums on itunes…making mixes for friends, loved ones or even myself…and just being absorbed by the entire experience.  Of course, it’s so easy these days to buy music.  I just click BUY, and it automatically charges my credit cards.  Just today, I spent about $30 buying 3 CD’s.  Not a lot of money, but when you add it up to the thousands upon thousands of CD’s, LP’s, and cassette tapes I have…it’s a lot.  But worth it, don’t you think?

Posted by admin on December 14th, 2009 6 Comments

Family Financial Matters

By Katy

luckyfortune

My family has always had a tumultuous relationship with money.  I’m sure your families have had their share of ups and downs financially, but indulge me, if you will, and let me tell you what I have heard about mine.

My parents grew up in Taipei.  It’s the capitol of Taiwan, and it’s a busy, metropolitan city on an island.  It’s kind of like Honolulu in Hawaii but a lot more crowded.  Most people live in apartment buildings.  Very few people have houses.  My dad was one of those few.  He seemed to grow up with money and privileges that a lot of other Taipei residents did not have.  My mother used to walk by his house and wonder about the people who lived inside, and from what I had been told, my father grew up with a nanny, housekeeper, and a chauffeur.

To understand where this money came from, I think I have to tell you a bit about my paternal grandfather.  My dad’s father was a spy during World War Two for the allied nations.  My grandmother told me he drove a jeep and lived life on the edge.  Apparently she did too since she married him after just knowing him for two days.

Although my grandfather barely escaped capture from the Japanese on several occasions, he survived the war, only to succumb to lung cancer when he was in his 30’s.  Now, my timeline is a bit sketchy right here.  Some stories say he left China after my grandmother was pregnant to avoid capture, so I’m not quite sure when he died.  But I do know that he left my grandmother quite an inheritance.  So she traveled from China to Taiwan, pregnant with my father, carrying gold bars!

My grandmother did well with her inheritance.  She turned those gold bars into real estate, and since Taiwan is a small island and land is precious, her investments grew, turning her into a mini real estate mogul, but I don’t know if my father truly benefited from her wealth.

My grandmother always worked.  She had to.  She was a single mother in an era and culture where working women were extremely rare.  So although I’m sure my father had whatever he really wanted materially, he didn’t really have his mother’s attention.  Instead, he had a nanny and a chauffeur to drive him everywhere.  Later, when my grandmother re-married and had two more boys, I believe my father tried to take care of them in a way he wasn’t.

When I was younger, I saw my grandmother as a Scrooge.  She once accused my brother and I of stealing the money she hid in her mattress.  She bought me perfume for a birthday, and although it was the only time she had ever bought me anything in my life…she told other relatives that I was a greedy child.  She would also accuse her three boys of waiting for her to die so they could inherit her money.  She once told them that she wanted to be buried with her money so that no one would have it.  For these impressions, I have always felt how important money was in her life.  Money felt more important to her than people.

I think, culturally, Chinese people view money heavily.  Money equals security, position, and power.  Money is given instead of hugs and kisses, and I always felt like my father tried to control me with money.  He may not feel that way, but I know that I felt that way growing up.  I think that’s why I never want money to control me.  I don’t want any money from him.  I don’t want any money from my grandmother.  I want to pay my own way through life, and for the most part, I have.  I think gifts are lovely.  If my parents or grandparents want to help pay for a wedding or college, it’s appreciated.  But I don’t want to feel like I owe them for it.

My maternal grandparents are the opposite of my paternal grandmother.  They were never rich, and my mother sometimes blames it on the fact that my grandfather was overly generous.  He would allow friends and sometimes even strangers to borrow money and not return it.  He gave away furniture and other household items when anyone would even comment that they like it.  And my mother is the same way.  They are not savers.  They don’t clip coupons, and they tend to live above their means.

I think I’m somewhere in the middle of all of this.  I hate worrying about money.  I like to live my life freely, and I think money helps with that idea.  I work hard.  I save, and I don’t spend more than I have.  I have paid off my debts.  I have also given, financially, in a lot of my relationships, so I definitely relate to my maternal grandfather’s sense of “generosity.”  Now, I’m just trying to find the balance because I don’t want to feel like anyone’s taking advantage of me, but I don’t want to shut down and be a Scrooge.  After all, it’s the Christmas season, and I am not sure I want any ghosts of past, present, and future visiting me.

Posted by admin on December 7th, 2009 4 Comments

Sleep…Sleep…Sleep

By Katy

cute-kitten-sleeping-in-food

Like this kitten, I hope to sleep through Thanksgiving.  The turkey will help.  The stuffing will help, and heaping mouthfuls of pie will help.  I also want to stay awake to say thank you.  Thank you for this year.  Thank you fans of Recession Mamas!  You’ve made our launch so successful.  Family and friends — thank you for sharing your stories and your comments.  We need to talk about money and finances more, or I think we will continue to repeat the same mistakes over and over and over.  Life is about learning new lessons, right?  I hope to not make the same mistakes.  I hope to live the best life I can possibly live…and then get some sleep.

Posted by admin on November 24th, 2009 2 Comments

An Equal Partnership?

By Katy

I am still away from home, and I am thinking about my relationships and how much money affects them.  It’s a sad, unromantic view of the people you love, but as harsh as it may be, it’s realistic.  As I’ve mentioned in a previous post, I had always believed my grandmother’s saying that “love doesn’t buy the bread.”  But I also started to believe that love can overcome a lot of issues.  Now, that I’m away from my family and fiance, I am thinking again in more black and white terms, and I sort of see red all over.

If a couple is getting married, should their finances be in a somewhat harmonious state?  Is it fair to one partner if the other partner has racked up a lifetime of debt and the other partner has virtually no debt?  Is it fair for one partner to continuously pay for the roof over both of their heads and never see the light at the end of the tunnel (when the mortgage is split 50/50 or even 60/40)?  Or what about a wedding that only one partner is saving up for?  These are all important questions to discuss before getting married, but the fear is what if these discussions never turn into reality?

Posted by admin on November 16th, 2009 5 Comments

The Holidays

By Katy

Winter_Ride1

Snow flurries fell around me this morning, and I started thinking that the major winter holidays are coming soon. Christmas, Chanukkah, Thanksgiving, New Year…a beautiful time to spend with family and friends.  But it’s also the time of year where I tend to spend the most money.  Whether I’m entertaining or going to a friend’s house, I spend money.  I hate showing up to parties empty-handed.  It makes me feel guilty, for some reason, and if I’m working, I tend to make up for the years when I’m not.  I buy lavish gifts for my parents.  One year, I bought them a large flat screen plasma TV.  I usually give my brother cash because he’s the hardest person to shop for.

My closest friends in L.A. are really great at hosting dinners and making gifts.   Since I’m not so crafty, I end up buying them things I hope they like!  And oh this all reminds me…I need to buy a dining room table so I can host some dinner parties!  What pressure we put on ourselves during the holidays!  I never understood it as a kid.  Sure, I wanted the latest Barbie doll and games, but I also just had fun.  I didn’t worry about keeping up.  I didn’t feel guilty if all I gave my parents were a card and a hug.  Although Thanksgiving isn’t even here yet, do you feel the pressure already?

Posted by admin on November 9th, 2009 4 Comments

At the Airport…

By Katy

airports

I am sitting inside an airport right now, writing to you, dear readers.  I can’t tell you where I am, but I can tell you that it doesn’t have free wi-fi.  How is this possible?  I think that in this day and age, there should be free wi-fi everywhere.  I think I heard a rumor awhile back that Google wanted to do that someday.  I think that day should be today.  Flying has already become a major chore since September 11th.  Airlines have lost a lot of money, so instead of trying to lure customers back with incentives, they have passed along their costs to us.  Checking in bags costs money.  Airplane food, never very good, also costs money.  And wireless at this airport also costs money?  Come on!  I think the best way to re-gain customers is to make the flying experience as pleasant as possible, not as painful as possible.  Seats should be more comfortable.  Good food options should be available in the terminals and on board.  And getting online to do some work should be…free!

Posted by admin on November 2nd, 2009 4 Comments