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Written correspondence is one of the little joys of the fast-paced, technologically-dependent world we live in. That’s why I love stationery, and have dedicated several posts to the wonders of Crane and Papyrus.

New York Times just published The lettered set, an article about people who spend hundreds or thousands of dollars on custom stationery from famous stationers such as Printery, Crane & Co., or Grosvenor Stationery Company. I loved reading the descriptions of the papers… a girl can dream, right? ;)

But it’s a mistake to think that a stationery wardrobe is only for the rich or the famous. I’ll likely never spend $500 on 100 notecards with matching, tissue-lined envelopes from Dempsey & Carroll, but that doesn’t mean that I don’t enjoy and use stationery.

You don’t need to spend a ton of money on engraved stationery (although you can. And it’d look fabulous). In fact, I don’t even have special paper for letter-writing – I use them too infrequently to justify the cost. Instead, I keep in a shoe box a small but steadying growing collection filled with notes and cards.

Just as a classic wardrobe has its staples (little black dress, fitted jacket, kitten heels, etc.), a stationery wardrobe also have key pieces (which, in my humble and very non-expert opinion, are):

1. Thank-you cards. The thank-you card is the cornerstone of a stationery wardrobe – it’s the piece that you’ll likely use the most often. I send thank-you notes after job interviews , dinner at friends, etc. Right now, I have 3 different sets of thank-you notes: two from Crane (I tend to reserve these for business purposes), and a set of studier and “cuter” cards that I send to friends.

I am partial to Crane – the quality of its stationery is just so lovely. The cards aren’t cheap, but the website often have sales of 50% off or more. You can also check out discount stores such as Marshalls, where I’ve seen Crane thank-you cards for $5 a set (usually $15). 

2.  Blank cards / notes. These will be the workhorses of your collection. I have sets in several design – a “Sex and the City” style in pink and black, a “zen” design in muted green, and a quirky Hallmark card with a little imprint of a lamp and a tagline “Watt’s up” (get it? Lamp -> lightbulb -> watts -> what’s up?). I also saw that at Marshalls, and LOVED it. Who knew that Hallmark is so clever?

I use these cards for every and anything. Congratulations, condolences, catch-up notes. 

3. Birthday cards. A birthday greeting on Facebook is nice, but birthday cards are even better! I have a set of birthday cards, and a couple of special ones I bought from Papyrus.

When I see sets I like and that I know are a good price, I stock up. One tip – when buying stationery, check out the design/quality of the envelopes. Many times discount stores have cute, super affordable cards for $2-$5 for a set of 10 or 15 cards. Sometimes, the envelopes are plain, white, and thin. I usually pass on these as I prefer colored and/or lined envelopes.

With the above 3 types of stationery, you will be prepared for 99.9% of normal stationery needs. Happy writing!

P.S. Here’s an easy way to remember the difference between stationery (paper goods) and stationary (standing still): stationery = paper.

1. Foundations – I haven’t had much luck with drugstore foundations, so for the past several years I’ve been sticking to more expensive brands. My first department-store foundation was Clinique’s Clarifying Makeup for the princely sum of $16, first purchased when I was a sophomore in high school. Currently, my favorite is Korres Ginger and Vitamin foundation ($28 at Sephora). It provides light to medium coverage and does a good job of smoothing out skin tones and concealing minor blemishes.

2. Mechanics – I found a mechanic that I think is pretty good, and I’ve been going to him for the past two years. Even though I’m sure I can cobble together some cheaper oil changes or routine check-ups, it just makes me feel better to have someone I know. Besides, I try not to feel too bad about repair charges. My car is old – it’s going to need repairs. Even if I spend $1,000-$2,000 a year on repairs, that’s still far cheaper than the cost of a new car.

3. Education-related items – Like mother, like daughter. I paid 1/2 of my test prep classes (almost $1,000). Mom paid for the other 1/2 of test prep as a graduation present. I also took my test twice at $250 per sitting. $500 seems like a lot of money to spend on anything else, but for my test I didn’t even blink. It’s almost as if my brain doesn’t register the “pain” that comes with spending, if the spending is in the name of education or self-development. Even if I sometimes define “education” very broadly, to include, say, tango and salsa classes (hey, they’re good for me, right?).

4. Location – I don’t live in the best neighborhoods, but I’m a little bit of a scaredy-cat and steered clear of places that looks uncomfortable or gives me a weird vibe during my apartment hunt. People walk their dogs and couples run with strollers on my street, that makes me feel like I picked a good spot. Safety is number one, so I don’t apologize for this.

5. Hotels – During college, I stayed at hostels for $15 a night in Europe. I’m several years removed from that experience now, and I don’t think I can ever go back. I like a nice King-sized bed, a convenient location, and responsive customer service. To accomodate both my inflated taste and my budget, I turn to Hotwire.com. I’ve booked the Westin, the Hilton, and the Omni through the website, all for 40%-50% off the listed price on the hotel’s website. Win – win.

What are your 5 things?

I didn’t used to automate savings, but slowly, I am taking the steps toward a simpler financial system.

My system is set up thusly: net pay (minus 401K, taxes, insurance premiums, etc.) is deposited into my savings account. I then manually move X amount into my checking account, usually twice a month.

Irregular income (blog revenue, bonuses, gift money, etc.) aren’t designated for anything, per se. I usually save 75% of the money, with the rest going to fun things.

Right now, the 3 biggies that I automate are:

  1. 401K. The easiest of them all. I don’t even see the money, it just goes away to the magical happy place that is Retirement Land.
  2. Car insurance. I’ve had an automatic debit from my checking account for a couple of years now. It works great.
  3. Student loan. Again with the automatic debit. I used to manually pay this bill online, but have overpaid by a couple of months because I forgot that I had made a previous payment that month. Because my loan is interest-free, there’s no point for me to pay ahead of schedule.

I don’t get any other recurring bills (utilities and internet are included in rent). I manually pay my credit card bill online because it fluctuates month-to-month, and I want to have the opportunity to take a look before I pay.

To what extent do you automate your finances?

June gloom is not only confined to coastal climate. Right now, I’m feeling under the weather when it comes to my personal finances.

May and June were pretty bad in terms of spending. In addition to my own spending on fun things, unexpected expenses just seem to crop up (hello $60 parking ticket and $90 medical bill), not to mention double rent for a month will kill your budget.
 
Normally, I’m really good at letting the sunk costs be sunken. I don’t ruminate over it. I see the charge, groan inwardly, then I pay the fine or the fee and I move on.
 
I don’t know why this month things have been weighing on me more heavily. I just feel discouraged.
 
Well, July is a brand-new month. Which means I’m going try to get back on track by:

  • Putting in $3,000 into 401K
  • Limiting restaurant meals to 3x a week. That’s it!
  • Giving up expensive ($25+ per person) meals. (I had a $80 dinner at a Michelin-star-rated restaurant in June. But it was worth it. Oops.).
  • Eliminating spending on clothes or shoes.

I, however, will keep have some personal pampering and fun by:

  • Taking dance classes for $60.
  • Getting a massage for $110.

Has anyone ever felt the “June gloom” of personal finance?

Or, all the money that went to College Board / ETS and GMAC over the years.

As a veteran standardized-test-taker who have recently (and happily) said goodbye to standardized tests, I’ve decided to take reader S’s suggestion and tally up all the money that went into this little 1-person enterprise of standardized test-taking.

The numbers will be an approximation (to the best of my memory + googling) for the tests I took in high school.

  • 10th grade: PSAT:
    Cost to take: $10-$14 (?)
  • 10th-12th grade: Advanced Placement Tests (5 total)
    Cost to take: $135 each = $675 total
  • 11th grade: SAT I (taken twice – I might be showing my age, but when I took it the full score was 1600, not 2400)
    Cost to take: $25 each = $50 total
    Cost to send top score to colleges (12 colleges) = $8 each = $96 total
    Test-Prep: $0 – my high-school counselor somehow got me into a class that a prep organization was doing as a pro-bono project.
  • 11th grade: SAT II (3 tests, each taken twice)
    Cost to take: $25 each = $150 total
    Cost to send 3 top scores to schools: $8 each = $18 total
    Test Prep: $500-$1,000? I was sent to tutoring every day after school for a couple of months.
  • Post-college: GMAT (taken twice)
    Cost to take: $250 each = $500 total
    Test Prep: ~$1,800 – this includes a formal 9 week prep class and a couple of additional workshops.

Adding up all the numbers… comes to out to around $4,000. Just on testing and test-prep alone.

There are some people who are innately good at standardized tests. They study for two weeks and get a 99.999th percentile on the first try. They are the ones who get 780s on GMATs and 176s on LSATs. (Yes, I know people like them. I try not to hate too much. ;) ).

Then there are people who really struggle with standardized testing in general – they may be very smart individuals who are just not good at these types of tests.

I think I fall somewhere in the middle – I usually score better than median on the diagnostic just as a benefit of the education I have received to date (and as an avid reader my verbal skills tends to rank fairly high off the bat), but I definitely need to study over a consistent period of time to get a good score.

That’s where test preparation (and the financial resources it required) has helped me a great deal.

Parting is such sweet sorrow – except in this case.

Finally took my test today.

Before the test and during breaks, I kept repeating to myself – just do what you know how to do. I knew that if I just did the questions that I know how to do – if I just performed at my ability, I’ll get a score I’m happy with.

And I did. 95th percentile! Not the 98th or 99th percentile that I know people gun for, and frankly I could’ve gotten a few percentiles higher in the Verbal section (although I did much better in Quant than I thought I would) – but you know what, it’s okay. I’m truly happy with what I got.

Hey, I won’t be lowering the average of any school. :) This brings me a HUGE sigh of relief. The score is good for five years, so I won’t have to worry about it again.

Speaking of standardized testing, it’s been a long road paved with study guides, prep books, and three-ring-binders full of notes and practice problems…

Here are all the standardized tests I’ve taken throughout the years (not including state-mandated testing):

  • 10th grade: PSAT, AP European History
  • 11th grade: SAT (twice), SAT II Math Level I (twice), SAT II Writing (twice), SAT II US History (twice), AP US History, AP Statistics, AP English Language
  • 12th grade: AP English Literature, AP Calculus AB
  • College: Blissful, standardized-test-free four years
  • Post-college: GMAT (twice)

Now I’m DONE. Standardized tests, we’ve had our time together, but it’s time to part ways. Truly.

A Lot Like Love

Tonight, I watched A Lot Like Love starring Ashton Kutcher and Amanda Peet.

(spoiler coming up)

Towards the end of the movie, Ashton’s character was talking to his brother about his sad status in life: he’s almost 30, unemployed, and living with his parents. His life looks nothing like how he envisioned it would be seven years ago. He has fallen in love with Amanda’s character, but he has promised himself that he wouldn’t pursue a relationship until “all his ducks are lined up”.

Then his brother said (or signed – he’s deaf) something very wise:

“This is your life. Right now. It doesn’t wait for you to get back on your feet.”

How many of us given up on being happy or fulfilled because something that we expect haven’t happened yet, or because our relationship or career or financial status isn’t where we wanted to be? I’ve been guilty of this – I’ve said, I’ll be happy when XYZ happens. But life doesn’t stop until you get all your ducks in a row. And even after you get your ducks in a row, you’re probably eager to get more ducks to add to your row until you achieve (the illusive state of) total duck domination.

…Anyhow, that line in the movie just made me think about what we put off, what we work for, and how we try to find happiness through achievement or acqusition. Like most PF bloggers, I think I take good care of my finances, but it’s equally important to take care of my personal well-being. Because life doesn’t stop while you’re trying to figure out your relationship or career, or pay down debt, or get into school, or save for a house.

On another note, I don’t know why I’ve been seeing so much wisdom in so pop-culture lately. In the past few posts, I’ve written on Britney Spears, Twilight, and now A Lot Like Love.

Now you can all judge me for my choice of music, book, and movies. But I’d appreciate it if you didn’t. :) Besides, it’s just not as fun tying The Scarlet Letter or Mrs. Dalloway to Some Bigger Picture. It’d seem too much like school.

Blueberry?

Blackberry?

Strawberry?

Raspberry?

Cherry?

As I speak I am munching on a bowl of blueberries ($2-something per box at Trader Joe’s). Balance out the cookies I’ve had earlier, I say. :)

Last Twilight post

Okay – this will be my last Twilight detour, I promise!

(might have spoilers below)

So today I borrowed Twilight and Breaking Dawn from a girlfriend. I thought that Breaking Dawn seemed so convoluted that I didn’t really bother to read all of it, just enough to get the happily-ever-after, vampire-style. As a fast reader and a ruthless skimmer, I pretty quickly went through Twilight’s 400+ pages.

Stephanie Meyers really hit on a captivating storyline – I was very intrigued by the whole premise of the Edward-Bella (vampire-human) love story. But all the way I keep thinking, I really wish there was more character development (at the risk of sounding like an English teacher), especially in Bella.

I can’t really understand the love story between Bella and Edward – why does she love him so much? How can we tell it’s different from teenage infatuation? She is intoxicated by his physical beauty, and is grateful that he protects her… but what else? The love story seems a little more believable from Edward’s standpoint, only because he’s had 90 years as a vampire to understand himself (and really, who knows about vampires? Meyers’ characterization can be just as right as anybody else’s) – but Bella? I get the chemistry, I get the attraction, I just see Bella’s feelings for Edward as more passionate infatuation than deep, abiding love.

To be fair, although Meyers didn’t go into much of what happens after Bella becomes a vampire, it’s conceivable how her passion for Edward could develop into long-lasting love – whether bound by their experiences as vampires, or that they now have a baby, or that they will grow old stay young and unnaturally beautiful together.

But then again, Romeo and Juliet didn’t have time to develop a great, lasting, deep and abiding love either. Obviously, in fiction, lasting love is not necessary for the makings of a Great Love.

The best love story I’ve seen in a long time, portrayed by Hollywood, actually comes from Up. The first part of the movie is the best – bring tissues. Because you will tear up. (I spent the first 15 minutes of the movie trying to hold back tears because I will not cry in an animated movie!)

I finally got a hair cut this past weekend. It came out to be around $55 with tip, is very reasonable. My stylist, “Holly”, gave me some nice long layers and a saucy flip (though unfortunately only achievable through a professional blow-dry).

She was really chatty and friendly, and somehow the conversation turned to finances and the recession. I asked her about the business model of hair salons – apparently, some stylists work on commissions and receive clients through the salon, others are solely renters who pay the salon a weekly rent and recruit their own clients.

Holly said that she used to work as an assistant stylist in a very upscale salon in a very upscale part of town – where a week’s rent for a salon space is $800! Of course, the cut and treatments at that salon can range from $300 and upwards. On the good days, Holly said, her boss (the main stylist) would net $1,200. A DAY.

Of course, when the recession hit, bookings fell. They noticed that the clients are spacing out their appointments more and more. Instead of coming back for a trim or a new ‘do every 2 months, clients might be waiting until the 4th or 5th month mark. I also imagine that many people would bypass the more expensive treatments like hair color and perms and settle for a simple cut and blow-dry. All of this cut into their profits.

That’s why Holly decided to move to her current salon, which operates on a lower price point (think $50 per cut instead of $400+) and is located in a less swanky area. Her per-cut take is much lower, but the increased sales volume makes up for it.

Another real-life example of market pricing. Love it!

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