Festival of Under 30 Finances – Money & Love Edition

March 9, 2007

Welcome to the Festival of Love, otherwise known as the Festival of Under 30 Finances. We had some interesting questions to this week’s question, “What is the worst money move you’ve made either because of or in spite of LOVE?”

Wanda, “I spent $550 on cell phone bills over a span of 2 months. I was in a long-distance relationship at that time, and when my parents found out they were quite displeased. I paid the bills and didn’t feel really sorry. But now that I think about it, it’s ALOT of money. Still, it’s water under the bridge now, and I think I’ve learned my lession: LDRs are expensive.”

Nina, “Lessons learned: always have a financial exit strategy in relationships.”

Aridni, “I bought my first property with my husband out of love for him… now I’m addicted.”

Living Almost Large, “My best and worse money moves were predicated for love”

ISPF, “I turned down a very lucrative job offer so that the better half and I could stay close by. Financially, it was a bad move. Emotionally and relationship wise, the best one! Money, just cant compete with love (boy, that sounds cheesy even to me, but it had to be said :)

Wenchypoo, “Worst money move: letting my new husband drive my 1967 Camaro in the snow – he wrapped it around a guard rail and that was the end of an asset that is probably worth $25k today. That’s what happens when you get married, are all giddy in love and hormones, and find out later that neither one of you are capable of balancing the checkbook…except on your nose! We rode the bus for awhile until we saved up to buy another car at auction – we also went to an all-cash lifestyle. GEICO would probably thank me for losing the Camaro, gaining a cash-paid Buick, and paying the annual insurance in advance.”

English Major, “I managed the process of moving in with my boyfriend from across the country. It was kind of unavoidable (his existing lease would run out just as I was getting back to New York from school), but it still meant that I didn’t always have the most up-to-date information or hands-on control of the financial process. Because of some vagaries of the apartment-hunting process, he still owes me about $1,000 that’s (still) tied up in his last apartment’s deposit.”

There were a wide variety of entries in the Festival, here they are listed by categories: Love & Money, Investing, Taxes, Saving Money, Credit Cards, Real Estate, & Other

Love & Money

Nina Smith presents Sleeping with Money: Safeguard Finances Before The Break-Up posted at Queercents

living almost large presents My Best and Worse Money Moves posted at Living Almost Large

John presents Sleeping with Money: Lessons Not Learned from Sex and the City posted at Queercents


InvestingWilson Ng presents Profits Straight to the Bottom Line posted at Reflections of a BizDrivenLife, saying, “Understanding the financial cost structure of the company, in optimizing the profit bottom line.”

H.S. Ayoub presents Sirius Buys XM Radio: What Should Investors Do Now? posted at SciTech Investor.

Larry Russell presents The Solution – ONLY follow financial strategies that are scientific, passive, diversified, savings focused, risk controlled, low cost, and tax efficient posted at THE SKILLED INVESTOR Blog, saying, “In general, individuals will benefit greatly, if they decide ONLY to follow financial and investment strategies that are: a) scientifically grounded, b) completely passive, c) thoroughly diversified, d) savings focused, e) risk adjusted, f) cost effective, and g) tax efficient.”

Ybother presents Top 10 Reasons Wall Street Gives for the Stock Market Correction posted at TodaysTen.com: Daily Top Ten List to jumpstart your knowledge, saying, “Why did the stock market fall so suddenly and by so much? Wall street tries to explain”

John1212 presents Hedge fund investing guide 101 posted at OhCash.com.

Wanda presents 401(k) choices: Vanguard vs. T. Rowe Price? posted at Wanda, saying, “I spent $550 on cell phone bills over a span of 2 months. I was in a long-distance relationship at that time, and when my parents found out they were quite displeased. I paid the bills and didn’t feel really sorry. But now that I think about it, it’s ALOT of money. Still, it’s water under the bridge now, and I think I’ve learned my lession: LDRs are expensive.”

English Major presents Ouch: Experiencing Volatility posted at An English Major’s Money


TaxesBill presents Saving On Taxes posted at Ask Uncle Bill, saying, “It’s not brain surgery.”

Bill presents Taxes and the Three Martini Lunch posted at Ask Uncle Bill, saying, “it’s that time of year.”


Saving MoneyMatthew Paulson presents 25 Realistic Ways to Spend Less and Save Money in College. posted at Getting Green.

Ybother presents Top 10 Money Tips For Almost Everyone posted at TodaysTen.com: Daily Top Ten List to jumpstart your knowledge, saying, “10 tips for almost anyone. Motivates you to get interested in your money!”

Silicon Valley Blogger presents Are Mail-In Rebates Worth The Hassle? posted at The Digerati Life.


Credit CardsSagar Satapathy presents Little Known Facts about Credit Cards posted at Credit Card Lowdown.Mr Credit Card presents Joint or Seperate Credit Card Account? posted at Ask Mr Credit Card’s Blog


Real EstateAlex at The RE Forum presents Refuting “Facts” at RealtyTimes.com posted at The RE Forum, saying, “Real estate myth-busters, real estate news and trends for first-time home buyers and first-time home sellers, financial incentives”

Super Saver presents Is It Time To Buy Real Estate? posted at My Wealth Builder

Michael Cook presents How to Find the Right Mortgage posted at Suite101: Buying/Selling a Home articles.

Michelle presents How to purchase a rental property posted at Aridni


OtherWenchypoo presents How I Create (and Re-Create) My Own Kitchen Convenience posted at Wisdom From Wenchypoo’s Mental Wastebasket

FrugalTrader presents Reader Comment: Newborn Baby Expenses! posted at Million Dollar Journey.

Nenad Ristic presents Money Conciousness » What is Money? posted at Money Conciousness.

Thanks for reading, be sure to check out the next edition of the festival over at Money Crashers. Have a great weekenend!

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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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