Sunday, April 29, 2012

LESSONS FROM MY MOM

While she took me to the bank to open my first bank account, and encouraged me to get my first job, my mom didn't ever formally sit down to speak with me about money. It was probably in part because she thought she didn't know very much herself, but mostly I think it's because she underestimated both her influence on me, and the value of the financial lessons that she could have imparted directly. I even remember her once saying something to the effect of, "well, that only matters when you actually have money." But I did learn a lot from her with respect to financial management. I might not have learned the intricacies of investments and retirement planning, but I did learn the importance of priorities.

For much of my childhood, we were really poor. At least, I felt really poor compared to all my friends. For a few years immediately after my parents separated, we received Welfare as my mom struggled to put her life back together. For reasons beyond her control, after my parents split up, my mom, my sister and I continued to live in the house in the suburbs that my parents had bought together. This afforded me the opportunity to grow up in a safe neighbourhood and attend great schools, but also made me feel desperately poor relative to the other kids.

While my mom never purchased a new sofa set, she bought me a saxophone, and a clarinet, and music lessons. While she asked me to forgo $3 pizza lunches at school, she paid for my trip across the country with the 7th grade band. While she never took us out to restaurants, she always made sure to put healthy meals on the table. She paid for my tutors and dance and synchronized swimming.

It's not that I wasn't aware of the tremendous sacrifices that my mom made to raise my sister and I, but I do wish that my embarrassment at my perceived poverty hadn't dominated so many years of my childhood. Now I know that so many kids grow up in much poorer circumstances, but back then all I was aware of was that I was embarrassed by how poor we were compared to everybody else. I remember making things up in my head over the holidays, so that I'd be able to contribute when everyone was reciting long lists of gifts.  I was embarrassed by my second-hand clothes. I was embarrassed of my mom's old cars. I was embarrassed of our run-down furniture, unmanicured lawn, and kitchen cabinets that threatened to fall off.

Now I wish I could go back and give kid-me a big hug and tell myself that my friends wouldn't have minded, and it really wasn't even nearly as bad as I thought. I wish I could go back and give my mom a big hug and thank her for what I learned even when she thought she had nothing to teach. I would thank her for showing me the importance of living within my means and avoiding debt. I would thank her for showing me how to save money on the frivolous to afford the things that mattered. I would thank her for showing me that experiences are more valuable than possessions. I would thank her for showing me that you can be generous to others, even when you have nothing for yourself. I would thank her for showing me how to give myself permission to spend money without feeling guilt when I started earning my own.

I would thank her for giving me a childhood rich of experiences, love, and support even though we were financially poor.

My mom would have been 58 today. Happy birthday, Mom!

Saturday, April 28, 2012

BIRTH CONTROL: IT'S CHEAPER THAN A BABY


If you choose to use contraception, your decision about which method to go with should definitely be based on your doctor's recommendations and what works for you, but with a wide variety of birth control options to consider, cost might very well be a factor in your decision.
I’ve pulled together prices of the contraceptive methods that I personally considered, but there are others out there that might work for you. Of course, the costs of birth control methods can vary widely depending on the brand, availability of generic drug options, and any fees you might have to pay to your health care provider.  Also, private health insurance might cover some or all of the cost of certain methods, so the actual expense incurred could be a lot less.



Combined estrogen-progestin contraception                         Annual Uninsured Cost ($)

Oral contraceptive pill
180 - 300

Transdermal contraceptive patch (patch)
300 - 650

Vaginal contraceptive ring
300 - 650




Progestin-only contraception


Progestin-only pill (mini pill)
240 - 480

DMPA (shot)
100 - 150




Inrauterine device (IUD)


Copper intrauterine device (coil)
30 - 40

Hormonal intrauterine device
75 -90

 
I’d previously been on a few different brands of combination pills, and although I tolerated them well, I preferred a method that didn’t mess so much with the endocrine system. I wouldn’t want to go choosing the wrong man, after all!
However, the main reason I wanted to move away from the estrogen-heavy hormonal methods was because my doctor and I were concerned by the slightly increased risk of blood clots and stroke associated with the combination pills since I’d previously experienced clots in my eyes that cause me to temporarily lose my eyesight.  Scary stuff!
I switched over to a progestin-only pill, but experienced annoyingly irregular and heavy periods, and didn’t stay on those for very long.
About a year ago, I got the Mirena. For those that don’t know, it’s a little T-shaped piece of flexible plastic that’s inserted through the cervix into the uterus (ouch!).  It’s estrogen-free and releases only very small amounts of a progestin hormone (levonorgestrel) locally into the uterus.

While insertion completely sucked (I got a preview of what contractions feel like!), I’ve been really happy with my choice since then. I’ve read horror stories from others, so what works for me clearly doesn’t work for everybody. 
My IUD  cost me $384, but be aware that retail pricing can vary between pharmacies. I just called around to a bunch of different pharmacies, and the prices I got across the Toronto area ranged from $380 to $430. In other parts of the province and country prices are $500+!  

I didn’t base my decision at all on cost, but it turns out that I do save a lot of money compared to other methods. My insurance didn’t cover the cost of the Mirena, but I paid $384. Since it lasts for a maximum of 5 years, the yearly cost is about $77. As long as I keep it for 3 years, I'm saving compared to the pill. Even with insurance, the total co-pay (approx. $10/month) on the pill could still end up costing me more over the 5 years.

A bonus is that after about 4 months of pretty constant but very light spotting, I rarely get my period and when I do, it’s really light and doesn’t last long. I no longer have to buy tampons, so that saves me even more money (approx. $75/year).

So turns out my birth control choice saves me dollars, not cents


Tip: For all your prescription needs, check out pharmacies in lower income areas since they tend to have lower mark-ups. If by doing this you shave a few bucks off each of your monthly prescriptions, you could be saving hundreds of dollars per year!

From around the web:
Good question: if you're in a relationship, do you share the cost of birth control?

Snow White birth control ad

Hilarious reactions from men to watching a vasectomy video

Funny condom commericial

Have you heard about spray-on condoms?!

Why the Catholic church considers birth control intrinsically evil
The birth control burden in America (PDF)
Good analysis of the price elasticity for contraception (PDF)

Sunday, April 22, 2012

I'M NOT A HOARDER, I'M JUST GREEN


I'm in the middle of spring cleaning, and there are certain things that I have a really hard time getting rid of!

I'm totally hooked on scented candles, and I have a whole bunch of glass containers full of leftover wax. I found this simple guide to up-cycling that left over wax into new candles.

I didn't know how to get the wax out of the jars, so I put them in my freezer for a week. Well, that didn't do anything at all! So I put the jars in a pot with boiling water and the wax came out super easily! I took one of my old candle jars, rimmed it with gold glitter, and now I have a pretty place to store my make-up brushes!

While I had the glitter out, I used it to turn this ordinary green wine bottle into a sparkly vase!








 Since I still have a whole stash of glass jars that have been collecting dust, and in honour of Earth Day, I've rounded up a bunch of really simple re-uses to justify my hoarding tendencies.





These spice jars from anthropologie are really cute, but at $10 each, I'd rather make my own!

A few baby food jars from my momma friends, some chalkboard paint or labels, and voila!

I actually saw chalkboard sticker labels just like that at Dollarama a while ago. But you can also find them on Etsy or if you're feeling particularly crafty you can make your own!


Here is another quick and easy way to re-purpose those old glass jars. They make great vases, but I think they're also great for storing pencils and make-up brushes!

Since I'm a fan of all things gold and shiny, I'd probably try this out with some metallic spray paint!



I also love this pretty rainbow of tinted jars!

Vintage blue Mason jars are such a hot item nowadays, but they're expensive and nearly impossible to find.

What an easy way to make your own!





Or maybe I'll just hit up the bulk food store! Isn't the use of a mix of jars to store ingredients on open shelving so simple yet pretty
Want more inspiration? Here are 50 more great uses for glass jars!

Now I just need to find a clever way to use up all those old pill bottles I've been saving...  

Happy Earth Day! 

Friday, April 20, 2012

MY EXPERIENCE: INTERVIEWING THEM INTERVIEWING ME

So you’ve responded to every job posting under the sun, and you’ve finally gotten a call back for an interview. Now the panic sets in! What should you wear? What will they ask you? What will you ask them? Should you show up 5 minutes early? Or maybe 15? How the heck are you going to fool anyone into thinking you’re at all qualified?

Source

Job interviews can be so nerve-wracking!
I remember my first round of interviews for “real” jobs when I was an undergrad. I bought a suit, spent time making up scenarios in which I had used my super-duper conflict resolution skills behind a pizza counter, and then spent a whole lot of time googling “weaknesses that are really strengths”!
I still get nervous when I get called in, but I’ve picked up some strategies that I find makes the whole thing a lot less daunting.
The single most important thing was to completely shift my perspective on what the interview is all about. Now they’re no longer interviewing me, I’m interviewing them! I thought interviews were all about me: my skills, my experience, my need to prove myself, and my ability to give the right answers to all their questions. The employer held the job and the power. Now I look at the situation differently. Rather than selling myself, I use a few strategies to get them to start selling me on the job.
Pretty much every interview starts of with: “So, tell me why you’re interested in this job.”  It seems simple enough, but when I first starting interviewing, I absolutely dreaded this question. I’m interested in this job because you’re the only one that called me back for an interview!  I’m interested in this job because it’s a job, and I need one! I’m interested in this job but I really have no clue what a “junior policy analyst” does and I never even heard about your organization until I sent in my résumé!
Now I usually try to pre-empt the question all together. Before they have an opportunity to ask me anything, I ask, “why do you think I’m a good fit for this position?” You did call me in, after all! Now the interview is off to a great start as I sit back and listen to the interviewer highlight my strengths. Once the interviewer has told me how great he thinks I am, I usually ask some variation of “can you tell me more about what I’ll be doing?” I ask "what I'll be doing" because I want the interviewer’s response to be in the form of “you’ll be doing X, Y, and Z” rather than, “well, if we hire you, you could be doing…” I want the employer to picture me in the job, and not just give me the job description.
In advance of my interview, I decide which points about myself I want to make absolute sure that I convey to them before I walk out the door, no matter what. These key points will be based on two things. First of all, I want to make sure I convey my most impressive skills or experience. Secondly, I want to make sure I link my strengths to what the interviewer is looking for.
Sure, maybe I haven’t done anything but work in a call centre, but “I spent much of my time at Company A responding to queries from the public by phone, which is relevant since you mentioned that my work will involve calling clients.” Are those two things really linked? Sure, I just told you my experience is relevant. Ok, I have no work experience other than babysitting, but “I am used to responding to demands in a fast-paced environment, because a hungry toddler will get you moving fast! I know that’s a skill that will be important when I’m working here.” It’s important. Really. I just told you so.
Then there are those interviews that are more structured. The kind where you’ll get questions like “tell me about a time that you had to manage competing priorities”. In those situations, I still refer to my list of key points and link it to the prospective job.
“I spent much of my time at Company A responding to queries from the public by phone. Since I was also responsible for cleaning the break room each day, it was important that I could effectively manage those competing priorities. I figured out that it was best to clean the break room at the end of my shift because that was getting close to dinner time when we didn’t receive many phone calls. That experience is relevant since you mentioned that my work will involve calling clients as well as organizing files, so I know that I can manage those priorities.”
Two simple tasks like answering phone calls and cleaning the break room might not seem like “competing priorities”, but it doesn’t matter. Work with what you’ve got! We have the tendency to undervalue our skills and experiences, but the language we use matters. I just told you they’re competing priorities, so that’s what they are. I just told you that I could effectively manage them, so I did. All my irrelevant experience suddenly is relevant because I said so.
I’ve made sure to mention all my key points and the interviewer asks, “do you have any questions?” If I don’t have anything else to ask about the actual job or company because all my questions were answered during the interview, I say, “I’d really like to hear about you!” I ask how long they’ve been with the company. I ask what they like about working there. I ask about their biggest stressors. Then I wrap it up: “Thank you so much for your time. It was great to hear your perspective about working at Company B. It’s a place I’d definitely like to work! When can I expect to hear from you?” Because after rocking that interview, I definitely expect to hear from you!
What interview questions really freak you out? Do you have any interview tips or tricks?

Check out these links from around the web:

"Dumb" interview tips straight from a head hunter.
20 questions to ask employers.
10 interview questions designed to trick you!
How to dress for a job interview depending on your field.
And more on interview attire.

Sunday, April 15, 2012

TRAVEL PORN

With summer coming up, I wanna make sure you all know about airbnb! It's a site where you can find accommodations all over the world for anything from a couch to crash on for a night to you very own private island! Last summer my friends and I rented this great apartment in Montreal for a long weekend, and it was so much cheaper and more comfortable than a hotel. 

In addition to making it super easy to find affordable apartments to rent for vacations on a budget, I can spend hours looking at destinations I'd love to travel to.

Imagine waking up to a view of the pyramids!

I think renting an apartment is so much more fun that staying in a hostel or hotel because you get to pretend you're a local as you walk out the door!

I'm doing some traveling this summer, and one of my stops is Scotland! (have you been?)
I've been searching the site and day dreaming about staying in some of these gorgeous places.
This Edinburgh flat looks to bright and cheerful!

How romantic would it be to stay in this castle?
Or wouldn't it be nice to come down to breakfast in this kitchen!
I've always thought that staying in a lighthouse seems like so much fun!





 What are your travel plans this summer?

Wednesday, April 11, 2012

MY EXPERIENCE: WORKING DURING UNIVERSITY

About a week before winter holidays when I was in the first year of undergrad, I found myself with only 7 bucks left in my bank account. I went to the campus store, and bought a jar of peanut butter just so that I could pay by debit and get cash back. It was a Friday night, and I needed $5 to pay cover at a bar that my friends were going to. I spent the next week licking peanut butter off a spoon for breakfast, lunch and dinner, and after the holidays, I got myself a job.
For the next year and a half, I worked the lunch rush at a pizza shop. It wasn’t very glamorous, but I earned a little over minimum wage and got a free lunch at each shift. When I first started, I worked 3 days per week, but later when my class schedule allowed it, I worked Monday through Friday. A few months into working there, a customer and the manager of a nearby movie theater asked me if I wanted to work there, too. I don’t remember why I took it, but I guess I was just tempted by the extra cash and free movie tickets. The shifts were really flexible, and they were more than happy to have someone who only wanted to work 2 or 3 nights per week. They had no problem letting me book off full weeks at a time if I needed to for exams, and I always knew that I could just quit at the drop of a hat if I ever wanted to.
So for most of the first two years of my undergrad, I worked 25 to 35 hours per week at the pizza shop and movie theatre. I only had 16-20 hours of class each week, so the majority of my time was flexible, and I managed to work, study, eat, party, and sleep around that with time to spare.
Did I need to work two jobs through school? Probably not. Scholarships and loans were covering my tuition and living expenses, but the extra cash allowed me to go ahead and spend pretty freely.
I have worked two jobs pretty much ever since. It hasn’t benefited me just in terms of money. I was in the co-op program at my school, so I got my first “real” job during the summer after 2nd year.  By the time I finished undergrad I had quite a bit of relevant experience and a few publications to boot. That meant that as my undergrad career was coming to a close, I knew that I wouldn’t have trouble getting into grad school, or getting a job. Yeah, I was hearing all about the climbing rates of unemployment among recent grads and how competitive grad school could be, but I was able to shrug that aside because I knew that it didn’t apply to me. I did the same thing for grad school by choosing a program with a practicum requirement.
I remember hearing from quite a lot of my peers’ parents that their kid’s job was going to school. And ok, but I think that does them a bit of a disservice. Well, at least if they were hoping that post-secondary education was gonna get their kid a job after graduation… Employers like relevant degrees, and relevant experience, and the more competitive the job market is, the more important it is that you have experience that differentiates you from all the other people who have that same degree. 

In life there are a lot of unknowns, but there are also a lot of knowns. It’s like the people who keep opening furniture stores in my ‘hood. I’ve lived there for 3 years now, and I know that the market just can’t possibly sustain any more furniture stores. Sure, business can sometimes be a gamble, but there’s no need to go into it completely blind. If you knew 5 stores selling mid-century modern furniture had opened and tanked within a few months, would you decide to open another? I know that very few things in life are a guarantee, but with a series of conscious decisions, I think that it’s possible to stack the deck in your favour. When I applied to university, I only applied to programs that offered co-op. And that was a guarantee that I’d have relevant work experience by the time I graduated. If there are no student jobs in a field...there are probably no jobs waiting for you when you graduate!
People definitely thought I was crazy back then in undergrad, and they thought I was kinda crazy when I worked two jobs right through my master’s. But I still got good grades and had some semblance of a social life. Sure, sometimes I got pretty stressed out, but so did everyone else. Even the ones who weren’t working. I’m no super human, school work has never come easily to me, and I’m not even a particularly hard worker. To be honest, I’m pretty lazy. And that’s exactly why I made choices that would make things easier on me. Co-op office to help me find relevant jobs? Cool! Practicum placement officer to hook me up with jobs in my field? Awesome! Whoa, job hunting can be kinda easy when you have experience and contacts? Good to know!
Juggling work and school might not be easy, but for those that want to make it happen, here's some advice:

- If you can, do co-op! Everyone I know who did co-op in undergrad was working straight out of school. These jobs generally pay well, and you'll make contacts in your field. Co-op is also a great way to find out what you do and don't like, since if you end up in a job you hate, you know that it's only gonna last a few months. I actually ended up entirely switching fields (economics to epidemiology) based on my co-op experience.

- Can't do co-op? You can still find a job that is in your field! Talk to your profs, email the department head, contact people at companies you might want to work for when you graduate! Don't just ask for a job, but set up "information interviews" and ask for advice about how to get started. You might be surprised at how willing they are to help!

- Devote your most productive hours to school work, and find a job that works around that. I've never really liked to study in the evenings, so my movie theatre job was a good fit.


- Find out if you qualify for campus jobs or other work-study programs, since they'll be most likely to work around your schedule.

- Don't want to work while you're taking classes? Then work during the summer, but get that job lined up early!


- Worried your grades will suffer? Start by working just a few hours per week, and add more if you're comfortable. As I mentioned above, I worked a lot during my first couple years of undergrad, but during my last term when my course load was a lot heavier, I only worked 7!


Did you work during school? Did it affect your grades? Did it help you find a job after graduation?

Saturday, April 7, 2012

MARCH EXPENSES

I hope everyone is enjoying the long weekend! I've been getting some work done, enjoying the sunshine, spring cleaning, and now finally getting to posting an update.

Life has been hectic but productive lately. In addition to working on wrapping up my big research project at work right now, work at my part-time job has been picking up too. My part-time job as a research assistant is hours worked, hours paid, and usually there's a pretty constant stream of work, but I didn't get any for January and February. Well, when it rains, it pours. Between that work, some hot dates, and watching back-to-back episodes of Breakout Kings on Netflix, I haven't gotten to writing anything for the blog. Kinda bums me out because I have so many topics I want to write about! I'll get to those eventually, but now it's time to get to my March expenses.


My March pie isn't very exciting, since it's pretty similar to last month.
I did spend many hours and a few hundred dollars at Ikea, and bought some of the furniture I'd had my eye on for a while. I also finally picked up a frame for this great old school tattoo shop poster I bought months ago from PosterGods.com.
Do you guys now about that site? They have a huge selection of posters and some cost less than 2 bucks! I've bought flower prints for my bedroom, and this cute vintage-looking tin sign for my kitchen. I'd love to pick up some more of these vintage posters. They also have a good selection of maps for a lot cheaper than I've seen elsewhere. I have this modern black and silver version up in my living room.
Need a life-sized standup of President Obama dressed as a superhero? Well, they've got that too!

I spent even more in cash that I didn't track, but I lost my metropass about 5 days into the month :(((( Had to remind myself about sunk costs there.
March was also full of birthdays (including mine!) and then there was St. Patty's Day, too. All of that amounts to a whirlwind of cash flying every which way. I took a look at my pile of receipts and decided not to even bother. I may come back to this when I'm feeling more detail oriented :)

Because my part-time job is hours worked, hours paid, and I work it on my own schedule and from home (ya, kind of a sweet deal :), sometimes when I'm trying to decide what is worth doing, I consider that opportunity cost (this is a fairly straightforward overview of that topic). Any hour I spend doing anything else is costing me the $25 I could be making by doing an hour of work. It sounds kinda horrendous to think I'm basically paying a hundred bucks to enjoy a long weekend afternoon in the sunshine rather than toiling away at my research, so I just don't think of it that way! Instead, it's more helpful when I'm considering spending a couple hours in the evening watching TV versus earning 50 bucks. I have given myself a little motivation to put those hours in, since I decided that the first $300 I earn with this little chunk of work will go towards my new spring/summer wardrobe! I got a little head start on that one, and bought these adorable sparkly leopard print shoes the other day at H&M :)



So taking a look at the goals I had set for March, I obviously didn't do any better on tracking my cash spending...but I may come back to update this when I take a moment to tally my receipts. I do think I did a better job of collecting them at least. It's neat how quickly that became habit whereas before I'd just wave the receipt off or toss it in the bag. Now I'm slipping it into my wallet much more often than not.


Last month I did accomplish one of the goals I'd set. It took me less than 5 minutes, and I set up a monthly donation to come off my credit card to go to POGO. That's the Pediatric Oncology Group of Ontario. I spent some time thinking about where I'd like my donation to go, and there's certainly no shortage of worthy causes. I knew I wanted to choose an organization that was relatively local, and then I remembered hearing about POGO when a speaker came to my Cancer Epidemiology class last fall. There were definitely tears in my eyes as he spoke about the hardships as well as the strength and courage of childhood cancer patients and survivors. What I love about this organization is that they support the kids as well as their siblings and parents in every way you can think of. They provide meals and accommodations for families that have to travel away from home for their child's treatment, and they'll even send someone in to talk to the child's classmates so that they can share understanding about why he is missing school, or losing his hair. While I haven't been directly affected by childhood cancer, so many people have, and it simultaneously breaks and warms my heart to hear about what this organization does.

From their website:  
Every year over 400 children in Ontario are diagnosed with cancer, and at any point in time, over 4,000 children in this province require cancer care.  While 82% of children survive, over 60% of them will face physical, cognitive or psychosocial late effects.  While other organizations that help kids with cancer focus on a particular aspect of the child's cancer journey, POGO is there every step of the way.

Happy Easter! Chag Sameach! xo