9/30/2008

College Kids and Credit Cards

Did you fall prey? Did they get you already? Was the lure of the 2-liter of Coke / Frisbee / T-shirt / hat too much? Did you sign up for a credit card on campus? These vultures are impossible to miss on college campuses today. Tents up and down the main thoroughfares, tables lining the busiest walkways - all hoping that their combination of peer pressure, free stuff, school pride, and constant bombardment will get you to do something that you would not have normally done. Oh yeah, it's warfare out there. Psychological warfare - And it works.

The university gets a big payday out of it, the credit card company gets the fees out of your transactions, the slouch signing you up gets a kickback per app, and you get the promise of all the magic and wonders that come with carrying their card. For college freshman, it is particularly troublesome - new place, new people, new experiences, new, new, new, and no parents.

Did you get one? Did they sign you up so that you can "get a house one day and take care of your family"? Or was it the line about "how great they are for emergencies"?


If the answer is yes, then here is some advice:

Cut that sucka up.

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9/28/2008

Carnivals / Festivals

This week we were included on three carnivals and festivals. If you enjoy our posts, then share them! In addition to the old links on each post, we've added an AddThis button that includes many of the popular link sharing sites. Give it a try. Thanks!

We are pleased to welcome all new readers, as well as new carnivals to Not the Jet Set. To find out more about us, click here. We are a personal finance blog focused on frugality, stewardship, and current events, while also telling our story as a family and the personal finance decisions we have made. Thanks for stopping by and be sure to check out our NtJS Cafepress shop!

On with the round up...


Make It From Scratch! Carnival: Chez Artz hosts our group of experimenters, cooks, and crafters this week and included our ReUse It post on babylegs (these are really cool, especially if you cloth diaper). Here is another post that I enjoyed:
  • I'm picky about my salsa, but Out of Debt Again's method sure comes out looking right and reminds me of how we used to do it.

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9/26/2008

Cloth Diapering Update

Back in July, we celebrated our independence (from disposable diapers) by making our cloth diapering spreadsheet available for free. During that time, 38 of you downloaded our Cloth Diapering Lledger. Yeah for you! For those of you using it, we are eager to hear your feedback. For those of you who didn't download it - sorry, but that offer is over.

[cue sad music]

Fear not, fellow cloth diaperers, all is not lost. In fact, you have something to gain...

Huh? How's that?! That little green button on the right, that's how. Open an RME account (Paypal competitor, and our preferred method of payment) and they'll drop $25 into your account. Netting you a cool $24.01. Not bad, eh?

(note: It seems RME's $25 sign-up offer has ended as well. Go ahead and cue up that sad music for reals)

Happy diapering!


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9/25/2008

All We Need is a Little More Debt

My fellow Americans, I come to you today with a heavy heart. I was told that George would be coming on TV last night to make the case to America for his bailout plan. Well, he was on alright. Apparently, the White House felt there were some misconceptions about this plan, and sent W out to clear the air.

Well I watched it, and here is what I heard:

Debt. Debt. Debt.

Americans need easier access to credit. Debt.

We need to be able to acquire loans to buy a car. Debt.

People need to be able to secure mortgages to buy a house. Debt.

Easy access to credit is needed to carry out day to day operations. Debt.

Thanks, but no thanks. You see Mr. President, we quit borrowing money. We paid off our debt and fund our day to day operations with cash money. We make our budget and stick to it. It seems to me that easy access to credit is what got us into this mess. We can't borrow our way out of it. It doesn't work for the same reason that debt consolidation loans don't work - because you haven't addressed the real problem. The problem isn't the debt, the foreclosures and the bankruptcies. Though those do suck. The real problem is the behaviors that led up to it. I don't see that being addressed here.

The job of the government is not to step in when things get bad and attempt to force the economy to return to the 'good ole days' when anyone could get a mortgage and drive a $40,000 car. It's not the details of your plan that confuses us, George, it's the principles behind it.

We don't need more debt.

Home prices aren't going back to 2005 numbers, because those weren't real. Maybe we'll hit those in 2016, or 2020. But not 2009. Wall Street is just going to have to come down off of it's 'free credit for all' high the old fashioned way - cold turkey. Debt is what got us here, it won't get us out.

What Washington doesn't understand is that some of us are doing just fine. Some of us have been wholly unaffected by all of this turmoil. Those are the people who are out of debt and have their finances in order. We aren't rich - we're not the jet set. Maybe that's more what we should be striving for. Maybe we shouldn't be coddling Wall Street and ignoring Main Street. Maybe we could get Dave Ramsey to go on TV and explain this to Washington. Wait! He has a TV show! Tomorrow should be good!

Contact your congressperson. Tell them how you feel about this plan. Demand an alternative that actually benefits Americans. Consider taking out Patriot Pact. It's coming soon.

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9/24/2008

Worlds Largest Debt Consolidation Loan

My fellow Americans. I come to you tonight just a few minutes before W is set to come on the air to make the case to America for his unprecedented bailout of the financial sector. His request for 700 billion dollars to buy up bad mortgage debt nation-wide has been the hot topic all week. Rightfully so. Americans are furious at the thought of our nation going much more deeply into debt to bail out the sector that keeps so many of them in debt. Rightfully so.

The original plan, a paltry 3 pages long, has been met with much criticism for the sweeping power that it gives to Paulson and Bernake, and for the complete lack of oversight. The banks put Joe Bag-O'doughnuts through the ringer and sign a ream of paper to get one of their sub-prime loans. And we tax payers are supposed to just hand over the money to bail them out?!

Like I said, this plan has drawn much criticism. Oversight, transparency, restrictions on CEO pay.... blah, blah, blah. Here is what they all have missed (Congress, I hope you are reading this):

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Our Frugal Wedding: Only 8 Months 'Til Wedding Season!


Whaa...?

Wedding season is in May and June, dork! Right, but what good are all those money saving tips when you locked in all of the plans months ago and the big day is fast approaching? They'll come in handy for the next one! Just kidding... Besides, wedding season is when you decide it is. Planning a wedding? Read on.

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9/23/2008

The Need Meter


Wants. | Needs.

There's a line between them (literally and figuratively). Sometimes, that line can get blurred or glossed over altogether. How do you decide where that line is? How do you decide what is a need and what is a want? When does a need become an emergency? Better yet, how do you effectively communicate that to your spouse and others?

We have something that might just help with that... The Need Meter©.


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9/22/2008

Picked a Peck of Peppers


Actually, we didn't pick them, and we had a whole bushel (4 pecks, I think). But it's a fun title. Despite all the hand labor, we're in good spirits at the NtJS house. This weekend we picked up a bushel of bell peppers from a local organic farmer.

So what is all the excitement about?

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9/21/2008

Add a Little Booze to Your Budget

We got all serious this week and when on a bit of a tare. At some point, PF bloggers have to stop squabbling about credit cards or rambling about saving money at CVS, and talk about the big picture. If you haven't already, take a look at these posts, and consider taking our Patriot Pact.

Now, here's a slightly more light hearted post. Enjoy!

With the exception of a couple months, the Mrs. has been either pregnant or nursing since we moved here 18 months ago. As most of you know, booze and babies don't mix. And as you married men know, if Mommy can't drink, then Daddy can't drink. Well, in the past couple months, baby has gotten to the point where her feedings are spaced far enough out to allow the Mrs. a drink from time to time. There's also been about a dozen time when I thought, "Wow, a beer would go great right about now."

But alas, we had none.

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9/20/2008

Carnivals / Festivals

This week we were included on eight carnivals and festivals - two were Editor's Picks! We've also broken the 100 mark on subscribers, and despite Feedburner's waffling, we're very thrilled! Thanks for reading and tell your friends!

We are pleased to welcome all new readers, as well as new carnivals to Not the Jet Set. To find out more about us, click here. We are a personal finance blog focused on frugality, stewardship, and current events, while also telling our story as a family and the personal finance decisions we have made. Thanks for stopping by and be sure to check out our NtJS Cafepress shop!

On with the round up...

Rich Life Carnival: Installment #9 is up at Your Finish Rich Plan. As they get back to basics, so do we with our extravagantly frugal post on cutting the cable. Here is another post that I enjoyed:

Carnival of Personal Finance: Can be found at The Personal Financier, in the Famous Last Sentences edition. Maybe we can add, "All those Dave Ramsey listeners are bad at math." to the list. Some other notable articles:

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9/19/2008

ReUse It! Babyleg Style


As many of you know we use cloth diapers. I did a lot of research before using them and one of the other things I learned about while doing the research was babylegs. For those of you who don't know what they are they are leg warmers for your baby that go the full length of the their legs. They can also be used on older kid's arms (or adults as they fit on my arms).

  • Knee hi socks
  • Thread
  • Sewing machine
  • Scissors
  • Pins

Instructions:

Follow this link for the full directions along with great photos! Then only thing I do different is Step 3. Fold the opposite direction as she does in the photo. Fold it the same way she does in Step 4 (as per photo). Folding it this way gives the cuff more give allowing it to fit better. Other then that I do it the same way.



Overall Project Grade: A-

Project Notes: I will admit that not that many of use have used knee hi socks to use in this project, so for most it's not a "reuse". But it's a fun project that can be used from birth through adulthood. My baby wore them on her legs as a newborn and my older daughter still wears them on her arms so that she can wear her favorite t-shirts in the winter.



Once you get past the first one or two it becomes a fast and fun project. The best part is to see how the kids love wearing them. Along with how it saves you money from having to buy long sleeve shirts!

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9/18/2008

What Have YOU Done For Your Country Lately?


As Mr. NtJS stated we were up late pondering the country's latest economic issues. What brought us to this point, is this the bottom, etc. I could not fall asleep after that, since my brain was now awake. I started wondering how do we get out of this mess? Maybe I'm just over simplifying things, but I DO like simplicity. Here are my ideas to help get our county back on the right track.

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9/17/2008

Who Killed the Economy? Government, Corporate or Consumers?

AIG, which is the largest insurers in the US, failed this week. Requiring an $85 billion buyout from the government. We were both awestruck by that one just before bed. This prompted a very interesting conversation that had us both up very late.

First, when do we hit bottom? We've watched as so many companies have failed, so many jobs have been lost or shipped elsewhere.

How long before this gets better?

Your thoughts?

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9/16/2008

Investing Sense for Lehman and Merrill


For many of us, the past weeks and months have shown us instability and uncertainty at level not seen before. Fannie May and Freddie Mac teetered on the brink of collapse before an inevitable government take over. The Countrywide collapse and the end of Bear Sterns.

The latest casualties of the big credit crunch / mortgage meltdown hit the news this week: Lehman Brothers (passed on by BoA) filed for chapter 11 bankruptcy and Bank of America bought out Merrill Lynch.

Not the Jet Set is hardly an epicenter for investing advice - and thats not what we are here to do. But what does all this mean to you and your investments? The Dave Ramsey Show was flooded with questions about this yesterday and here is some of what Dave had to say:

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9/14/2008

A Want Becoming a Need

You may have noticed some posting irregularity lately. We've been struggling a bit during the past few weeks here at the NtJS house. Everything seemed fine, then whammo! We were hit. It had happened before and supposedly would not happen again, but it did. I was really bummed. Thankfully, my folks bailed us out temporarily. We took it reluctantly, thinking it would get us by and help us weather this storm.

It didn't. We thought we had a plan, but now we are looking at each other thinking, "What do we do?!"

Here is how it all went down:

  1. I hate borrowing other people's stuff
  2. We used to have this same camera and got rid of it because of it's poor performance as well as it's own eventual failure.
Still we knew we needed a camera, and took it. We used it a handful of times, only to find out that the battery would last only about 30 minutes. Then, in the irony of all ironies - it broke! The same way that our's had broke a few years ago! Lens was irreversibly jammed.

We've tried the quick fixes to no avail. Fail. We were back to no camera.

This may not seem like a big deal, but you know that saying, "don't know what you've got 'til it's gone"? Yeah, it's like that. The kids are constantly doing things that we'd love to capture and send to the family. Plus we have this blog thing and like to use our own photography when possible. Actually, it has made the Mrs's ReUse It! series a tad difficult. Fortunately, we were able to borrow the neighbor's camera to get the Rice Pack post up this week. Trust me - we used it very gingerly.

The point is that initially we just wanted a new camera. We didn't need one - we had my mother's old one. There were a number of other capital expenditures that were quickly taking priority over the camera. But now, with the second-stringer on the stretcher, we are left like a coach on the sidelines looking at what is left on the bench.

Our video camera takes still images, but they are just as crummy as you could imagine - 1MP and no flash, no white balance.... Pictures, unless taken in daylight, come out a little creepy. Beyond that, they are still pretty low-res.

Now we are thinking.... "Do we need a camera?"

What to do?

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9/13/2008

Carnivals / Festivals

This week we were included on four carnivals and festivals. Be sure to check out the carnivals as there are usually more articles worth reading than what I can feature here.

We are pleased to welcome all new readers, as well as new carnivals to Not the Jet Set. To find out more about us, click here. We are a personal finance blog focused on frugality, stewardship, and current events, while also telling our story as a family and the personal finance decisions we have made. Thanks for stopping by and be sure to check out our NtJS Cafepress shop!

On with the round up...

Carnival of Personal Finance: Banker Girl makes her triumphant return to the PF blogosphere by hosting this week. First on her list of Editor's Picks is our Garth Brooks / network of friends tribute - Friends in High Places. After you get done reading that one and get that song out of your head, take a look at these as well:

Make It From Scratch! Carnival: Satisfying our DIY cravings this week is GreenStyleMom with the MIFS! Carnival. Here, the Mrs. satisfies our daughter's need for a lunch box, frugal style. We also enjoyed this post:

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9/12/2008

ReUse It! Rice Packs


Two things are always true in our house. Missing socks happen EVERY week on laundry day and boo-boos happen on a weekly basis as well. My daughter doesn't like have a stiff ice pack on her bumps so what's a mom to do? After some thinking and research I came up with this solution that marries the two truths together.

Why not fill an odd sock with rice? So while I was in one of those experimental modes I tried it out. If you don't have a sewing machine don't be discouraged! You could just as easily hand sew it.

Cost: $2.00 or less (if you have rice in your house already)

Time: 5 minutes or less

Skill Level: Beginner

Materials needed:

  • Sock (men's works the best but any will do)
  • Rice
  • 1 piece of scrap paper ( or funnel)
  • Needle and thread (if you don't have a sewing machine)

Instructions:

1. Fill- Using your scrap paper as a funnel fill your sock (right side out) with the rice. Fill the sock 3/4 of the way full. Pin or hold opening closed.


2. Sew- While keeping the end closed and even, stitch apx. 1/2 inch from the opening the full length of the opening.


3. Completed- Done! Yes, already done. Now go put it in the freezer and stop questioning me.



Overall Project Grade: A+

Project Notes: Super fast, super easy, super cheap, and super useful. What more could you want?

I love this project so much that I have made lots of them to keep on hand. They can also be warmed in the microwave to use as a heating pad. Just make sure to keep it dry.

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9/11/2008

Teaching Kids to Live Green

Are your green living habits rubbing off on your kids? Will the next generation care about the environment as much as we do? Less? More? The answer is up to us. The “us” is the parents of those cute little preschoolers.

I strive to live an environmentally friendly life but I can not assume that my kids will be the same way. The best way to insure that your child will follow in your green footprint is by teaching them. Here are some fun and easy ways to teach your little ones to love the earth.

• Read Green. There are lots of great books and magazines for little ones on green topics. My preschooler’s last one was called “Why Should I Recycle?” by Jen Green. She loves the book and has decided (much to her father’s dismay) that she wants to be a trash man when she grows up so she can recycle all day long. NWF’s kid’s magazines are also a great way to introduce nature to little ones.





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9/10/2008

What Is: The Dumbest Thing You’ve Ever Spent Money On?


Fellow PF blogger, Gather Little by Little, has started a running series called, "Share Your Story". Inspired by, of all things, radio talk shows where they post some crazy question and all the nuts come out of the woodwork to chime in.

The first in this series asks, "What is the dumbest thing you've ever spent money on?"

Here comes one nut out of the woodwork...

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9/09/2008

Proud Mom Moment

Yesterday my daughter got an early birthday present from my MIL. It is a cute medium sized sketch pad. She of course loved it since she is our budding artist. That night she said she wanted to draw a picture of the earth. So she took her pencil and drew a big circle.

Then to my surprise she asked me how you spell 'Reuse'. I helped her spell it as she wrote it at the top of the big circle. I asked her why she had put it in the earth?

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9/08/2008

Forget Dave, Are YOU Bad at Math?


We've stated our position on Dave Ramsey on this blog and in the comments of many others (some of which make for great debates). We've already addressed the fools who somehow think that not only is Dave bad at math, but that they've been able to correctly run the numbers that Dave has failed to over the course of nearly 2 decades of financial counciling - Give me a break. So nothing new there.

What I've been seeing a lot of, not just now, but for quite some time, is this assumption that the people on Dave's plan are also bad - even terrible - at math.

Are you bad at math?

I think I know the answer, and I'm pretty sure I can prove it after the jump.

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9/06/2008

Carnivals / Festivals

This week we were included on three carnivals and festivals. Things have been nutty around here, especially at work for me. Starting to get a handle on things again, and hopefully be back to our normal posting schedule.

We are pleased to welcome all new readers, as well as new carnivals to Not the Jet Set. To find out more about us, click here. We are a personal finance blog focused on frugality, stewardship, and current events, while also telling our story as a family and the personal finance decisions we have made. Thanks for stopping by and be sure to check out our NtJS Cafepress shop!

On with the round up...

Carnival of Financial Goals: Rocket Finance is apparently enamored with Sarah Palin after watching her speech during the RNC - What? No pics? No quotes? She's a fiesty one. At least you find financial goals - lots of them - including the one we just reached.

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9/05/2008

Lunch Out vs. The Brown Bag


A friend just stopped by my desk to ask if I would be interested in joining his group of regulars for lunch out once or twice a week. It was a kind gesture from a group of people that I certainly wouldn't mind hanging out with a bit more. He also assured me that they try to do it on the cheap, around $6 or less. Yeah, yeah, yeah. What was funny was the way he started the conversation:

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