Link Love

Someone at the NYTimes is seriously a bad person.

Red states are working hard to suppress college student voting.

Ernst and Young’s sexist women’s training.

Thread on why the SCIF thing this week was so dangerous.  I have to wonder the real motive.

This week had a number of public finance posts that I think are better read in conjunction with each other. It seems like a lot of people are having thoughts about earning, saving, and feeling or not feeling rich. I’ve got one or two of these myself in drafts waiting for their respective Mondays, though we’re insanely well-off right now rather than in anything that could be thought of as an in-between place. TBH, I read the below posts and think, yeah, when I was in that situation I was also anxious about money. I’m not anxious about money right now only because we have no debt, have high incomes (mine can’t be taken away), we’re maxing out retirement, and we have a lot of money saved. When any one of these was not true I was anxious, though my anxiety decreased (and spending increased) as my income and savings increased. I have always been a good saver (and I grew up in a household where savings was paramount), but being a high earner has made my life so much better.

I Pick Up Pennies talks about how even though she’s got a nice income, she doesn’t feel rich (unlike Bitches Get Riches’ post last week). A Gai Shan Life talks about how she is worried about money even though they’re doing pretty well. Done by Forty lists all the money he and his wife have made and talks about how his higher income has made him more secure. The Frugal Girl asks if you had to choose would you rather be high earning or a good saver (my comment brought a surprising amount of ire from people who I can only think have super poor reading comprehension skills because they thought the post was about something else? Or maybe they just hate women who work. Anyway, check out the comments for unintentional drama that I did not go out of my way to prevent.) I think I’ll do a full post on this idea in the future because the more I think about it, the more I doubt that anybody but the most environmentalist (without dependents that they care about) would choose uncertain saving over certain earnings, even the women bashing me in the comments.

Why the 1985 version of Anne of Green Gables was so transformative to my generation.

10 Responses to “Link Love”

  1. delagar Says:

    While I would love to be able to save money — and before I got cancer, I did — yes, I would rather have high earnings than be a good saver. In my experience, the two often go hand in hand. (Though not always, clearly.) That is, when you’re making a ton of money it’s much easier to save a percentage of it.

    Right now, we can’t really save any. Sometimes I manage to save a few hundred or even a thousand, but then someone breaks a tooth or the car needs new tires, and there goes that.

  2. yetanotherpfblog Says:

    I feel like we’re rich or, at the very least, very upper middle / affluent class. On saving vs. earning: I used to be a better saver (as in, spent less) than I am now, but my financial anxiety didn’t go down until that was coupled with good earning. Knowing I could cashflow big expenses has also taken a huge load off.

  3. undine Says:

    Both, if possible. From talking with the financial guy, I’ve learned that what I thought was a reasonable level of spending was in fact pretty frugal, probably because of a nightmarish dread shared by a lot of women of outliving one’s money and ending up homeless.

  4. nicoleandmaggie Says:

    Today I’m writing postcards to voters in Kentucky

  5. Revanche @ A Gai Shan Life Says:

    VC and Hannah seem unreasonable. I understood what you were getting at – if those are the ONLY two choices, then high earnings is the better choice between the two. The world gives high earners way more passes than they do low earners/good savers.

    Plus as a high earner, you only have to be mediocre at saving and you’d still come out way ahead. See us now: we aren’t exercising every single possible savings route like I used to and we are still saving way more than we could when I was on a much smaller income.

  6. donebyforty Says:

    Thanks for including us in the roundup!

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