Recession Lessons from Gen Y

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Veronica,
You are making one of the big mistakes in money management. Your time is only worth what someone is willing to pay you for it.
I'd be willing to bet that you invest a good portion of that time in retail - on the spending side. Not a good ROI.

Got mine of MD 11:49AM May 05, 2011

About paying off credit card debt in full every month will help with loan down the road, one also have to be careful not to max out credit cards. Using more that 30% of your credit card limit over a period of time hurts the credit score, so a future loan will be more expensive despite paying off balances in full each month

Navin of CA 6:58PM February 15, 2011

I totally get your point about needing weekends and time being more valuable than money ... thank you for sharing!

Kimberly Palmer of DC 3:16PM January 21, 2011

Call me lazy, call me entitled...I don't care. But after spending YEARS in retail in high school and summers during college, I cherish my weekends off and my bankers hours (9 to 5, M-F). My day job sucks enough, I don't want to add in a minimum wage retail job that really wouldn't help me pay down my debt.
And while choosing an HSA would be cheaper than the HMO (albeit only 40 dollars a month cheaper), I don't have to worry about coming up with the costs of going to the doctors office. I know I can easily afford my copays, where I'm not so sure I'd be able to pay for the visits out of pocket. And it's a hassle to followup on the bills. In the time v money equation, my time is worth more than my money.

veronica of NH 12:30AM January 21, 2011

Thank you for your comment, it's good to hear the story resonates with what you are seeing and noticing as well!

Kimberly Palmer of DC 7:13PM January 20, 2011

Great way to showcase how savvy Gen Y'ers are. As an attorney to Gen Y business owners, and a Gen Y'er myself, I can tell you that this generation has a can do attitude and is not scared or stopped by the recession. Instead, we are building our own better tomorrow instead of relying on the government or our employers to do it for us!

Rachel Rodgers of CA 6:07PM January 20, 2011