A definitive guide to earnings season
January 19, 2021
Bank of America, Goldman Sachs Group, Halliburton, Netflix, State Street, J.B. Hunt Transport Services, Comerica, Zions Bancorp., and Interactive Brokers Group
January 20, 2021
UnitedHealth Group, Procter & Gamble, Morgan Stanley, United Airlines Holdings, U.S. Bancorp, Bank of New York Mellon, Discover Financial Services, Kinder Morgan, Alcoa, Citizens Financial Group, Fastenal, Plexus, and BOK Financial
January 21, 2021
IBM, Travelers, Union Pacific, PPG Industries, Truist Financial, CSX, Charles Schwab, Fifth Third Bancorp, CommScope Holding, KeyCorp, M&T Bank, Northern Trust, Intuitive Surgical, SVB Financial Group, Citrix Systems, and People’s United Financial
No, these two terms are not interchangeable.
Since arriving at a 60% savings rate on an entry-level salary, I’ve been called both cheap and frugal by my friends and family far more times than I can count. While being cheap and frugal may look very similar at times, the reality is is that being cheap and frugal require fundamentally different habits, motivations, and mindsets. Fortunately, the bifurcation between cheap and frugal can be illustrated in five statements.
Frugal People Think Long-Term While Cheap People Can Often Be Short-Sighted
While both cheap and frugal people love to save their hard-earned cash, frugal people do so with an overall goal in mind. Maybe they want to retire by 40, pay off their mortgage a few years ahead of schedule, or put their children through college. And every dollar they save furthers at least one of their stated objectives. Cheap people, on the other hand, simply want to avoid paying any more than they have to for anything, without considering the long- and even short-term trade offs associated with their decisions. …
From confronting my demons to finding a support system and a few healthy hobbies, here’s how I got control of my mental and financial health — once and for all.
Beginning in my teens and stretching through college, I got in the habit of buying things left and right, sometimes for no other reason than to make me happy in the moment. Because of how gradually my habit formed and intensified, it took years for me to realize just how damaging the practice was to my mental and financial health.
A few months into my first job out of college, I came to realize just how unsustainable my spending habits had become. In fact, I was spending more money than ever in order to cope with what had become an absolutely toxic work environment. Rather than call the toxic job what it was, plan my exit, and take that minor setback in my career as an opportunity to do some much-needed soul searching, I instead leaned heavily on retail therapy to justify my miserable new position to myself. …
I recently closed the book on a months-long job. I knew that I was kicking off my search in a tough market, and staying consistent in my efforts over several months would be a challenge. But I was unprepared for my interview experiences to run the whole gamut between challenging yet professional and downright hellacious.
While interviews should be challenging in nature and provide your prospective employer with an accurate assessment of your fit with the company, interviewers behaving badly during the selection process isn’t something to ever be tolerated. …
Simple swaps that save me thousands a year
They think about everything in terms of cost per use
Rather than caring only about finding the cheapest price, truly frugal people consider the total value of an item over its lifetime, relative to its price today.
For example, when I needed to buy new blouses for work last year, instead of heading to a fast fashion retailer like H&M or Zara, I opted for one made by Everlane that was on sale and purchased it in five colors. Although my cart cost me about 30% more at Everlane than it would at a cheaper retailer, I’m familiar with Everlane’s quality and know that I won’t have to replace my purchases for at least a few years. …
Here’s what I learned…and why I’ll be back for Christmas
In typical me fashion, I broke up with my ex the week before Thanksgiving, and the more general holiday season, was slated to start. Considering the fact that a fight was what ended our relationship, I wasn’t expecting to bury the hatchet and become best friends with my ex — all in the space of a few days. And only a week ago, I was fully prepared to Zoom my family back east for an abbreviated virtual celebration.
On just the second day of our newfound friendship, my ex brought up his holiday plans and made it clear that his invitation, to join him and his family for Thanksgiving, still stood. While I didn’t know if I could go to Thanksgiving with him at the time — given my pride and uncertainty around how my presence would be received — I was touched that he even thought to invite me. After thinking about the invitation for a few hours, I accepted and got much more excited to road trip to South Texas with my ex-boyfriend than I ever expected. …
Here’s when “just friends” actually makes sense
Back in January, I met my dream guy. Or so I thought. He was handsome, kind, funny to boot, and valued hard work and frugality just as I do. Six months in, we were already planning to move in together, adopt a dog or two, and get married within a year.
While to our friends we seemed like the couple straight out of a Hallmark movie, we were both drowning in self-imposed pressure and resentment.
From the beginning, I saw him as the perfect human being. And I assumed he expected me to be just as perfect as he was. And little did I know that he was thinking the same about me the whole time. Then during the late summer and fall of this year, I began to see the real Achilles heel of our relationship. We’re both pretty intense people, and my unofficial moving in for several months during covid, exposed our mutual inability to compromise. …
Whether you’ve found the ideal gig right out of school, or you’re struggling to find meaning in your first 9–5, these steps will help you get the most out of any entry-level position.
When I started my first job last year, I allowed my fear of making mistakes to utterly paralyze me. It wasn’t until a few months into the job that I began to think about my first foray into full-time work as a golden opportunity to hone my skills in a relatively low-stakes environment.
Once I shifted my focus away from avoiding mistakes and toward learning as much as possible in my first year, I started to exercise more creativity in my day-to-day assignments. Rather than following my boss’s instructions to a tee and then calling my projects done, I began applying the programs I’d been learning after hours to my current work. …
From overcoming emotional spending to gaining an appreciation for the magic of compound interest, here’s how I learned to live off less than one paycheck in my first year out of college.
Throughout college, I worked just enough to pay my bills. Past that, I didn’t think much about money, and I surely didn’t think twice about spending it on a whim. Frankly, it wasn’t until I started my first full-time job, and started to budget against my bi-weekly paycheck, that I realized I was living well beyond my means. …
With skincare’s recent boom in popularity among consumers, the sheer number of products hitting the shelves and promising to fix our skin can be overwhelming to say the least. This handy guide will break down the ingredients that work and provide a few simple combinations to address a variety of skin concerns.
Skincare actives: the most common ones and what they do
“Actives” may sound a bit nebulous and intimidating, but all they are are a few particularly strong, science-backed ingredients that can do wonders for the skin. …