I've been studying all day.
I just stomped out into the living room and had a very nice ranty monologue about how the two problems on the May 05 exam that involved Buhlmann credibility with Poisson distributions were very easy credibility problems, *but* one expected you to just look at the distribution function and just *know* that it's a Pareto distribution, and the other relied on knowing the formula for solving gamma integrals, which I guess is just one more thing to memorize, but seriously, has nothing to do with Buhlmann credibilty at all, it's a computational technique.
Imagine me going into a *lot* more detail about my displeasure. Imagine my boyfriend smiling sympathetically, and nodding in all the right places. Then asking me, "did you have a nice conversation with yourself?" It wasn't mean the way he said it, just cute.
Anyway, It's going to be a tough 4 days, but I think Wednseday, I have a pretty good chance to nail it.
My strawberries:
My Habanero pepper:
My hanging basket tomato: I swear it's growing so fast I can almost see it happening!
My "Experimental" tomato: - I'm trying it out in a self-watering container made from a 3 liter bottle. I know it won't produce well or have the best-tasting tomatoes, but it amuses me. I'm going to wrap the container in mylar to keep the roots from burning.
My herbs: Thyme and basil
I have a good friend who has had a lot of trouble with her finances. My boyfriend has trashed his too. His stupid brother makes 6 figures, and is still so damn broke that he sometimes has to borrow money to pay for groceries at the end of the month.
I am constantly frustrated with finding out just what my friends *don't* know about personal finance. I'm not talking about investing in stocks, etc. Just simple things, like how to maintain a little savings, manage their credit cards, shop for basic insurance, etc.
I hate the fact that society somehow assumes you lear about money management at home, but the fact of the matter is that most people's parents aren't capable of giving the advice their kids need. Now that people get married when they're older, a lot of people have to figure out how to get their finances off to a good start when they're still single, while their parents may have already been married and living off two incomes at their age. Also, let's face it, the economy has changed a lot since most of our parents were 25.
The number one piece of bad advice that too many of my friends have tried and failed at: "Make a detailed budget and stick to it."
Ha!
Only the most compulsive among us can actually make that work. That's not to say a budget isn't a valuable tool. I have one. I break costs down into general categories, and use it not to plan future spending, but instead to track retrospectively where my money goes.
The simple fact is that purchases expand to use all available money. I get paid twice a month. So on the first of the month, I pay all of the bills due in the first half of the month, and on the 15th, I pay all the bills due in the 2nd half of the month.
Also on the 1st and 15th, I have a set amount automatically transfered into my savings account. Personal Finance books call this "paying yourself first". After my savings is taken care of, I spend whatever is left however I want with no guilt.
Anyway, it's true what they say. If you take it out at the beginning, you really don't miss it. When you're worried all month about coming in under budget, it's stressful. When you know you've already taken care of savings, money management is much more straightforward day-to-day. Even if you just put $25 out of each paycheck in the bank, in a year, you'll have $600 in the bank. And even though that doesn't sound like much, it represents a helpful financial cushion in case you have sudden expenses. If you can slowly increase the amount you put away, you come out even further ahead.
As for a budget... At the end of every month, I download all of my transactions from my bank, pull it into excel, then sort them all out into categories: Rent/Food/Gas/Bellydance/Eating Out/Etc. Each month I sit down and go over them, and take stock of where my money is going. If I find that something is out of balance, I try to make practical changes. For example, if I see that I have been going overboard on eating out, I make that something to be conscious of in the following month. I don't aim to be compulsive about my spending, just conscious of it.
I think that is most of my friends' biggest problem. They spend unconsciously. If they just asked themselves, "Will this item be worth as much benefit to me as the amount of time I have to spend working to make the money to pay for it?" - BPAL, a great vacation, etc are things that meet that criteria for me. More brightly-colored knicknacks from Target don't.
Anyway, I'm done ranting now.
Because the forum limits the number of pictures per post, I had to split it up.
My miniature roses: I had a bad aphid infestation while these buds were forming, so these flowers are a little ratty looking, but there are a ton of new buds that should look beautiful when they open!
My pot of morning glories and moonflowers: I planted 2 of each, I'm planning to grow them up the balcony railing. I planted them kind of in the 4 corners, but I guess some sloppy watering moved them around a bit. The two little sprouts are the morning glories, and the two moonflowers are sprouting as we speak!
My moonflower seeds breaking through the soil: How awesome is that?!? I feel like I'm in 1st grade again! I am planning to take more pictures of them in a few hours to see how far they've come
My moonflower seeds 24 hours later:
