Budgeting & Saving Money

If Insured, Sometimes You Should Pretend You Don’t Have Health Insurance

November 3, 2018
Doctor Looking At Clipboard

Hi everyone,

A couple months back, my friend had to get a Td vaccine to get some paperwork filled out. His university’s health center didn’t offer it, so we had to look elsewhere. The medical clinic filling out the paperwork recommended we go to the City of Lubbock Health Department, which is a community health center in Lubbock. The clinic personnel specifically instructed my friend to state that he did not have health insurance, even though he did, so that he would only be charged $15.00 for the Td vaccine.

I thought this was weird, but okay. We went to the City of Lubbock Health Department and told the employee at the front desk that my friend did not have health insurance. The department charged him $15.00 and we waited in the seating area.

While we were waiting, a young couple entered the building. The female was only 18 years old and the male was 19 years old. They both had to get the vaccine for Meningitis and they both had private health insurance. The employee then said, “Okay, that will be $120.00 from each of you.” I could tell the couple looked surprised, because of the high cost, but they had to pay anyway. They looked stressed.

Finally, we were called inside. While my friend was getting his Td vaccine, I got a bit snoopy. I wanted to learn more about the office. Maybe there were things I could learn just from looking around.

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Budgeting & Saving Money

How To Retire With One Million Dollars

October 28, 2018
Two Brown Wooden Armchairs Beside Umbrella Near Seashore

Hi everyone,

One of my blog readers, Kelly, encouraged me to start investing my money in an IRA a few months back. I was reluctant because I felt like a complete amateur when it comes to investments. I felt scared of losing my money, as I worked hard to make and save it. I worked four jobs, making an average of $9.00/hour. We were saving as much as possible for the interstate move, in which our funds weren’t even enough in the end. Where could I come up with the money to invest for retirement, and even if I had the funds, how would I know what to invest in?

After our discussion, though, I realized I work too hard NOT to invest my money. Sure, I could lose my money, but I could also grow my money. For those of you who know me personally, you know I work my butt off. If I continue like the way I am now for several years, I will burn out. I cannot work long hours forever. At some point, I will have to retire because my body can’t handle it anymore. I want to retire wealthy so that I can live comfortably.

With Kelly’s encouragement, I looked at the Roth IRA that I opened with a financial advisor two years ago but stopped contributing to after only half a year. What did this financial advisor invest my money in? I got statements every month but never looked.

I saw my portfolio had less money than it did two years ago. I didn’t understand. Why? Kelly told me the market did extremely well last year, so what happened to my money? My advisor invested my money in C-shares that charged 2% in fees every year, on top of the advisor’s annual fee. The mutual fund itself didn’t have a good return on investment either.

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Budgeting & Saving Money

How has our move been? Many people have been asking. Here’s my answer.

October 1, 2018
Annie Yang Holding Two Cardboard Boxes

Hi everyone,

I haven’t written this newsletter in a while. For the past three months, Handrio and I have been on the road. We drove from Texas to New York to stay with my parents, and then went back and forth between NYC and Boston looking for an apartment and job. We never stayed in the one city for longer than a week at a time.

Once we finally moved in, I started my new job and spent my weekends cleaning the apartment, since it was filthy. We pay $1,750 for rent and the property management company couldn’t even spend $200 on cleaning service. I felt upset because I spent three weekends cleaning shit (literally, mouse poop)!

Okay, I’m done complaining about this issue now. I’m not upset anymore because it’s clean now, thanks to me and Handrio, and that’s all that matters at this point.

With so much change, it has been difficult for me to sit down and write. But starting today, I will be resuming my bi-monthly newsletter, as I’ve created a new routine. I might even write weekly, depending on my schedule.

Today, I want to share with you indirect expenses when moving. These are expenses that don’t even come to mind at first but hear me out because I did not think about these beforehand. A few newsletters ago, I shared our moving budget, which included transportation and first-month expenses. We saved $6,000 for this move, which we thought would be enough, but we were approximately $1,500 short in the end.

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Buyer Beware

How I almost gave $1,400 to a Craigslist scam artist

June 30, 2018

Greetings everyone!

Several years back, my parents told me a news story that I still think about from time to time. A landlord had given a prospective tenant an apartment tour. The tenant signed the lease, paid one month’s rent and security deposit, and got the keys. A few days after the tenant moved in, the real landlord appeared, wondering who this tenant was and what was going on. The first landlord was a scam artist who disappeared after getting the money.

We all laughed at how foolish the tenant was. How could someone be so stupid?

Earlier this month, I could have been that fool.

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