palyce:

when u fake broke cuz u gotta save

catolicabuena:

Lemme tell u guys a story

In my freshman year, my great grandma passed away. She never threw out or sold anything worth keeping if she could help it, having grown up in the Depression, so when she passed, my grandma suddenly inherited a lifetime’s worth of treasured items. She distributed most of them to her kids and grandkids, saved some sentimental items, and donated most of the clothing and trinkets to charity. I got back the stuffed leopard I’d given great-grandma in the hospital; the fur was still as soft as it’d been when I bought it. One of the biggest things she had to sort through was jewelry. For a year after my great-grandma died, my grandma was setting out organized rows of costume jewelry on basement tables and chivvying her granddaughters to take what they wanted.

And then, after all the choosing, she snuck me into her room while my cousins picked through wristwatches. On her bed were two small jewelry boxes: an old wooden one, and a cushioned one in white pleather.

“I brought you in here because if I gave these to your cousins, they’d sell it. I don’t want these sold. Do you understand?”

I understood.

This is the story of the biggest lie my grandma ever told her mom.

Great-grandma’s birthstone was garnet, and she loved the look of the stones, but could never justify paying for some. Her husband worked constantly, and so did she, and new clothes for the kids was more important than jewelry at the time. When my grandma was 16, she saved her first paychecks to buy her mom a garnet ring for Mother’s Day; that’s what was in the wooden box. The original receipt, handwritten, was crammed into the lid. Great-grandpa saw that ring and teared up; he’d always wanted to get his wife something nice like that, but hadn’t ever had enough money for it. Determined, he vowed to change that. He set aside money for years, slowly, hiding it away in a box in the attic, vowing to buy his wife something she could always wear with her ring.

Time passed, and inflation happened, and he slowly squirreled money away in the hopes that jewelry might get cheaper again sometime. Time passed again, and age had little mercy on him. He got older, typed up a note, and placed in in the box, describing what the money was for; he knew his time was near. Under no circumstances was the money to be spent on anything other than giving his wife a nice gift. The letter read, “One day, my dear Ruth, you’ll have garnet earrings to match that ring.” It’s what great-grandma had always mourned missing; she had such a nice ring, and no good earrings to go with it.

Well, men don’t live forever, and when great-grandpa passed away, my grandma cleaned out her mom’s attic as she prepared to move somewhere smaller. Going through boxes of polaroids and paper clips, she stumbled on the box of earrings money, note and all. She stashed it with her coat, and after that day of cleaning, went to the jeweler before her mom could try and spend the money on something too sensible. She came back with the white pleather box; sure enough, still nestled inside that box were two clip-on garnet earrings.

”Mom never got her ears pierced, you know. That’s why it took so long to find a good pair.”

Once she’d gotten the earrings, grandma presented them to her mom, along with the note. The paper was obviously old and warped by moisture, but it was legible. My great grandma cried happy tears and treasured those earrings more than any other jewelry; the last gift her husband could give her. Decades after the fact, I’d seen her wear them to Christmas parties and worry over them, checking that they stayed on her earlobes.

There was never any note from great-grandpa. Never any box. Never any earring money. My great-grandpa had spent his saved money keeping himself and his wife confortable throughout retirement. To set aside hundreds of dollars, even a bit at a time, for garnet earrings, was never a thought that crossed his mind. My grandma had seen her mom, exhausted, wracked with grief, and lied through her teeth about where she’d gotten the money for those earrings. She faked the note and everything, making sure her mom wouldn’t wonder where the money came from, and never winced at the pinch in her own pockets. And she never told a soul, not even my mom, until great-grandma was safely and thoroughly buried herself.

Soon Anchor Will Launch Bank-Beating DeFi Savings Account -

Soon Anchor Will Launch Bank-Beating DeFi Savings Account –

According to the latest announcement, Anchor, a two-token, algorithmic stablecoin, appears to be finally launching bank-beating DeFi savings accounts. 

Stablecoin that is appearing to be certainly nearing a go-live date, was initially slated for the month of October launch, but the team failed and postponed that launch to November.
According to the proposal announced in late July 2020, Anchor…

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Budget of a PhD student living in Prague

I started properly budgeting (not just tracking expenses) about a year ago. Back then, I didn’t have a proper income, so I was very strict and didn’t buy much fun stuff, and by fun stuff I mean for example clothing I actually needed.

I got my first PhD stipend in November and since then I’m buying the stuff I actually needed, but postponed buying them, because I didn’t have the money. That’s why January is basically the first month when I’m actually saving money, not just catching up.

In November and December, I bought following necessities:

• new iPhone (because the old one lasted about 30 minutes and then the battery died)
• winter coat (the previous fully fell apart)
• went for dental hygiene and to the dentist (because I couldn’t afford it for ages)

These were pretty big expenses and I still have to make some bigger purchases, such as new glasses and I have some follow-ups with the dentist because of cavities.

Nevertheless, I’m trying to save a feasible amount of money for emergencies and vacations.

The Budget

I won’t write down the exact amount of money, because I’m still figuring it out, but these are the categories I’ve set money limit for:

• groceries
• utilities
• services (phone bill, Netflix, Patreon, Spotify)
• sport (swimming)
• dining out - because sometimes I work from a café, I meet up with friends etc. Not having a budget for that wouldn’t be sustainable for me in my normal life.
• shopping - I mostly buy things I need, e.g. new trousers because the old ones fell apart. Because of basically not buying stuff like this for a year and a half, a lot of things are breaking down, or will need a replacement soon. But I also buy stuff just for fun, that’s also necessary for my normal life.

Altogether, this is about 2/3 of my income, the 1/3 is going to the savings/emergency fund. I’m using an app for budgeting called CoinKeeper, it suits my needs.

When I have some money left in the categories above, I’m planning to put whatever is left into crypto, no matter how small amount of money is left. It’s usually not much, because I’m already saving quite a lot in comparison to the amount of money that I get.

If you’re more interested in my general life of a PhD student, like budgeting, cooking, cleaning, whatever, I’m happy to share more about that!

M.