Cheers! I’m writing you today from England. The last time I came here, I published a short post about how different the prices were between the UK and United States. I thought it might be fun to share those observations again. Note: This post was originally published 12/02/2011.
Think things cost a lot where you live? Here’s a little perspective from our friends across the Atlantic.
While on a business trip through England, there were a few things I couldn’t help but notice about their financial situation. Although most of what I found was narrowly limited to my travel agenda, I thought I’d share my list of observations:
Well, wish me luck. I’m off to England today for a business trip. That’s 11 hours of travel plus a 5 hour time change. In other words, by the time I start to feel sleepy, we’ll probably be landing and it will be morning outside.
My stay there will be a little over a week. I’m going to miss my family; this will be the longest I’ve ever been away from them. Luckily, the week after I return is when we go on vacation together.
I’m hoping the hotel’s WiFi will be nice and reliable. My last hotel had very questionable Internet service. So if I disappear, sorry about that!
Posts You Should Read This Weekend:
Personal favorite: Did the toys you played with as a kid set you up for failure financially as an adult? Read Daisy’s hilarious and sarcastic story: How The ’90s Set Us Up to Fail Financially
Other Favorites: Read more
The stereotype of the salesman… We all know this guy. We don’t trust him. We run the other way. We don’t want to hear his spiel about why this used car is such a great deal or why we need the bigger TV set than we originally came in here to buy. It doesn’t matter what he says because we’re not going to believe it anyways.
Yet this guy and you have something in common. Although your motives and methods are different (and you probably dress better), there is something that he is trying to do that you do every day. And if you don’t realize that you do it or try to get better at it, there could be significant financial consequences.
When I read that 49% of Americans are not contributing to any retirement plan at all, I was not surprised to find out that the biggest offender group were people between the ages of 18 to 34. My guess is that it’s not that they don’t want to do it, but rather that they don’t know how to save for retirement.
The last time there was a round of 401k sign-up at work, my younger colleagues seemed hopelessly lost. They were given a nice big folder of papers containing numbers of charts, and told the old “you should probably contribute 10% of your paycheck” advice.
But when it came down to, they really just had had no idea how to save for retirement. When I’d ask them if they felt 10% would be enough, I was met with blank stares like a deer in the headlights.
I’ve felt like a VERY delinquent blogger this week. My apologies to all of you who I normally visit and comment upon. Work has been extra demanding this week (with one of the big projects nearing a close), so my time has been spoken for.
We’re looking forward to the weekend! Tomorrow, the boys are going to see “The Avengers” while the girls are going to get their nails done. And we’ve got all Sunday to do whatever Mrs. MMD wants to do for Mother’s Day (including catching up on all our shows that keep piling up on our DVR). Speaking of TV shows, is anyone watching “Don’t Trust the B”? That show is hilarious!
Posts You Should Check Out:
In case you didn’t already, give these posts a read this weekend: Read more