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The velocity of money

September 15th, 2005 at 04:31 am

For today and yesterday:

Sept 13
Spending log - 1.65 coffee + 15.00 lunch (okay, I had a sushi craving)
Saving log - 2.00 tip box

Sept 14
Spending log - 1.65 coffee + 5.00 lunch
Saving log - 35 - DRP

So much for routine, eh. Didn't write yesterday because I had to get to work early so I had to hit the hay early. I did manage to catch the last 15 minutes of Oprah with Dave Ramsey on. Wow. How did that girl manage to get her fiance to buy her a car? I wouldn't have the nerve. I guess that really shows the finance in the fiance.

I'm going to set myself a fun little task and slow my spending. I always get $40 from the ATM and it always seems to last 2-3 days, or 5-6 times per paycheck. I'm going to see if I can get it to last 3-4 days, or about 4-5 times per paycheck. Turns out that economists talk about the velocity of money, or how fast it moves through one's possession. Spenders have a high velocity of money, savers have a much lower velocity. And the no-spend days are infinitely slow. Smile

Pay day tomorrow.

3 Responses to “The velocity of money”

  1. Anonymous Says:

    My cousin's fiance paid for her boob job before their wedding. He also paid for the uber-expensive wedding. He has a lot of money. She truly believed the old saying "it's as easy to fall in love with a rich man as a poor man" and spent her whole life plotting how to marry one.

    She seems happy enough now. So I guess it's all good. They've been married 6 years. Last year they bought my aunt an Expedition to help perk her up after being diagnosed with colon cancer.

    But occasionally she says little things that really dig at me. They have a 4.5yo. Once when he was about 2 I remarked at how much he looked like her brother. She said "I'm so glad. I would hate for him to look like dh". Ummm, okay, so much for "love being blind".

  2. Anonymous Says:

    So much for "fidelity".

  3. Anonymous Says:

    I am trying to get the velocity as low as it will go. I keep a twenty in my pocket and try to keep from brealing it. I also pack a lunch whenever I can. The savings add up!

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