Tall Women Earn More, According to Study

Miscellaneous April 19th, 2010

This guest post is contributed by Emily Thomas, who writes on the topics of top online colleges. She welcomes your questions and comments at her email Id: emily.thomas31@gmail.com.

Ever thought that your height may have an effect in other areas of your life? According to a very recent study, women who are taller than five foot eight tend to earn more money. The study, which surveyed over 1400 women of varying heights, found that “tall” women (over 5′8) are basically twice as likely to earn more than $46,000. On average, tall women earn roughly 8000 dollars more per year than their shorter counterparts. The study was conducted by the group Opinion Matters and was sponsored by the clothing and accessories retailer Long Tall Sally.

So what is the reason for taller women earning more? Many speculate that taller women are simply perceived as more confident. What’s more, tall women have been found to be more satisfied with their bodies than shorter women. The same survey found that twenty five percent of tall women would not change anything about their bodies, while nine out of ten women who are under five eight were dissatisfied with their body as they were.

The Wall Street Journal conducted an interview last year with Arianne Cohen, a six foot three Harvard Alum who was once a partner in the world’s tallest couple (he was 7′2), and who also penned the very informative essay collection, “The Tall Book,” which was released in the summer of last year. In the interview, Cohen discusses the ups and downs of being tall, and gives tips for tall women in particular about various aspects of life that many don’t even think about, like toilets, food, airplane seats, and the travails of dating.

Cohen argues that although it costs more to be a tall woman (more food, the need for tailored, custom-fitted clothing, and high-ceilinged homes, among other reasons), she reiterates similar findings of the mentioned study, claiming that tall people earn approximately 2.5% more per added inch.

Despite the fact that Cohen trumpets tallness, she encourages shorter people by indicating that the confidence tall people seem to implicitly have can be attained by anyone, regardless of size. In the interview, she explains, “…what I found is that much of [advancement in business] is behavioral–tall people consistently display a few behaviors that are directly correlated to success, which can be mimicked by anyone.”

Why I Have a Costco Membership

Frugality March 21st, 2010

This featured post is presented by Bouncing Back From Bankruptcy.

I have been a member of Costco, (then Price Club) since 1992. When I first joined, you had to show proof of belonging to a qualifying organization. In my case, I worked in a school district so I was allowed to become a Costco member. My then boyfriend had to be added to my account as an extra card holder since he worked for a small company that was not on the Price Club list. It cost $35 a year to be a member and my renewal this year was $50. In 18 years the dues have gone up $15 and I have NO complaints about that. I do believe that I do save the cost of the membership with my shopping at Costco over year.

Continue reading Why I have a Costco Membership at Bouncing Back From Bankruptcy.

Relationships and Money: How to Save Without Looking Like a Scrooge

Marriage/Combining households February 19th, 2010

This guest post is contributed by Raine Parker, who writes on the topics of accounting degree. She welcomes your comments at her email address: raine.parker6@gmail.com.

When you begin dating someone new, you may already be nervous enough about your jokes, the cleanliness of your apartment or home, and your personal appearance without having to worry about how your attitude about money translates to a potential partner. But if you’re trying to be sensible about money — whether you’re struggling to pay off debt or are building up your investments — you don’t want to throw away money just to impress someone else, either. Here are tips to save money responsibly without looking like a Scrooge.

  • Split the cost of dates: Many women and men think it’s old-fashioned to count on the male in the relationship to pay for everything, but that doesn’t mean you have to take over the majority of the finances either. Offer to split the bill at dinner or pick up the tab when you go out for drinks or a movie every once in a while. If your date starts relying on you to pay for everything, then he doesn’t value your relationship as a true partnership, financially or otherwise.
  • Be open to other subjects: If you’re constantly talking about how much things cost, how much you saved that week or what your credit card statement is, your date will assume that you’re obsessed with money. Open yourself up to conversations about concepts like your hobbies or goals as well.
  • Suggest alternatives to expensive outings: If you’d rather stay in than go out for another date, cheerfully suggest a home-cooked meal and movie night.
  • Be ready to explain your savings goals and strategy: When your relationship becomes serious, you’ll have to talk about money at some point. Be ready to explain your savings goals and how you organize your finances so that your partner can better understand your motives for tracking expenses.
  • Reevaluate your situation: No one can or even should change the way you want to manage your money, but do be open to new suggestions. Reevaluate your attitude towards money to avoid becoming too restrictive or judgmental, and remember that it’s important to nurture your relationships with family and friends, just as you have to look after your savings.

The Financial Hangover

Money management January 10th, 2010

The following is a guest post by Rachael Miller of Moneysupermarket.

When all the festive cheer is over, many of us are left with big hangovers in January, and not from being too full up. Many of us experience financial hangovers, having spent the best part of our earnings on presents, food and entertainment over Christmas. Even with the recession looming over our heads, that didn’t stop us from splashing out over Christmas. Many of us over-indulge even though we know we can’t afford it, and become prepared for the hangover that will hit us in January.

January is a long month. Not only is it cold and dark (for those of us who live further up the hemisphere), but our finances are usually stretched out to their limit. Many companies pay your salary early in December, meaning that you have to wait longer for your next pay packet. Make sure that you plan out your wages to last five weeks instead of four by perhaps only withdrawing an affordable figure each week and sticking to it. It is also worth in trying to clear your biggest Christmas debts first, if you’ve used a credit/store card to help with your Christmas shopping. Kate Murphy, from Moneysupermarket advises; ‘Paying more off your most expensive debts first will mean less of your monthly repayments are covering interest costs and more is going towards paying down the outstanding balance. This will cost you less in the long run and you’ll be debt free more quickly…’

Christmas is not only associated with over-indulging, but also with waste. The festive season sometimes means that our eyes are too big for our bellies, and we buy too much food and drink. Don’t throw this food away- freeze it to make tasty meals with in January. Then we’re left with the presents that might not be to our taste. There is always one relative who lovingly buys you a gift that is of no use to you. Don’t throw these away, no matter how tempting it might be to start the New Year with a clutter-free home. See if you can exchange the gift in store- you might be able to swap it with something you like. Alternatively, sell these items online. There is always someone out there who needs what you don’t, and it’s an effective way of lessening the pressure on your bank account throughout this difficult month.

The January sales are probably the highlight of the month. Even if you are strapped for cash it’s hard to ignore the massive savings that some stores offer. If you are planning to purchase something expensive, save up during the year but buy in January. You can save up to 70% in the January sales when lines are being changed for the New Year. Instead of paying full price you could save a considerable amount by waiting for a few months to make the most out of the sales.

One thing January is good for is for taking control of your finances. After you have paid all of your Christmas debts off, try to plan for next festive season. Even though it may seem a long time away, there is no harm in planning for the next year- this may save you the pain of the financial hangover. Open a good savings account and add to it each month when you get paid. Compare savings accounts to find the best deal for you.

Holiday E-Cards - Tuck This Idea Away For Next Year

Shopping December 24th, 2009

This featured post is presented by Family Balance Sheet.

Every year in the middle of December, we scramble to order our Christmas photo cards, address the envelopes and mail them to our family and friends. Of course this year is no different and once again we found ourselves on December 15 without any photo cards ordered.

Continue reading Holiday E-Cards - Tuck This Idea Away For Next Year at Family Balance Sheet.

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