The Streak is Over

Game Worn Jersey CollectionIn the past I’ve talked about one of my hobbies — collecting game worn hockey jerseys.

I know, I know, totally weird to some — c’mon, dirty polyester?

Why?

But seriously, there’s a pretty sizable following and if you can believe it, the economy within the hobby is strong.

My best jersey commanded nearly 5-figures at the height of the boom (October 2007) and today, well, it still commands that same amount.

Almost makes it a wise investment, right?

I kid, I kid…

But the one downside to this hobby of mine is that for years it sucked me dry. Much of my former credit card debt can probably be attributed to my collection — I was easily dropping in excess of $500 per month, on average, adding to the collection. That’s a lot of money.

Some may even say it was wasted money. They might be right.

In 2008, I scaled it back. A lot.

Then, in June, I noticed that I hadn’t made a purchase in over a month — and I wasn’t really missing it.

Same thing in July. August, and then September!

Had I kicked the addiction?

Nope.

I relapsed this month.

Last week I bought a jersey on the secondary market (yeah, this bizarre hobby is big enough to have a very busy secondary market) for $115.

Anything under $300 is peanuts in this hobby so, for a sum that small, it’s not likely to increase in value anytime soon, or ever. Probably not a wise investment.

But, at the same time, for such a small price, I just couldn’t resist.

And that’s the bad part. This jersey’s arrival in the mailbox has me re-energized.

Just today, I was already pricing out $600-$1000 jerseys… Crazyness.

Step away from the keyboard…

Posted on October 22nd, 2008 at 7:43 pm by Brainy Smurf
Hockey Jersey, Mistakes | No Comments »

Debt in America

Credit Card Debt in AmericaFor most of last week, the talking heads had been gawking over the rising amount of debt American’s are carrying. The number thrown about was $8565 per household, apparently up almost 15 percent since 2000. And that’s just credit card debt.

I’m not really surprised. I’ve carried a lot more credit card debt than that with regularity.

Can you imagine if they roped in auto loan debt? I’d guesstimate that the average 2-car household owes more than $20k to someone just on their auto loans.

Student loans? Well, I think that those are more limited to people under 35. Tuition didn’t get stupid until the late 1980′s.

I don’t have student loans, but some of my friends do. My sister has ‘em. Roll those into the equation, double it to make it a household number and, well, yeah, Americans are definitely carrying a lot of debt.

That’s pretty sad.

As a result, I’m all but certain that most people are only a paycheck or two away from living on the street — to a degree, myself included. And my non-mortgage debt is under $4k!?

How can this be?

The real story isn’t actually the debt people are carrying — it’s really a case of our expenses.

In my case, my monthly expenses routinely exceed $2500.

It doesn’t take a skilled mathematician to tell you that if my income were suddenly non-existent, I could only continue on for a few weeks, at best.

What the general population needs to come to grips with is that it doesn’t matter if you make a $100,000 a year when you then go out spend $101,000… You’re not not getting anywhere.

You’re actually going backwards. Again, simple math indicates that.

I’m semi-guilty of that sort of mindset. I got a raise and bought a BMW.

Wanna talk about stupid?

Yeah, that was stupid.

Posted on July 28th, 2008 at 7:37 am by Brainy Smurf
Current Events, Finance, Mistakes | No Comments »

My Mistaken Interpretation of the FDIC’s Coverage

FDIC Logo
With the collapse of IndyMac and the news that it was the second largest bank failure ever (I’d never heard of them), the role of the FDIC is getting some press. So far, so good… In comparison to FEMA, the FDIC looks to have their act together.

Now I’ve always known about the whole $100,000 per account rule. Every bank teller window has a little sign. Every bank commercial mentions it with some super fast-talking at the end. It has something to do with the max that the FDIC would insure. Makes sense to me.

I don’t have any accounts that large, but when daydreaming about winning the lottery, I have put some thought into it.

Like, let’s say you win a million dollars. It’s no wonder that it’s suggested that you seek come money help before you even collect your winnings.

At first glance, it seems simple. Just open up 10 accounts and drop $100k in each one. Just to get you all set up before you start sending money this way and that way.

Simple enough, right?

But what about the interest? It’s going to put you well over the $100k mark in each account in no time…

Oh crap.

Alright, make it 12 accounts with $83k in each one. You know, room for growth. That would work, no?

I had it all planned out in my head. Probably not wisely, but I had it all planned out.

But now, having heard a few of the horror stories from account holders at IndyMac (as well as an hour or so or research on the FDIC website), I now realize that my plan wouldn’t work at all…

See, the FDIC really does insure $100000 worth. But it’s not per account like every single bank commercial I’ve ever seen seems to imply.

They only cover $100000 per depositor (in my case, per person) per bank.

There’s the catch. Per bank.

So my plan just got a lot more complex… Can you imagine having 12 different bank cards in your wallet?

(Oh wait, I can… I used to carry that many credit cards?!)

So now, upon winning the lottery, and before I start spending my new found fortune, I’d have to go out and find at least 12 different banks and open a new account at each one of them?

(I’m not sure I can even name more than 8 banks with local branches.)

The VaultThen, I’d have to keep track of where the balances fell in each account to make sure I don’t go over $100k or overdraw one of them. Wow… That’s a lot of work. And I’d still be too cheap to hire someone to do it for me…

Kind of makes the Scrooge McDuck method of banking look a lot more attractive…

Posted on July 20th, 2008 at 6:54 am by Brainy Smurf
Current Events, Finance, Mistakes, Savings | 2 Comments »

Seems I Spoke Too Soon about my Property Taxes…

Previous Property Tax BillsYeah, sure, the personal property tax on my two cars went way down (un-expectedly far down) this year, but upon logging in to my Countrywide account this morning, I see that they’ve just paid the city $1912.09 on my behalf for the property taxes on my home.

That’s up nearly $269 from the last property tax payment back in January 2008. Ouch.

Now I can’t say that an increase was completely unexpected — back in April I posted an article from our local paper with this quote:

“Most homeowners will see a property tax hike of at least $150 this year if the proposed budget eyed by the city’s Board of Finance is approved.”

With my personal property taxes (on the cars) dropping so much, I assumed that this tax increase (the budget was approved) would take effect in 2009. Evidently, I was mistaken. I hope, anyway…

So now I’m not sure whether to pat myself on the back because this proves that my house is more awesome than everyone else’s in town or if I should be irate that my taxes went up so much more than $150…

(In reality, my house is smack dab in the middle when it comes to awesomeness in the city.)

Sadly, though, this large of an increase will effectively wipe out half of the savings I’d receive if I ever manage to settle my PMI issue with Countrywide

Too bad I didn’t realize how great I had it back in 2003…

Posted on July 19th, 2008 at 6:12 am by Brainy Smurf
Finance, Mistakes, Taxes | 1 Comment »

Experience of Purchasing my First Home

Real Estate BookWhen I purchased my home in the fall of 2002, I knew going in that it was going to be a work in progress. A fixer-upper of sorts.

I mean, it was one of those real estate listings with “AS-IS” tagged on. Never a good sign.

I remember my real estate agent calling me up at work and saying that he had a few new listings come in that I might be interested in.

On the way home (my bedroom in my parents house), I stopped by the RE/MAX office and picked up the MLS sheets printed out from an inkjet running dangerously low on ink. It was nothing new, I’d been doing this for at least two months without anything that remotely peaked my interest.

For whatever reason though, that night, after dinner, I brought my younger sister along for a “drive-by” of two of properties the realtor had printed out for me. It was about a half hour ride in total and neither house really interested me.

The next morning, while at work, the real estate agent (who was obviously growing impatient with my complete lack of excitement from his suggestions) called again and I asked if I was interested in any of the properties on the MLS sheets.

“Nope.”

Now, at the time, in the summer of 2002 — houses were selling even before they hit the market. Certainly a different climate than we find ourselves in today.

I’d found a few homes that were perfect, only to find out that by the time they made the newspaper (or even the internet) and I’d caught wind of them, they’d already been sold — usually within the same real estate office that listed them. It was really frustrating.

It was almost to the point where buyers were putting down deposits on homes sight unseen.

Over my lunch hour, I did another drive-by of the two “better” homes that I’d driven by the night before.

One was an updated cape, but a bit smaller than I’d like, it only had a 1-car garage, and it was on a busy road.

The other was a big dark decrepit looking thing with grass approaching the 2 foot mark. Short of boarded up windows, it was obviously abandoned.

Hmmmmm…

What did I have to lose? I hadn’t actually gone through a house for a few months at this point, so I called my agent back and said, “You know what, yeah, let’s take a look at the red one and the tan one…”

I took the rest of the afternoon off from work and headed down to the real estate office — I had become a bit of a familiar face (and probably an inner-office joke of sorts) and as I was waiting for my agent to get his stuff together (i.e. find his lighter), the listing agent for the big red house, an older gentleman, said to me, “I think this is going to be your day…”

God damn shyster… Don’t you tell me… That’s what I was thinking — I didn’t vocalize it.

So we hit the tan house first.

The agent opened the front door and we walked in to two cocker spaniels barking their heads off. They were penned in the kitchen using one of those baby gates people use at the top of the stairs.

The house looked alright I guess, but it reeked of, well, dog piss. I mean really bad. We’re talking so strong that an entire case of Lysol canisters wouldn’t be enough to solve this. Needless to say, it didn’t leave me with a great impression.

MLS PhotoOff we went to the red house. That’s the actual photo attached to the real estate listing — from a distance, yeah, it looked semi-decent.

As we pulled up in my agent’s ashtray of a car, this time *he* said, “This is going to be the one for you!”

“I just hope it doesn’t smell like dog piss,” I replied.

We worked our way up to the front door and he struggled to get the old fashioned latch style storm door to open. One of the panes of glass on it cracked. Not a good start. We broke the house.

He finally gets the front door open and we walk in… Wow! Dark wood paneling (warped too!) and shag carpeting. I’d never actually seen a home so out of date in real life… Then the smell hit. Stale. Musty. Damp.

The house had been vacant for around 6 months and, well, let’s just say that it was pretty apparent. Still fully furnished with, well, cheap, old, sometimes broken, and, really, just crappy furniture…

Peeling wallpaper in the rooms that actually had wallpaper. Cobwebs everywhere. It really did look like a haunted house. Smelled like one too!

The MLS sheet stated that the home had hardwood floors. I guess that was truthful, but they failed to mention that they had been painted battleship grey.

The toilet had a post-it on it saying “Don’t flush”. I tempted fate and gave it a try. It didn’t flush.

No matter, it was a neat old house and I was feeling adventurous, so I went through single every room. Two of the bedrooms had 4 miniture size beds in them — not twin size, but not toddler sized either. Odd — unless the seven dwarfs resided here.

I checked out the walk-up attic, looked around the scary basement, and even hit the “play” button on the answering machine that indicated that there were 5 new messages.

As we left I was thinking, “Hey, that was kinda fun… No way in hell I’d live here, but it was a neat walk through…”

When we returned to the RE/MAX office, we looked through a few more listings through what they considered their “super secret agent only website” (I’d already seen every listing on realtor.com) and the listing agent for the big old haunted house poked his head into my agent’s office and said, “I really thought that was the one for you…”

I laughed him off, “Yeah, right…” and called it a night.

After sleeping on it, I felt my initial reaction was the correct one. Haunted houses are neat, but not exactly an ideal place to live. Even so, I drove by it again on the way to work.

It was a good 600 square feet larger than any of they other houses they’d steered me towards in my price range. It looked HUGE from the street. It had a two car garage. It was on a quiet street with well kept homes (excluding itself). It had an empty lot next door.

I arrived at work and called my agent to inquire about the lot next door — was it part of the property?

“The red one?”

“Yeah, the red one.”

He wasn’t sure. I heard him call out to the listing agent. He wasn’t sure either. I asked them to find out…

About an hour passed and the phone rang.

“Paul from RE/MAX is on the line.”

I took the call. He started off with his canned, “Good morning, how are you…” like he’d never spoken to me before. I really hated that. He did it all the time. Nice guy and all, but when you’ve been dealing with someone for a few months, you can drop the whole act…

Anyway, the property went all the way to the corner. It was just one lot, but a big one. I asked if the listing had been advertised yet.

“Nope, not beyond the MLS sheets.”

“Can I take another look?”

“Really? Yeah — sure!”

I went through the house again that evening but this time I didn’t treat it as a total joke…

This is the first post in an ongoing series I’m working on dealing with the large upgrade and renovation expenses involved when you purchase and live in an older home.

Posted on June 12th, 2008 at 7:35 am by Brainy Smurf
Bargains, Home Improvements, Life, Mistakes, Success | 3 Comments »

Nintendo Wii — A Budget Breaker?

Nintendo WiiOne of my more recent readers, Magic Penny, is a self described 50-something woman trying to come to grips with her financial situation. She’s very new to the blogging world, but she is certainly getting things together in a hurry with a set of goals, a budget plan, and a debt reduction plan.

I almost had to laugh out loud when I read her “Falling off the Wagon” post just three days after getting started! Hey, it happens to everyone.

No specific numbers are given, but it doesn’t really matter — she’s on the right path already. Of late, she’s been beating herself up over a recent impulse buy — a Nintendo Wii.

I ordered a Wii … there’s no getting around the fact that this was not in the budget and that I just put $344 on my credit card when this is the week I’m supposed to be facing my debts and planning to REDUCE them … I can have compassion for myself about this, but the fact remains that these are emotional buys, not needs and not thoughtful purchases.

We’ve got a Wii in our house. It was a gift from my wife for Christmas, and while I’m sure that she spent a fortune on it, I don’t really look at it as an un-wise purchase and here’s why…

First, sometimes you need to go out and treat yourself. Most everyone likes to spend money. It feels good. And as long as you’ll be able to pay for it down the road, there really isn’t anything wrong with spending a few hundred bucks now and then. I sometimes find myself falling into a miser category and in some ways, I think that’s a worse path than being a flagrant spender.

For me, yeah, I’m really tight when it comes to most things, but to keep me balanced, I’m also pretty well known to go out and blow a few hundred bucks each month on dirty polyester. Keeps me sane.

And second, while the upfront costs of purchasing a Wii are obviously high, if you’re wise about the games you purchase, you will most certainly get your money’s worth in the long run.

For the first month or so, the game the unit comes with was plenty of entertainment for us. We bowled. We played baseball. We played tennis. We golfed. We didn’t box very much though… it’s just not that fun in comparison. But the point is, that first game, that FREE game included with the system, provided us with probably 30 hours of entertainment in that first month.

Using Magic Penny’s purchase price of $344, that works out to about $11.50 per hour of entertainment. As we lost some interest in those original games (and our sore shoulders told us to take it easy and recover), I went out and bought Guitar Hero III. With shipping, that cost me around $100.

That game too has superb replay value. We played it for hours on end for a couple more months — say 35 more hours of gameplay time. Now, with $444 invested in the Wii, the hourly entertainment cost was already down to $6.83/hour. And in only 3 months time.

Then I got stupid. I went out and bought Super Smash Brothers for $50. With all of the hype surrounding its release, I relapsed to my 6th grade self (when Double Dragon was released) and just bought it the first week it was available.

The game sucks. I mean, it *really* sucks. Just a bunch of random button smashing. It isn’t any fun at all and I’d even say it has no replay value. None. My wife won’t even play. It’s just not fun. Seriously. I cannot stress enough how bad this game is.

Lesson learned, though. The Wii is a total money pit if you’re going to end up going out purchasing games for $50 each on a regular basis. But if you’re going to sit back and make wise purchases on games you’ll play over and over and over and over, it’s amazingly a pretty good value.

With kids, as Magic Penny has, the entertainment value is well worth the money — but the key is making wise game purchases.

Up next for us, probably sometime in August or September, is the latest MarioKart game or WiiFit — two more titles that look like endless fun.

Posted on May 30th, 2008 at 7:47 am by Brainy Smurf
Bargains, Mistakes | No Comments »

Re-focusing the Payment Plan… Again.

My house is protected by PMI!The more I think about it, the more I want to focus on paying down the mortgage.

When I paid off the last of my credit card debt, the house just happened to become the top priority. Not for any real reason other than the fact that I already had an automatic payment plan in place. With the extra money around, I just increased the size of my payments.

After around a month, though, I realized that it wasn’t exactly the wisest path to take. I switched things up and started paying down my auto loan instead. I also increased my savings rate.

But now, I’m starting to lean back towards the mortgage again…

Yes, all of this flip-flopping in just 2 months time. I should run for office.

I haven’t put anything into place just yet, but while going through my records, I noticed that my mortgage holder (CountryWide) does their escrow analysis on my account each year somewhere between October and November. For the past 4 years, anyway, it’s been one of those two months.

Now, my whole point of paying down the mortgage quickly is to eliminate the monthly PMI that I’m paying out of that escrow account.

Private Mortgage Insurance (PMI) – PMI is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent of their new home’s value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI.

PMI plays an important role in the mortgage industry by protecting a lender against loss if a borrower defaults on a loan and by enabling borrowers with less cash to have greater access to homeownership. With this type of insurance, it is possible for you to buy a home with as little as a 3 percent to 5 percent down payment. This means that you can buy a home sooner without waiting years to accumulate a large down payment.

Under HPA, you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals 80 percent of the original purchase price or appraised value of your home at the time the loan was obtained, whichever is less. You also need a good payment history, meaning that you have not been 30 days late with your mortgage payment within a year of your request, or 60 days late within two years. Your lender may require evidence that the value of the property has not declined below its original value and that the property does not have a second mortgage, such as a home equity loan.

Eliminating the PMI from my mortgage bill would essentially ensure that an additional $85.15 would go towards principle each month. (Technically, my minimum mortgage payment would go down after the analysis, but I’d continue to send in the same amount on my own — resulting in the $85.15 per month increase.)

That sounds like a good thing, right?

Well, considering that my regular payment applies less than $300 towards principle each month, an additional $85.15 is like increasing my payment by over 25% — and that’s without sending them an additional dime. That makes it very attractive.

As of today, I have $1901 more to knock off the principle before I can safely request that they remove the PMI from the calculation.

To be safe, I think I should press to reach that goal by September, at the latest, to ensure that I get there before they kick off their analysis procedure.

(I’m aware that I can request that PMI be removed any time after I reach the 20% level, but the escrow analysis locks in my monthly payment for an entire year. If I don’t make it by the upcoming analysis, what was going towards the PMI will just sit in the escrow account and result in an escrow overage. In that case, they’ll send me a check of the difference in November of 2009 after the next analysis — not exactly ideal which is why I’m trying to avoid the scenario all together.)

So, with most of my income for June likely being sucked up by our upcoming vacation, I’m thinking that, to be safe, I’ll have to send around $2000 extra towards the principle spread accross July, August, and the first few weeks of September.

That’s a definite possibility if I scale back the current plan of $1000 towards the car and $1000 towards savings each month.

Actually, if I were feeling really daring, I’d just take the $2000 I have in savings right now and send it right to Countrywide and call it a day (or year?)… Nah, not feeling it…

Posted on May 28th, 2008 at 4:49 am by Brainy Smurf
2008 Goals, Finance, Mistakes, Mortgage, PMI - Mortgage Insurance, Savings | 8 Comments »

Moment of Weakness: I Charged over $1k this Weekend

Killer Shopping CartThat’s right. I went back to my old ways this past weekend.

I blew through $1015.88 from Friday to Sunday — and I used a credit card to finance it all.

Things got off to a great start — I planned to finally clean out the basement this weekend, and along with some help from a 1 gallon jug of Mr. Clean, the basement (as well as the house) smells lemony-fresh inside.

Quite an improvement from the sewage odor we’d been, ahem, dealing with for the past couple of months.

And then came the spending binge…

Friday morning, I blew $111 on Tickets.com for some tickets to a show my wife and I are planning to attend while we’re on vacation. Eh, not too bad…

After work, my wife and I went to our nearest strip of big box stores — BestBuy, Circuit City, and Sam’s Club. Now, we’d planned to “stimulate the economy” by picking up a computer for my wife, and that’s just what we did…

We selected the Compaq AMD Athlon SR5421F at Sam’s Club which set us back $399.

Every CPU I’ve ever purchased has been Intel-based, so this was my first foray into the competitors market. I’ve also never been a fan of Compaq, but now that they’re one with Hewlett-Packard, well, how bad can it be, right?

It is a Vista machine, it has enough RAM to run properly, and best of all, the price was right. I couldn’t justify spending twice that on a machine that would probably work just the same… After getting it all set-up, I just might go back and replace my current machine as well.

Odd, after nearly a decade of spending in excess $1500 per CPU, I’m now happy with the $399 version…from, well, basically Walmart. Right now, her PC easily blows the rest of our computers out of the water — performance-wise. The hard drive is a little light, but we’ve got an external RAID on our home network to make up for any shortcomings.

In addition to the computer, who can go to Sam’s and not add a few “extras” to the cart? Total bill at Sam’s Club was $472.85. Ouch.

While at all three stores, we also priced out the little GPS units you see in so many people’s cars these days. The TomTom, the Garmin, and the Magellan. I don’t really want one of these because I somewhat enjoy getting lost, but at the same time, with our big vacation coming up (and my wife’s iffy map-reading skills), I thought it might be a good idea to pick one up.

Not really so much for the directions (the main feature of the device), but more for the little “Points of Interest” they list along the routes chosen.

Some of the most memorable things we’ve done on vacation have been at roadside attractions — this vacation, I don’t want to stumble upon them by accident — I’d rather hit them on purpose.

So after playing with them all at the store on Friday night, and writing down some prices, I did some research on them on Saturday. I was set on the Garmin models. They won out over the TomTom models because they included Canada in their built-in maps. The Magellan models were far too expensive for me.

The two models I was comparing were the Garmin Nuvi 260 and the Garmin Nuvi 350. The Nuvi 350 model cost a fraction more, and boasted lots of additional features — mainly being able to play mp3′s, give traffic advice (for an additional monthly fee), and it was also bluetooth enabled.

Okay, three things I have absolutely zero interest in or use for. The decision was made. I was going to purchase the Garmin Nuvi 260 for $221.49 from Amazon.

Now, just like any other wireless electronic, they nail you with having to purchase a lot of extras. Added to the unit, I bought a dashboard friction mount so I don’t have to use the ugly suction cup thing in the car.

In addition, and since I was spending money like it was going out of style, I upgraded our version of Microsoft Office to load on to my wife’s new computer. The Home & Student Version set me back an additional $97.99.

Saturday night, my wife wasn’t feeling well and asked me to go to the grocery store. It was a tough mission since I usually don’t do much other than look at people when in the grocery store.

The list included Gatorade, CocaCola, and cherries. Total damage was $18.51. I charged it because I don’t carry cash. D’oh?!

To finish off the weekend, on Sunday, I won an eBay auction for a game worn hockey jersey. It was only $52.00, and the shipping was another $7. Not too bad, but still, after the huge expenditures of the previous days, I should have held back.

In the end, here’s what the weekend’s final tally looked like:

$ 111.00   Tickets to show - Tickets.com

$ 399.00   Compaq SR5421F - Sam's Club
$  25.39   Tide Detergent - Sam's Club
$  13.54   Kingsford Charcoal - Sam's Club
$   5.18   RealLemon Lemon Juice - Sam's Club
$   4.28   Cocktail Croissants - Sam's Club
$  25.46   Sales Tax - Sam's Club

$ 221.49   Garmin Nuvi 260 - Amazon.com
$  27.29   Garmin Friction Mount - Amazon.com
$  97.99   MS Office Home & Student - Amazon.com
$   7.75   Shipping - Amazon.com

$   8.27   Cherries - Stop & Shop
$   4.99   Orange Gatorade - Stop & Shop
$   4.99   Coca-Cola - Stop & Shop
$   0.26   Sales Tax - Stop & Shop

$  52.00   Game Worn Hockey Jersey - eBay.com
$   7.00   Shipping - eBay.com

$1015.88   TOTAL

On the bright side, though I went back and used a credit card, I did it wisely this time. I charged all of them on a card with rewards (ooooooh!) and at the perfect time of the month to give me nearly a 40-day grace period.

In the end, no worries, I’ll pay it off in full before any finance charges come my way, but this could certainly negatively impact this month’s net worth numbers.

Posted on May 19th, 2008 at 9:53 am by Brainy Smurf
Credit Card, Finance, Mistakes | 7 Comments »

Dumb Purchases of the Past

Adobe InDesign CS2Following the six hundred dollar Canon Fisheye purchase in January of 2007, another complete lapse of financial responsibility occurred a few weeks later.

My dumb purchase for February of 2007 was Adobe InDesign CS2 — the successor to Adobe PageMaker, a desktop publishing application. You want to make slick looking PDF files? InDesign is the program to use.

I foolishly purchased it for a website design project that I had already completed (and been paid in full for). The client came back and asked that I turn my design into a hardcopy format — not really understanding that a booklet/brochure and an animated dynamic website were two totally different mediums… As if the animation wasn’t a dead giveaway…

I agreed to do it — without additional payment as they seemed to think that was part of the original proposal (and I didn’t call them on it) — but first I needed the software…

To my credit, I didn’t pay the full price…which happened to be $699 at the time.

I knew I wasn’t going to use this software very much, hardcopy is *not* my specialty, so I went looking for a legitimate copy of it on eBay. In the past, I’ve had pretty decent luck purchasing software there. To date, nothing totally bootleg has come my way.

In the end, my copy of Adobe InDesign CS2 set me back $300.

Since finishing up that project, I’d say I’ve used the program maybe 5 times. Sure, it’s come in handy in a pinch, but certainly not anywhere near $300 worth of handiness.

Posted on May 5th, 2008 at 7:54 am by Brainy Smurf
Computers, Mistakes | 1 Comment »

Dumb Purchases of the Past

I’ve been bouncing around the idea of doing a monthly “dumbest purchase” post and I think I’m ready to get started, but first I’ll need to recap some of my bigger missteps from the past…

One of the neat things about keeping a detailed log of your expenses is that you can easily go back and identify the bonehead moves (and do your best not to repeat them).

If you don’t already use something like Microsoft Money or Quicken to track your finances, I really suggest picking one or the other up and then trying to get into the habit of actually using them — it will save you a lot of money when you start to visualize where your money is actually being spent.

Canon EF 15mm f/2.8 Fisheye Camera LensSo, without any more filler, and just to get things started, I’ll venture back into the records and start way back in January 2007.

The dumbest purchase of January 2007 was a Canon EF 15mm f/2.8 Fisheye Camera Lens.

A what?

A fisheye lens is basically a super wide angle lens. You know those greeting cards with the dogs on them? The kind where the dog’s nose is huge and it looks like their snout is really long? That’s the effect of a fisheye lens.

For a photographer, it’s strictly a specialty lens. You know, something you don’t *really* need, but still something that’s nice to have in your arsenal. It’s a great way to make your photos stand out from the rest, but you need to use it sparingly because the distortion can get really cheezy if overused.

About a year earlier, another photographer let me borrow his fisheye while we were shooting a concert. Having had no experience with that type of lens, my photos were terrible, but I saw the potential that it had.

I had to have one.

I scoured the reputable used photo listings for months with no luck. That’s the thing — even though the fisheye isn’t used very often, it really is nice to have one, so very few are selling on the secondary market, at least at a fair price.

In the midst of hockey season, and the hopes of getting a goal cam set-up, I finally ordered one online from B+H Photo in New York City. Including shipping, it set me back $596.50.

Yep, 600 clams for something I’d rarely find use for.

Fisheye Results — What I’d hoped for…Nearly a year and half later, I’d say I’ve shot maybe 100 frames with that lens. That may sound like a lot, but during the hockey season, we’d shoot a minimum of 2000 total frames per week. Basically, the fisheye isn’t a workhorse. And it’s a secondary lens — it was very rare that I’d actually use it.

Only one fisheye shot has been a “keeper”. Just one — a panoramic arena shot. Hardly exciting.

That was my dumbest purchase (and largest too!) of January 2007.

Posted on April 30th, 2008 at 6:46 am by Brainy Smurf
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