Sunday, March 8, 2009

Rich vs. Poor

Last week, P and I finally got around to exchanging some yen for our upcoming trip to Japan. The exchange rate has been fluctuating quite a bit the past month. Of course, the rate was much better before the economy downturn but it's still okay now. In January, it was $1=70 yen and then it gradually went up to 76 yen and has been pretty consistent at that rate. Maybe it was our luck though, the day we went to exchange money was the only day it went up to 77.5, so we considered ourselves pretty rich with our dollar to yen exchange.

Yesterday, I went over to my friend's house to hang out. I'll call her M for convenience. M and hubby owns the house and are both full time teachers. On top of that, they also tutor students but she tells me they hardly eat out and do not have much savings because they have to pay tuition for extra course work they're doing. This made me reflect on my own financial situation. I'm certain that M and hubby earn a greater income than P and I together; yet, P and I still go out to eat often and are even going on vacation despite the upcoming big expense in the summer. Of course, we hardly have any savings too since I just earned the luxury of not having to pay tuition and whatever we have would be going to the wedding. However, we would think that we would be missing out on the many leisures of life if we can't even treat ourselves to eating out twice a week or so and to hopefully go on vacation once a year or even just once every 2 years. Hmm..should we be feeling poor? I wonder.

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