31 Mar 2009

Yoga was therapuetic

Wow, it's been so long since I did a whole hour of Yoga. It was just some basic postures, not very challenging compared to Pilates, but it felt very very very good! Felt like crap after Pilates, ached for the entire week. Ok fine I'm just very out of shape :P

Anyway yoga made me happy, though I'm extremely exhausted, since we stayed another hour for Hip Hop by another instructor. Left knee hurts ):

Tired tired tired. I can't wait for Easter break!!

Have an interesting article to share (:

Want to Save Money? Carry Around $100 Bills

For shoppers in today's economy, there's just too much temptation out there. Sure, your pockets are tight. But there are clearance sales in every store and deep discounts down every aisle. So how do you stop yourself from spending — especially when you know that during this awful downturn, you should be saving every last penny?

Just arm yourself with $100 bills.

According to a new study to be published in the Journal of Consumer Research, shoppers are less likely to spend their dough if they are carrying cash in large denominations. This so-called denomination effect can be a powerful predictor of consumer spending habits. Through a series of experiments, the study shows that if people have an equivalent amount of money, say $100, the folks with a Ben Franklin in their pockets might not part with it, while those carrying Andrew Jacksons and George Washingtons more easily give up the cash.

What's driving the denomination effect? First off, some consumers see large bills as more sacrosanct than a bunch of chump change. "People tend to overvalue bigger bills," says Joydeep Srivastava, a marketing professor at the University of Maryland's Robert H. Smith School of Business and a co-author of the study. "There's a psychological cost associated with spending a $100 bill that's not there with spending smaller bills." We tend to isolate the cash in our minds. Each $20 is a separate, less valuable entity than that single $100 bill. So it's easier to part with five of those twenties than with a single precious hundred in our pockets.

Further, consumers fear that once they break that large bill, they won't be able to stop spending the rest. "Once that barrier is passed, it's like a dam gets broken," says Srivastava. "And we've found that when people decide to spend, they'll spend more with the bigger bill than with the smaller bill." Researchers have labeled this phenomenon the "what the hell" effect: "I've broken the hundred; it's gone from my wallet. What the hell, I may as well blow off the rest." So consumers, afraid that the "what the hell" effect will drain their wallets, hold on to those large denominations.

For example, in one experiment, the researchers gave 89 undergraduate business-school students from the University of California, Berkeley, and the University of Maryland a dollar. They told the students they could keep the money or use it to buy candy. About half the students were given a dollar bill, while the other half were given four quarters. Only 26% of the students who got the bill spent the money, while 63% of the students given quarters bought some candy. However, once they decided to spend, the students with the paper made bigger purchases.

The "what the hell" effect even crosses the Pacific. The researchers ran a similar test in China that yielded comparable results. They gave 150 housewives 100 yuan that they could either save or use to buy soap, shampoo, bedding and pots and pans. Half the women received the 100 yuan in a single bill, while the other half got it in the form of a 50-yuan bill, two 20-yuan notes and a 10-yuan bill. More than 90% of the women who received the smaller bills spent the money. Meanwhile, just 80% of the women given a single note spent the money. But among those in both groups who used their cash, the small-bill half spent an average of 56.76 yuan, while the large-bill half spent 67.67 yuan.

Since shoppers with bigger bills are less likely to make purchases, frugal consumers can carry hundreds as a form of self-control. From a recession-fighting perspective, however, self-control is Satan. The U.S. government is desperate for consumers to start spending again. So maybe the Obama Administration is approaching the economic stimulus the wrong way. Forget about tax cuts and grants to state governments. Just give people a bunch of $1 bills.

23 Mar 2009

Feels good.

Pilates nearly killed me. But it feels good. Very painful, but after all it's been a while since I seriously exercised... Felt a bit like jelly afterwards, quite different from yoga actually. Needed pure determination to make myself just raise up my leg for one more time, agony! Can literally feel my muscles straining and burning, would never push myself to such an extent if I were doing it myself, hehe...

Looking forward to Hip Hop on Wednesday!! Will be alternating between Pilates on Monday and Yoga on Tuesday.

Why didn't I start taking up the lessons earlier?

Well. I was lazy. By the time I felt settled down, it was cold. I was lazy. Didn't feel motivated enough. I was lazy. Hahaha...

Went on the cycle thingy for like 20 mins while reading, then played squash/racquetball for an hour. It's so much harder than it seems! )):

Adios for now, tired!

21 Mar 2009

Oops. Lots of dust.

Sorry I haven't updated in eons!

Really busy and also really blocked.

Spring festival (very belated) celebration dinner was tonight, sang 梁山伯于朱丽叶 duet with friend (girl).

Had rehearsal last night, until 11. Then had wardrobe crisis cause I had nothing bright to wear. Probably starting revising Math at midnight. Friday class at 10, 11 is lunch+duet practice, then Math exam at 12, class at 1, work from 2-5. Went back to dorm to change, then went to rehearsal. Then rehearsed and hanged around until dinner starts... FAMISHED! But, ate too much ): Probably shouldn't have eaten so much before singing, oh well, it was good chinese food though!

Yah... tired now! Sleep!

8 Mar 2009

DST!

Okay, I'm now officially 12 hours apart from Shanghai/Singapore/Hong Kong!

The weather today is super warm and sunny!! But tomorrow it starts snowing and goes below freezing point AGAIN. I'm annoyed at the repetitive cycles!

Oh well... Have to mug for my music mid-term! ):

It's only two months and two days till SUMMER HOLIDAY! I'm overwhelmed!!

3 Mar 2009

Thank you Aunt!!

I got your package!! :D

Thanks so so so much! So sweet! hehe <3

muah! xoxo!

Update: Pink dolphin spotted! It's actually an albino! More information here!

Update #2: 果然是一出门就会花钱! -_- 可是总算有好吃的了~

2 Mar 2009

Let's travel around the world!! Seriously!

You should check this out!!

Where The Hell Is Matt?

This guy is so insane but so cool!!! At first I thought he did everything on green screen!!

Man. I hope that by the time I'm financially capable of touring the world, some extremely smart travel agency has already devised a fool-proof travel plan! Cause I'm just so bad at planning, where do I even start?!

Will you be willing to work and save up for a few years, then quit your job and use up all your money traveling? Sounds nuts, but how else do we go about doing this since we're not going to become billionaires?

Sigh. On a sidenote, it's snowing AGAIN! Wow, is spring ever coming? -_-