Friday Flight - Socially Responsible Investing, Bad Credit Cards, & Finding (literal) Diamonds #264

Social Activities

Matt Altmix and Joel Larsgaard reflect on the social activities they miss and plan to resume once it's safe. Matt emphasizes the irreplaceable value of in-person experiences, like attending sports events, which virtual alternatives can't match. Joel, an extrovert, misses interactions with friends and simple gestures like hugs, highlighting the deep social impact of the pandemic 1.

We are creatures who crave community. Though we've figured things out on our own, virtual hangs can't replace the real thing.

--- Matt Altmix

They agree that while some frugal habits may stick, the desire for social connections will drive people back to spending on these activities.

   

Frugality

The pandemic has led many to adopt frugal living habits, but will these persist post-COVID? Joel and Matt discuss how people have found cheaper, more efficient ways to do things at home, like dyeing hair, which may continue even after the pandemic. They also highlight the pitfalls of high-interest store credit cards, advising listeners to avoid them 2.

Once you learn that you can do something cheaper, faster, and better at home, will you ever go back to paying someone else more to do it for you?

--- Joel Larsgaard

While some frugal habits may last, the hosts believe the social aspect of spending will see a resurgence.