Subscribe to our RSS Feed

Queercents is a syndicate of personal finance writers serving the lesbian, gay, bisexual and transgender (LGBT) community. Through our writings, we are dedicated to helping you lead a moneyed life.

Ready to get started? Subscribe to our RSS feed and never miss a post (or comments). Prefer email? Sign up for our newsletter.

Joys and Perils of a Luxe Life: Giving Back

Being a gay homemaker has given me the time and opportunity to peer into a lot of different worlds. A few years ago a friend asked if I would help her with a charity benefit for a non-profit children’s educational organization. I had the time, so I said, “Why not?”  Besides, I’ve been very fortunate. Wasn’t it time that I gave back?

The first committee meeting was in the loft of one of the charity’s co-chairs. The epitome of Manhattan’s socially progressive and community-minded, the hostess made me feel welcome, being the only man (and a gay one at that) among the dozen or so well-heeled thirty- and forty-something women. Most of the women in the room had children in the private schools associated with the charity, which was foreign and a little intimidating. I didn’t go to a private grade school. I didn’t even have a child. But here I was in the very thick of it.

I assumed that most of the women were there because they knew each other socially and this was just something to occupy their time, an expected activity that was just part of the price of entry into their social strata. That’s partially true. But as they spoke I was impressed by their intelligence and eloquence. More importantly, they had a genuine interest in the issue and a sincere desire to give back and contribute in a tangible way. With subsequent committee meetings and chats over coffee, my respect for them was coupled with genuine liking. What a remarkable group of women. I had gained entrée into their world in a way few men have.

What I didn’t expect was that I could relate to them on many levels. While in the most obvious way I certainly wasn’t one of them; in another way I was. Much of my life mirrored theirs. They, too, no longer worked. Many had strong professional backgrounds they had left behind but continued to carry with them. They had similar relationships with their spouses. Read the rest of this entry »

Joys and Perils of a Luxe Life: Pressure to Upgrade or Content with what You have?

The recent controversy about the auto bailout has revealed a disturbing truth to me: our economy, indeed, our very society, is based on the constant replacement of consumer goods with newer versions. I don’t believe I’m wrong in believing it’s a large part of the problem. Yes, we’re buying a lot of foreign cars, and American autoworkers may make more than their counterparts at other factories, but we’re also not buying new cars often enough. Two-year leases anticipate this need, a perceived obsolescence. One is led to believe that a new car is more technologically advanced, has better handling, and is safer. It is a positive statement about your intelligence and consumer savvy. Even better, it will add to your sex appeal, popularity and your very happiness. And this promise is not specific to just the auto industry. It cuts across every consumer product category. If your cell phone doesn’t have the latest features, do you somehow feel cheated? Don’t you want to upgrade it? Upgrade your life?

I noticed the other day that there’s even a men’s magazine called “The Upgrader,” which provides “better living through better stuff.”  Surely I’m on to something here if an entire publication is based on this assumption. It’s an insidious pressure placed on us by clever marketers leveraging our hunter/gatherer instincts, our sense of self and our vanity. One hears it everywhere. “Did you see the new (insert item here)? You just have to!”  “Clothes make the man.”  Perish the thought that you’re “so two seasons ago.”  No, not your clothes—you! It’s very deeply ingrained in our society and is communicated to us in many ways. I still remember the “Patty Duke” episode (obviously it was a re-run—I’m not that old) where she shows up at a party in a dress the hostess donated to a charity thrift shop. OMG! Patty was so mortified, as were we on her behalf.  Her dress wasn’t just old, but it had actually been discarded. I never forgot it. Yeah, I guess that’s kind of strange, but I’m trying to make a point here. Read the rest of this entry »

Joys and Perils of a Luxe Life: Financial Fluency: Learning His Language

So many couples I know are composed of opposites, and I always find Jay’s and my equivalent in other couples we meet. There’s the solid one, like Jay, and the “creative” (less stable?) one, like me.  It usually follows that the more “responsible” one tends to be in an industry that suits that type of personality, often the finance industry.  Hey, if there are any goofy, creative types in the finance industry, please excuse my gross generalization here.

However, let me assert that many of us in our community exaggerate our roles in public. It becomes part of our “routine,” often played for comic effect. In our case, I’m the irresponsible, emotional one; Jay is the stable, rational one. I run around buying incomprehensibly expensive things with wild abandon while Jay plays his role as the shell-shocked, fiscally-conservative spouse. In many ways, it parodies the roles men and women play in heterosexual relationships.

On another level, it mirrors the way in which we assume roles from an early age. It’s been suggested by child development professionals that we purposely assume different strengths and weaknesses as children so that we don’t compete with our siblings, reducing potential conflict and rivalry.  There is certainly a degree of overlap, but direct competition is avoided. (Don’t ask me why I know this. I just retain random info.) Perhaps because same sex couples are composed of individuals of the same sex we have a greater potential for competing in the same space. So we naturally begin to separate our roles and turn up the contrast between our personalities. Butch/Fem. Dominant/Submissive. Saver/Spender. But is anyone really 100% or as polarized as we’re supposed to be? Read the rest of this entry »

Joys and Perils of a Luxe Life: Schadenfreude and Conspicuous Consumption

I’ve purposely abandoned what I anticipated to be my next posting in this series because of current events and the reader response to my previous post—especially the concept of frugality veiling. I described that as that attempt to appear virtuous by balancing our luxury purchases with seemingly frugal (and futile) gestures. I was delighted that readers identified with that. I’m anticipating you might also identify with the following.

I’ll not so secretly admit to all of you that I’ve always been amused by the whole concept of schadenfreude, which is a German word the describes the delight one feels when witnessing another person’s misfortune.  Wikipedia defines it as “largely anticipated delight in the suffering of another which is cognized as trivial and/or appropriate.” Usually I experience it when someone I don’t like slips and falls in an especially awkward way. I try not to smile—at least visibly. Recently, the whole concept has new relevance and meaning.

You see, my partner, Jay, has been anticipating this for years. While, I made fun of the financial disaster library he created over the past few years with all the books he was reading on deflation and market downturns, I listened to him (he who reads everything like a little information processing machine). He’s in the industry; I’m not. And even I could understand the link between demographics, over-speculation and over-leveraging. I embraced his opinion. I even decorated a room in the country house to accommodate his financial disaster library: the Bear Room (cute, right?). Our friends, though, were strangely closed to his opinions. Read the rest of this entry »

Joys and Perils of a Luxe Life: Comfort’s Discomfort

Jay always kids me about how I bounced back and forth above and below my credit limit until my mid-thirties, teetering on the edge of he terms “certain financial collapse.” Yes, I lived beyond my means. But it was my (loveable) little quirk, and its familiarity was comforting (to me). Jay, on the other hand, is different. He is fiscally responsible and cautious. He believes in living below one’s means. He gets finance industry bonuses. He saves them. He’s so weird.

Over time, and with changing circumstances, we both changed. We changed each other. He transitioned from Gap to Gabbana: I stopped overspending (sort of). He started appreciating things, and I started understanding the value of money. His money and my money became our money (sort of). We were able to afford more than just the necessities. We could now buy luxuries. However, neither Jay nor I had grown up what I’d call “comfortable.” Maybe it’s different for those who did. For us, growing into “comfortable” came with a range of discomforts. Here’s what I’ve identified:

The Not-My-Money Dilemma
This surfaced when buying non-essential items for myself. It’s one thing to buy household necessities; it’s another to splurge on oneself with one’s own money. It’s an entirely different matter the first few times you spend income that you, yourself, haven’t earned. On yourself. I found myself asking whether I could truly justify the purchase. After I had—usually by amoritizing the purchase price over several wearings—I snuck the new purchase into the closet (yes, I’m talking clothes) and let it “age” until it seemed as if it had always been there. Read the rest of this entry »

Joys and Perils of a Luxe Life: In Dependency

Upon reflection I probably shouldn’t have rearranged my bedroom furniture to the point of structural failure or been so focused on organization and décor, but I think the die was cast when my parents helpfully offered their opinion that I’d make a good housewife someday. A strange thing to say to a nine year old boy, yes, but nevertheless they said it. Strangely, it kind of came true.

Despite my eventual and all-too-long-in-the-making professional accomplishments in the design industry my salary remained a tangible reminder of the disparity between the arts and finance. My compensation remained a fraction of my partner’s finance industry income. But I drew a great deal of satisfaction from my work, and we were building a very nice life together. Actually, it was really nice. As the years progressed my partner became increasingly successful and, hence, busier. At the same time I was starting to get aggravated by my business partners (because they were aggravating) and hate my clients (because they were hateful). On top of that our life was getting increasingly complicated. We were acquiring things that took more time to care for. Not a bad thing, just a fact.

So I left my firm and took on just a few clients. When those projects ended I starting thinking about how the extra time I had made certain things possible—nicer. I had been able to meet with contractors, source goods and services, bring decorating and organization to a new level. That got me thinking that managing our life could become a full-time position. It’s nothing new outside the LGBT community, but what did it mean inside it? Would I be stigmatized? I certainly am not handsome enough to be mistaken for a trophy anything. Well, maybe on a good day. But, seriously, how would I be perceived? What would it feel like to be dependent on my partner? Read the rest of this entry »