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The economics of entertaining at home

Last Saturday, we hosted a dinner party at our house. There were eight people, including me and W-. For starters, we served broccoli and cauliflower crudites with blue cheese dip and home-made hummus. For the main course, we served vegetarian chili and chicken curry, accompanied by naan bread and basmati rice. People brought dessert: halva, chocolates, sesame snacks, buns, and all sorts of assorted goodies. The party went from 7:00 to 11:30 or so, and we had tons of fun chatting about storytelling, university advice, and whatever else came to mind. After the party, we had a week of leftovers to feast on. I estimate that we ate just a third of the food prepared.

Ingredients bought for the party: $52.81 total
Home ingredients used: Approximately $10 (one pack of chickpeas, half a pack of black beans, half a pack of red beans, three packs of curry paste, assorted spices)
Estimated cost of party: ~$63 / 3 (as we only ate a third of the food available) = ~$21 total, or ~$3 each

plus the cost of whatever desserts people shared, of which we probably ate a fifth. Maybe a total of $4 each, for the whole meal + desserts?

I don’t think you can find a restaurant in Toronto where people can eat such a spread for $4, or stay for so long and chat with such ease without the waiters trying to drop hints about freeing up tables. ;) Nor could you find a restaurant with such friendly cats, I think – Luke was _such_ a charmer, immediately identifying the cat fans and climbing onto their laps for a good purr.

I traded time for these savings, of course, but not as much time as one might expect. Pre-cooking the beans using a pressure cooker took up most of my Friday evening, which was a good time to relax and unwind. Chopping everything up for all the meals took an hour, and cooking both the chili and the curry took another hour and a half – during which I was learning more about cooking, thinking about what was going on in the week, and planning what I wanted to do next. (And listening to bouncy Japanese pop songs…) Time well spent.

And the conversation and company? Priceless.

If we had more chairs, or found some way to squeeze more people into the house (in an elegant way that doesn’t mean some people are privileged enough to sit at the table while everyone else just stands around ;) ),I can easily scale up. It seems that the time and money I spent on the get-together could scale up to 24 people, and even more if we decided to make it a well-organized pot-luck get-together.

What would this house look like with 24 people in it? Where would people sit? How would we deal with the coats and shoes? Someday I’ll figure that out. =)

Tonight I’m attending a dinner get-together for recent hires in my department. The pre-set menu is $30 per person. Now that I look at that sum, I’m thinking, “I could host a quite a dinner party for that amount!” ;)

Short URL: http://sachachua.com/blog/p/5431

Credit card

Finally sorted out a Canada-based credit card. Yay! I no longer have
to course credit card purchases through the Philippines, getting
dinged on the exchange rate. Too bad I didn’t get it in time to pay
for my flight.

The credit card representative handling my activation call was really
hard-selling me on credit balance insurance. I wasn’t too sure I
needed it because I plan to pay the balance off in full each month,
which is the proper way to use credit cards anyway. He was really
pushing me to go for the 30-day review, but I was, like, ehh…
Something about hard sells raises my hackles, and I was rather
suspicious of the fact that I couldn’t go without and just opt in
afterwards.

So I Googled for “do I need balance protection insurance” and found the Government of Canada’s helpful factsheet on credit balance insurance, which led me to the totally awesome list of consumer publications from the Financial Consumer Agency of Canada.

Hey, governments can rock after all. =)

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Short URL: http://sachachua.com/blog/p/3782

Keeping track of envelopes in Gnucash

I sorted out my checking/savings account today, using Gnucash to keep
track of what is where. I’ve set up the transaction to pay my rent
from now until July 2007 and have earmarked the cash for it.

PCFinancial won’t let me have more than one savings account, but I’m
faking divisions with Gnucash, a personal finance program. Under
Accounts:PCFinancial Savings, I have “Earmarked” and “True savings”.
Because I can set up automatic bill payments only from my checking
account, I scheduled automatic transfers between my savings account to
my checking account. This is tracked under Assets:PCFinancial
checking:Earmarked and :Actual.

I need to talk to Mark at some point to figure out how my funding is
structured so that I know what kind of budget I have and whether I can
afford to cook for people more often. =) I _hope_ the increased
funding from You-Know-Who translates into a raise in my fellowship, as
it’s quite a bit more than my previous funding.

Nice to have everything sorted out. =)

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Random Japanese sentence:

猫が窓を引っかいているのが聞こえる。 I can hear a cat scratching at the window.

Short URL: http://sachachua.com/blog/p/3313

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