London on a Credit Crunch Bonus
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If your job is related to investing money you have borrowed in Japanese Yen into 'risk-free' tranches of mortgage-backed CDOs, or selling AAA-rated CPDOs to investors which include your grandparents, you might want to consider the following.
While it is unlikely that living in London will become any cheaper, it is quite possible that - come the end of the year (or whenever your B-day is) - you might have to become just that.
So it's worth considering the options of how you can still have a good time in London even though the expensive purchases you had lined up (the 911 you promised your wife, or indeed the full repayment of your Chelsea townhouse) might have to wait a little bit longer.
Dining out in the West End does not have to be off limits, even on a small bonus. Since we have all been to The Ivy and Hakkassan, your friends will be very understanding - if not delighted - when you take them to The Stockpot on Panton Street. A three course meal for less than a tenner. Decent food like your mom used to cook before you left for Harvard Business School.
That nice Rolf Benz leather sofa you picked out for your Shoreditch loft? Maybe somebody who finally gave up on London is trying to get rid of one on Freecycle! All you have to arrange for is pickup.
Or maybe you like your drink with a view of the City? Since Vertigo and Le Coq d'Argent might be stretching your funds, grab a bottle of Oddbin's finest (Leadenhall Market) and pay the reasonably priced £2 admission to get on the top of the Monument. The views are esssentially the same.
Then again, not unlike the credit markets, the Monument is currently undergoing extensive refurbishment and is not due to re-open until December 2008.
Maybe by the time it is accessible again, so will be your personal funding!
So it's worth considering the options of how you can still have a good time in London even though the expensive purchases you had lined up (the 911 you promised your wife, or indeed the full repayment of your Chelsea townhouse) might have to wait a little bit longer.
Dining out in the West End does not have to be off limits, even on a small bonus. Since we have all been to The Ivy and Hakkassan, your friends will be very understanding - if not delighted - when you take them to The Stockpot on Panton Street. A three course meal for less than a tenner. Decent food like your mom used to cook before you left for Harvard Business School.
That nice Rolf Benz leather sofa you picked out for your Shoreditch loft? Maybe somebody who finally gave up on London is trying to get rid of one on Freecycle! All you have to arrange for is pickup.
Or maybe you like your drink with a view of the City? Since Vertigo and Le Coq d'Argent might be stretching your funds, grab a bottle of Oddbin's finest (Leadenhall Market) and pay the reasonably priced £2 admission to get on the top of the Monument. The views are esssentially the same.
Then again, not unlike the credit markets, the Monument is currently undergoing extensive refurbishment and is not due to re-open until December 2008.
Maybe by the time it is accessible again, so will be your personal funding!
Here Is The Writer : Billy No Box
Billy No Box has worked in the city for six years, and currently works in Derivatives for a North American bank. He enjoys playing golf, reading books by Umberto Eco, singing "Copacabana" in the shower and at karaoke bars, and occasionally updating his blog about London and everything else.
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