Category Archives: Money Series

Want a Harlem t-shirt? Keep Harlem, Harlem tees now available

On this Harlem blog, I use tees to feature the subject matter, ie Harlem. Sometimes readers ask, where can I buy a unique tee with the name Harlem on it? Here’s an option. One of my favorite Harlem sites, Harlem NYC, is now offering Harlem tees to purchase. The t-shirt says “Keep Harlem, Harlem.” Pretty cool…huh? If you’re interested in purchasing this Harlem tee, go here! And to check out Harlem NYC like I do, click here.


Participate in Online Photo Contest, submit Harlem Holiday themed photos to win cash prizes

Douglas Elliman Real Estate, which in Harlem has an office located at 117th Street and Frederick Douglass Blvd., is celebrating the holidays with an online photo contest. The contest is all about holiday photos. The “Home for the Holidays” online photo contest allows contestants to post photos through the company’s app linked to the Douglas Elliman Facebook page for easy submission.

Fans can submit any holiday themed photo or memory using the hash tag #EllimanPhotoContest. Images are synced to other social media sites as well, such as Instagram and Pinterest. Contestants can use any kind of holiday spirit photo as long as it has a themed subject matter. Whether you take pictures of holiday decorations, loved ones, pets, menorahs, styles or festivities, there are no limits to the amount of photos that you enter for the “Home for the Holidays” contest.

First place winners receive $500 and are also going to be featured on the Elliman Facebook page with a video profile. Other social media sites will also feature the winner. Two runner up photos will also receive cash prizes for $250 each.

In order to win, photos will be voted on by contest participants and Elliman is providing a panel of experts to judge each photo submission. Judges will look at each photo for creativity, subject matter, aesthetic value and authenticity. Popularity of the photo will also factor into judging.

Photo submissions will be accepted through January 3rd.

So if you have great holiday photos, play the contest. You could win the cash prize! Happy Holidays Harlem!

Dear Harlem: Is it better to buy or rent?

There are those so-called “million dollar question(s)” out there in the universe around housing that we have all asked ourselves at one time or another. I know I have. And that is…is it better to buy or rent? It’s a loaded question…huh? Well, there is actually an online, interactive tool available now that is trying to help consumers answer that question: buy vs rent? It’s in The New York Times’ Making the Most of your Money section.

To use the online tool, fill in the information on your left, i.e. monthly rent, home price, etc. After you fill out the information, then place your cursor over the grid and it will reveal whether its better to buy or rent? Below are two samples.

Try it by going here. And good luck with finding the answer to that familiar question.

The Money Series examines how East Harlem spends their money

In our Money Series,  it has covered spending habits for the Harlem areas of 10027 and 10030. The Money Series continues with the focus on East Harlem. The zip code used to come with the data for this segment of Harlem is 10029.

The top three household spending areas for the 10029 area of Harlem resulted in shopping ranking first, health & family is second, followed by house & home. If you compare spending for 10029 with 10027 and 10030, 10029 ranks identical to 10027 in the areas of health & family and house & home. Each of these spending categories ranked second and third out of the top three spending categories versus 10030, these categories ranked first and second. The interesting fact out of all three zip codes was that 10027 was the only part of Harlem that had food and drinks in the top three spending categories. Food & drink did not even rank in the top three for 10029 and 10030.

On a 12 month average, household spending for 10029 includes: $461 for shopping. Next is health & family totaling $452. Most of the spending in this area is dedicated to school & child care and insurance. House & home follows with a total of $432 with the majority of this portion going toward utilities.

If 10029, 10027 and 10030 are compared in their shared ranking areas, which are health & family and house & home, 10030 spends the most on health and family at $798 versus 10027 spends $552 and 10029 spends $452. In house & home, 10027 spends the most at $472 followed by 10030 spends $434 and 10029 spends $432.

All figures are created from an online money management tool and based on ages from 18 to 65 years of age and above, all households (married with kids or without, male or female single with kids or without), and income starting at $20,000 to $125k and above.

Stay tuned as the Money Series will look into spending habits of Harlem residents versus other parts of Manhattan.

Money Series: Harlem spending for 10030 zip code dedicated to health and family

Yesterday, the Money Series gave a snap shot of how Harlemites spend, who reside in the 10027 zip code. Today, the Money Series continues by turning our focus on the residents of 10030.

The top three household spending areas for the 10030 Harlem resulted in health & family ranking first, with house & home next followed by shopping. The first two areas mentioned are identical to 10027 Harlem residents in terms of ranking. However, shopping ranks third for 10030 verses 10027 where it ranks fourth.

On a 12 month average, household spending for 10030 includes: $798 for health & family. Insurance cost make-up $277 with school & child care not far behind at $234. The next large cost is charity at $173. Healthcare, pets and personal care round the remaining total.

House & home follows with a total of $434. The majority of costs go toward utilities. Two-hundred and six dollars is dedicated to utilities. Next with $77 for home maintenance, $76 for home improvement and $75 for phone.

The shopping category came in third in terms of the top three spending areas. Harlemites from 10030 spend a total of $332. That figure is divided among general shopping at $150, clothing, shoes and outer wear at $113 and $69 goes towards electronics, office supplies and hobbies.

If 10027 and 10030 are compared in their two top ranking areas: 10027 spends $246 more than 10030 in health & family and 10030 spends $323 more than 10027 in shopping.

All figures are created from an online money management tool and based on ages from 18 to 65 years of age and above, all households (married with kids or without, male or female single with kids or without), and income starting at $20,000 to $125k and above.

The Money Series heads to East Harlem next. 10029 will be the focus!

Money Series: How Harlem spends their money

Household Spending 10027 12 month avg

I have been living in Harlem since 2006 and have witnessed enormous change since then with new restaurants opening on every major avenue, buildings popping up throughout upper Manhattan, and more new faces lining Harlem streets. With all this change, I have always wondered about spending. How do we, i.e. Harlem locals, spend our money? Where does all of our money go?

I researched the topic and unearthed some interesting numbers via an online money management tool on how we spend. In the Money Series, I will share data discovered by zip code from shopping to health & family to food & drink and more! First up is 10027 of Harlem.

On a 12 month average, household spending for 10027 includes: $568 for food &

Food and Drink 10027 12 month avg

drink, $269 is for dining out and $299 is for groceries. Next on the list is health & family. Harlem locals from 10027 spend a total of $552. The majority of the figure goes to insurance and school & child care with $166 and then $156. The remaining total is divided among four other categories shown in the graph.

After food & drink and health & family, house & income rounds out the top three

Health and Family 10027 12 month avg

spending categories. This part of Harlem spends a total of $472. Two-hundred and six dollars goes to utilities. One-hundred and twenty-four dollars goes to home improvement and $122 goes to phone. The remaining $20 is for home maintenance. The graph below displays the remaining areas of spending for 10027.

House and Home 10027 12 month avg

All figures are based on ages from 18 to 65 years of age and above, all households (married with kids or without, male or female single with kids or without), and income starting at $20,000 to $125k and above.

Next up in the Money Series is how Harlem locals from 10030 spend!