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Knyteguy posted:This reminds me of my ex-girlfriend. One time we got in an argument, so she impulse shopped for $3,200!!! in clothes at Express (I saw the receipt). Her reasoning was that her father would pay for it. He made pretty good money as a lead air traffic controller but still. She was also 26, living at home, and making minimum wage as a hair stylist! She ended up marrying the son of a walnut farmer, but I'm sure she'll bankrupt the poor guy eventually. That's pretty hilarious. My college ex-boyfriend got literally everything paid for by his dad. Not only did his dad pay his rent and utility bills, but he also direct deposited $600 into my ex's checking account every pay period, which is to say twice a month. His reasoning was that his son needed to focus on his golf career and being on the golf team so he didn't have time for a part-time job while in school. He was a good golfer and all but not the star of the team or anything like that. As soon as he graduated, he got a factory job making ~40K a year. First thing he did was buy a brand new Ford F-150 extended cab super crew whatever the most expensive truck is, which cost somewhere around $45K. He also bought a brand-new Harley. I honestly think he bought them before he even got his first paycheck. Then the factory shut down and he got laid off! Haha. We were in the process of breaking up around that time so I'm not sure if he had to sell the vehicles or what. My guess is his dad just gave him money. Sometimes I wonder what he's up to, but not really, because I can pretty much guess. Oh and I just remembered this part, his dad had a BAD temper. Like, crazy bad anger-management type poo poo. His dad just happened to be my dad's direct boss so of course I got to hear about it from multiple angles. He had been the boss at this plant for maybe 5-6 years and made a lot of money obviously, and he actually was so horrible to his employees that he got fired about a year and a half ago. I mean, it has to be pretty bad when a guy that high up gets fired for being a dick. He was the plant manager for the biggest employer in my hometown. Not sure what he's doing now either. Basically I dodged a multi-generational "bad with money" bullet.
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Dec 17, 2013 20:55
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pathetic little tramp posted:True thing that was said to me on a date: "Well, this other guy I'm seeing inherited a brewery from his dad, and he's looking at buying some beachfront rental properties - what properties do you own right now?" I think the proper response to that question should have been to ask for the check and say goodnight. How obvious can a gold digger get?
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Dec 17, 2013 21:06
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Nail Rat posted:I think the proper response to that question should have been to ask for the check and say goodnight. How obvious can a gold digger get? Yeah what can I say, I just got out of an interesting relationship and she was hot to trot so I went for that followup text anyway. When she said no thanks I pretty much just thought "probably for the best."
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Dec 17, 2013 21:10
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Nail Rat posted:I think the proper response to that question should have been to ask for the check and say goodnight. How obvious can a gold digger get? The date's ruined anyway, might as well have fun with it. "So what properties do you own?" "Who are you, the IRS? Are you wearing a wire?"
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Dec 17, 2013 21:11
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pathetic little tramp posted:True thing that was said to me on a date: "Well, this other guy I'm seeing inherited a brewery from his dad, and he's looking at buying some beachfront rental properties - what properties do you own right now?" My way of loving with this would have been to say something like "I did the math, real estate prices are way inflated and I'm not walking into a market that's ready to crash". Undermines her confidence in the other guy at the same time. Bonus points if it were pre-2009, she might have called you back after the crash.
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Dec 17, 2013 21:16
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Knyteguy posted:This reminds me of my ex-girlfriend. One time we got in an argument, so she impulse shopped for $3,200!!! in clothes at Express (I saw the receipt). Her reasoning was that her father would pay for it. He made pretty good money as a lead air traffic controller but still. She was also 26, living at home, and making minimum wage as a hair stylist! She ended up marrying the son of a walnut farmer, but I'm sure she'll bankrupt the poor guy eventually. How's that even possible? Express isn't that expensive and they literally have a 40% off sale every day.
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Dec 17, 2013 21:37
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pathetic little tramp posted:Yeah what can I say, I just got out of an interesting relationship and she was hot to trot so I went for that followup text anyway. When she said no thanks I pretty much just thought "probably for the best."
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Dec 17, 2013 21:54
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Boris Galerkin posted:How's that even possible? Express isn't that expensive and they literally have a 40% off sale every day. I don't know, lots of $100 dresses or something? http://www.express.com/clothing/Apparel/View+All+Dresses/cat/cat550001?ICID=10566 I don't shop there, they don't have polos 
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Dec 17, 2013 22:17
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That is a a lot of hideous clothes. Express is like low-rent clubbing clothes.
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Dec 17, 2013 23:47
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Folly posted:I wonder how the cooks turn a profit. If Singapore is anything like Taiwan, it's a combination of : 1, It's much cheaper to produce in bulk 2, The profit margins are pretty low (nobody's getting rich as a street vendor) 3, Sketchy things like re-using oil or presenting the food to appear like more than it really is
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Dec 18, 2013 00:11
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If we're talking about exes with bad spending habits - mine was awful with money. Sadly, I got roped in to a few of her spending things because I was too scared to say no  First off, somehow she had accumulating $6k in credit card debt prior to dating me. She said she lived off them while she was without a job for two months, but they were high interest rates, and she got by with paying just the minimum payments on them. We met at school, and she was funding her school through student loans, which is fine and all, except she spent the money as if it was money she earned, like dining out a lot, or spending it on brand new clothes, getting manicures once a week, and going to her favorite coffee stand and buying a very expensive drink. So several times she took out emergency loans to cover some stuff since she had come up short. So buy the end of it, she had accumulated a lot more in loans than the average student had. She committed to spending $110 a month on personal training on a one-year contract because she "absolutely needed it" then proceeded to rarely go to any training sessions. Then she complained about hearing sounds in her car (I wasn't hearing anything that sounded awful as I drove it) and insisted on buying a new car. She ended up talking me into buying a new car with her, and we got a kind of crappy rate (3.75% was the best we got) and got a car we really didn't want because she didn't want to say no to a salesman. Then she realized when payments came, she couldn't afford to make them, so it fell on me to make the payments on the car. Bear in mind we were engaged at this time, and she wanted us to save for her dream Hawaii wedding. My payments for the car negated my ability to save for the wedding, and we postponed it (which soon got canceled after we broke up) because of that. After we broke up, she got the car, which I was alright with, since it meant I was no longer having to make that payment. They say financial issues are one of the top two things that can rip a relationship apart (intimacy being the other), and they aren't kidding.
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Dec 18, 2013 00:14
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Switchback posted:Fun fact! It's cheaper to eat out in Singapore than to cook at home. People just don't really cook. Most homes don't have ovens. Vegetables are loving expensive because almost nothing is actually grown here. I saw an organic red pepper once for over $9, shipped in from israel. I have to disagree, I can survive on  just fine for a week and that's a lot less than 3 meals x 7 days x $3.50 ($2 if you're eating at places of dubious hygiene every meal, I guess)
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Dec 18, 2013 00:43
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Boris Galerkin posted:How's that even possible? Express isn't that expensive and they literally have a 40% off sale every day. In a thread about being bad with money, something really needs to be said about this. They don't have a 40 percent off sale every day. Those are their regular prices. The marked prices on clothes in clothing stores are not real prices, almost no one ever pays those prices. They make you willing to pay more by putting a high price on the item and then marking it down. Are you more likely to be willing to pay 40 dollars at "full price" or 50 dollars at "50 percent off?" And the markup on clothing is HUGE. In China, you can get stuff that'd sell after "discounts" for 20, 30 bucks in the US for 1-2 dollars in bulk. If you're shipping it over by the containerload, shipping is negligible. And shops in China that I know for a fact are paying rent that would be on the high end in the US sell clothes for 2/3 or less of what you'd pay in the US. The only big difference to account for the difference in prices is wages...and to be fair, I have no idea what the wages vs. sales of a typical clothing store are like; but the difference per hour is something like 2 bucks an hour vs. 7.something. And AFAIK China isn't even the cheapest place to make clothes. Until you start seeing things marked down 80 or 90 percent, it isn't really "on sale." Don't buy clothes because you think you're getting a deal, you probably aren't. Buy them because you need or want that specific item.
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Dec 18, 2013 02:44
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quote:They don't have a 40 percent off sale every day. Those are their regular prices.
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Dec 18, 2013 04:23
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Haifisch posted:This is what I like to call the Kohl's/TJ Maxx principle. You can still get some decent bargains in those sorts of places, but you have to train yourself to ignore the "original" price and just look at the final price. You also should have a general idea of what an item costs outside of that store - if Kohl's is selling jeans for $40, that's not really that big of a bargain no matter what the "discount" is supposed to be. Man I must be the only person on earth who doesn't mind spending a hundred dollars on jeans or full price on other clothes. I buy a genuinely new piece of clothing like once every three or four years and it costs like three hours worth of net income. Even if I have to pay like $1000 for a new business casual wardrobe next year or so when I start a new job, the potential $500 in savings for sniping clothing sales for months seems kind of crazy compared to other ways that I could save money by driving less or cooking more with the time that I save not shopping sales. Time is zero-sum, you know.
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Dec 18, 2013 04:42
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I'll spend $100 on good-fitting jeans because they look and feel so much better than Lee's. I'll also spend on good hiking clothes, outerwear, and thermals. But most of the rest of my wardrobe is cheap. For example, I was looking for a peacoat for my commute, and department stores were selling for $300-$500. They looked nice, but I'm not the kind of guy who needs that, so I figured it wasn't meant to be. While shopping for other items, I saw some at Target for $70, so I made a note and budgeted for it. Next time I was shopping there, for a secret Santa gift, I saw they were on sale for $35. Snatched one up right then and there. My point is that you don't necessarily have to hunt for sales. Just be aware of what's out there, and don't be in a hurry to buy.
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Dec 18, 2013 04:58
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VideoTapir posted:Are you more likely to be willing to pay 40 dollars at "full price" or 50 dollars at "50 percent off?" Me personally it would depend on what that $40 is for and if I need it or not, but I get your point. Coming up the Black Friday this year my roommate kept saying things like "OMG look at this TV that's $500 off! No wait, this one's $600 off! I'm going to save $600 on this TV!" I also remember running into one of her friends at a party and they were talking about BF shopping and my roommate said she's narrowed her TV choice already to this 55" one, and her friend's first question was "How much are you saving?" Not, you know, how much is the TV, but literally "how much are you saving?" This train of thought is seriously so weird to me.
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Dec 18, 2013 05:09
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Reallycoolname posted:I have to disagree, I can survive on I really want to know how is this possible. for 3 different meals a day with meat and vegetables? Otherwise, I can claim to spend $10 a week if I just eat plain bread everyday.
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Dec 18, 2013 05:16
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tuyop posted:Man I must be the only person on earth who doesn't mind spending a hundred dollars on jeans or full price on other clothes. I buy a genuinely new piece of clothing like once every three or four years and it costs like three hours worth of net income. I still see this as an improvement over what I grew up with - my mom routinely complains about not being able to find nice leather belts/shoes she likes/etc, but also refuses to pay for the quality she actualy wants(no poo poo that every belt in your price range is made of plastic, you're only looking at the $15 ones! And you're pricing yourself out of half the shoes in the store by only looking at the ones that go for $30 or less! I'd almost say this is a form of being bad with money, but she finds things eventually. After several months of looking & bitching that she can't find what she wants.).
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Dec 18, 2013 05:29
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VideoTapir posted:In a thread about being bad with money, something really needs to be said about this. Also, since Express got mentioned, Express likes to run deals where they only give you the sale price if you buy more than you planned. They'll have some shirts that are ludicrously overpriced at $69.50 each. But if you buy three, they'll mark them down to $29.50. You go in there only wanting one shirt and planning to maybe spend $30-$50, but now they've pretty much boxed you into dropping $90 on three shirts.
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Dec 18, 2013 05:41
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Folly posted:I wonder how the cooks turn a profit. Because vegetables are not really that expensive here. Also cheap labour, long hours and sometimes cheap rental/government subsidies.
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Dec 18, 2013 05:43
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mrg220t posted:I really want to know how is this possible. Here it seems like we're running at 50/wk each with super fancy beyond-organic local meat and grocery store everything else, though we mostly eat root vegetables these days because out-of-season peppers and stuff are dear. This is a huge difference from Ontario (now in Edmonton) where EXACTLY the same food ran us $35/wk so it may just be your region. I'm pretty upset about a 50% increase in food costs but our income is up and fuel costs and other poo poo make up for the difference so I guess it's a wash.
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Dec 18, 2013 05:55
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mrg220t posted:I really want to know how is this possible. You learn how to cook well enough that no matter what the cheapest vegetable or meat is, you can eat it. Either that or you stop caring how it tastes.
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Dec 18, 2013 06:05
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Old Fart posted:I'll spend $100 on good-fitting jeans because they look and feel so much better than Lee's. I'll also spend on good hiking clothes, outerwear, and thermals. But most of the rest of my wardrobe is cheap. Peacoats sell anywhere from liek $50 - $1500 becuase they are different, fwiw.
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Dec 18, 2013 06:30
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You all need to shut the gently caress up and start posting stories about people who are bad with money. This thread turned into a dickwaving contest about who can be more frugal and that's basically what the entire rest of BFC is for. This thread specifically is for stories about people who are bad with money. So shut up about peacoats and consumer psychology.
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Dec 18, 2013 07:17
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The reddit person finance sub is amazingly terrible. I think I found a new Zaurg.
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Dec 18, 2013 12:51
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quote:and now that we've got our finances straightened out we have a little bit of debt, quote:And finally the school loans. They're low interest Stafford Loans, so I'm not really concerned about them. It's more of an annoyance to see monthly money going towards them, rather than a true financial burden.
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Dec 18, 2013 14:25
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reddit posted:I need to start an IRA of some sort, 27 years old and finally in a position to start this. As stated my boss at work is hooked up with this company called primerica investing. hahahahahahaha reddit posted:he first tried to rope me into becoming an insurance agent or a minion for him rather, promised "unlimited ability for money" and "financial independence" . Give reddit credit, basically every comment is STAY THE gently caress AWAY
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Dec 18, 2013 16:05
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To be fair to him, I have the exact same attitude towards my remaining student loan. It's such a laughably low interest rate thanks to consolidating at the right time, even at $200/mo i'm paying extra against the principal. The difference is that my student loan is the only debt I have outside of my mortgage.
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Dec 18, 2013 16:12
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Saros posted:The reddit person finance sub is amazingly terrible. I think I found a new Zaurg. quote:now that we've got our finances straightened out we have a little bit of debt, and some extra income. I'm looking for advice on what our course should be? 
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Dec 18, 2013 16:13
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devmd01 posted:To be fair to him, I have the exact same attitude towards my remaining student loan. It's such a laughably low interest rate thanks to consolidating at the right time, even at $200/mo i'm paying extra against the principal. The difference is that my student loan is the only debt I have outside of my mortgage. Also kind of how I feel about my 1.9% car loan.
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Dec 18, 2013 16:17
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 http://www.reddit.com/r/personalfinance/comments/1t6b8q/is_this_the_right_move/ posted:Hey everyone. I'm looking for some feedback on if I'm making the right decision here. Friends that I've mentioned this to have scoffed at the idea, but they're not the most financially sound folks I know. So here's the current situation. tl;dr: They bought a new motorcycle at an insane rate, their wife is pregnant, and their idea for saving some money is selling their only paid-off vehicle. Then they'll use the money to pay down their bike and buy a $2000 beater. They're also still paying PMI. It's a mystery why their credit score is so terrible!
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Dec 18, 2013 18:06
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best partquote:Friends that I've mentioned this to have scoffed at the idea... But gently caress them, tell me what I want to hear!
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Dec 18, 2013 18:13
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No man, they're not the most financially sound people he knows. What criteria do you use to judge that when you roll $1000 into a 13.378% loan for a bike while you're paying PMI?
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Dec 18, 2013 18:42
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But they got a raise at work! They needed to fulfill their dream of having a motorcycle that costs as much as a new car!
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Dec 18, 2013 18:47
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Haifisch posted:But they got a raise at work! They needed to fulfill their dream of having a motorcycle that costs as much as a new car! Right after they get pregnant too. A high-end sports bike after you get pregnant. It's like his wife wants to be a single mom. These people aren't just making bad financial decisions, they're making bad everything decisions.
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Dec 18, 2013 18:56
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What are these people doing that they make so much money but they have to take out loans and go so deep into credit card debt? It's seems every other post in /r/personalfinance is somebody that makes a billion dollars a year but has massive piles of debt. Edit: Here's a good example, http://www.reddit.com/r/personalfinance/comments/1t655t/paying_my_boyfriends_credit_card_debt_how_stupid/ quote:He has a lot of credit card debt. I don't know the exact amount. At least $10k, possibly up to $15k. We are both in well-paying professions. He already has a job for when he moves up here, and if it falls through, he'll be able to get another one easily. Yaos fucked around with this message at 19:54 on Dec 18, 2013 |
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Dec 18, 2013 19:46
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tiananman posted:Right after they get pregnant too. A high-end sports bike after you get pregnant. It's like his wife wants to be a single mom. Don't forget that he rolled over his negative-equity bike into that new one. He already had a bike, but had to get one of the most expensive sport-bikes on the market because ___________.
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Dec 18, 2013 19:49
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Yaos posted:What are these people doing that they make so much money but they have to take out loans and go so deep into credit card debt? It's seems every other post in /r/personalfinance is somebody that makes a billion dollars a year but has massive piles of debt. I would say the usual suspects: Tech (young, undersocialized, handed a pile of money), oil fields/rigs (young, undersocialized, handed a pile of money), and the military (young, undersocialized, handed a pile of money). 
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Dec 18, 2013 19:52
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Trilineatus posted:I would say the usual suspects: Tech (young, undersocialized, handed a pile of money), oil fields/rigs (young, undersocialized, handed a pile of money), and the military (young, undersocialized, handed a pile of money). Back home it was fishing. When a kid just out of highschool makes 60k in a week, it tends to disappear quickly. Which sucks when you're out of work most of the year and don't plan ahead for it 
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Dec 18, 2013 19:57
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