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BigDave posted:Who the hell still uses checks? Or accepts them? Yeah I can only pay my rent through rent. My favorite is I sent my rent "late" once on the 3rd instead of first (assured a 5 day grace period), they don't process it until the 10th and try to charge me a late fee. Every other month I send it on time and they still don't process it until the 7th at the earliest.
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Mar 10, 2014 05:08
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Guest2553 posted:Be careful with that, the US (and some other countries) have no legal obligation to honor them. Interesting. Canada (where I live) seems to be one of the few countries where the date on the cheque actually means something.
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Mar 10, 2014 05:58
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VideoTapir posted:Perhaps she can't get a credit card. I was wondering if it was that, but she managed to find an option that's arguably worse. Writing a bunch of bad checks could make it impossible for her to even get a bank account, right?
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Mar 10, 2014 07:41
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more friedman units posted:I was wondering if it was that, but she managed to find an option that's arguably worse. Writing a bunch of bad checks could make it impossible for her to even get a bank account, right? Would that make payday loans impossible, too?
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Mar 10, 2014 11:19
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A girl I'm quite crazy about turns out to be bad with money. At least she has no debt, except modest by US standards UK student debt. Right now I'm trying to persuade her that no, getting a 400k pound mortgage for a big house in the countryside is not a good idea. At least she insists that it'd be her taking the risk, not me, and it wouldn't be shared debt, but she still thinks it's a risk worth taking. Neither of us are fully done with studies or started a career yet. 
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Mar 10, 2014 14:29
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Zeppelin Insanity posted:A girl I'm quite crazy about turns out to be bad with money. At least she has no debt, except modest by US standards UK student debt. If you love her don't let her do it. If she does it anyway then shes effectively forced your hand: sever. Ain't no pussy on the planet worth a life of crippling debt. Now is the time to set the precedent for the financial expectations going forward. My buddy has a gf he's been dating for three years now and found out a month ago that she has over $17k in consumer credit card debt. This is in spite of the fact that her parents paid for her private school and college educations in full, she still lives at home, and she has NO bills to pay. The $17k isn't even accounting for her two year old financed SUV that's broken down with serious repairs in the last month. So I imagine her debt is really around $30k all said and done. Oh and she makes $35k/year. Gg marketing degree.
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Mar 10, 2014 14:47
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Why the gently caress would a bank give a 400 thousand pound mortgage to someone who hasn't started a career yet? Is the UK doing what the US did ten years ago now? Because it doesn't really work out in the end.
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Mar 10, 2014 17:43
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more friedman units posted:Why wouldn't she use a credit card and pay the balance off when her paycheck is deposited? Chances are if someone is resorting to floating checks, they probably can't get a credit card or the ones they have are maxed out.
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Mar 10, 2014 18:41
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I think it also has a lot to do with working in payroll, so we're very knowledgable about when the money will exactly hit the account. I can't imagine her credit is too terrible. She just got an auto loan on an Audi that's been breaking down, and hasn't defaulted on her NINJA loan house so yeah there yah go.
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Mar 10, 2014 18:48
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Nail Rat posted:Why the gently caress would a bank give a 400 thousand pound mortgage to someone who hasn't started a career yet? Is the UK doing what the US did ten years ago now? Because it doesn't really work out in the end. They won't. You can get maybe x4 or x5 your salary as a mortgage and she'll need at least 5% deposit (probably at least 10%). So, she'll need £20k deposit and to be earning £80k to qualify. As a new graduate, I'd be surprised if she gets £25k
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Mar 10, 2014 19:07
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She does want to save up 30 for a deposit first, so it's not as insane as people who want to do zero money down. Not going to let her, of course. It's just shocking to me the lack of financial education in the school system. Mortaging and owning an expensive house is kind of the cultural default, and it's ridiculous.
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Mar 10, 2014 21:33
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Duckman2008 posted:Yeah I can only pay my rent through rent. I pretty much have my bill pay sent to mail out my rent check 3 days before it's due for this reason. I always thought most places had instant check verification stuff now. I know we did when I was a cashier almost a decade ago. That or I had no idea what it did when I ran the numbers through the machine.
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Mar 11, 2014 00:46
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Zeppelin Insanity posted:She does want to save up 30 for a deposit first, so it's not as insane as people who want to do zero money down. Well fortunately it doesn't really matter if she saves it up or not, because no UK bank is going to give her a mortgage that she can't possibly make the repayments on - until she's making 80-100k.
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Mar 11, 2014 10:17
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And thankfully she's smart enough to listen to me regarding finances. I needed to vent, though. "Signing yourself away to a life of financial slavery is a bad idea" should really be taught in schools or something.
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Mar 11, 2014 14:43
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Zeppelin Insanity posted:And thankfully she's smart enough to listen to me regarding finances. I needed to vent, though. "Signing yourself away to a life of financial slavery is a bad idea" should really be taught in schools or something. I just bought a house in the uk and the system for approving mortgages is going through some changes. Used to be the most they would lend was a flat multiplier of your salary. About four times your salary max if you have no other debt. It's changing to take into account more details about your personal situation though so it's about to get even stricter. I wouldn't worry about her actually buying a 400k house she literally couldn't .
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Mar 15, 2014 12:28
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I don't understand people who take risks like floating a check and just kind of "hoping" that their paycheck clears before the person they wrote the check to tries to cash their check - especially today when many banks make it really easy to deposit a check electronically. When I got my first job, I was terrible with money, and always pretty much broke before pay-day, but in order to keep myself from overdrawing or floating bad checks I would pay rent in cash to make sure that there was never a huge check floating around. I had a really weird bank that let you withdraw ANY denomination from their ATM, down to the penny. So I would always chisel down my balance to almost nothing and buy ramen and poo poo. The idea of having a check bounce was just repugnant to me. But I also didn't have a credit card until I was in my late 20s, mostly because I didn't like the idea of having high interest debt... The average person has such an unhealthy outlook towards debt - it's almost like this country's problem with obesity. Putting things on the tab (whether it's debt, unhealthy food choices) to be dealt with later is our national past-time.
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Mar 15, 2014 15:43
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I used to have a roommate who owed some bank like a couple thousand dollars or something, so he never had a bank account while he lived with us so he would be "off the grid" or whatever. He paid his rent every month with a money order. I haven't seen him in a few years, but I'm sure he's still doing the same thing. edit: A lot of my coworkers are pretty terrible with money too. A lot of them have kids, and they make about $10/hr or so, but still get food delivered or go somewhere to eat every day. I have no idea how they can afford that. I work in management and can't even afford that. Well, I can afford it, but I put a money into savings instead of blow it on lovely food. There is no way any of them have any savings. GAYS FOR DAYS fucked around with this message at 17:31 on Mar 15, 2014 |
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Mar 15, 2014 16:22
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https://www.youtube.com/watch?v=_0cl1JkWv-k&t=381s There's a video of a guy who lands a job right out of school with Intel as a software developer, probably making at least $60k/yr according to glassdoor.com. He's discussing in his video game live streaming how he left that job after a year to move back in with his parents and pursue his passion: playing video games online and relying on donations from his stream watchers. Actually, those stream watchers are bad with money too. Who paypals $50 to some internet stranger because they like to watch them play video games?
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Mar 16, 2014 19:49
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canyoneer posted:He's discussing in his video game live streaming how he left that job after a year to move back in with his parents and pursue his passion: playing video games online and relying on donations from his stream watchers. With enough viewers plus ad revenue he's probably doing alright for himself. Can't say I wouldn't. e. Assuming I didn't mind dying alone, that is. But that's more bad at life than bad with money, arguably 
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Mar 16, 2014 20:15
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canyoneer posted:https://www.youtube.com/watch?v=_0cl1JkWv-k&t=381s I know why give someone who keeps you entertained money when you can spend it on uhhh on what exactly? Expensive meals? Fancy hats? Micro handcrafted artisan beers? I personally wouldn't give that much but I can see why some people do. Although that's probably the max before I think it's silly.
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Mar 16, 2014 20:27
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Guest2553 posted:With enough viewers plus ad revenue he's probably doing alright for himself. Can't say I wouldn't. The thing with YouTube money is it's fleeting. No way are you going to stay popular for 30 years in such a way that you can save for retirement or plan a budget like you would with a normal job.
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Mar 16, 2014 20:28
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Duck and Cover posted:I know why give someone who keeps you entertained money when you can spend it on uhhh on what exactly? Expensive meals? Fancy hats? Micro handcrafted artisan beers? I personally wouldn't give that much but I can see why some people do. Although that's probably the max before I think it's silly. If given the choice between giving someone $50 to watch them play video games, or buying the video game myself...
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Mar 16, 2014 20:38
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FrozenVent posted:If given the choice between giving someone $50 to watch them play video games, or buying the video game myself... I enjoy watching some games more than I do playing them and I doubt I'm alone. Of course the opposite is true as well. Fighters? I rather watch. Action RPGs? I rather play. Some people watch football (Seriously why? Whatever) others enjoy video games and some people might actually watch and enjoy both! Duck and Cover fucked around with this message at 21:17 on Mar 16, 2014 |
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Mar 16, 2014 20:47
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Back in 2010 my friend at work's money troubles came to a crescendo. He's one of the wilfully stupid people who centuries ago darwinism would have taken out the gene pool but who will probably represent 95% of earth's population in 2200. He lives at home and was taking in about £1100 after tax. Some of this (£250, which covered all his living expenses) went to his mum whose mental acuity he inherited. The rest was spent on weed and gambling. He still insists point blank that he makes money gambling on football coupons, but this is because he only remembers the times he wins, not the weeks he pissed £20 away. Anyway he said one day poo poo was hitting the fan with debt collectors, he'd been running up an overdraft and maxed a credit card. He decided it was time for some drastic action. For most people this involves centralising the debt and living within their means. Instead he took out another £800 (via some dodgy high apr credit card or something) and bet it on Holland to beat Uruguay within 90 minutes. At the time he was 26. Holland won 3-2 with a couple of flukey goals and Uruguay really deserved a draw. Anyway he won about £500, gambled £200 of the winnings away and used the rest to make a small repayment.
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Mar 16, 2014 21:06
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FrozenVent posted:If given the choice between giving someone $50 to watch them play video games, or buying the video game myself... I have so little time these days that I want to see the game played and the story and all that but I don't have the time to learn the game, get better at it, beat it etc. Take Dark Souls for instance. I tried it - I just don't have the time to actually get better at it. Much prefer to watch a LP. It's kind of depressing to me actually. No games have cheat codes anymore. Sometimes I just want to turn God mode on and have some fun.
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Mar 16, 2014 21:49
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pathetic little tramp posted:The thing with YouTube money is it's fleeting. No way are you going to stay popular for 30 years in such a way that you can save for retirement or plan a budget like you would with a normal job. Not only that, but it seems the people who do make something off it put in seem to have to put in significantly more time for every dollar they make compared to a basic 9-5.
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Mar 16, 2014 23:01
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canyoneer posted:https://www.youtube.com/watch?v=_0cl1JkWv-k&t=381s I send money to NPR and stuff because I get hours of entertainment from them. I don't really see a difference between this, which some consider charity because NPR, and donating money to free software devs or youtubers. Unless you're sending them a huge portion of your income and can't feed your cats because of your compulsive LP supporting, this really doesn't apply. Now that gambling guy,  mental illness is terrible.
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Mar 17, 2014 00:18
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tuyop posted:I send money to NPR and stuff because I get hours of entertainment from them. I don't really see a difference between this, which some consider charity because NPR, and donating money to free software devs or youtubers. Unless you're sending them a huge portion of your income and can't feed your cats because of your compulsive LP supporting, this really doesn't apply. The thing is, there's not exactly a shortage of people sitting around playing videogames.
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Mar 17, 2014 20:20
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CheesyDog posted:The thing is, there's not exactly a shortage of people sitting around playing videogames. Why would that matter? There's no shortage of musicians but most people don't view paying for music they like as "bad with money"*. And you could argue that really good LPers have some kind of skill in banter or narration or whatever, but it doesn't matter. People like weird poo poo like sports and pay thousands of dollars a year for that stuff. * the caveat of course being scale. If you spend yourself into ruin on cars, sports, or little figures that you paint, that's bad with money. If you spend like 1-5% of your income on poo poo you enjoy then it doesn't matter, even if that poo poo is literally setting your money on fire. At least a money fire doesn't constantly yell at you that your life sucks unless you buy more garbage like cable tv does.
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Mar 17, 2014 20:46
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Never thought I'd see someone in the Business, Finance, and Careers subforum defend quitting a software engineer job to go play video games full time, but here we are. Content: A girl I work with went in to the Toyota dealership for an oil change on her 2010 Avalon last week. She drove out in a brand new 2014 Toyota Avalon.
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Mar 17, 2014 21:31
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canyoneer posted:Never thought I'd see someone in the Business, Finance, and Careers subforum defend quitting a software engineer job to go play video games full time, but here we are. Hahahahahahaha. Did they give her like $500 for the car as a trade-in?
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Mar 17, 2014 21:36
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canyoneer posted:Never thought I'd see someone in the Business, Finance, and Careers subforum defend quitting a software engineer job to go play video games full time, but here we are. Did she just get confused and drive the wrong car off the lot?
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Mar 17, 2014 21:39
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canyoneer posted:A girl I work with went in to the Toyota dealership for an oil change on her 2010 Avalon last week. She drove out in a brand new 2014 Toyota Avalon. I posted a story like this a couple of pages ago (I think). It's amazing how people think they're not getting ripped off because their payment isn't changing. "It's a free upgrade!!"
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Mar 17, 2014 21:44
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Rick Rickshaw posted:I posted a story like this a couple of pages ago (I think). It's amazing how people think they're not getting ripped off because their payment isn't changing. "It's a free upgrade!!" That's pretty much what my mom did. She just came home one day with a brand-new Camry. She did ask me if I wanted to buy her old one, in a "I think I might sell my Camry soon" sort of way. It was a nice offer and she was giving me a huge discount but I couldn't afford it (plus I like my current car). Then a couple days later, boom. $30,000 new car in the garage. Also my dad upgrades his motorcycle every time one of his friends does. I am moving to a new house with no washer and dryer. I told my mom and she said "Don't buy anything, we may be getting a new washer and dryer!". Less than 3 days later they bought a brand-new set, and now I have their old (as in 3 years old) set. I can't complain too much but drat mom. Literally any excuse to buy something new and they will do it. She told me that she had been meaning to get a new washing machine because one of the agitator arms broke off. I asked her how much that would cost to fix (because I'm now the one that has to pay for it) and she said you can get them for $20 bucks. So instead of fixing a $20 problem they just got a $1200 new set. At least their kids benefit  They're actually really good with money, their huge impulse purchases just freak me out.
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Mar 17, 2014 22:38
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razz posted:That's pretty much what my mom did. She just came home one day with a brand-new Camry. She did ask me if I wanted to buy her old one, in a "I think I might sell my Camry soon" sort of way. It was a nice offer and she was giving me a huge discount but I couldn't afford it (plus I like my current car). Then a couple days later, boom. $30,000 new car in the garage. Also my dad upgrades his motorcycle every time one of his friends does. Consider it as your parents giving you portions of your inheritance early
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Mar 17, 2014 22:46
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canyoneer posted:Never thought I'd see someone in the Business, Finance, and Careers subforum defend quitting a software engineer job to go play video games full time, but here we are. I don't think anyone's defending the guy who quit his job? They're defending the people who make micro-donations to an entertaining Twitch Streamer. I think watching someone stream games is exactly the same was watching any sport on TV (maybe even better because you can possibly directly interact with the Twitch players, at least). Besides, that Twitch player seems like a pretty intelligent guy despite being coddled by his parents, and I don't think he'll have a hard time finding gainful employment once he comes to his senses. He's not bad with money unless he's got a mountain of debt obligations he's not paying down. He's just lazy tbh.
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Mar 17, 2014 22:47
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My coworker just came in with a brand new phone and ipad as part of a whole deal from switching plans. On one hand this story could end here because dropping that sort of money and financing all of your phone gizmos is a great way to raise your monthly costs on poo poo that loses value. Except on valentines day he did a full screen replacement on his phone that cost over 100 dollars, so he could have an uncracked screen phone for a month. While this is on top of he's told me that if he lost ONE paycheck he'd be under on everything. I'm also starting to get annoyed when my coworkers bring up all the poo poo they can't afford to buy until payday rolls around. Like literally complaining about 5 dollar purchases of things coming around because payday is a week out. I'm going to go nuts someday.
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Mar 17, 2014 22:54
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canyoneer posted:Consider it as your parents giving you portions of your inheritance early Haha, no kidding! They actually threaten me with leaving me their house. It is full of stuff. So much stuff. Huge expensive stuff. And I'm such a minimalist. They know it would destroy me!
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Mar 17, 2014 23:01
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canyoneer posted:Never thought I'd see someone in the Business, Finance, and Careers subforum defend quitting a software engineer job to go play video games full time, but here we are. No-one's defended that guy. It's the "pay for watching someone play video games". I watch more streams than I do TV, I haven't donated to a streamer ever, but I don't see why paying someone who's entertaining you is bad with money. The only difference I see when compared to paying to watch cable TV, or a movie at a theater, is that donations to streamers are for the most part entirely voluntary. And with just about all of them if you subscribe for $5/month they give you a bunch of added benefits as well.
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Mar 17, 2014 23:21
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Rick Rickshaw posted:I posted a story like this a couple of pages ago (I think). It's amazing how people think they're not getting ripped off because their payment isn't changing. "It's a free upgrade!!" I hate it when scummy car salesmen ask, "How much do you want to pay a month? We can make it low and affordable." Yeah no poo poo. Why can't every car be sold with the Amazon/Tesla model again?
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