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DEAR RICHARD posted:Budget: 45 minutes walking to work really isn't bad at all. Also, do they not have monthly bus passes where you live? Walk, get a bike or get a goddamn bus pass dude, yeesh.
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May 31, 2014 18:27
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rrrrrrrrrrrt posted:45 minutes walking to work really isn't bad at all. Also, do they not have monthly bus passes where you live? Walk, get a bike or get a goddamn bus pass dude, yeesh. I used to walk 30-40 minutes to work and it was AWESOME! After I moved and started driving to work, I was wondering why I felt all down and slow - it was because I wasn't walking 4-5 miles/day anymore.
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May 31, 2014 19:28
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My coworker cashes all of his paychecks. We work in a field with a license, so it's not an ID/illegal immigrant/papers/taxes thing. So he gets his paycheck, goes to a check cashing place and pays to get it cashed, charges purchases and payments (and there's usually a fee with some services paying by card), and he pays bills with money orders where he has to wait at the post office or money order place or show up to an office with cash. His adult son who lives at home probably loves having a pile of money to dip into, and does so regularly from what I hear. But I just don't get why you wouldn't open up a simple checking account. He says he doesn't trust the banks. I mean who does, but I sure trust them more than I trust my apartment not to get broken into or catch on fire and burn up every dollar I own. Never mind getting at least 2% taken from every paycheck after taxes, which in NY/NJ already take a pretty hefty chunk. He also buys a new smartphone every 6 months, 'invests' in those advertised gold coins, and leases a new car for his unemployed quasi-student son while trying to wriggle out from under what sounds like a hefty mortgage. I just don't get it, dude. Also, commute chat: I used to commute 2/hr each way on public transportation, but I also had no money at the time (and moving was not an option). I sure didn't buy a car because it would've been more than the flat $112 I paid each month and I couldn't afford that. But I sure know some people who pay $200/month for parking plus whatever their car insurance and payments are because hoo boy, they sure won't sit on the subway for 45min when they can drive and find a spot for 30min! Then again, living in NYC is bad with money. Living anywhere with $10/bottle organic juice is bad with money.
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May 31, 2014 19:30
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BadSamaritan posted:Then again, living in NYC is bad with money. Living anywhere with $10/bottle organic juice is bad with money. Sounds like a business opportunity - set up a few kiosks selling juice for 9 bucks a bottle  On the other end of the spectrum of 'bad with money' is the frugality subreddit. People who have money to spare but can't bring themselves to use it so they do things like wash their clothes in 5 gallon buckets and experiment with which foods you can eat way beyond their expiry date. Being a poor student is one thing, but not allowing yourself comforts in order to save 50 bucks a month is another sort of bad with money. e.    quote:I have vices. I like pornography. I like sex. I like alcohol. Porno is free. Sex is.... Well, here's the deal. I realized that I'm no longer willing to put in the effort to woo a girl and the only thing I'm after is sex. So I am OK with hookers. In America, hookers can be expensive, especially for the level of attraction that I am willing to pay for. In Korea, it's as little as $80 to get a girl that I consider beautiful. Moving to korea for the cheaper hookers as part of a money saving strategy is all sorts of hosed up 
Guest2553 fucked around with this message at 19:48 on May 31, 2014 |
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May 31, 2014 19:33
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BadSamaritan posted:But I just don't get why you wouldn't open up a simple checking account. He says he doesn't trust the banks. I mean who does, but I sure trust them more than I trust my apartment not to get broken into or catch on fire and burn up every dollar I own. Never mind getting at least 2% taken from every paycheck after taxes, which in NY/NJ already take a pretty hefty chunk. I'd be willing to bet that he's unable to open a bank account or that he was on the banking black list but still resents it. The mindset sounds similar to some of the customers I dealt with in sub-prime finance. Even if it's just a weird ideological thing against banks, why doesn't he get a prepaid debit card like Netspend or something? At least that way he can set up bill payments and not run around like a jackass to pay his bills.
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May 31, 2014 20:37
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RommelMcDonald posted:I'd be willing to bet that he's unable to open a bank account or that he was on the banking black list but still resents it. The mindset sounds similar to some of the customers I dealt with in sub-prime finance.
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May 31, 2014 22:03
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Guest2553 posted:
Ahahahaha. This man has his own priorities figured I guess.
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Jun 1, 2014 01:25
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BadSamaritan posted:He says he doesn't trust the banks.
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Jun 1, 2014 02:55
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Bad with money: me driving 90 minutes to the nearest casino to play craps since I'd already won $1,250 shooting on two vacations and a business trip so far this year, and losing $900 this afternoon. Basic minimum competence with money: not going to the ATM and dipping into my account more than my predetermined maximum acceptable loss. Good with money: Calling the state gambling commission and banning myself from all my state's casinos. This was the first time I'd played an in-state casino and it was stupid to do so. It's one thing to go on vacation and set aside a few hundred bucks for gambling as entertainment money; it's another to just "drive to the casino cause I feel like it". Glad I've foreclosed that latter option for myself.
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Jun 1, 2014 04:33
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pig slut lisa posted:Bad with money: me driving 90 minutes to the nearest casino to play craps since I'd already won $1,250 shooting on two vacations and a business trip so far this year, and losing $900 this afternoon. This was kind of sad to hear but had a happy ending. Glad you didn't go out of control!
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Jun 1, 2014 13:39
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SiGmA_X posted:Netspend being a prepaid card is really funny to me. You can direct deposit to it, etc, so its basically like a bank account. That charges you fees. Seems really silly to me. On its face it's stupid and a terrible decision. But Netspend and other cards like it a targeted at a demographic that has no other choice but to go with them. Specifically people who hosed themselves onto the banking black list. Some cards are fancy enough to do ACH pulls like a real bank account and don't have any fees, except for maybe inactivity which most people using them don't have to worry about. Others were really sleazy and would charge something like $25 for every $500 deposited or charge you $1.50 for a balance inquiry over the phone, though you could check for free on the internet. It was something I dealt with frequently in sub-prime finance. I had to turn a few people down because they didn't have a bank account, and refused to open one, because they'd been cashing their pay check into their Green Dot prepaid debit card at the Wal-Mart check out point for years. Edit: Wal-Mart has its own prepaid card and they don't allow ACH withdrawals, which kind of fucks their employees out of financing anything that requires automatic bank drafts. The idea being you're incentivized to have the money there so you don't get slapped with bank fines and late payment fees from whoever is servicing the account. cumshitter fucked around with this message at 14:01 on Jun 1, 2014 |
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Jun 1, 2014 13:57
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Yeah that kind of ties into what I was saying about refusing to have debit/credit cards earlier but it makes me sad too. I feel bad when folks are drawn into that cycle of cash only life style where it screws them out of any long term wealth building potential. Its bad with money to refuse to use a bank or credit union and to refuse the use of credit or debit cards, but its not always an easy choice for the person. It is like Wal Mart forces them to be bad with money.
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Jun 1, 2014 14:18
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Do people not realize that the FDIC insures deposits, and that the set of circumstances that would cause the FDIC to renege on its obligations would mean that WAY worse poo poo was going down, like worse than an inability for depositors to access their money?
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Jun 2, 2014 13:42
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KYOON GRIFFEY JR posted:Do people not realize that the FDIC insures deposits, and that the set of circumstances that would cause the FDIC to renege on its obligations would mean that WAY worse poo poo was going down, like worse than an inability for depositors to access their money? It's more like that once you bounce a few checks and have a negative balance at a couple of banks, no one will give you a bank account anymore  They are all connected.
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Jun 2, 2014 14:02
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I am the one who is bad with money. I bought a goddamn $150 garden hose. Just because it has a spring loaded retractable reel, and I hate dealing with tangled hoses. On the other hand my wife's salary just went up $12000. 
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Jun 2, 2014 14:09
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Sudden Infant Def Syndrome posted:I am the one who is bad with money. Paying a premium for convenience is the best part of actually having money, hope that helps.
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Jun 2, 2014 14:24
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KYOON GRIFFEY JR posted:Do people not realize that the FDIC insures deposits, and that the set of circumstances that would cause the FDIC to renege on its obligations would mean that WAY worse poo poo was going down, like worse than an inability for depositors to access their money? There is precedent in Cyprus, I'm sure some guy who took his money out the week before feels awfully vindicated. Granted it'd take a lot greater of a crisis for it to happen in the US, but  .
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Jun 2, 2014 15:04
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silvergoose posted:Paying a premium for convenience is the best part of actually having money, hope that helps. I think this is why I may be bad with money. My wife and I save a lot, but then spend money to buy stress. For example, it is spring, so it is time for manual labor, er, gardening, where we spend a lot of time and effort and hundreds of dollars replacing plants that died over the winter. My wife wants to buy a green house so we can work and spend money all year round killing plants.
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Jun 2, 2014 15:23
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Man I bought a thing today that I didn't absolutely need to stay alive for another day, guess I'm in the Bad With Money club now too.
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Jun 2, 2014 15:27
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In my case I spent probably 5 times what a normal hose costs, just because I don't want to have to deal with having to wind it up or wrap it or whatever. I feel bad for spending so much, but man it feels good to just give it a small tug and it winds itself up.
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Jun 2, 2014 15:46
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Zo posted:Man I bought a thing today that I didn't absolutely need to stay alive for another day, guess I'm in the Bad With Money club now too. I think the point was more what you spend money on, rather than just spending money. We live a bit cheaply, but then turn around and spend the money on things that inconvenience us, rather than using what we have to make life easier. I call it buying stress.
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Jun 2, 2014 15:47
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If you just spend $150(okay say $350 if you go have a nice celebratory dinner) in response to a 12k raise instead of booking a 6k vacation that you "deserve" you're definitely not bad with money.
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Jun 2, 2014 15:55
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Sudden Infant Def Syndrome posted:I feel bad for spending so much, but man it feels good to just give it a small tug
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Jun 2, 2014 15:55
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Zo posted:Man I bought a thing today that I didn't absolutely need to stay alive for another day, guess I'm in the Bad With Money club now too. Me too! Fortunately I've been saving for the last few months for it, so I guess that makes it kind of a draw. On the upside it's incredibly useful for work related stuff. On the downside, I can't expense it to the company.
MC Hawking fucked around with this message at 20:19 on Jun 2, 2014 |
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Jun 2, 2014 20:12
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Jeffrey posted:There is precedent in Cyprus, I'm sure some guy who took his money out the week before feels awfully vindicated. Granted it'd take a lot greater of a crisis for it to happen in the US, but The population of just California is 33 times more than the entire population of cyprus. The two are not comparable at all.
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Jun 2, 2014 20:55
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Sudden Infant Def Syndrome posted:In my case I spent probably 5 times what a normal hose costs, just because I don't want to have to deal with having to wind it up or wrap it or whatever. I feel bad for spending so much, but man it feels good to just give it a small tug and it winds itself up.
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Jun 2, 2014 21:08
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Jeffrey posted:There is precedent in Cyprus, I'm sure some guy who took his money out the week before feels awfully vindicated. Granted it'd take a lot greater of a crisis for it to happen in the US, but Not the same at all. The Cyprus government literally didn't have the euros to make good and couldn't make them out of thin air. The US government has that latter option and would absolutely use it in a bank crisis severe enough.
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Jun 2, 2014 22:24
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Edit: nevermind, shitpost.
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Jun 3, 2014 03:01
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dividertabs posted:Has the topic of credit unions ever come up? The kind of person that uses "doesn't trust banks" to not open a checking account is probably someone who either has already been booted from a credit union, or doesn't know/care about the difference. A friend of mine got pretty hosed by never getting a credit card when he was younger to establish some form of credit history when he was buying a house. When they do a credit pull and the answer from the credit agency is a "who?", he got nailed on interest rates.
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Jun 3, 2014 05:34
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CitizenKain posted:The kind of person that uses "doesn't trust banks" to not open a checking account is probably someone who either has already been booted from a credit union, or doesn't know/care about the difference. How do you get kicked out of a credit union?
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Jun 3, 2014 05:38
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VideoTapir posted:How do you get kicked out of a credit union? I imagine constantly writing bad checks is one way, same as with a normal bank.
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Jun 3, 2014 06:16
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VideoTapir posted:How do you get kicked out of a credit union? I have a friend who was an idiot at 18/19 and wrote a bunch of bad checks. She's blacklisted from almost every bank and credit union in our city. She's great with money now, 10 years later but stuck with the one tiny little bank that will take her.
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Jun 3, 2014 17:05
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CitizenKain posted:A friend of mine got pretty hosed by never getting a credit card when he was younger to establish some form of credit history when he was buying a house. When they do a credit pull and the answer from the credit agency is a "who?", he got nailed on interest rates. Not to deny the truth of your post about the value of a credit card, but a credit card isn't do-or-die. I had a good credit rating when I got my mortgage, and I've never used a credit card. (I did have a stable income, some savings, plus I had been paying utilities and significant ($800/month) student loans for years without late payments.).
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Jun 3, 2014 19:01
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Might have to be adding myself to the bad with money. I let my wife do all of the finances since she's at home with the daughter and NOT WORKING (seriously starting to piss me off being poor) and I found out today that our credit card is almost maxed and the payment on it is late. I really don't know what to do with our finances and may be hitting up the budget thread shortly if this isn't sorted out.
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Jun 3, 2014 19:55
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I've got a friend who while very sharp and smart when it comes to work ethic and education, just doesn't have a limit on his spending habits. He's enrolled in a university (I believe it's like $15k/yr without grants and scholarships), sub-leases an apartment in 6 month increments that is about $500/month (most houses around the area are maybe $300-400/month per person) using loan money. Buys the latest smartphones off-contract and always sells them at a loss 2 months later. Owns 2 Xbones (he got one for a great deal!), a $1.2k PC (with a second monitor and Razer keyboard, mouse, and headphones), PS4, and a Wii-U. Not to mention all the games with it. Has a car that is fully paid off and works alright but insists on leasing a new car. I am curious what his loan situation is looking like.
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Jun 3, 2014 21:54
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Jastiger posted:Might have to be adding myself to the bad with money. I let my wife do all of the finances since she's at home with the daughter and NOT WORKING (seriously starting to piss me off being poor) and I found out today that our credit card is almost maxed and the payment on it is late. I really don't know what to do with our finances and may be hitting up the budget thread shortly if this isn't sorted out.  My kids all have 4 legs, they're ok w sleeping during the days. And we have a really large crate we use for the 2 small dogs because, and my lab roams the apartment as he wishes.
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Jun 4, 2014 00:19
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LLCoolJD posted:(I did have a stable income, some savings, plus I had been paying utilities and significant ($800/month) student loans for years without late payments.). Of all those things, only the student loans had any impact on your credit score.
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Jun 4, 2014 02:52
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SiGmA_X posted:Maybe take a more active role in the finances to start with. Do you use Mint/YNAB/Quicken/Something? And perhaps your wife could do some work from home type of thing. Stay at home parents are awesome, if the household can afford it and then the stay-at-home-mom/dad does house work and maintains budget and stuff. Otherwise it's a stress point, from what I've seen. I just throw my kids in a cage and go to work, and my gf potties them at lunch so that's all I can add to it I'm going to see how she handles the next paycheck with my big ole commission on it and act from there. We don't, but she dose have a budget tracker thing. I just got so mad when I brought up the late fee and she's like "its not a big deal. Rent is more important than some stupid late fee" and I'm like..well yeah, but this will impact our credit and we wanted to buy a house. Just make the stupid payment > I also see some Target purchases on there. I intentionally do not get anything to eat or drink at work, and I see her getting little drinks or snacks (which would otherwise be completely reasonable) yet I go without. Beh. She's looking, we'll just see how much further into debt we go here.
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Jun 4, 2014 03:00
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SlapActionJackson posted:Of all those things, only the student loans had any impact on your credit score. Interesting. I know very little about the process. http://www.nbcnews.com/business/autos/auto-buyers-load-record-amount-loans-n120136 quote:In the latest sign Americans are increasingly comfortable taking on more debt, auto buyers borrowed a record amount in the first quarter with the average monthly payment climbing to an all-time high of $474.
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Jun 4, 2014 03:16
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SlapActionJackson posted:Of all those things, only the student loans had any impact on your credit score. Hmm....you sure? My cell phone and Internet companies show as revolving creditors on my credit report. I can't see rent mattering though.
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Jun 4, 2014 03:22
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