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Gorman Thomas posted:I have a friend of a friend who got an entry level software job at Zynga at 110k/yr at age 21. A month after closing on a condo in SF last year those massive layoffs happened and he lost his job. He got a new job shortly after for a little less money but maaaan that could have gone south real fast. I've been considering moving over to the west coast for a while now but stories like this are keeping me over here nice & safe cuddling the fed gov't teat. The whole tech scene in San Fran is way too silly right now and I don't think the party's gonna be lasting much longer.
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Sep 4, 2014 18:10
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Necc0 posted:I've been considering moving over to the west coast for a while now but stories like this are keeping me over here nice & safe cuddling the fed gov't teat. The whole tech scene in San Fran is way too silly right now and I don't think the party's gonna be lasting much longer. You can interview there now and presumably they will fly you out after a first round interview over the phone, you wouldn't have to move and then hope. Obviously I don't know what you make now but I suspect that even a few years of work would pay off, even if you had to move back after a few years, especially if you are early in your career somewhere else. I like NYC better than SF at the moment but jobs are more competitive here.
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Sep 4, 2014 18:15
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My lovely job just offered me a vacation buy option which lets me forfeit a week's worth of wages to get 5 extra days of personal holidays. As someone coming from a country where having like 40 days is the standard and being offered only 10 at my current job, and now being told that I can buy an extra 5 days at a 1:1 ratio I'm frankly insulted by the idea. Are people who buy vacation time bad with their money or am I overreacting?
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Sep 4, 2014 19:46
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Boris Galerkin posted:My lovely job just offered me a vacation buy option which lets me forfeit a week's worth of wages to get 5 extra days of personal holidays. As someone coming from a country where having like 40 days is the standard and being offered only 10 at my current job, and now being told that I can buy an extra 5 days at a 1:1 ratio I'm frankly insulted by the idea. Are people who buy vacation time bad with their money or am I overreacting? Is someone with the option to sell back their vacation days and work instead for extra pay bad with money if they ever take a vacation? It's the same question. Time off is worth a lot to people, for me honestly a week off would be worth more than a week's wages. I'm not sure how many weeks off it would take for that not to be true, but it's more than two.
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Sep 4, 2014 19:49
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I think it depends on your salary, if you're a highly paid professional in America you're almost certainly not getting enough vacation days compared to any other civilized country. If I could buy vacation days at 1:1 I absolutely would. When I started this job I tried really hard to negotiate on more vacation time, but they wouldn't do it and instead gave me like an extra ~8k/year. But joke is on them, since I can take unpaid days no problem which is almost exactly the same as buying days at 1:1. I only get 3 weeks/yr, and have taken unpaid days for large trips where going for less than 2-3 weeks doesn't make sense. Only having 2 weeks/yr vacation is pretty awful and it's gross that Americans don't take more days off.
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Sep 4, 2014 19:53
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Taking this to a logical extreme: If my boss offered half time(20 hours a week) for half pay, I would jump on that like Oprah on a baked ham. It's me, I am bad with money.
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Sep 4, 2014 19:53
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MrKatharsis posted:Taking this to a logical extreme: If my boss offered half time(20 hours a week) for half pay, I would jump on that like Oprah on a baked ham. It's me, I am bad with money. I would consider it, though I'd rather do 40 hours a week for half the year. 10 hours a day twice a week would be pretty good too though. 4 hours a week for 5 days a week doesn't seem worth it.
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Sep 4, 2014 19:55
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MrKatharsis posted:Taking this to a logical extreme: If my boss offered half time(20 hours a week) for half pay, I would jump on that like Oprah on a baked ham. It's me, I am bad with money. I would do it if I still got full health benefits. Such bullshit that good/affordable health insurance is tied to full-time employment in this country.
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Sep 4, 2014 19:57
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Necc0 posted:I've been considering moving over to the west coast for a while now but stories like this are keeping me over here nice & safe cuddling the fed gov't teat. The whole tech scene in San Fran is way too silly right now and I don't think the party's gonna be lasting much longer. It's not a bad idea, just interview with real companies instead of Trendy-App-of-the-Week VC-backed zero-revenue bullshit ones.
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Sep 4, 2014 20:18
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Jeffrey posted:Is someone with the option to sell back their vacation days and work instead for extra pay bad with money if they ever take a vacation? It's the same question. Time off is worth a lot to people, for me honestly a week off would be worth more than a week's wages. I'm not sure how many weeks off it would take for that not to be true, but it's more than two. I mean just as how I can't fathom someone buying vacation days to up from 10 to 15 I can't really fathom someone selling back vacation days either for money. In my head it's like… those are vacation days. They are/should be a given and shouldn't cost or be worth anything. This whole idea is really weird to me.
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Sep 4, 2014 20:25
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It's really no more weird than negotiating for salary - You and your employer are dickering over how much labor will be exchanged for how much money. And clearly you understand that vacation days have value since you're annoyed at having so few of them.
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Sep 4, 2014 20:33
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Necc0 posted:I've been considering moving over to the west coast for a while now but stories like this are keeping me over here nice & safe cuddling the fed gov't teat. The whole tech scene in San Fran is way too silly right now and I don't think the party's gonna be lasting much longer. NYC is pretty hot for tech right now, with all the big names having offices in downtown, and a shitload of financial companies if you're ok with being treated poorly for obscene pay. You don't have to leave the east coast!
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Sep 4, 2014 20:36
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Boris Galerkin posted:I mean just as how I can't fathom someone buying vacation days to up from 10 to 15 I can't really fathom someone selling back vacation days either for money. In my head it's like… those are vacation days. They are/should be a given and shouldn't cost or be worth anything. This whole idea is really weird to me. It's not true though. If you're on a salary, you're being given a certain amount of money per year with the understanding you have X days off. There is a cost per day that works out there. If the company is fiscally responsible at all they know that number(or rather how many hours you will work that year and what it's costing them). Increasing or decreasing days off increases or decreases their cost per hour/day of productivity. Your idea only works if the government says you have to provide a certain number of days, no more, no less, under any circumstances. It also works if it's an hourly position, not a salaried one, and you'll only be paid if you're actually there.
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Sep 4, 2014 21:09
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Your total compensation is your benefits + salary. Buying 5 more vacation days on top of 10 reduces your working time by 2% and your salary by 2% but reduces your total compensation by less than 2%, so they're selling you vacation days at a discount.
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Sep 4, 2014 21:33
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I guess my dream world is one where everybody would sweet government subsidized wages (ie living wage), plus a bonus wage for your specific speciality (eg engineering, teacher, janitor, whatever), both of which would be government mandated and readily found on a spreadsheet so that negotiations aren't needed, government mandated this is X holidays you get no matter what you do, and government paid for insurance. One can dream 
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Sep 4, 2014 21:42
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quote:everybody would sweet government subsidized wages (ie living wage), plus a bonus wage for your specific speciality (eg engineering, teacher, janitor, whatever), both of which would be government mandated and readily found on a spreadsheet so that negotiations aren't needed
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Sep 4, 2014 21:47
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I get 29 + 8 public holidays as standard and still bought 5 more this year. You work to live not the other way.
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Sep 4, 2014 22:08
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Boris Galerkin posted:I guess my dream world is one where everybody would sweet government subsidized wages (ie living wage), plus a bonus wage for your specific speciality (eg engineering, teacher, janitor, whatever), both of which would be government mandated and readily found on a spreadsheet so that negotiations aren't needed, government mandated this is X holidays you get no matter what you do, and government paid for insurance. Edit: vvv drat straight vvv
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Sep 4, 2014 22:31
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Socialism is only for those willing to risk their lives to defend capitalism.
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Sep 4, 2014 22:31
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Boris Galerkin posted:I guess my dream world is one where everybody would sweet government subsidized wages (ie living wage), plus a bonus wage for your specific speciality (eg engineering, teacher, janitor, whatever), both of which would be government mandated and readily found on a spreadsheet so that negotiations aren't needed, government mandated this is X holidays you get no matter what you do, and government paid for insurance. Wouldn't this still end up with most people working spending most of their lives working? I'd rather dismantle that than try to make a neat little plan where everyone works their hardest all the time. I admittedly benefit from the current system which probably turns me off of this instinctively.
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Sep 4, 2014 23:00
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Boris Galerkin posted:I guess my dream world is one where everybody would sweet government subsidized wages (ie living wage), plus a bonus wage for your specific speciality (eg engineering, teacher, janitor, whatever), both of which would be government mandated and readily found on a spreadsheet so that negotiations aren't needed, government mandated this is X holidays you get no matter what you do, and government paid for insurance. Your dreamworld is great, but in the real world that would probably lead to economic collapse. Also having your wages mandated by a government spreadsheet is some dystopian future poo poo.
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Sep 5, 2014 02:23
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Sounds like the USPS. Who doesn't admire their employees' happiness, efficiency, customer service, and willingness to go the extra mile? My bad-with-money: I have a freelance side gig, and for some reason they aren't able to do direct deposit, they just send checks. I'm way too lazy about depositing them. For no reason! I can do it through my phone! But I'm looking at a few k in undeposited checks right now.
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Sep 5, 2014 02:45
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i like nice words
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ranbo das posted:Your dreamworld is great, but in the real world that would probably lead to economic collapse. Also having your wages mandated by a government spreadsheet is some dystopian future poo poo.
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Sep 5, 2014 02:54
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Anne Whateley posted:My bad-with-money: I have a freelance side gig, and for some reason they aren't able to do direct deposit, they just send checks. I'm way too lazy about depositing them. For no reason! I can do it through my phone! But I'm looking at a few k in undeposited checks right now. It's p. bad for those folks when you finally do deposit them down the line and suddenly there's a withdrawal they weren't counting on for the month. Works Cited: "The Pledge." Seinfeld. NBC. WXIA, Atlanta. 6 Oct. 1994. Television.
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Sep 5, 2014 02:58
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From the PF subreddit, but more bad at life than bad with money: http://www.reddit.com/r/personalfinance/comments/2fglqj/im_being_charged_for_an_apartment_i_havent_even/quote:I originally was expecting to move into my new apartment in August, but due to some instability at the time, I was forced to stay with a friend and wait until this month to move in. Today, I received a message from them asking if I was still moving in, and responded that I was since I was receiving my bi-weekly paycheck that would give me enough to pay this month's rent of about $350 (along with a few necessities). They then proceeded to tell me that if I did move in, I would also have to pay the whole first month's rent on top of that, even though I wasn't even living there. I would understand a holding fee, but paying $350 just to hold a spot is utterly ridiculous. I've done the math, and by the time I do get the full $700 or so, it would be time for next month's rent, which would add another $350 on top of that. That means I would essentially have to earn over $1000 in less than a month, literally impossible for someone on my salary. And here's the icing on the cake; if I decide NOT to move in, they still want to charge me full rent for August AND September. Regardless of what I do, I'll still be down at least $700.
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Sep 5, 2014 04:01
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Hahaha, "Rented an apartment but didn't pay, now the landlord wants the back rent. What the hell is his problem"
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Sep 5, 2014 04:09
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Pompous Rhombus posted:It's p. bad for those folks when you finally do deposit them down the line and suddenly there's a withdrawal they weren't counting on for the month.
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Sep 5, 2014 04:12
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Propaniac posted:From the PF subreddit, but more bad at life than bad with money: http://www.reddit.com/r/personalfinance/comments/2fglqj/im_being_charged_for_an_apartment_i_havent_even/ Haha. The comments come through. CTRL+F "sign" - 34 results CTRL+F "lease" - 33 results edit: Ooooh here's a good one. http://www.reddit.com/r/personalfinance/comments/2fh4z6/pregnant_with_twins_and_fiscally_terrified_401k/ quote:First post! Husband and I are 26 & 28, pregnant with our first kids (2 at once!) $125k in student debt, bought a condo AND a "fixer upper" house that they can't afford to continue "fixer upper"-ing. Now she's pregnant with twins and needs to dip into their 401(k) to pay off their credit card. But of course we can't sell the condo because  CAPITAL GAINS TAXES. And won't sell the "fixer upper" because they're not done fixing it!(and can never afford to)
canyoneer fucked around with this message at 04:29 on Sep 5, 2014 |
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Sep 5, 2014 04:20
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I will never understand people like that. My GF and I pull in $140k combined at 25 w/ no debt and there's no loving way we could comfortably afford a condo, or even a kid  .
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Sep 5, 2014 04:40
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What's the costing of living that you can't afford a kid on 140k? I only about 80k, have a 6 month old, and can still squirrel away almost 2k/month into savings
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Sep 5, 2014 04:45
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Gorman Thomas posted:I will never understand people like that. My GF and I pull in $140k combined at 25 w/ no debt and there's no loving way we could comfortably afford a condo, or even a kid You are bad with money.
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Sep 5, 2014 04:48
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Eh, no problem. Lives in the Bay Area and eats out a lot.
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Sep 5, 2014 04:49
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We each max out our 401ks/Roth IRAs/ESPPs and like to put another $1.5k/month into ETFs/ladder CDs for a future house purchase. After all that we have about 3k/month left and well... West LA ain't cheap.
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Sep 5, 2014 05:04
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I live in the Bay Area and am currently eating take out RIGHT NOW and make less than half that and.... totally can't afford kids because I make less than half that, but I live pretty drat well. Also, I'm a social worker who gets to mandate services whether people like them or not, and I feel like I'm the only social worker in my office who thinks about the financial implications of my mandatory service plans  I work with my clients to help them keep their jobs, do drug treatment in the evening, finding childcare, etc but no joke I am given free reign to say "quit your job, enroll in this full time treatment program, and pay for it out of pocket." It's nuts, and other social workers do poo poo like that.
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Sep 5, 2014 05:04
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Guest2553 posted:What's the costing of living that you can't afford a kid on 140k? I only about 80k, have a 6 month old, and can still squirrel away almost 2k/month into savings Welcome to the San Francisco bay area!
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Sep 5, 2014 05:04
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Gorman Thomas posted:We each max out our 401ks/Roth IRAs/ESPPs and like to put another $1.5k/month into ETFs/ladder CDs for a future house purchase. After all that we have about 3k/month left and well... West LA ain't cheap. Yeah that's plenty of money to have a condo and a kid.
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Sep 5, 2014 05:06
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Trilineatus posted:I'm the only social worker in my office who thinks about the financial implications of my mandatory service plans <insert rant about abysmal mental health and social support in the USA>
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Sep 5, 2014 05:08
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slap me silly posted:<insert rant about abysmal mental health and social support in the USA> I think of it more as a commentary on the lack of financial education even among those of us with graduate degrees. Think about it this way: a JUDGE signs off on these things. Respect to my clients though, y'all know small money hustle - I have never seen so many people pay so little for rent in the Bay, and have such eccentric collections of jobs and finances. Did you know federal probation has hookups with some of the labor unions? Hustle hustle hustle.
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Sep 5, 2014 05:12
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I have one friend in SF, she pays more than my rent for what's literally a cot in a warehouse and works a lovely office job with escorting on the side. Protip: don't move across the country on a whim.
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Sep 5, 2014 14:10
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Harry posted:Yeah that's plenty of money to have a condo and a kid. Gotta save up the down payment first! The median rent for a 2 bedroom in west LA starts around $2500. LA county in general and the west side in particular has all of the exciting possibilities of the SF and NYC housing markets without the income.
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Sep 5, 2014 14:14
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