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The clients of my company are often bad with money. We sell point of sale computers that people can walk up to and make purchases on, for like company break rooms. We have a couple places with chronic network issues that stop the credit card transactions from batching out at midnight like they are supposed to. Some of these locations haven't processed their transactions in nearly a month, and they don't bother to fix anything even though this is probably actively costing them money and people will freak out when all these transactions clear, finally a month later. That makes me wonder. Is there any kind of limit on how long a company can sit on your unprocessed credit card transaction before they're not allowed to process it because it's been too long?
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Oct 23, 2014 17:50
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I don't know, but I was recently charged for a glass of wine I bought on a United flight in like June. It confused the hell out of me when I saw the charge, I thought my card might have been stolen. It also took forever to confirm with United that it was a legit purchase from months and months ago.
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Oct 23, 2014 18:17
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Harton posted:Lightning bolt! Lightning bolt! That's only bad with money if you bought them both on credit.
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Oct 23, 2014 18:18
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Barry posted:That might be bad with money but it's good with life. Maximize the time you have spending it on things you enjoy doing. He has identified what he enjoys in life and is going out of his way to make sure that he can do it as much as possible. A job is a means to an end and all that poo poo. Sorta. You're not wrong. Your work should absolutely be a means to an end. But since he works for minimum wage at a grocery store now he can't afford to do anything with his friends, visit his girlfriend who lives in Canada (we live in the U.S.), or buy himself any of the nice larp stuff he wants. He has student loans and other bills to pay so he can't be having much left over. If he applied himself even just a little he could easily get a job in a bank since I've offered to hook him up or do entry level tech work (which he has experience in), work a regular 9-5 schedule, and still have plenty of time to larp.
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Oct 23, 2014 18:42
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Nail Rat posted:That's only bad with money if you bought them both on credit. Well buying a boat in general is bad with money lol. But I paid cash for the boat and took a loan for the truck. I needed a vehicle anyway because I had been without one for over a year because my fiancé has a company car she uses for work. So I would just drive her Honda to work. But they started getting more strict on the company car mileage so it because too much of a hassle anytime we wanted to do something separate from each other on the weekend. We both absolutely love the boat and water skiing and wakeboarding so I think it was worth it overall. We're excited to have kids after the wedding and raise them boating.
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Oct 23, 2014 19:44
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Harton posted:Well buying a boat in general is bad with money lol. Hahaha, two quotes I remember overhearing on that topic: "The two greatest days in your life are the day you buy a boat and the day you sell it" "It's a giant loving sinkhole that you keep dumping money into until you get rid of it" My wife fishes a lot and wants to get one someday. I love doing maintenance so I support the idea as long as we can afford it.
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Oct 23, 2014 19:50
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Just buy a canoe on craigslist.
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Oct 23, 2014 20:00
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seacat posted:Hahaha, two quotes I remember overhearing on that topic: I think it was earlier in this thread that someone posted their uncle's take on owning a sailboat which was something to the effect of the ownership experience being easily replicated by standing in a cold shower and ripping up hundred dollar bills.
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Oct 23, 2014 20:22
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Can't waterski behind a canoe. As long as you use it, a boat is an awesome thing to have. Too many people buy them and hardly use them and that's why they get a bad rap. I make it out at least once a week in the summer. Nothing like being anchored off in Lake Michigan drinking beers looking at the Chicago skyline.
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Oct 23, 2014 20:24
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Is leasing a boat for a season a thing one can do? I don't think I'd ever buy a boat but I'd lease/rent one for a summer.
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Oct 23, 2014 20:26
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Depending on the lake you can rent a boat for a day or up to a week or Two. But I don't think you can lease one, I've never looked into it though. Before I bought mine I would rent them from time to time when I was vacationing. That's a good way to see if your gonna love it or not. I just love being on the water, it's the most relaxing thing in the world.
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Oct 23, 2014 20:32
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You can join a group where you pay a fixed monthly fee, and get a certain amount of use out of the boat. The price depends, where I'm at its from ~300 to get a share in a small powerboat up to several hundred or probably even thousands for a larger boat. I haven't really looked into it too much but they definitely exist. There's also instances on craigslist of people selling a share of a boat they already own which may be another way to do it too. I've thought about getting an older sailboat and keeping it in the free anchorage near the marina where a buddies family keeps their boat. Quitting my job and sailing off to the Caribbean for a few months sounds awesome.
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Oct 23, 2014 20:45
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I've thought about getting a cabin cruiser or similar but after talking with one of my multi-millionaire clients I realised I'd be better off renting a boat when I want one. That or go on a cruise ship. http://www.motorheadcruise.com/
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Oct 23, 2014 21:57
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SarutosZero posted:Sorta. You're not wrong. Your work should absolutely be a means to an end. But since he works for minimum wage at a grocery store now he can't afford to do anything with his friends, visit his girlfriend who lives in Canada (we live in the U.S.), or buy himself any of the nice larp stuff he wants. He has student loans and other bills to pay so he can't be having much left over. If he applied himself even just a little he could easily get a job in a bank since I've offered to hook him up or do entry level tech work (which he has experience in), work a regular 9-5 schedule, and still have plenty of time to larp. Yeah I mean if you're totally sacrificing everything else in your life in order to just LARP more, that might be a bit much, but who am I to judge. But taking a comparable job (even if there's less hours/money) to free up your weekends to do what you love is pretty alright in my book. That being said, he probably should apply himself and get a higher paying 9-5 for the extra income and free weekends.
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Oct 23, 2014 22:19
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My bank is bad with money. Went to the Chase branch because I got paid my royalties from Amazon in check form. One of the checks was from Amazon.co.uk, so of course it's in pounds. I hand the check to the guy and he looks at it like it's moon money. I'm like "It's in pounds." "So, it's foreign?" "Yeah." He then calls two other tellers over to look at the check. "Is this pounds or euros?" he asks them. "It's pounds," I say. "You see the pound symbol?" "That's not one of the accepted currencies," he says. "We could take it if it was in euros." They then spend five minutes scrolling down some screen. "Do you see it anywhere here?" "GBP?" I ask, trying to be helpful. "What?" "Maybe it says GBP on there." "Why would it say that?" "Because... that is pounds?" "It's not there. Are you sure it's not Euros?"  took me a half hour and four tellers to deposit this check. WTG Chase!
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Oct 23, 2014 22:23
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I asked my bank to open a savings account to park my tuition money in for a few months, and they tried to set up an RRSP and put the money into it 
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Oct 23, 2014 22:42
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100 HOGS AGREE posted:That makes me wonder. Is there any kind of limit on how long a company can sit on your unprocessed credit card transaction before they're not allowed to process it because it's been too long? A class ring I bought took 2 years to show up on my statement. If it had gone through just a week later the card would have been expired and I don't know what would have happened then. It stung a little bit but I sucked it up because it was money I owed. In bad with money commentary, someone today told me about a coworker of his who rolled his expensive 2-year-old-truck debt into some expensive-new-truck debt because, according to said coworker, "if you keep consolidating car loans you'll get smaller monthly payments and can start to build equity in your truck" 
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Oct 23, 2014 22:50
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Guest2553 posted:"build equity in your truck" There's been a lot but I seriously think this wins the thread.
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Oct 23, 2014 22:52
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Guest2553 posted:
 Wrap it, boys. Thread is over. We've reached peak bad with money.
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Oct 23, 2014 23:00
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Guest2553 posted:"build equity in your truck"  I've heard of a lot of people rolling car loans into more car loans ("my monthly payment is the same and I have a new car!"), but never once have I heard of someone doing it to build equity in their vehicle. Good lord. There are no words. The amount of schadenfreude in that statement is reaching critical mass.
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Oct 23, 2014 23:18
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How on earth do people not know what pounds are. US$/€/£ are like the big three currencies.
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Oct 23, 2014 23:24
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¥ is probably more relevant than £ at this point
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Oct 23, 2014 23:26
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My local gas station is bad with money. In my province customers must prepay for gas at the pump. Apparently when you swipe your credit card, a hold is put on the card for $125 regardless of the amount of gas purchased. And when that credit card limit has less than $125 available, the hold is rejected but the pump still dispenses gas, resulting in free gas. I discovered this when I then tried to use my card for a small purchase later in the day and was rejected for exceeding the limit, even though I should have had enough room available based on the amount of gas actually purchased. That's what those greedy oil companies get for holding more money than they need!
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Oct 23, 2014 23:56
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Guinness posted:
I had to search and see how many references there are to equity in vehicles. The majority of the results relate to car leasing and lease to buy arrangements. Only one related to building equity that made sense to me was in relation to actual commercial trucks that you'd use for hauling trailers.
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Oct 24, 2014 00:02
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Jeffrey posted:¥ is probably more relevant than £ at this point You mean ฿itcoins, right? Buttcoins are truly the worst with money thing I've witnessed in my life. People are all scamming each other left and right, and every single person is secretly hoping that they aren't the bagholders when the whole thing implodes upon itself. Nocheez fucked around with this message at 00:13 on Oct 24, 2014 |
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Oct 24, 2014 00:11
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Devian666 posted:I had to search and see how many references there are to equity in vehicles. The majority of the results relate to car leasing and lease to buy arrangements. Only one related to building equity that made sense to me was in relation to actual commercial trucks that you'd use for hauling trailers. Yeah and you can sleep/live in those. A good one practically is a business property. But that loan guy 
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Oct 24, 2014 00:54
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Mantle posted:My local gas station is bad with money. In my province customers must prepay for gas at the pump. Apparently when you swipe your credit card, a hold is put on the card for $125 regardless of the amount of gas purchased. A) putting holds of like $100 at the gas station on your card is super common, I'm surprised you never saw this before. B) "I don't see a bill, so I guess it's free!  " Congrats on stealing gas I guess, if you weren't actually charged.
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Oct 24, 2014 01:50
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Volmarias posted:A) putting holds of like $100 at the gas station on your card is super common, I'm surprised you never saw this before. How can it be stealing if there was no intent? I gave them the authorization to charge me but then they didn't submit the proper paperwork to their payment processor. Them not getting paid has nothing to do with me.
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Oct 24, 2014 04:43
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Mantle posted:How can it be stealing if there was no intent? I gave them the authorization to charge me but then they didn't submit the proper paperwork to their payment processor. Them not getting paid has nothing to do with me. "Them not getting paid for the goods I agreed to pay for has nothing to do with me." LOL, until that charge eventually goes through and screws you because you thought you'd gotten off scott free. Then you'll be paying fees for going over your limit + increased interests rates for the same.
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Oct 24, 2014 05:38
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It's an honest mistake the first time, maybe, but if they've gone back and done it after realising what had happened, yeah that's stealing.
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Oct 24, 2014 05:57
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RandomBlue posted:"Them not getting paid for the goods I agreed to pay for has nothing to do with me." LOL, until that charge eventually goes through and screws you because you thought you'd gotten off scott free. Then you'll be paying fees for going over your limit + increased interests rates for the same. What world do you live in where it is not only possible for you to exceed your credit card limit, but where you would be penalized for doing so? All my credit card companies are ASKING me to increase my limits.
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Oct 24, 2014 06:14
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Mantle posted:What world do you live in where it is not only possible for you to exceed your credit card limit, but where you would be penalized for doing so? All my credit card companies are ASKING me to increase my limits. Asking? I just get letters in the mail telling me I have more credit now. Usually it's whenever I actually get in the universe of my limit in a month (so like every single month with my first card and once with my second after I bought all the furniture in my house and my TV with it when moving).
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Oct 24, 2014 06:17
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Mantle posted:What world do you live in where it is not only possible for you to exceed your credit card limit, but where you would be penalized for doing so? All my credit card companies are ASKING me to increase my limits. Probably the world where some guy couldn't get $125 approved/held against his limit for some reason. I believe that guy was you. I've never had the over the limit fees applied to me, but apparently unlike yourself, I read the CC agreements I sign and know what's in them. If buying gas on your CC is declined or puts you over the limit, $125 held or not, you're bad with money.
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Oct 24, 2014 06:44
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GanjamonII posted:You can join a group where you pay a fixed monthly fee, and get a certain amount of use out of the boat. The price depends, where I'm at its from ~300 to get a share in a small powerboat up to several hundred or probably even thousands for a larger boat. I haven't really looked into it too much but they definitely exist. There's also instances on craigslist of people selling a share of a boat they already own which may be another way to do it too. Awesome, I was looking for the financial burden of a timeshare and a boat rolled into one. Maybe I can pay for it with a student loan.
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Oct 24, 2014 07:18
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RandomBlue posted:Probably the world where some guy couldn't get $125 approved/held against his limit for some reason. I believe that guy was you. I've never had the over the limit fees applied to me, but apparently unlike yourself, I read the CC agreements I sign and know what's in them. There is nothing "bad with money" about hitting the limit on a credit card like mine that doesn't charge overage fees. If it happens I just pay for stuff I need by another method. Sounds like you just didn't like my story of getting free gas. Sorry, but it happened and it doesn't make me bad with money just cause it offends your morals.
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Oct 24, 2014 07:40
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particle409 posted:Awesome, I was looking for the financial burden of a timeshare and a boat rolled into one. Maybe I can pay for it with a student loan. Make sure you get the furniture rent to own, with the initial deposit coming from a payday loan.
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Oct 24, 2014 10:59
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Mantle posted:There is nothing "bad with money" about hitting the limit on a credit card I'm pretty sure there absolutely is.
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Oct 24, 2014 14:26
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blugu64 posted:I'm pretty sure there absolutely is. Uh, no, there's not. Spending money is not inherently being bad with money, as difficult as that might be for you to understand.
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Oct 24, 2014 14:31
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True, if you're paying it off every month. I dunno if you've got low limit cards or what, but it is pretty bad for your credit score. If you're maxing out your card and paying it off every month, chances are you qualify for a higher limit/better rewards card that you should use instead.
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Oct 24, 2014 15:49
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Not a Children posted:True, if you're paying it off every month. I dunno if you've got low limit cards or what, but it is pretty bad for your credit score. If you have a low limit card and some other higher limit cards, and you are maxing out the low limit card, it will have no effect on your credit score, and will probably be a new positive overall.
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Oct 24, 2014 16:33
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