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Devian666 posted:Alright so say he bought 72 ounces of silver right now at $20 that would cost $1440. Except he's buying some every month so his average cost price is going to go up along the way as well.
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Jan 29, 2015 23:49
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$50k of CC debt is so retarded. If the cards have a minimum of 3% he'll need to pay $1500 per month. That's crazy as that would be my entire mortgage payment for my house and this guy needs to pay at least that every month unless some of the cards have a 5% minimum.
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Jan 29, 2015 23:52
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Devian666 posted:$50k of CC debt is so retarded. If the cards have a minimum of 3% he'll need to pay $1500 per month. That's crazy as that would be my entire mortgage payment for my house and this guy needs to pay at least that every month unless some of the cards have a 5% minimum. Depends on where you live though.
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Jan 30, 2015 00:00
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Nope! No matter where you live, $50k of credit card debt is loving dumb.
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Jan 30, 2015 00:02
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slap me silly posted:No matter where you live, $50k of credit card debt is loving dumb. The current thread title is super accurate but this is a good one if you're in a changey mood.
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Jan 30, 2015 00:06
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slap me silly posted:Nope! No matter where you live, $50k of credit card debt is loving dumb. Especially when I'm borrowing $280k for the same repayment rate and I get a heap of tax write offs. Credit card debt is a very retarded thing. In fact one of my friends who worked in the credit card application processing section of a bank could see people destroying their finances with credit cards. Others who worked there didn't see it the same way as him as they knew the rules and would apply for more credit cards to spend that free money.
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Jan 30, 2015 00:07
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I had a client in his 60's who wanted to sell all his investments and buy only metals ETFs. Besides being a horrible idea, I can't imagine my compliance departments reaction - not to mention any other state or federal regulating body. If he had been dead set on that I would have had to tell him to take his accounts elsewhere.
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Jan 30, 2015 00:12
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th vwls hv scpd posted:You only get that write off if you use a personal vehicle for work. If you are required to be on-site at the start of the day, you can not write that off. Only mileage between locations while working. It's still a good metric for evaluating your personal cost of operating a car, even if you aren't claiming it on your tax returns.
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Jan 30, 2015 01:00
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Powerlurker posted:It's still a good metric for evaluating your personal cost of operating a car, even if you aren't claiming it on your tax returns. Point taken. I've only been able to write some mileage off for a year. Where I live, a vehicle is a necessity. While I would like to take a bus to work, I both work and live in the wrong areas of town to be able to do so. I can't fathom not having a car here, so I just look at it as a necessity and try to keep the expenses low.
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Jan 30, 2015 01:43
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Actually if you can afford to spend 7 years with poo poo credit and dealing with debt collectors, buying a poo poo ton of gold or silver on your credit card, burying it until the SoL expires, and then digging it up and selling it would get you lots of money. I don't know if you could realistically call it "good" with money.
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Jan 30, 2015 02:08
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Delta-Wye posted:This thread is full of econ101-level analysis. Laffer would be proud! First, assume a perfectly spherical economy in a vacuum...
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Jan 30, 2015 03:00
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Someone doesn't understand credit cards https://www.change.org/p/j-p-morgan-chase-co-auto-pay-option-for-amount-other-than-the-minimum-due-or-full-balance quote:LETTER TO
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Jan 30, 2015 03:38
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I'm the guy held under the thumb of the bank even though I chose to borrow money from them.
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Jan 30, 2015 03:59
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Couldn't he just go on and manually add a payment any time he wanted? Or call? That's being lazy.
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Jan 30, 2015 04:07
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Dangit Ronpaul posted:... whereas when you drive you're pretty much stuck staring at the road for the entire time you're in the car. If only this were true, and we didn't need cellphone/distracted driving laws.
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Jan 30, 2015 04:07
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Knyteguy posted:Couldn't he just go on and manually add a payment any time he wanted? Or call? That's being lazy. Yes. She's complaining about forgetting about paying bills/debts. It's a classic scenario for those who have so many different debts that they struggle manage them. She's probably in financial trouble given that she basically says she can't pay the entire credit card bill each month. She's seeking to blame the bank for her financial mismanagement. e: for gender. Devian666 fucked around with this message at 04:34 on Jan 30, 2015 |
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Jan 30, 2015 04:32
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Fidelity Billpay used to be too stupid to pay the credit card statement balance, resulting in your only options being the minimum payment or a fixed amount that you type in. For all I know they still have that problem, I stopped using it because of that. That person should really set up an automatic payment for the minimum, and then they can log in whenever and make an additional manual payment. At least if they forget it would still get paid.
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Jan 30, 2015 05:04
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Devian666 posted:I'm the guy held under the thumb of the bank even though I chose to borrow money from them. Sure you have a point, but it's not like banks have ever been known to go out of their way to structure everything about bank accounts and credit cards against the consumer in order to maximize fees and interest, no siree
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Jan 30, 2015 05:09
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To be fair, my credit union does the same poo poo (you just enter in the statement balance manually), but my accounts through the big banks all have statement/current balance options to preselect. This did at least spur me to write my credit union and ask that they include this feature.
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Jan 30, 2015 05:16
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BEHOLD: MY CAPE posted:Sure you have a point, but it's not like banks have ever been known to go out of their way to structure everything about bank accounts and credit cards against the consumer in order to maximize fees and interest, no siree Well yes but complaining about how "hard" it is to remember to pay your credit card bill these days it really reaching. Between putting a check in the mail, paying by phone, website, or app it's never been easier.
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Jan 30, 2015 05:23
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nickutz posted:Well yes but complaining about how "hard" it is to remember to pay your credit card bill these days it really reaching. Between putting a check in the mail, paying by phone, website, or app it's never been easier.
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Jan 30, 2015 05:24
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I get that every day at work. "I forgot to pay so the evil company cancelled my policy AND wanted me to pay a reinstatement fee AND wanted me to pay last months premium that I never paid! THE NERVE OF THE EVIL COMPANY". Consequently they are the same people likely to reject automatic payments because ~reasons~, then flip out when their bills are late. I may have brought this up before, but I'll say it again, being paid in cash and refusing to use a debit card is Bad With Money. If you pay your bills on a prepaid card that you have to go to the bank/store to put a lousy $11.99 on it to pay an important bill, you should really just have it deposited into a free account. poo poo, isn't' Google Wallet completely free and allows you to make Mastercard backed transactions?
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Jan 30, 2015 05:29
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Jastiger posted:I get that every day at work. "I forgot to pay so the evil company cancelled my policy AND wanted me to pay a reinstatement fee AND wanted me to pay last months premium that I never paid! THE NERVE OF THE EVIL COMPANY". Consequently they are the same people likely to reject automatic payments because ~reasons~, then flip out when their bills are late.
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Jan 30, 2015 05:35
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You're not wrong, but a lot of the people who have opted out of traditional banking were really forced out by banks that trick people into things like BS overdraft protection. These are pretty bad decisions but just imagine raising a kid on two part time jobs with no checking account because you were blacklisted for a mistake you made years ago. If you've only lived hand to mouth, the obvious path isn't really so obvious. Back to making GBS threads on retail managers in new Chevy Tahoes please. e: f,b
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Jan 30, 2015 05:40
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cowofwar posted:It is normally the wealthier people that have the time/inclination/know-how to seek out better value financial products while the poor have every last cent sucked away by predatory financial products and services. https://www.rushcard.com/ gently caress Russell Simmons forever
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Jan 30, 2015 05:40
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Edit:  Oh I get WHY it happens. Just saying it's still bad with money to not do it. Doubly so to have it and not do it on purpose.
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Jan 30, 2015 05:42
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Jastiger posted:I get that every day at work. "I forgot to pay so the evil company cancelled my policy AND wanted me to pay a reinstatement fee AND wanted me to pay last months premium that I never paid! THE NERVE OF THE EVIL COMPANY". Consequently they are the same people likely to reject automatic payments because ~reasons~, then flip out when their bills are late. Do you realize that millions of people cannot get a regular "free" bank account even if they want one? Reasons for this range from bad credit to being blacklisted for previous account closures to being in the US undocumented/illegally. There are entire empires of services clamoring to nickel and dime the "unbanked", these fee-based debit cards for people paid in cash chief among them. Google Wallet is entirely free to use - as long as you have a checking account. Otherwise it's a 3% transfer fee to fund.
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Jan 30, 2015 05:49
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EugeneJ posted:https://www.rushcard.com/ http://www.nerdwallet.com/blog/tips/prepaid/russell-simmons-suze-orman-fight/ RushCard Annual Costs: Minimum* Annual Cost: $191.40 Expected** Annual Cost: $358.20
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Jan 30, 2015 06:03
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Honestly, the US should just go through with Elizabeth Warren's plan of turning the Postal Service into a check cashing, money storing service. In Switzerland this is essentially the norm, and even when a very tiny percentage of the people here used plastic to pay for anything almost 100% of the people carried their "Post Card" which was just a debit card linked directly to their Post Account. You either cashed your checks and got cash at the Post Office, or just had the money deposited right into the account. No overdraft fees, no really advanced investment options (although eventually Die Post eventually became Post Finance and became a really bank in 2013), just a place that holds your cash.
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Jan 30, 2015 13:40
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Anonymous Zebra posted:Honestly, the US should just go through with Elizabeth Warren's plan of turning the Postal Service into a check cashing, money storing service. In Switzerland this is essentially the norm, and even when a very tiny percentage of the people here used plastic to pay for anything almost 100% of the people carried their "Post Card" which was just a debit card linked directly to their Post Account. You either cashed your checks and got cash at the Post Office, or just had the money deposited right into the account. No overdraft fees, no really advanced investment options (although eventually Die Post eventually became Post Finance and became a really bank in 2013), just a place that holds your cash. In Japan the post office is essentially a bank. Works pretty well. Some branches are even open on Sunday?!
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Jan 30, 2015 14:24
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Rudager posted:Except he's buying some every month so his average cost price is going to go up along the way as well.
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Jan 30, 2015 14:47
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Jastiger posted:PRO INSURANCE TIP: Most insurance companies won't insure a salvage vehicle, or if they do, they charge you MORE for it. I can't even begin to tell you how wrong this is.
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Jan 30, 2015 14:53
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DJCobol posted:I can't even begin to tell you how wrong this is. What kind of insurance are we talking about? I bet you're right that they're required to offer liability coverage in every state regardless of the type of title. But collision and comprehensive could go a lot of ways, given that the value of the vehicle won't be as easy to establish. But hopefully, if you're buying a salvage titled vehicle, you weren't planning on needing those anyhow.
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Jan 30, 2015 19:51
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e: oh I stole this from the YNAB thread I thought it was from GBS.Teeter posted:Probably easier than buying 365 pairs of underwear in bulk. Knyteguy fucked around with this message at 20:19 on Jan 30, 2015 |
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Jan 30, 2015 20:16
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EugeneJ posted:https://www.rushcard.com/ That actually doesn't seem like a bad deal for someone who can't get a basic checking account. $4 up front and $8 month gets you a serviceable bank account substitute offering a debit card and a network of free ATMs. What am I missing?
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Jan 30, 2015 20:20
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Knyteguy posted:e: oh I stole this from the YNAB thread I thought it was from GBS. I have underarmour underwear that is over 10 years old. I find it hard to believe that anyone would buy this.
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Jan 30, 2015 20:25
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Folly posted:What kind of insurance are we talking about? My last 2 cars have been salvage title cars, and I've had 5 insurance carriers (State Farm, Progressive, Nationwide, Liberty Mutual, & Geico) in 2 different states and none of them have batted an eye at either comprehensive or full coverage insurance.
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Jan 30, 2015 20:25
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TLG James posted:I have underarmour underwear that is over 10 years old. I find it hard to believe that anyone would buy this. I worked at a restaurant with this super goony fat guy who didn't wash and rewear underwear. He said he was allergic to detergent or something (but it wasn't bad for normal clothes) and had to wear and toss. It was too expensive to do every day, so he'd go 2-3 days in between replacements. I mean, you can hand wash with Woolite or something, right?
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Jan 30, 2015 21:16
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I mean if you have that big of a problem, a Dermotologist would recommend a specific brand you can use I'm sure. Or just throw them in the washer with a capful of bleach and nothing else. EDIT: Actually, loving just going through a hot wash cycle is preferable really. LorneReams fucked around with this message at 21:22 on Jan 30, 2015 |
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Jan 30, 2015 21:20
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You can buy detergent specifically for babies that is free of absolutely any harsh chemicals so they don't get rashes. My wife and I figured out pretty quickly that stuff like ALL Free & Clear was essentially the same thing for half the price. But yeah, even just dipping them in boiling water for 30 seconds would be preferable to throwing them away and buying new ones (after wearing them for 3 days straight  )
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Jan 30, 2015 21:30
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