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opus111 posted:wait... what about the RAM? Does it hang outside of his PC or something? He puts it in his rear end before going to sleep at night. It is warm, you see.
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Feb 14, 2015 01:30
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opus111 posted:wait... what about the RAM? Does it hang outside of his PC or something? His pc has a color theme, I guess the RAM had heat spreaders that were orange which is his accent color, natch. Nice enough kid, but needs to grow up financially and professionally - the sooner the better.
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Feb 14, 2015 01:35
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well when i think about the crap I bought when I first got a real job I shudder... not gonna judge him too harshly. although i did spent it all on mountain bikes instead of coolour coded ram lol.
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Feb 14, 2015 02:27
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My coworker inherited a camper trailer several states away. Said trailer is unseen by him and has been sitting for years. Instead of paying to have it towed to where he lives (apartment bldg) he buys a 20 year old municipal truck at auction and then has to pay nearly 2k extra to get the thing to pass inspection. The truck is so he can tow the trailer home. This was 2 years ago. He still has the truck and trailer but they have not yet made the tow. He has other questionable purchases such as a "hunting cabin" on the side of a highway.
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Feb 14, 2015 03:43
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"I spoke with the bank and you're approved for 144 months with a $105k down payment with a 5.99% interest rate. This would put your payment around $970 dollars." This required no income verification. Party like it's 2007!
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Feb 14, 2015 03:45
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Blinkman987 posted:Like, one of my favorite memories in life is me on the great barrier reef, laying out on a boat deck, chatting up a beautiful woman. In my early 30s, that's just not available to me like it was in my mid-20s. Now i'm approaching a point in my life where I start trading money for time, and I'm glad I spent the way that I did young. yeah at like 32 years old you're no longer allowed to go on boats and talk to women 
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Feb 14, 2015 03:47
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My parents… have no retirement savings.  Just found this out. My dad's work does a pension, but it is not in great health right now according to him. My mom hasn't worked in like 8 years… They're 56 and 53. My dad already had a stroke in 2012… lordy. Their one saving grace is my Nana, who won multi-millions in the lottery like 12 years ago, has a CD in my mom's name for when she dies... Oh looorrrdddd. I hope I marry someone rich to help me help them.
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Feb 14, 2015 05:00
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Dreadite posted:yeah at like 32 years old you're no longer allowed to go on boats and talk to women He probably means he's at a point with his life and career where he doesn't have the same opportunities to relax like he used to. Sometimes you just gotta be busy.
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Feb 14, 2015 05:11
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spinst posted:My parents… have no retirement savings. That stinks. Do they own a house outright, maybe when they can downsize from at some point and cash out some equity?
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Feb 14, 2015 06:09
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quote:Hello PF! Please help me! I am trying to lock down my mortgage loan on my first home and i have just recently been laid off. I was laid off and will be back with my company for 2 weeks coming up followed by another lay off. My employer wants to keep me but just doesn't have enough work right now to keep me fully employed. In the meantime i have been collecting employment insurance and found some side work to pay my bills. My broker is telling me my only option due to layoff is to secure the loan with a co signer, but that is not an option for me. Is there anything i can do to get a loan without a co signer given the fact that i have been temporarily laid off?? And if i somehow manage to find a co signer would the lender be willing to let them off the title if i can re-qualify? http://www.reddit.com/r/personalfinance/comments/2vu3i9/help_might_lose_my_house_or_my_down_payment/
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Feb 14, 2015 06:39
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Knyteguy posted:http://www.reddit.com/r/personalfinance/comments/2vu3i9/help_might_lose_my_house_or_my_down_payment/ Sooooo he's hosed, right?
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Feb 14, 2015 06:42
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overdesigned posted:Sooooo he's hosed, right? My wife used to pre-sell high end condos and people would lose their deposit all the time.
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Feb 14, 2015 06:53
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pig slut lisa posted:That stinks. Do they own a house outright, maybe when they can downsize from at some point and cash out some equity? Ha… no. They have two mortgages… and rent one house out.
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Feb 14, 2015 08:53
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Comrade Flynn posted:"I spoke with the bank and you're approved for 144 months with a $105k down payment with a 5.99% interest rate. This would put your payment around $970 dollars." A collectible Lamborghini as collateral with $105,000 cash up front and a rate about 3% above the best rate for a 60 month used car loan is a pretty attractive package for a lender. It's a lot easier and faster to recoup on a bad car loan than a bad mortgage.
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Feb 14, 2015 15:00
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Comrade Flynn posted:"I spoke with the bank and you're approved for 144 months with a $105k down payment with a 5.99% interest rate. This would put your payment around $970 dollars." Wow, it's like house flipping, except zero extra work and a greater emphasis on crossing the gently caress out of yor fingers and toes!
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Feb 14, 2015 16:05
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FrozenVent posted:Basically: This guys acting right? "What am I going to spend my 15k on, a new car...maybe a bit of a used car." Its an act. A great one too.
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Feb 14, 2015 17:43
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spinst posted:My parents… have no retirement savings. Does your dad make a lot and just piss it all away? If so, good news A - your mom can get half of your dad's social security benefits if that's higher than her own, and good news B - in theory your dad still has ten years to figure this out. But he has to start maxing an IRA with catch up and throwing more money into a taxable account like today. Wouldn't hurt for your mom to become a wal mart greeter or something. Guilt them if you need to about how it will be you paying for them if they don't get their poo poo together.
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Feb 14, 2015 20:08
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BEHOLD: MY CAPE posted:A collectible Lamborghini as collateral with $105,000 cash up front and a rate about 3% above the best rate for a 60 month used car loan is a pretty attractive package for a lender. It's a lot easier and faster to recoup on a bad car loan than a bad mortgage. That's a good point. I'm thinking of taking the loan and just getting a normal Penfed 60 month loan 6 months later.
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Feb 14, 2015 20:11
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Comrade Flynn posted:"I spoke with the bank and you're approved for 144 months with a $105k down payment with a 5.99% interest rate. This would put your payment around $970 dollars." Hey, post pics to AI to give Das Volk a run for his money with his Viper that blew its engine at 4700 miles. Seriously. I like car porn.
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Feb 14, 2015 21:48
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Taco Box posted:Hey, post pics to AI to give Das Volk a run for his money with his Viper that blew its engine at 4700 miles. Seriously. I like car porn. I was the one that told Das Volk to buy that car and he's encouraging me to get this one...it may be his revenge.
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Feb 14, 2015 22:31
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spinst posted:My parents… have no retirement savings. quote:Their one saving grace is my Nana, who won multi-millions in the lottery like 12 years ago, has a CD in my mom's name for when she dies... Hmmm...
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Feb 14, 2015 22:43
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Comrade Flynn posted:I was the one that told Das Volk to buy that car and he's encouraging me to get this one...it may be his revenge. I thought your handle sounded familiar!
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Feb 15, 2015 12:11
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spinst posted:My dad's work does a pension, but it is not in great health right now according to him. I've heard a few people question their company's pensions, but aren't pensions under a certain amount guaranteed by the government? I think I read that anything under 80k a year was insured. Maybe I read it wrong. Maybe it was just railroad pensions.
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Feb 15, 2015 14:33
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http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation The way I understand it, if your company goes tits up (or its pension plan does), PBGC takes over the pension. Not the ideal situation as your benefits will likely be cut anyways, but you are guaranteed up to $55k/year as of 2011. Interestingly, almost all of the biggest pension funds they've taken over are either airlines or steel companies.
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Feb 15, 2015 15:20
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Another good "It Came From Reddit"quote:This is a throwaway due to details. Hits the Bad With Money Bingo: -~$115K in debt -wife can't understand why there's no money left -can't save or pay on debt because of vacations and "gifts" -obviously can't sell those cars to get something cheaper -willfully ignoring highest balance/highest interest card -"and also we want to a buy a house soon"
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Feb 15, 2015 16:03
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How? How does anyone let this happen, let alone 2 people. That post ticks all the bad with money boxes, just have to find out if one those cars is a truck. Wonder what they plan on doing when their income takes a nose dive for 3 months.
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Feb 15, 2015 16:34
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In the comments from the OP it gets better:quote:We spend $1000-$1300 per month on food including both grocery and eating out. She'd like to cut back here, but at the same time we love going out to eat, drinking wine and she only shops at Whole Foods. She's never learned to be frugal at the grocery store. She is a vegetarian which should help but really just means that much more is spent on fresh vegetables. No processed food is purchased and vegetables go incredibly fast without many fillers on the plate. $5-8K for Christmas, must send all nieces/nephews to camp for another $5K/year, obviously need two different gym memberships and to take all of those nieces/nephews on a $3K spring break trip. These are non-negotiable.  The comments are all "stop digging into the well" while he lists off reasons why he can't do anything reasonable.
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Feb 15, 2015 16:39
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Cast_No_Shadow posted:Who the gently caress cares. Is it too late for me to coin the term Food Truck Equity? The reddit post quoted right above mine is amazing and better than this one, but there are some similarities. IT CAME FROM REDDIT http://www.reddit.com/r/personalfinance/comments/2vvng3/whats_the_best_way_to_curb_impulse_spending/ quote:What's the best way to curb impulse spending? (self.personalfinance)
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Feb 15, 2015 16:41
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Now you guys have me scanning r/personalfinance for tales of woe and/or stupidity.""A Redditor" posted:I brought in a certified check into my branch, The check was from a separate investment firm that I had been saving money with. I booked an appointment with the bank to set up a new long term savings acount, I gave the bank representitive 2 checks at that time that I wanted both placed in this long term savings account. tl;dr-- Dude deposits a $10,000 check at his bank, bank loses it, fast forward TEN YEARS and dude never once verifies that said money actually got placed into the account. Send help.
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Feb 15, 2015 16:57
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overdesigned posted:Now you guys have me scanning r/personalfinance for tales of woe and/or stupidity. Shouldn't the bank be able to produce the amounts of his opening deposits? Or do banks have a "lol we shred all records after 7 years" rule like other businesses?
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Feb 15, 2015 17:18
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I guess the bank is saying the check never got deposited according to their records? I just don't get how you'd deposit ten thousand dollars and not at some point take a peek to make sure that the money was actually, you know, showing up in your account.
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Feb 15, 2015 17:24
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EugeneJ posted:Shouldn't the bank be able to produce the amounts of his opening deposits? Or do banks have a "lol we shred all records after 7 years" rule like other businesses? Yeah, most things are gone in 7 in the financial world. My company does 10 on some things, but the industry standard is 7. He can reach out to the company that issued the check. They MIGHT be able to see if it was deposited and he can go from there. It also might be with the states unclaimed property fund. But, there is a chance he's SOL.
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Feb 15, 2015 17:40
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Banks keep poo poo forever, you just have to plow past all the normal service people who say otherwise.
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Feb 15, 2015 17:50
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Krispy Kareem posted:I've heard a few people question their company's pensions, but aren't pensions under a certain amount guaranteed by the government? I think I read that anything under 80k a year was insured. Maybe I read it wrong. Maybe it was just railroad pensions. That's a good question, I'm not sure. He is a machinist, and his pension is through his union. My pension is through the state, and luckily, my state is one of the top 5 best funded teacher pension funds in the country. Though I still have 32 years left…
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Feb 15, 2015 18:37
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I accidentally overdrew my checking account and got charged a $25 fee. Had to transfer some money from my savings account to cover it. With the miniscule difference in interest rates between the two accounts, I should probably just keep everything within my checking account. Bad with money.
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Feb 15, 2015 18:51
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potatoducks posted:I accidentally overdrew my checking account and got charged a $25 fee. Had to transfer some money from my savings account to cover it. With the miniscule difference in interest rates between the two accounts, I should probably just keep everything within my checking account. Bad with money. It's true you should know what you have in your checking account, and that you shouldn't be overdrafting at all. That said, if the issue isn't that you're overspending, just that you sometimes forget transfers, you should think about switching banks. Ally lets you set up free overdraft transfers. If you overdraft, they transfer from your savings to cover it, no fees whatsoever are charged. I've never had to use it, but I have it set up just in case. I really like them for other reasons too. They reimburse all ATM fees, have "good" (~1%) savings rates, and their customer service has been great.
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Feb 15, 2015 20:00
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If all ATM's had a feature to deposit cash, I'd switch to an online checking account - but it seems like that is still years away
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Feb 15, 2015 20:25
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quote:To compound this issue we are looking at buying a house in the next 4 months. This cannot be put off as the loan is going to be held by my dying grandfather who wants to make the mortgage my inheritance after he passes away. While he's alive, our living expenses will increase at least $600-$800 per month to cover the difference between our current rent and the mortgage. Here you go grandson you get to inherit this mortgage. What a great gift. They seem to love debt so they might as well take that on while there spending is out of control.
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Feb 15, 2015 20:30
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A high-income idiot posted:Wife and I make 180k. 3 kids.... He hasn't come back yet to fill out the details on his monthly spending, but I posted it because "my high tax bill" 
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Feb 15, 2015 20:34
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it's pretty telling when they describe it as a "$1700 mortgage"
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Feb 15, 2015 20:38
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