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subx posted:Fixed that for you. Don't be forgetting the horses. Well, looks like the horses are the babies so its almost a moot point....
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Apr 13, 2015 19:25
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Haifisch posted:So he won't stop smoking away his family's money, and he's resisting being a stay at home dad while his wife earns more money than he can. I don't want to jump to SEVER like so much of the internet does, but they need to have a serious talk about priorities now that they have a baby to provide for. Well we don't know, maybe it's his house that he inherited prior to the marriage, if so then she'd be a homeless nurse with a bunch of horses.
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Apr 13, 2015 19:32
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Nail Rat posted:Well we don't know, maybe it's his house that he inherited prior to the marriage, if so then she'd be a homeless nurse with a bunch of horses. I thought of that too, but it still doesn't change the fact that neither of them give enough of a poo poo about their baby to give up anything. Smoking for a variety of reasons, horses, a house that's way over their budget to even maintain and a bunch of other random stuff they could do without. Also the horses being 3500 a year seems way underbudgeted. I can't imagine each horse being less than $100 a month, and that's super lowballing it. That puts just the horses at 4800 per year. If these people really exist holy poo poo they are ruining that kids life over some drat pets and a house they can't possibly utilize.
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Apr 13, 2015 19:55
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She seems to have come around on selling the house, but she has no idea why she would ever pay rent to someone and wants to buy another house. She's a big fan of that subreddit!
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Apr 13, 2015 20:07
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Buying another place wouldn't be the worst thing in the world if it was cheap. Houses are cheap in the middle of nowhere so for her to live in the middle of nowhere in a 450,000 dollar house, it has to be a loving mansion. Probably with easily 10k worth of stuff that needs to be fixed every year.
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Apr 13, 2015 20:11
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Gothmog1065 posted:http://www.amazon.com/Rainbow-E2-Type-12-Complete/dp/B005R4AB1W quote:1Sucking action for your soul
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Apr 13, 2015 20:15
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r/personalfinance is a lot like watching Hoarders. Terrifying and mesmerizing at the same time. I don't know if this one can possibly be real: - $150,000 in student loans with unknown interest rate (ironically, studying finance) - Still at least 2 and half years away from a degree - Earning $1000 a month, but going to quit that job because it's no fun
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Apr 13, 2015 20:20
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Oh god.... noooooo, don't do it Bill! Bill is my coworker. He is pretty young--about 25. He does a good job at work. He's professional, clean-cut, well-mannered. He's a volunteer firefighter on top of working full-time. He's also enrolled in college classes and has tens of thousands of dollars in student debt, and is planning to acquire more. He reports that he has bad credit. He just walked into a room where I was sitting with four other coworkers on a break. He said he just found out he can lease the car that he's in love with for just $660 a month. Cue absolute terror from all of us... we immediately tell him there is no scenario in which he should ever lease a car for that much. We are emphatic. We tell him it's insane, that he can't afford it, and that he's going to spend way more than $660 a month on the car when he accounts for insurance and gas. One coworker explains that Bill already owns a car that he bought just three years ago, so why does he need a new one? "I hate that car," replies Bill. We explain to Bill that he doesn't even drive to work, he takes the commuter rail, which costs him hundreds of dollars a month for an unlimited pass. "But I drive to a station that's closer to the city," replies Bill, "and I really love this car." We insist that the answer is NO. One coworker aptly and bluntly adds that Bill has "sucker" written all over him and that the guys at the dealership see him coming from a mile away. He leaves, and we all hope that's the end of it. I just overheard him on the phone talking to the dealership, and he was insisting that he can't pay more than $500 a month. Did I mention that Bill is an executive assistant? He's not pulling in fat paychecks.  edit: I don't know what car he's trying to lease
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Apr 13, 2015 20:44
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100 HOGS AGREE posted:@dril is good He is a funny bastard.
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Apr 13, 2015 20:44
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Senf posted:She's an RN but insists that she wouldn't be able to find work, even though an RN is one of the most in-demand positions out there right now. If she were to work and have her husband stay home, their take home would likely double and depending on where they live, maybe even triple. Also what kind of extortionate child care is she putting the kid into if she can only just barely cover the costs of a single 1 year old on an RN's wage.
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Apr 13, 2015 20:51
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Nail Rat posted:Buying another place wouldn't be the worst thing in the world if it was cheap. Houses are cheap in the middle of nowhere so for her to live in the middle of nowhere in a 450,000 dollar house, it has to be a loving mansion. Probably with easily 10k worth of stuff that needs to be fixed every year. Yeah, it wouldn't be bad in a vacuum except that she can't get a job where she is and her husband has a bad job, so why buy there? If they move, they may not be able to get jobs (they don't seem like the type to apply to jobs first), so they shouldn't buy anyway until they actually get their finances in order and have some stability. It's just funny that she loves this subreddit but has awful consumer habits and can't figure out that paying $15,000 in rent for a year is actually ok. I also do not trust the narrator when she evaluates the cost of apartments in what she considers "scary" and "safe" neighborhoods. I actually don't trust her when it comes to anything. Car Lease: The BMW 4 series convertible is my "if I fell into a million dollars, I'd buy it" purchase and that can be leased for a flat $600/mo, so yeah, lol. It's actually good that he doesn't drive very far. He's certainly going to get wrangled into some 10k/yr mileage limit.
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Apr 13, 2015 20:53
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Just realized that 4 Horse Lady is factoring estimated tax returns into their annual income.quote:Take home pay $31,200/year + projected tax refund $5k-$6k = about $36,200 And that still puts them in the red... Florida Betty posted:r/personalfinance is a lot like watching Hoarders. Terrifying and mesmerizing at the same time. "Absolutely hates desk jobs," studying finance.
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Apr 13, 2015 20:59
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Florida Betty posted:r/personalfinance is a lot like watching Hoarders. Terrifying and mesmerizing at the same time. how are you 150k in debt and still 2.5 years from a degree? "A combination of 15 failed / dropped college classes" "I spent about 4 years pretty much depressed and aimlessly living life in college. I didn't go to college to learn. I went there because it was a way to socialize a little and make my life a little more worth living." JFC, how come you haven't bought a horse yet
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Apr 13, 2015 21:09
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paperchaseguy posted:how are you 150k in debt and still 2.5 years from a degree? Not that uncommon, and it's also understandable. Your are putting a young, immature person into a new social setting and basically gambling tens of thousands of dollars that they won't mess it up. I've said for a couple of years now that the current system of higher education in the US is completely unsustainable. You just don't make enough after getting a degree to justify the crazy expense. And now that is true even when you stay in state and commute to school. subx fucked around with this message at 21:17 on Apr 13, 2015 |
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Apr 13, 2015 21:15
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subx posted:I've said for a couple of years now that the current system of higher education in the US is completely unsustainable. You just don't make enough after getting a degree to justify the crazy expense. And now that is true even when you stay in state and commute to school. This isn't even remotely true. BLS data shows that a person with a bachelors earns about $400 a week more than a high school graduate and unemployment is significantly less. Ignoring the unemployment, the gap between earnings of high school grad and someone with a degree is extremely large over the course of a lifetime at approximately $900k or $1.2 million versus $2.1 million in expected earnings. If you got a for profit and spend 200k it's probably not worth it, but the median state school costs $64k total which results in a ridiculously large return. That isn't to say the US higher education system doesn't have massive issues, but ROI isn't one of them if you graduate.
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Apr 13, 2015 21:59
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subx posted:Not that uncommon, and it's also understandable. Your are putting a young, immature person into a new social setting and basically gambling tens of thousands of dollars that they won't mess it up. Five years and changing majors four times. I've seen a few people do that and it always seems to take 3-5 years before they realise they should be doing something else. Often there is a lot of pressure from parents on a young person who hasn't found what they want to do. Poor bastard never figured out that most degrees will lead to a desk job.
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Apr 13, 2015 22:02
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paperchaseguy posted:how are you 150k in debt and still 2.5 years from a degree? It's kind of crazy when the best advice is to literally flee the country and never return.
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Apr 13, 2015 22:08
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Uranium 235 posted:Oh god.... noooooo, don't do it Bill!  When I talked to him again he was going on about how they're going to buy him out of his current car and how he can just trade-in when this new lease is up... I really hope he doesn't do it. Uranium 235 fucked around with this message at 22:59 on Apr 13, 2015 |
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Apr 13, 2015 22:56
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Uranium 235 posted:Okay, I figured it out. He wanted to get a $40,000 2015 Jeep Grand Cherokee Laredo. After our 'intervention' he called the dealership again, and now he's going to look at a 2012 Grand Cherokee that has sun roof, heated leather seats, navigation, reverse camera, etc. It's only $24,000 so it's more "affordable". loving Bill man. Why is he against doing a less harmful thing like pulling in a 5 year loan on that car?
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Apr 13, 2015 23:04
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Uranium 235 posted:Okay, I figured it out. He wanted to get a $40,000 2015 Jeep Grand Cherokee Laredo. After our 'intervention' he called the dealership again, and now he's going to look at a 2012 Grand Cherokee that has sun roof, heated leather seats, navigation, reverse camera, etc. It's only $24,000 so it's more "affordable". That's his dream car? A Jeep Grand Cherokee?!?! With an unimpressive trim package? An American SUV? That's his loving dream??!?! Did anybody point out to him that a brand new one is 40K, but the 3 year old one is under 25K? I'm sure that 2012 has a laughable amount of mileage on it, but dude-- were you really falling over yourself to get something that depreciated $15K in 3 years? That's also a top of the line Laredo at 40K. Not a thing spared. Nothing says bad with money more than "I got every single option on my car from the dealer." He gonna have it all! Blinkman987 fucked around with this message at 23:37 on Apr 13, 2015 |
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Apr 13, 2015 23:10
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Well a jeep is probably the least useful car with the worst mileage you can buy.
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Apr 13, 2015 23:25
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Where does Bill live? In the city proper or out in the burbs? There's a few reasons I bought strictly cheap(ish) used cars when I lived in the city. One look at the damage on my car will tell you why, there's more scratches than paint on the bumpers, dents all over the body from countless instances of people making contact with my (usually) parked car. The peace of mind of not having to worry about the way my car looks should I, say, hit a snowbank and damage the fender (I blame the short yellows of red light camers) is worth more to me than the money I saved buying used.
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Apr 13, 2015 23:36
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College chat in the USA is depressing. I'm envious of people who graduate high school and knew what they wanted to do career wise. I sure didn't. Thankfully I didn't spent $150k figuring that out, and when I went back to school I had A Plan. My sister is graduating next month and she's not at all sure what she wants to do with her degree - she's thinking maybe law school or an MBA... She clearly hasn't thought about her career at all, and she needs a job in just over a month from now... Scary. But in retrospect, I was nearly in the same place at 21 - but I didn't spend 4yrs and 6 figures in school at that point. I hope she figures it out soon! At least my folks won't pay for grad school, so she has to think about it first! Veskit posted:loving Bill man. Why is he against doing a less harmful thing like pulling in a 5 year loan on that car? SiGmA_X fucked around with this message at 01:12 on Apr 14, 2015 |
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Apr 14, 2015 01:00
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Here's a dumb idiot who lives with his parents and was super resistant to creating a resume and applying for more than one job at a time because he has video games to play, dammit! http://forums.somethingawful.com/showthread.php?threadid=3712292
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Apr 14, 2015 01:28
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http://forums.somethingawful.com/showthread.php?threadid=3713103Crunk Abortion posted:About a year ago, I wrecked my previous car (for which I paid cash). I made it until November before I had my money squared away to the point where I could afford to buy a decent car to replace it. The problem is, I'm in the process of rebuilding my credit after a bunch of irresponsibility in my early 20's. I'm in the lower mid 600's now, and I was in the upper 500's then. So I have a really decent car now, financed through my credit union, and I can afford the payments on it just fine. Crunk Abortion posted:This is what I was looking for. If I'm not gonna get a better rate elsewhere, then I'll just make extra payments until the thing goes away. Also getting enough money squared away to buy a used car is -$10,000 at 16%for a used 2005 BMW with 100k miles. $5,624 borrowing cost. cowofwar fucked around with this message at 03:05 on Apr 14, 2015 |
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Apr 14, 2015 02:46
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Renegret posted:Where does Bill live? In the city proper or out in the burbs? I wish I'd known I was going to be living in the city when I bought my car. The first few scratches were kinda brutal on the psyche. Now I figure it'll just be my 20-year beater, as long as I keep the internals good it's smooth sailing.
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Apr 14, 2015 03:05
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Nail Rat posted:Or they could sell the house and the horses, buy a small condo in a city, and still have a couple hundred grand to put into investments/a very large emergency fund, plus be able to get better-paying work. Why do something that would immediately turn your life around? Instead, bathe in sadness and a race to see which decay will end you first - chain smoking cancer or financial millstone 
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Apr 14, 2015 03:17
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District Selectman posted:Why do something that would immediately turn your life around? Instead, bathe in sadness and a race to see which decay will end you first - chain smoking cancer or financial millstone The best worst part being, if she does get a nursing job and stays home with the kid, guess how much more smoke the little one will be exposed to when daddy's not away working 50-60 hours/week.
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Apr 14, 2015 03:43
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Not a Children posted:I wish I'd known I was going to be living in the city when I bought my car. The first few scratches were kinda brutal on the psyche. Now I figure it'll just be my 20-year beater, as long as I keep the internals good it's smooth sailing. I have an '07 that's lived most of it's life in NYC. I just so happened to have a few pictures handy, so gently caress it here ya go.   If even one of those marks showed up if it was new, I'd be flipping my poo poo. I have no idea why there are people crazy enough to buy expensive cars around here. Quite a few of those marks are from idiots playing bumper cars during rush hour so a garage isn't a fantastic solution. My brother bought this car new, and a few months after he bought it, a rogue shopping cart put a nasty scratch in his paint job. Cost a pretty penny to fix that one. A few years ago I bought it from him in cash for KBB value. A week after I bought it, I watched as some old lady was getting out of her car at the bank and a gust of wind caught her door, blowing it open out of her hands and putting a dent in my passenger side door. I just shrugged it off and went about my day. (Yes I was hyperbolizing when I said it was more scratches than paint, sue me)
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Apr 14, 2015 03:45
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If there is one nice thing about my truck equity purchase, is that hitches seems to be a magnet for any collisions. Its punched a hole in some ladies mini van, and nearly tore off the front bumper of my nieces car (they hit my parked truck). I get to shrug as it did nothing but leave some of their paint on my hitch. In my defense, I bought a used Ford Ranger as I had a short commute, and insurance was 800-1000 less than a Civic/Corolla. Also fairly bullet proof with regular oil changes. My Bike equity purchase, I will admit is fairly indefensible.
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Apr 14, 2015 04:14
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"Hey guys, I'm mired in debt and cut my pay in half to help someone open a restaurant. What do?"http://www.reddit.com/r/personalfinance/comments/32f7km/trapped_by_debt_stressed/ posted:Currently 32, male, bartender/restauranteur dealing with what I would consider some large debt numbers, and a low income, but I have a plan. That being said, I would like some feedback and please be gentle since you'll probably not be too impressed with #1, and neither am I. Uranium 235 posted:Okay, I figured it out. He wanted to get a $40,000 2015 Jeep Grand Cherokee Laredo. After our 'intervention' he called the dealership again, and now he's going to look at a 2012 Grand Cherokee that has sun roof, heated leather seats, navigation, reverse camera, etc. It's only $24,000 so it's more "affordable".
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Apr 14, 2015 06:08
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Jeeps are complete crap so the only way someone would want to buy one is due to advertising. It's paying off for selling Jeeps.
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Apr 14, 2015 06:49
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Devian666 posted:Jeeps are complete crap so the only way someone would want to buy one is due to advertising. It's paying off for selling Jeeps. BFC meets AI here-- what's a reasonable non-truck 4x4 vehicle that can do some off-road? My girlfriend got her semi-yearly bonus and would like to buy a new vehicle. Yay tech! We do camping/hiking and she was digging Jeep Wrangler. She talked about leasing one since she didn't think she'd want it more than 3 years, and I gave her enough information on why leasing (especially that vehicle) is bad. So, now she's looking at buying a used one since we'd just beat up the paint job and maybe a bumper. It's her money. She can buy whatever she likes, but I'd at least like to relay some good information if there's some available. PS - Random memory from last weekend, but you will never know the level of comedy involved in watching someone plow their Jeep Grand Cherokee into a big puddle for offroad hillbilly adventure only to completely blow their front tire and gently caress their front suspension on a submerged rock. Especially when they shout out that they just bought the thing this week and aren't quite sure if they have a good spare 
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Apr 14, 2015 07:14
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A little late, but did someone mention expensive pots? Edit: Blinkman987 posted:BFC meets AI here-- what's a reasonable non-truck 4x4 vehicle that can do some off-road? My girlfriend got her semi-yearly bonus and would like to buy a new vehicle. Yay tech! We do camping/hiking B33rChiller fucked around with this message at 07:28 on Apr 14, 2015 |
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Apr 14, 2015 07:19
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Haifisch posted:"Hey guys, I'm mired in debt and cut my pay in half to help someone open a restaurant. What do?" If you scroll down he was apparently in the Navy, yet somehow racked up $35k in student debt while "working his way through college". GI benefits? 
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Apr 14, 2015 07:55
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That man must be a very poor bartender if that is what his financial stats are at currently.... Also, sure, you can make "triple that" in Vegas if you are either at the top of our industry (safe to assume no,) highly certified in wine and become Somm for a massive casino or have the body of a Chippendales dancer/high end stripper with 5+ years of experience at incredibly high volume and don't mind going deaf from huge raves. That dude won't cut it.
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Apr 14, 2015 08:14
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Renegret posted:Where does Bill live? In the city proper or out in the burbs? edit: in his defense, he's driving to a station near a hospital where his mom has been hospitalized for months, so it's actually reasonable that he'd do that. That station is on a different LIRR line than the one he lives on. Can't really call him bad with money for that part, I think that's being a good son. I think he's a good person so I really hope he doesn't get the car. The one he has is perfectly fine, he just doesn't like it. It's a Honda CRV. 
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Apr 14, 2015 13:13
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Devian666 posted:Jeeps are complete crap so the only way someone would want to buy one is due to advertising. It's paying off for selling Jeeps. Hey that's not true, they're also really good at oiling the driveway. 
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Apr 14, 2015 13:56
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I know that truck equity here is  but why on Earth does mint ask how much my car is worth every time I log in?Is it so they can shamelessly offer me car loans?
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Apr 14, 2015 14:25
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Probably also so they can shamelessly find you tradein deals.
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Apr 14, 2015 14:37
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