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Dude is wise to keep his name off her poo poo. She will always be in debt because she clearly doesn't give a gently caress. 
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Nov 16, 2015 19:34
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enraged_camel posted:She may need a car, but a $26k car??? She needs to get rid of it and buy a used civic for $4-5k. That alone would save her a whopping $550 a month, with which she can use to pay off her high interest credit cards. Her car loan is 2%. She has no money to buy a used car. A used car loan would be 10-20%. Her best bet is to just keep the car, consolidate the consumer debt and then pay it all off over time while trying to get a better paying job.
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Nov 16, 2015 19:37
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enraged_camel posted:She may need a car, but a $26k car??? She needs to get rid of it and buy a used civic for $4-5k. That alone would save her a whopping $550 a month, with which she can use to pay off her high interest credit cards. she's like $10k underwater on the car and there's no way she can save up $15k with those debts. she's stuck with the car
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Nov 16, 2015 20:13
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Shouldn't those federal student loans be closer to 2%? Why are they the same as the private one? 
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Nov 16, 2015 20:37
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There's discussion about her being worse off than a homeless person. Some counter arguments to that as well. 
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Nov 16, 2015 20:54
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Pompous Rhombus posted:Shouldn't those federal student loans be closer to 2%? Why are they the same as the private one? I think 6% is the lowest rate now for federal loans. I believe my first loan from 2006 is 7.4%.
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Nov 16, 2015 21:02
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My 2006-2010 all stafford loans spanned from 6.5% during Bush era and dropped to 3.5%ish during Obama. Obv paid off the 6.5%s first.
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Nov 16, 2015 21:17
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Likewise, my 2005-2009 federal loans were almost all ~6.8%. If they were 2% or less I might not have been in such a rush to pay them off.
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Nov 16, 2015 21:28
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enraged_camel posted:She may need a car, but a $26k car??? She needs to get rid of it and buy a used civic for $4-5k. That alone would save her a whopping $550 a month, with which she can use to pay off her high interest credit cards. I'm curious what kind of car she has. I can't imagine financing anything for nearly $30K in her situation. Selling it and buying something cheaper makes the most sense, but I wonder if she's under water on it.
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Nov 17, 2015 00:14
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il serpente cosmico posted:I'm curious what kind of car she has. I can't imagine financing anything for nearly $30K in her situation. Selling it and buying something cheaper makes the most sense, but I wonder if she's under water on it. quote:The car is a 2013 Toyota Prius, 4door hatchback. She got kind of screwed when she purchased the car by herself. She was convinced to buy a "full warranty" that really isn't covering anything other than oil changes. Of course, this was a huge mistake and she's taking ownership (or lack thereof) and trying to manage this now.
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Nov 17, 2015 00:53
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Good lord. $10K under water on a two year old car. At least it gets good gas milage? EDIT: Also, reddit thinks quinoa is cheap? It's stupidly expensive now because demand for it has gone through the roof because it's a fad health food. il serpente cosmico fucked around with this message at 01:02 on Nov 17, 2015 |
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Nov 17, 2015 00:58
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Star War Sex Parrot posted:This is covered: With a 2% interest rate and a 550 payment, how the gently caress much did she pay for it? The most expensive new one I could find was 28K and hers is almost 3 model years old. It's almost impossible for her to be 10K underwater on that vehicle if her payment is that high. Something really doesn't add up.
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Nov 17, 2015 01:06
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hanales posted:With a 2% interest rate and a 550 payment, how the gently caress much did she pay for it? The most expensive new one I could find was 28K and hers is almost 3 model years old. The dealer really found themselves a sucker on that sale.
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Nov 17, 2015 01:08
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Star War Sex Parrot posted:She got fleeced on an extra warranty too. Though I have no idea how much that can add. I mean, unless she paid 30 for it this year, she should owe like 16K on it now, not 26. 2% interest makes you chew through principle fast. If she paid 30 for it this year she needs to just go drop it off at the dealer and take the repo. Hell my wife and I lived on one car for years even with a baby. 2 adults can make that work.
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Nov 17, 2015 01:20
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At that point no amount of love would keep me in that relationship, potentially marrying into that type of debt is bwm and should be avoided by running for the hills while he still has a chance. It's a bit callous but debt is a huge problem in many marriages of friends/co-workers, it is always a constant source of stress and arguments.
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Nov 17, 2015 01:24
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hanales posted:I mean, unless she paid 30 for it this year, she should owe like 16K on it now, not 26. 2% interest makes you chew through principle fast. If she paid 30 for it this year she needs to just go drop it off at the dealer and take the repo. Hell my wife and I lived on one car for years even with a baby. 2 adults can make that work. There has to be something else going on or the figures are wrong (unless the add ons were a mega-rip off).
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Nov 17, 2015 01:35
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Rythe posted:At that point no amount of love would keep me in that relationship, potentially marrying into that type of debt is bwm and should be avoided by running for the hills while he still has a chance. It's a bit callous but debt is a huge problem in many marriages of friends/co-workers, it is always a constant source of stress and arguments. You can do it but you have to have both parties be super duper clear cut on how the debt will be paid down, in what order, how much of each paycheck, etc. That said, most people are dumbasses and fail to even talk about if both parties want kids or not before marriage so why would they bother talking about finances?
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Nov 17, 2015 01:40
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Prenups exist for exactly these types of situations.
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Nov 17, 2015 01:56
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You can usually cancel those warranties and get your prorated payment back.
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Nov 17, 2015 02:06
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r0ck0 posted:Shes a nutritionist and they have to spend $800 a month on food. You'd think spending $100k on school to learn about food you might be smart enough to cook high quality healthy meals cheaply?
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Nov 17, 2015 02:54
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B33rChiller posted:There's something to be said for having a stash of "blackout porn" handy.
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Nov 17, 2015 03:49
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This thread is fun, and I'm embarrassed that I haven't shared this story yet. In 2010, I attended the first conference where I was going to present my work. I didn't know poo poo about dressing in formal environments so my brother introduced me to his personal stylist. Her suggestions were expensive, but they looked good ... even today, no regrets. However, a couple of years later, it turns out she was also running a Ponzi scheme. Yes, the woman deserves to burn in hell for the poo poo she pulled, but why the gently caress did people agree to give her that much money? Morons!
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Nov 17, 2015 04:29
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hanales posted:With a 2% interest rate and a 550 payment, how the gently caress much did she pay for it? The most expensive new one I could find was 28K and hers is almost 3 model years old. In 2012-2013 Prius based at 36-38k due to insane demand. When gas was 4 a gallon things went nuts.
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Nov 17, 2015 05:23
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Suspicious Lump posted:Not sure about USA but nutritionist in Australia is a non certified BS that anyone can claim. Dietitians are certified and require registration with a body proving expertise before you can use that title. In other words not only is she bad with money, she is bad with choosing a degree. gently caress me dead a dietitian should be earning decent coin whereever you go. Well she works at a "luxury spa/resort" and get's paid commission that must be either for sales or signing people up to something, so yes, definately sounds like a bogus "degree" which would also explain the student loans as all those bullshit qualifications always come with big price tags.
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Nov 17, 2015 06:26
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Suspicious Lump posted:gently caress me dead a dietitian should be earning decent coin whereever you go. That reminds me of my little sister. She's just about to finish her Master of Dietetics, having spent six years at university studying, and instead of getting a job as a dietitian after she graduates, she's decided she wants to take a year (or two) off and go travelling in Europe. Despite advice from practically everyone she knows (including her professors, including her adviser, including working dietitians) that she really should get a job now and work for a couple of years first, and if she doesn't she's going to have real trouble getting a job once she gets back because the market for dietitians in New Zealand is so competitive. Nope, she's "stuck in a rut" (actual quote) and needs to get out of that rut by spending all her savings on a Contiki tour, and then probably not being able to get a job in her field. 
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Nov 17, 2015 06:28
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Chocolate Milk posted:That reminds me of my little sister. She's just about to finish her Master of Dietetics, having spent six years at university studying, and instead of getting a job as a dietitian after she graduates, she's decided she wants to take a year (or two) off and go travelling in Europe. Despite advice from practically everyone she knows (including her professors, including her adviser, including working dietitians) that she really should get a job now and work for a couple of years first, and if she doesn't she's going to have real trouble getting a job once she gets back because the market for dietitians in New Zealand is so competitive. How is she going to pay for two years of touring after studying? If she spends more than 6 months out of the country her student loan will attract interest which will be crippling given the fees and living costs she must have had to borrow. For most kiwis the big OE involves working. e: also the economic outlook is kind of poo poo at the moment and it's time to get a job if you can.
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Nov 17, 2015 06:58
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Chocolate Milk posted:That reminds me of my little sister. She's just about to finish her Master of Dietetics, having spent six years at university studying, and instead of getting a job as a dietitian after she graduates, she's decided she wants to take a year (or two) off and go travelling in Europe. Despite advice from practically everyone she knows (including her professors, including her adviser, including working dietitians) that she really should get a job now and work for a couple of years first, and if she doesn't she's going to have real trouble getting a job once she gets back because the market for dietitians in New Zealand is so competitive.
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Nov 17, 2015 07:48
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theHUNGERian posted:This thread is fun, and I'm embarrassed that I haven't shared this story yet. I'm curious how she framed the risk. Ponzi schemes usually offer really good returns at relatively low risk, but this was mortgage loans for people with bad credit. Who the gently caress makes subprime home loans and then is surprised when it turns to poo poo? The fact that it was a Ponzi scheme means at least some people made money which is probably better than they would have gotten had she actually been lending the money out to real borrowers.
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Nov 17, 2015 14:25
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il serpente cosmico posted:Good lord. $10K under water on a two year old car. That's why I invest heavily in only couscous.
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Nov 17, 2015 15:00
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Grain futures, guys. It's what's gonna make us all filthy rich!
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Nov 17, 2015 16:24
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You people don't even know about lentils?! Oblivious fat cats!
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Nov 17, 2015 16:39
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r0ck0 posted:You people don't even know about lentils?! Oblivious fat cats! I was wondering when someone was going to bring up lentils. Hardcore FI threads are scary.
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Nov 17, 2015 16:56
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Soy! Soy! Soy!
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Nov 17, 2015 18:00
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I thought the real money was in Frozen Orange Juice Futures.
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Nov 17, 2015 18:21
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BigDave posted:I thought the real money was in Frozen Orange Juice Futures. Sure thing, Mortimer.
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Nov 17, 2015 18:38
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Apprentice Dick posted:In 2012-2013 Prius based at 36-38k due to insane demand. When gas was 4 a gallon things went nuts. That's fascinating, I did not know that, as I was not new car shopping at that time. 37K @ 2% on a 72 month schedule brings us closer to the numbers they are talking about.
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Nov 17, 2015 18:44
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Apprentice Dick posted:In 2012-2013 Prius based at 36-38k due to insane demand. When gas was 4 a gallon things went nuts. Gas prices do fun things to the new and used car markets. When gas is $4/gallon, small motorcycles and hybrids get stupid expensive. One dealership told me they had a waiting list of 60 people who would buy a 250cc motorcycle as soon as it came in. You could also get an SUV or truck for crazy cheap from owners who were sick of paying $90 each time they filled up.
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Nov 17, 2015 19:32
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canyoneer posted:You could also get an SUV or truck for crazy cheap from owners who were sick of paying $90 each time they filled up. Duh, only fill it halfway.
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Nov 17, 2015 19:38
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Wow. I got my Camry for $22k new in 2012. I don't understand how the prices could get that high. Oh no I'm paying $50 at the pump, better spend an extra $12k on my car to cut that in half, that'll help tighten the old budget up
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Nov 17, 2015 19:42
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Buddy of mine recently paid the incorrect amount for a wedding. Discuss.
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Nov 17, 2015 19:43
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