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MrKatharsis posted:Something something Warren Buffett something investing during a down year is actually good. Cheap hamburgers! nom nom nom! I stayed with my sister while visiting family, and they are Long Island "keep up with the Joneses" as gently caress. All the BWM poo poo almost gave me a stroke. The easiest to explain is this, with the caption, "Just like mommy and daddy's!" (Adorable) Baby is 8 months old. Yes, those are real diamond studs in her ears.  Honorable mention goes to spending $50 on ribbon two days before Christmas, at full markup, because "our friends expect fancy wrapped presents." It went unused.
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Dec 28, 2015 18:01
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8 month old baby given a toy marked "Ages: 3+", having a hard time backing you up on this one OTOH the baby is gift wrapped, the cost savings on giving it away must be enormous eta3: maybe the box... is empty 
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Dec 28, 2015 18:53
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at least the diamond studs can be used for the rest of her life. GWM by getting as much usage in and starting early so price per wear is reasonable
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Dec 28, 2015 19:16
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legsarerequired posted:It is me, I am bad with money. I wouldn't feel too bad about it. Keep trying to get the food spending down, but everyone I know feels like they spend too much on food. It's the hardest BWM thing to beat, in my opinion. It's really easy to slowly fall off of that wagon, because you always need to eat. Buying expensive dumb poo poo is easy to avoid because you can just *not do it*. So keep trying but don't feel angry about it.
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Dec 28, 2015 19:25
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Inverse Icarus posted:Cheap hamburgers! nom nom nom! My in-laws did the same thing with my nephew. Except they did it thrice. They got him a power wheel motorcycle when he was 1, a power wheel truck when he was 2, and this Christmas they gave him a power wheel tractor. He still hasn't figured out how to use the first one.
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Dec 28, 2015 20:42
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SaltLick posted:at least the diamond studs can be used for the rest of her life. GWM by getting as much usage in and starting early so price per wear is reasonable *kid swallows earring*
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Dec 28, 2015 20:42
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legsarerequired posted:I doubled the automatic transfer to my vanguard because CLEARLY I will find a way to spend the money otherwise. Ugh. If you're living at home then you're still in an environment where the "normal" is fast food daily, right? Cut yourself a little slack--you're recognizing a problem that is rooted pretty deep in your upbringing. Some people never get that far. Start a thread!
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Dec 28, 2015 20:51
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pr0zac posted:*kid swallows earring* No problem, she's still wearing diapers. Check and mate.
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Dec 28, 2015 20:55
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pr0zac posted:*kid swallows earring* I think I saw this happen on a sitcom once
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Dec 28, 2015 21:50
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A boy swallowed an engagement ring on Scrubs. The unwillingness of the giver to divulge to the recipient what happened to it and how it was recovered before she ever knew about it blew up in the giver's face just as you'd expect it to.
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Dec 28, 2015 22:07
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Moneyball posted:My sister is a BWM all star. I posted about it a dozen or so pages ago, but I think she's just going to go through life this way. She's a single mom of teens, but she's adding to her struggles with terrible decisions.
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Dec 29, 2015 06:25
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Inverse Icarus posted:Cheap hamburgers! nom nom nom! So it's a couple days after Christmas and the worst BWM we have come up with is a $200 toy car that the baby is a bit too small to ride in?
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Dec 29, 2015 06:41
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Suspicious Lump posted:Bad with Facebook right here. You can drop someone from your facebook feed without unfriending them.. Yeah, but then you've got to be careful about what you post that they might see, etc. It's a perfectly cromulent move, I have separate "personal" and "professional/I-don't-really-know-you" FB accounts.
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Dec 29, 2015 07:02
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BEHOLD: MY CAPE posted:So it's a couple days after Christmas and the worst BWM we have come up with is a $200 toy car that the baby is a bit too small to ride in? Well, the guy whose cafe I mentioned here opened a couple weeks ago and this is the owner's current fb status: quote:it's at a critical state at [redacted]. very touch-and-go. lolllll every day I have to check my bank account to see what was withdrawn: 12 auto-pay credit cards, car, rent, phone, utilities, random auto-pay, etc. and make sure there are funds to cover it. so far, so good. I actually think I'm going to swing this thing. everyone says, "don't air your dirty laundry and the financial realities of the space. it makes you look unstable and unappealing to potential investors." well, sweet cheeks, I full funded this baby on my own with a few small donations from friends. I'm not worried about scaring away would-be investors. If folks want to invest in a space like this, they are going to want to do it even more when they here the actual story. WYSIWYG. transparency and compassionate openness is where it's at. and the reality is I obliterated my credit score, pulled a little hat-trick theatre, and maxed out $65,000 worth of credit - risking it all on the belief in - and vision for - a different way of doing business. no blue print, no business plan, no idea what the hell I was doing. just a little sweet bird chirping in my ear, "why not?" and I would do it all over again. This is the adventure of a lifetime. why hide it away?
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Dec 29, 2015 07:53
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Horking Delight posted:Well, the guy whose cafe I mentioned here opened a couple weeks ago and this is the owner's current fb status: I'll give it less than a month before he folds the business.
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Dec 29, 2015 08:26
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IllegallySober posted:I'll give it less than a month before he folds the business. Not a chance. He's emotionally tied up in it and he'll be able to last a while sales-wise from the novelty of a new place that doubles as a community center. Plus, missing rent for a month won't be enough to get him evicted. He'll easily get past the three-month mark.
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Dec 29, 2015 08:45
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Suspicious Lump posted:Bad with Facebook right here. You can drop someone from your facebook feed without unfriending them.. Yeah, I know. I did eventually block my sister from my main account after an argument. Juvenile, I know, but avoiding family drama is sometimes worth it. I have unsubscribed from a lot of people this year and it's been refreshing. Content: Reviews on Credit Karma are not quite as funny as Reddit, but a goldmine nonetheless. I actually fell for a couple negative reviews on there and got spooked about Chase possibly processing payments on my CC late. I figure those people must have scheduled a payment too late for it to count for that date and are just saying it's Chase's fault. Anyways... I have no idea what's going on here. How is their score going up? quote:I don't know mine before the middle of last year. I guess the 544 was the result of the missed payments, and it's going back up because of steady student loan and car payments now? It's good to see someone can tank their score and build it back up. But still... pay day loans? Moneyball fucked around with this message at 13:04 on Dec 29, 2015 |
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Dec 29, 2015 13:02
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Moneyball posted:Yeah, I know. I did eventually block my sister from my main account after an argument. Juvenile, I know, but avoiding family drama is sometimes worth it. I have unsubscribed from a lot of people this year and it's been refreshing. If you don't have new negatives, your score consistently rises. As your negatives age they have less weight overall to your score, until they drop off @ 7 years. That guy has bigger problems than credit score, he clearly needs to stop buying things. Financing a phone is the definition of BWM. Don't worry about chase. The most annoying thing about them is their 5/24 rule (If you've opened 5 credit cards in the last 2 years they auto deny you for most of their products). It's to prevent churning. Besides that they act like any other CC issuer (Although I've heard they can be stingy with CLIs).
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Dec 29, 2015 14:15
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hanales posted:Financing a phone is the definition of BWM. Not if you're paying zero interest. 
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Dec 29, 2015 14:41
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hanales posted:If you don't have new negatives, your score consistently rises. As your negatives age they have less weight overall to your score, until they drop off @ 7 years. I have a maxed out Chase Slate card (lots of the debt was CPA exam related, so GWM?) at 0% for all of 2016 and a Chase Freedom that I'll be using until its intro APR is up, also for the rest of 2016. I was just concerned about late payments so I've paid a week early despite having auto-pay set up. I think I'll let them go automatically this week and assume everything will work out.
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Dec 29, 2015 14:53
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ohgodwhat posted:Not if you're paying zero interest. If you don't think that buying a cell phone you can't afford because you can finance it at 0% is BWM, I feel like you might have some stories to share with the thread.
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Dec 29, 2015 14:58
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Even if you can afford it, why not finance at 0%? Time value of money and all that.
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Dec 29, 2015 15:03
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Don't they mark up most 0% financed things anyway? Like if I wanted to buy a new car for $20,000 and had the available savings, I would still take the 0% financing and use the $20k for something that earns interest. But the tradeoff for that rate is losing out on other incentives or a higher priced car, right?
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Dec 29, 2015 15:06
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Moneyball posted:Don't they mark up most 0% financed things anyway? That's how some new car deals work: pick one of either low interest rate or reduce cost of car by X. But some other 0% financing deals are just that. I bought a new lawn mower a few years ago at 0% for 2 years and wasn't any less for the mower if I paid cash that day. This is also how AT&T and other mobile carriers are selling phones now. You either pay $750 cash for a new iPhone or $31.25/mo for 24 months, it's the same thing. If you can afford the thing, and you have the option to 0% finance it, why not?
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Dec 29, 2015 15:13
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ohgodwhat posted:Not if you're paying zero interest. Naah, he clearly got that motorola card using the shopping cart trick, and is buying things he doesn't need to justify it. Just like he bought a mustang when he could have gotten a cheaper car. He clearly has issues with spending.
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Dec 29, 2015 15:57
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Moneyball posted:I have a maxed out Chase Slate card (lots of the debt was CPA exam related, so GWM?) at 0% for all of 2016 and a Chase Freedom that I'll be using until its intro APR is up, also for the rest of 2016. I was just concerned about late payments so I've paid a week early despite having auto-pay set up. Yeah you'll be fine. One thing to know, >90% utilization on one credit card = maxed out in the eyes of FICO scoring, which can drop your score anywhere from 30-100 points. Just keep that in mind if you're going to be applying for any new credit (car loan or mortgage or other cards).
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Dec 29, 2015 16:01
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quote:I full funded this baby on my own with a few small donations from friends
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Dec 29, 2015 16:31
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Easychair Bootson posted:If you don't think that buying a cell phone you can't afford because you can finance it at 0% is BWM, I feel like you might have some stories to share with the thread. Paying cash upfront for something if there is no cash discount and the financing cost is 0% or otherwise trivial is BWM, if you don't instantly understand why you are BWM
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Dec 29, 2015 17:39
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Easychair Bootson posted:If you don't think that buying a cell phone you can't afford because you can finance it at 0% is BWM, I feel like you might have some stories to share with the thread. This used to be bad. Now it just depends, because sometimes you get a cheaper plan for financing. That being said, "have to finance a $500 phone" is definitely not a must. There are $200 versions that are not as good, but def capable. So I would buy into "have to finance a $200 phone."
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Dec 29, 2015 17:48
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I'd be careful with all of those 0% offers, especially those from retailers for things like furniture. Because if you ever miss a single payment (even if it was entirely by accident), many of them will charge you an exorbitant amount of interest as a penalty.Nocheez posted:What kind of scumbag would say something like this? I no longer associate with those people, for obvious reasons. melon cat fucked around with this message at 18:35 on Dec 29, 2015 |
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Dec 29, 2015 18:28
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BEHOLD: MY CAPE posted:Paying cash upfront for something if there is no cash discount and the financing cost is 0% or otherwise trivial is BWM, if you don't instantly understand why you are BWM
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Dec 29, 2015 21:48
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In which someone tries to have a reasoned discussion on how to diversify an inherently undiversified quote:Does anyone apply "logic" or "rules" to the silver acquisitions they make to ensure their stack is diversified? Ex, I only buy generic bullion/bars because X reason.... This one's a little more sublime than some lighter BWM fare because it mostly rests on the horrible assumptions metal hoarders take for granted, but I still enjoyed it. e. The silver...it watches 
Guest2553 fucked around with this message at 23:12 on Dec 29, 2015 |
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Dec 29, 2015 23:08
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melon cat posted:I'd be careful with all of those 0% offers, especially those from retailers for things like furniture. Because if you ever miss a single payment (even if it was entirely by accident), many of them will charge you an exorbitant amount of interest as a penalty. Just never miss a payment ever. on anything. jfc.
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Dec 30, 2015 01:30
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Guest2553 posted:In which someone tries to have a reasoned discussion on how to diversify an inherently undiversified  quote:In a bad economy, like When The poo poo Hits The Fan kind of economy, no one will care about the low mintage Kookaburra with the rare Game of Thrones privy designed by Liam Neeson, but melt value will be so high in that case that I will also be able to make a great return to buy more bullets and food cubes to feed my family and fend off the roving gangs of radioactive mutants that didn't have the forsight to buy silver and guns.
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Dec 30, 2015 07:24
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I paid off my student loans for Christmas, probably I little BWM since I won't have that on my credit report anymore. $9812 at 4.5% $115 mo 25 year payoff or something. Feels good to be free though.
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Dec 30, 2015 09:59
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Tigntink posted:Just never miss a payment ever. on anything. jfc. Even more than that, treat it like an installment loan and ignore the minimum payment. Total/number of payments = monthly minimum. Many people pay the minimums the whole time and either end up paying a ton of interest or have to make a sudden balloon payment (usually with another credit card, rinse repeat).
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Dec 30, 2015 12:53
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Speaking of BWM: I'm buying a 3rd vehicle this year (financing for the second time, too) right before the end of the year. 2006 Silverado Ext. can w/ trailering package for $5500 over 36 months @ 1.49%. 
Phone fucked around with this message at 16:21 on Dec 30, 2015 |
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Dec 30, 2015 16:15
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KingFisher posted:I paid off my student loans for Christmas, probably I little BWM since I won't have that on my credit report anymore. $9812 at 4.5% $115 mo 25 year payoff or something. Feels good to be free though. Is it too late to add my nomination for worst humblebrags of 2015? PSL please do the needful
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Dec 30, 2015 16:27
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I wonder if car buying is one of those White Privilege things no one ever thinks about. If you're middle class and up, there's a good chance you'll either be given your first car or help purchasing one. A few years later, your next car will be significantly cheaper because you can trade-in your wholly owned first car. I mention this as neither my wife nor I (born lower-middle class) had any car equity starting out and it's only in our last purchases that we had anything close to decent trade-in values. Maybe it's not White Privilege as much as a poor tax.
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Dec 30, 2015 16:37
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Renegret posted:Is it too late to add my nomination for worst humblebrags of 2015? Yeah this is pretty bad, I think you found the winner. quote:I wonder if car buying is one of those White Privilege things no one ever thinks about. If you're middle class and up, there's a good chance you'll either be given your first car or help purchasing one. A few years later, your next car will be significantly cheaper because you can trade-in your wholly owned first car. Cars are BWM in general, but there's nothing special about this case, this is just capitalism and inherited wealth at work, same as with property. The entire economy at this point is set up to be a poor tax. Nail Rat fucked around with this message at 16:43 on Dec 30, 2015 |
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Dec 30, 2015 16:40
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