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Yep! Don't make as much as some of these posters and I'm currently trying to work my way up the ladder with a degree and quite a bit of experience. Within the last year, I've really began to understand that time>money, especially as I freelance on the side on top of working 40 hours at an office. I don't have a family or a massive debt burden, admittedly. Still. even at the lower payscale for people with my experience, I've turned down various freelance opportunities for the sake of my sanity. I can totally understand paying an extra $500/mo to secure an additional hour or two of free time for every single day that I have to work, especially if you're at a decent pay rate already. For content: BWM is living in a 1 bedroom all by yourself while only clearing maybe 35k in Austin. I've got a few interviews lined up and other freelance projects that I'm hoping will become bigger deals, but my contingency plan is to get roommates. I love living by myself but paying nearly half of my take-home pay in rent is simply not sustainable. Neither is drinking craft beers and smoking kind buds with your mates all the time, for that matter. Imma get my life together sometime this year, I swear.
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Feb 18, 2016 00:16
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I'd gladly pay $500/mo to avoid having to walk anywhere, get any exercise, or go outside for any reason. *buys a gym membership to make use of my $500 free time* *takes uber to gym*
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Feb 18, 2016 06:12
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ITT people discover that the labor supply curve bends backwards!
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Feb 18, 2016 06:47
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It's not really worth working for $41/hour anyway, why bother.
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Feb 18, 2016 06:59
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Thesaurus posted:I'd gladly pay $500/mo to avoid having to walk anywhere, get any exercise, or go outside for any reason. I see what you're getting at but a 40 minute walk in freezing-rear end weather+a bus commute of unspecified length two times a day is not "free time" in my book.
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Feb 18, 2016 07:25
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Devian666 posted:It's not really worth working for $41/hour anyway, why bother. Would you accept $41 to work the last non-sleep hour you had every week? I definitely wouldn't, nor the 8 hours before that one, but everyone's curve is shaped differently. it's $41 in after-tax dollars, no less, unless he's found a way to deduct Uber expenses
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Feb 18, 2016 08:13
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Jeffrey of YOSPOS posted:He said it's a twenty minute walk to public transit, he then has to wait for a train or a bus, and then ride the train or bus. Assuming he takes twenty minutes off his commute, it's basically three extra hours of work per week. I dunno about you but that's well worth avoiding to me. Personally, if I were offered $500/month to work an extra three hours per week, I'd turn it down. My office has a shower. In the guys bathroom only. And every day is a humid 85-90 degrees. I spent too much money on a sweet rear end bike I take to work like once every 3 months because I show up sweaty and disgusting. My company also doesn't cover any health insurance for my husband, on a dependents pass, because he is male. Female dependent spouses are covered. If I were gay married, my spouse would be covered, even though being gay is actually still illegal here.
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Feb 18, 2016 14:06
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Switchback posted:
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Feb 18, 2016 14:16
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tumblr hype man posted:ITT people discover that the labor supply curve bends backwards! Don't hyper-extend your back under load, good way to get injured.
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Feb 18, 2016 15:18
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Switchback posted:My company also doesn't cover any health insurance for my husband, on a dependents pass, because he is male. Female dependent spouses are covered. If I were gay married, my spouse would be covered, even though being gay is actually still illegal here. What if he got a sex change operation?
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Feb 18, 2016 15:21
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I learned that a couple of my coworkers are BWM, and it's the only reason my work is still doing weekly paper paychecks instead of direct deposit. The conversation with the owner last night turned to payroll software and I mentioned: "By the way, it's 2016 - when are we going to go to direct deposit?" "Oh, well right now everybody is being paid on the last day of the week that they actually work. If we went to DD it'd have to be delayed by a week, where you get your checks the week after you worked it. Everybody would have to go one week with no check." "I'm.... fine with that? Isn't that how most companies do it?" [quietly] Yes, well, X & Y can't. I think they live check to check.So I felt like a tool for bringing it up, and a bigger tool for being annoyed by it. I would have more sympathy if I knew that X&Y weren't married to each other, living in a cheaper area than my husband and I lived in when we were making (combined) $18/hour and were able to sock away a small savings. I work in AP so I know that the couple makes around $30/hr combined, plus 20-30 hours overtime time-and-a-half, combined. They're also looking to buy a house, but apparently can't float one week of pay ???
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Feb 18, 2016 16:51
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drat Bananas posted:I learned that a couple of my coworkers are BWM, and it's the only reason my work is still doing weekly paper paychecks instead of direct deposit. The conversation with the owner last night turned to payroll software and I mentioned: I remember working my first job, and asking a coworker why she came in on her day off to pick up her paycheck when she was scheduled to work the next day. Just pick it up then??????? Well, you see, not all of us can wait that long without our money. One day you'll understand  That was over 10 years ago and I still don't understand. If you live in NYC, work a minimum wage retail job that's a 10 minute walk from your apartment, and own a car, I have no sympathy for you.
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Feb 18, 2016 17:10
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Switchback posted:My office has a shower. In the guys bathroom only. And every day is a humid 85-90 degrees. I spent too much money on a sweet rear end bike I take to work like once every 3 months because I show up sweaty and disgusting. Jesus poo poo, do you literally work for the Old Boys Club?
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Feb 18, 2016 17:25
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Switchback is in Singapore if I recall correctly, not exactly a bastion of civil rights or cheap living.
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Feb 18, 2016 17:41
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drat Bananas posted:I learned that a couple of my coworkers are BWM, and it's the only reason my work is still doing weekly paper paychecks instead of direct deposit. The conversation with the owner last night turned to payroll software and I mentioned:
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Feb 18, 2016 17:57
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NancyPants posted:Switchback is in Singapore if I recall correctly, not exactly a bastion of civil rights or cheap living. I had to check out her post history because none of that made any sense. Oh, Singapore...now it makes sense.
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Feb 18, 2016 20:03
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In New Zealand we delivery BWM directly to your door. Want to buy something, no problem we'll give you credit and end up effectively marking up products by 200-700% above retail price. http://www.stuff.co.nz/business/money/77018418/claims-truck-shops-charging-markups-of-700-per-cent quote:"I became a customer of a truck company and only ever got one singlet that cost $150. Being young and clueless I stopped paying them almost immediately. After about two years of receiving and ignoring penalty notices and extra charges, I later noticed on my bank statement that they had been taking a small amount out of my account each week for over a year so I rang them and asked how much I had paid and how much money I still owed.
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Feb 18, 2016 23:27
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Sounds like Fingerhut and their ilk. They don't make money on merchandise, they make money on extending credit.
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Feb 18, 2016 23:36
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drat Bananas posted:I learned that a couple of my coworkers are BWM, and it's the only reason my work is still doing weekly paper paychecks instead of direct deposit. The conversation with the owner last night turned to payroll software and I mentioned:
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Feb 19, 2016 01:02
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There was a payroll goof at my company when the new year switched over where the company's HSA contribution was accidentally deducted from the employee paycheck rather than made in addition to it. We're talking like $75 out of one paycheck, among a bunch of highly paid professionals. It was caught and corrected within a week yet people still bitched.
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Feb 19, 2016 01:21
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Switchback posted:My office has a shower. In the guys bathroom only. And every day is a humid 85-90 degrees. I spent too much money on a sweet rear end bike I take to work like once every 3 months because I show up sweaty and disgusting.
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Feb 19, 2016 01:22
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Dik Hz posted:My company went from paying bimonthly to biweekly with a one-week lag, and the bitching was so bad they offered 0% APR payday loans to people who needed them. And they intentionally did it in the middle of the month so fewer bills were due. You get paid twice a week?
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Feb 19, 2016 02:25
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FrozenVent posted:You get paid twice a week? That would be "semi-weekly".
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Feb 19, 2016 02:35
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Powerlurker posted:That would be "semi-weekly". Both usages are actually correct because English is ridiculous. http://www.merriam-webster.com/dictionary/biweekly
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Feb 19, 2016 02:40
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Yes but equally ridiculous is using both "bimonthly" and "biweekly" in the same sentence but intending different things each time.
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Feb 19, 2016 02:43
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I don't like zerohedge but there is a depressing article that appears to be reasonable talking about significant pension cuts. http://www.zerohedge.com/news/2016-02-18/i-guess-its-food-stamps-400000-americans-jeopardy-giant-pension-fund-plans-50-benefi Some are cut 40-60% and another is estimated to go broke in 2026. I'm guessing there's a lot of people who thought they'd have a sweet pension coming in as they've just retired to find that it is about to collapse.
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Feb 19, 2016 02:46
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This is why I have a deferred compensation account alongside my pension contributions  this worries me greatly, and many of my coworkers in their fifties and sixties have no such back up plan.
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Feb 19, 2016 03:31
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It's a bad situation made worse by the economy still being hosed. Bad enough with existing retirees depending on interest and collecting next to nothing at the current rates.
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Feb 19, 2016 04:29
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Devian666 posted:I don't like zerohedge but there is a depressing article that appears to be reasonable talking about significant pension cuts. On average, people spend more time planning their vacation than they spend planning their retirement. Ain't life grand?  Mocking Bird posted:This is why I have a deferred compensation account alongside my pension contributions melon cat fucked around with this message at 08:00 on Feb 19, 2016 |
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Feb 19, 2016 07:49
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melon cat posted:This is exactly why people need to plan their retirement under the assumption that a national/state-funded pension plan won't be there by the time they retire, because it's a potential reality that many will have to face. I've spoken to way too many clients who scoff at the idea of saving up for retirement because they foolishly believe that CPP/OAS (Canada national pension plan) will be sufficient to fund their retirement 30-40 years from now. Which is a joke, because CPP+OAS combined in today's economy is poverty-level income. And with average incomes stagnating and fertility rates being at record lows, there's no reason to believe that OECD nations' pensions plans will grow in any meaningful way. Couple that with the huge mortgages/consumer debt that many Canadians will still be paying well into retirement and you've got a shitshow of epic proportions. This article was published a few days ago on this very topic: article posted:But Shillington found the median value of retirement assets of Canadians age 55 to 64 is just over $3,000. Where RRSP/TFSA = 401K/Roth IRA. Also stated in the article is that for single people who can claim the maximum from CPP/OAS, the payout is $15k/year. $25K/year for couples. Good loving luck.
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Feb 19, 2016 10:10
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FrozenVent posted:You get paid twice a week?
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Feb 19, 2016 12:48
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Dik Hz posted:No, why do you ask? Because english is poo poo, and people mostly expect bimonthly to mean twice a month for paychecks. And they also expect biweekly to mean twice a month for paychecks.
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Feb 19, 2016 13:03
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City and state government pensions have been a time bomb for a couple of decades now. I guess I can't entirely blame people for assuming the city council or governor would just jack up taxes when the time came, but at the same time the people getting ready to retire have known about these risks for up to half their working lives. Or maybe they didn't. Which just goes to prove that stat about spending more time planning vacations than retirements.
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Feb 19, 2016 13:04
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Just say fortnightly for fucks sake.
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Feb 19, 2016 13:34
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Breetai posted:Just say fortnightly for fucks sake. Or stop being lazy and write out "once every two months" and "twice a month".
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Feb 19, 2016 13:38
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Suspicious Lump posted:Your company does not respect women. loving hell man this is bad. Women are covered either way, but men aren't. This means they hate women?
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Feb 19, 2016 14:01
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Craptacular posted:Women are covered either way, but men aren't. This means they hate women? It's paternalistic because it assumes women need insurance, but men are covered because what man depends on his wife for coverage? So maybe not overt hate, but it's likely they are misogynistic in other ways (like the lack of gym showers for ladies). They probably pay men more than women too because men are heads of households and need the extra money.
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Feb 19, 2016 14:34
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Krispy Kareem posted:It's paternalistic because it assumes women need insurance, but men are covered because what man depends on his wife for coverage? I'm guessing that if they changed the rule for women's coverage by making to identical to the rule for men, few women would see this as a win.
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Feb 19, 2016 14:40
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Mocking Bird posted:This is why I have a deferred compensation account alongside my pension contributions I have this as well (work for a municipality). I'm really tempted to ask payroll and/or our plan representative for an anonymized dataset of annual contributions, just so I can see how many people contribute more than $100/biweekly cycle. In my department of about 10 people, there's only one person besides me who does, and they only do about $250. This is an inexpensive place to live and we are paid well! The good news is that our pension is the most solid of the six government pensions in the state, and we are all Social Security eligible, but still: the mind boggles e: Only one person in the office doesn't contribute anything. He is also the oldest and has had the most severe health problems. Big trips to Europe every couple years though! Great job Kev melon cat posted:On average, people spend more time planning their vacation than they spend planning their retirement. Ain't life grand? The thing is, this is probably the same relative time allocation that occurs for financially literate people (at least during the accumulation phase). In between the first year of learning about proper retirement planning (which takes awhile) and the final years of your career (as you start planning a distribution strategy, thinking about estate planning, etc.), the amount of time you should be spending on retirement planning is very minimal. Just keep up contributions and rebalance once or twice a year. But I know the article isn't talking about people who are already on retirement autopilot. 
pig slut lisa fucked around with this message at 14:49 on Feb 19, 2016 |
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Feb 19, 2016 14:46
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https://www.reddit.com/r/personalfinance/comments/46k3tg/i_found_out_i_have_a_six_year_old_son_i_want_to/reddit posted:I found out I have a six year old son. I want to buy a house. I have $0 and my $685 rent is too expensive. Should I buy a house?
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Feb 19, 2016 14:50
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