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Krispy Kareem posted:Doesn't gift giving kind of qualify as a game? Yes, it's an inefficient system, but you're also seeing how good of a gifter you are and judging the other person's reaction. And probably even "beating" them when their gift to you falls short of expectations. Maybe that moves to the needle a smidgen towards efficiency. So you're working out and getting buff so you are strong to do what? "Getting women" as if they are objects to do what? gently caress them and forget about it? Some life. "Getting women" improves your social status amongst those who hi-five people for being "playa"s. Who gives a drat about being more social amongst those vapid wastes of food and employment? Video games are a great way to have fun, and enjoy things that are availible to you in life. Not only this, but the making of a game is an art form - by playing through, say, an RPG, you are treated to a grand story that is just overwhelmingly more fufilling than going out, loving some chick, hi-fiving yourself and calling it a night.
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Dec 26, 2016 16:49
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BraveUlysses posted:My retired MiL wants to get a part time job despite the fact she and my FiL have government pensions and social security they are collecting, she refuses to cut her spending to match their income. At least she's willing to work to increase their income instead of just running up debt. It could be worse.
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Dec 26, 2016 16:55
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Puppy Galaxy posted:So you're working out and getting buff so you are strong to do what? Did you mean to respond to some other post 
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Dec 26, 2016 16:57
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Puppy Galaxy posted:So you're working out and getting buff so you are strong to do what? Someone call 911, Puppy Galaxy is having a stroke.
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Dec 26, 2016 16:57
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BraveUlysses posted:Insists on drinking 1 or 2 three dollar ice teas from Starbucks every day. Should probably imprison her for her own sake.
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Dec 26, 2016 17:05
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Pretty sure it's an old (hilarious) quote Also yeah, the MIL working a part time job isn't horrible if she wants to work, some people go stir crazy if they can't keep busy. Like my grandma, who retired, then immediately got a part time job so she could still buy presents for the grandkids. When she was finally too sick to work she spent all her time and money shopping because it was the only thing to occupy her, leading her to near destitution until my mom took over her finances 
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Dec 26, 2016 17:05
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pig slut lisa posted:Did you mean to respond to some other post Classic old old forums copy pasta
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Dec 26, 2016 17:07
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BraveUlysses posted:My retired MiL wants to get a part time job despite the fact she and my FiL have government pensions and social security they are collecting, she refuses to cut her spending to match their income. If mortgages are still like 3% in my old age I will take one to my grave
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Dec 26, 2016 17:09
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Sundae posted:I'm amazed that Americans only spend 785 bucks, honestly. My family and in-laws go nuts at Christmas.
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Dec 26, 2016 17:18
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NancyPants posted:They probably will. I flew a helicopter a few weeks ago and despite having to cut it short so we could land for me to barf on the tarmac, I'm considering pursuing a pilot's license which is VBWM. It was great. It's super BWM but super fun to do. You'll also get a pilot's license to keep in your wallet to show off in the end, in addition to your now government sanctioned ability to slip the surly bonds of Earth. If you can afford it, go for it.
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Dec 26, 2016 17:40
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BAE OF PIGS posted:$500 she won at a bar on some 1 dollar per roll dice game. I stopped in to a local dive bar recently and the guy next to me had four $100 bills on the bar. I was wondering how a person could drink up that much liquor until the bartender took one, dropped a big pile of pull tabs in front of him, then helped him open them. They ran out, she took another of his $100 bills, same thing again. I could read the back of the pull tab bin while the bartender was messing with it. It had a breakdown of how many winners of which amounts were in each box, and stated a guaranteed profit of $2000 to the bar. I got depressed and left as soon as I finished my wings. I used to think Keno was the world's most boring game, but no. Pull tabs.
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Dec 26, 2016 18:09
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MrKatharsis posted:I used to think Keno was the world's most boring game, but no. Pull tabs.
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Dec 26, 2016 18:11
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MrKatharsis posted:I stopped in to a local dive bar recently and the guy next to me had four $100 bills on the bar. I was wondering how a person could drink up that much liquor until the bartender took one, dropped a big pile of pull tabs in front of him, then helped him open them. They ran out, she took another of his $100 bills, same thing again. You're not wrong that pull tabs have horrible odds to the player, but the "guaranteed profit" you reference is only if the player buys every remaining ticket in the bowl. I ran pull tabs for twelve years at the two bowling alleys I worked at, and yeah, the house ends up ahead pretty much all the time, but it doesn't stop people from playing, same as any casino game.
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Dec 26, 2016 18:12
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Pull tabs are also the messiest goddamn form of gambling. Holiday gift for my goddaughter: I'm starting her a registered education saving plan. Her parents aren't good with money so they haven't started her one, and I hate leaving all that free government match money on the table. ...and probably a little toy because two year olds don't really enjoy financial statements.
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Dec 26, 2016 19:03
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Wait what government match money?
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Dec 26, 2016 20:18
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Rurutia posted:Wait what government match money? Education Savings Grant/Canada Learning Bond http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/cesp-pcee/menu-eng.html
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Dec 26, 2016 21:01
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taqueso posted:I got so bummed when I found out about pull tabs. :/ I had never heard of them and the wikipedia article is super proud of the fact that "No other finite-probability based game provides more information to players about the status of the game." "See, we give everyone a very clear picture of exactly how they're gonna get hosed by statistics!"
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Dec 26, 2016 21:20
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Bhodi posted:Wait, what? What country are you from? To me, spending $700 on average is crazy (for an average middle class household income of ~50k) That's my point. It's crazy, but I'm surprised that it's only that much, given how insane my relatives spend at Christmas. Spending that much is insane, but I'm cynical enough that it's less than I expected.
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Dec 26, 2016 23:33
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ate all the Oreos posted:I had never heard of them and the wikipedia article is super proud of the fact that "No other finite-probability based game provides more information to players about the status of the game." I hadn't heard of them either until now. It's depressing how many lovely ways there are to flush away money.
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Dec 26, 2016 23:57
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Sundae posted:That's my point. It's crazy, but I'm surprised that it's only that much, given how insane my relatives spend at Christmas. I just fell into/above this category of holiday spending because I bought my mom a set of snow tires. I'm a bad person. (super exciting xmas present I know, but it's actually something she was super excited about and wanted) (I paid cash......I think that makes all of this okay)
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Dec 26, 2016 23:59
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Bet that was a pain to wrap
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Dec 27, 2016 00:21
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Less Fat Luke posted:Bet that was a pain to wrap Ohhhh...good point. I went more for a card with "go to x garage (near you), they have the tires (that I ordered from tire rack and pre arranged) and will put them on whenever you have time".
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Dec 27, 2016 01:23
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Saw this post on reddit, it's a great BWM summary of another redditor: https://www.reddit.com/r/personalfinance/comments/5kdlj5/where_to_get_started_so_i_can_retire_at_55_years/dbnjzgy/ quote:The dude bought a 66,690 mileage GT-R R35 for 55k with a "30 year 12% fixed rate mortgage on it. But in all honesty it's a 75 month finance with 48 month total power train warranty."
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Dec 27, 2016 01:49
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The BLS is out with its annual household saving statistics. The takeaway: America is BWM. - 39% of American households spend more than their after-tax income. (If you exclude all retirement contributions and distributions, it looks ever so slightly better at 37%) - Less than 8% of American Households save more than 20% of their after-tax income. - The median amount saved per year (this figure DOES NOT include the 39% of households with negative saving rates) is $912. - The average annual contribution rate to retirement accounts is 4.5% (this does not include any households that don't contribute at all) - The average value of a individual aged 55-64's retirement portfolio (this only includes portfolios with at least 10k in them) in 2016 was $104k. - 31% (!!!) of people say that the value of their retirement accounts decreased between 2006 and 2016. Semi-Caveats / Maybe GWM Notes: - Large luxury expenses are not driving the problem. The problem is that most people have mortgage and car payments that exceed 50% of their after-tax income - Student loan debt is also driving part of it; which is not an inherently BWM situation. - These huge mortgages will look slightly better in statistics in 30 years when they are paid off if the next generation doesn't do the same thing. - Average personal credit card debt is actually slightly down. - Personal incomes are up, but people on the bottom half of the income spread are barely back to where they were in 2007. Leon Trotsky 2012 fucked around with this message at 04:07 on Dec 27, 2016 |
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Dec 27, 2016 03:50
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I am in Nashville on vacation, this whole town is BWM it has to be some record of payday loans per capita here. Liquor and gambling billboards. It is really depressing.
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Dec 27, 2016 04:53
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Foma posted:I am in Nashville on vacation, this whole town is BWM it has to be some record of payday loans per capita here. Liquor and gambling billboards. It is really depressing. Nashville was really cheap to live in (I once was splitting a $550 monthly rent), but I've heard it's gone up in cost of living as a victim of attracting a bunch of people to move in. Nashville is also a really cool place to be, so boo to you. It is a weird mix though, there are both a lot of successful people, yet they have a fairly large homeless problem for a city that size.
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Dec 27, 2016 05:10
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I'm not sure if this goes in the Bad With Money thread or the Schaenfreude Thread, so I'll just put it in both. It might have been posted back in April, but I didn't see it in the few pages I checked! It turns out that the obnoxiously spoiled Rich Kids of Instagram are doing their part to expose their parents' wealth to discovery by courts, tax agencies, and con artists. Of course, lying on social media is at least as common as the truth, so sometimes these stories end in admissions that the jewelry is fake, only the bills on top are real, and the boat is a rental. Renting the boat is probably the only GWM part of trying to fake a lifestyle you can't afford.
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Dec 27, 2016 05:39
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Yond Cassius posted:Schaenfreude Thread There's a Schaenfreude thread?
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Dec 27, 2016 06:52
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oRenj9 posted:There's a Schaenfreude thread? https://forums.somethingawful.com/showthread.php?threadid=3747078
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Dec 27, 2016 06:58
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BAE OF PIGS posted:Sort of on topic. I was talking with my dad about insurance the other day, and he was telling me about some kind of health savings plan he had through his job for a really long time. If the employee put money into the account, the company would double the amount to put into the account up to $160 per month. So if the employee put $40 in, the company would put $80 in. If the employee put in $80, the company would put in $160, but if the employee put $200 in, the company still only put $160 in. He made sure to always get the max company match in that plan. He just retired at 62 and can't get medicare yet so he's getting his insurance through COBRA. Turns out he has like $25000 in that health plan saved up and he's just been using that to pay his premiums every month. My current company will contribute some amount of money ($50/month or $50/paycheck, I forget) to the HSA if you get the HDCP insurance plan. Not as good as your dad's though. That's a pretty brilliant idea on his part.
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Dec 27, 2016 07:49
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Don't HSA's lose all their money at the end of the year or is that FSA's
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Dec 27, 2016 15:23
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ate all the Oreos posted:Don't HSA's lose all their money at the end of the year or is that FSA's That's FSAs - although you can roll over $500 at the end of the year. HSAs just sit there until you use them
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Dec 27, 2016 15:31
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Ashcans posted:That's FSAs - although you can roll over $500 at the end of the year. HSAs just sit there until you use them Oh I didn't realize you could roll over $500, I probably would have made use of one if I had known that but I wasn't sure I could empty the account by the end of the year 
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Dec 27, 2016 15:33
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At least at the companies I've worked at, all of them have some sort of employer matching so that people can make up the high deductible cost.
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Dec 27, 2016 17:26
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https://www.reddit.com/r/personalfinance/comments/5kkyya/later_30s_75k_in_savings_account_collecting_dust/ posted:I’m in my late 30’s and have never really been good with investing/retirement savings. I had a 401k previously, but when I was laid off about 7 years ago, I went ahead and (stupidly) just took the money out and tossed it into my savings (after losing a bunch to taxes of course). At the time I was thinking it was wise as I wanted to start up my own business and figured I was using it to “invest in myself”, but at the end of the day I never ended up needing it. He managed to nail the 2009 low when liquidating his 401k, and is just now looking to reinvest it.
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Dec 27, 2016 18:55
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I'm trying to decide snowball vs avalanche. For snowball I would focus on two 0% APR lines of credit that total up to $~7k and have a combined monthly payment of $700 (that's the payment needed to have them paid off before the 0% promo rate ends). For avalanche I would focus on a 13% loan I took to consolidate some credit card debt last year which is around $~8k with a minimum payment of $400. I'm BWM for having this debt and because I know it's better to avalanche but I'm probably going to snowball.
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Dec 27, 2016 19:06
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captkirk posted:I'm trying to decide snowball vs avalanche. For snowball I would focus on two 0% APR lines of credit that total up to $~7k and have a combined monthly payment of $700 (that's the payment needed to have them paid off before the 0% promo rate ends). For avalanche I would focus on a 13% loan I took to consolidate some credit card debt last year which is around $~8k with a minimum payment of $400. I'm BWM for having this debt and because I know it's better to avalanche but I'm probably going to snowball. Look at total cost. What rate do those 0% cards become (and back charge to original date?) when it expires. If it becomes 25% back to the original charge then it is hilariously BWM to let the promo period expire. You should guarantee that those are paid off, whichever is going to cost more if it "defaults" first.
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Dec 27, 2016 19:14
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I don't know if this belongs here, but I think so. How can I retire by 55? quote:
So he lives at home, barely saves any money, has a car worth 60% of his gross pay... So basically "use mommy and daddy's income to subsidize my lifestyle and hobby"
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Dec 27, 2016 19:19
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captkirk posted:I'm trying to decide snowball vs avalanche. For snowball I would focus on two 0% APR lines of credit that total up to $~7k and have a combined monthly payment of $700 (that's the payment needed to have them paid off before the 0% promo rate ends). For avalanche I would focus on a 13% loan I took to consolidate some credit card debt last year which is around $~8k with a minimum payment of $400. I'm BWM for having this debt and because I know it's better to avalanche but I'm probably going to snowball. It might make sense to pay the minimum on the 0% card until the last month or two, and then do a full balance transfer onto a new or existing credit card to avoid the giant interest charge that will occur if it's not 100% paid off.
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Dec 27, 2016 19:22
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Spermy Smurf posted:I don't know if this belongs here, but I think so. Stop buying cars. No.
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Dec 27, 2016 19:25
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