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GWM/BWM depending on which side of the register you are on: Pottery Barn Outlet leaves the retail barcode on their rugs as well as the outlet barcode. They both happily ring up as I found out today. They also stock a lot of overstock at 0% discount all with the same "All Sales Final" return policy. This is the same stuff you can get in the retail store with things like free home delivery, a quality guarantee, and a return policy. (Rug rang up as $849 instead of $289.)
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Jan 9, 2017 00:37
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Haha that's an outrageous scam for them to be trying to pull, but this is already a company who sells Chinese flat-pack at a 400% mark-up, so I don't know what you'd expect. Honestly, we just bought some new furniture and since we couldn't do Ikea this go round went with Zinus off Amazon - loving incredible. Don't know how these small "discount" furniture places stay in business, honestly.
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Jan 9, 2017 01:18
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The Wall Street Journal had an article about how the recent stock boom was mostly accrued by the top 10% of earners and lots of people missed out. One of the people they profiled was a 48-year Logistics Coordinator for a Shipping Company. He makes 60k a year and has worked at the company for 13 years. His company matches 401k up to 6% of salary. He has contributed $0 over his career because "he has concerns about losing his money if he ever left his job." He also has no IRA, his company does not offer a pension, but he has his retirement savings in $28k worth of CDs and hopes to collect social security early. 
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Jan 9, 2017 01:26
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Empress Brosephine posted:I don't even know how that is possible if you want to own some kind of reliable car. A lot of rig pigs get their first paycheque, then go straight to the Ford dealership to buy their lifted F150. And even though many of them were earning good money, their level of spending went up along with it.
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Jan 9, 2017 02:36
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Money laundering is BWMquote:
I especially like the bold part where the boss also has them wire their own money too so it doesn't look quite as suspicious.
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Jan 9, 2017 02:40
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Zero One posted:Money laundering is BWM Weed shops have a hard time finding banks that will do business with them. There just isn't enough benefit to justify the risk of accepting their deposits except maybe for small credit unions. So he could have been laundering legally obtained store revenue. Possibly.
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Jan 9, 2017 02:52
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Huh everything points to this being a bad idea, but I'm just going to keep doing it
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Jan 9, 2017 02:53
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It's still illegal even if the money is "legal"
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Jan 9, 2017 02:54
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Zero One posted:It's still illegal even if the money is "legal" Actually, the DOJ under Obama released a bunch of banking regulations to allow legal dispensaries to bank. It takes some effort, but this guy's boss could definitely do it if they are in CO or WA. If they are doing business with a bank or CU in a single state, then it is even easier. Depositing and wiring the money in that amount and that many times is going to set off a million red flags at a bank though. It is just below the mandatory 10k disclosure level and telling the banker that it was from a business, even a totally legal business, is going to scream tax evasion. He's lucky the money wasn't going to a foreign bank or the IRS and Secret Service would be all over his rear end. His boss is either really small time and really dumb or doing something illegally / under the radar that would be given up if he submitted docs to the banks and DOJ for approval. This would be super dumb and illegal if they sold bread, but the adding in the awkwardness of federal drug laws makes this super duper dumb.
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Jan 9, 2017 03:15
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Structuring (avoiding the scrunity for transactions above 10K in value by sending smaller amounts) is definitely illegal.
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Jan 9, 2017 03:21
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Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap?
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Jan 9, 2017 03:58
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Empress Brosephine posted:Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap? If you're a single/couple, it may not be worth it or too much of a hassle.
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Jan 9, 2017 04:44
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Leon Trotsky 2012 posted:he has his retirement savings in $28k worth of CDs You should put a warning tag up if you're going to post stuff as horrible as that. Empress Brosephine posted:Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap? I drink plenty of wine and can vouch for the CostCo alcohol prices being good. Their overall prices range from competitive to cheap in my experience, but it's not like you're missing out on big savings if you shop sensibly elsewhere. It seems best for big families with a chest freezer in the garage.
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Jan 9, 2017 04:53
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I think CostCo ends up being a net money sink for us but it's a lot of fun so who cares?
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Jan 9, 2017 04:55
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Empress Brosephine posted:Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap? Costco is like Netflix or HBO Go, you should be using a friend or family member to get in without paying for the membership yourself.
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Jan 9, 2017 05:41
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Empress Brosephine posted:Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap? I can't speak for other membership chains, but I am a happy Costco member. In my opinion, and as someone who spends far too much money at Costco, the membership wouldn't be worth it for a single person looking to save money. Where Costco really finds its value in my mind is in a combination of quantity, quality, and to a lesser extent "perks". Most things I buy at Costco I could find for cheaper or for about the same price by shopping sales, and it would be in more convenient (smaller) packages. Some of the items that are a genuinely great price are sold in such large quantities that a single person is going to have a hard time finishing it before it goes bad. Another thing that can be nice at Costco is getting name brand or "higher quality" products for the same price you get the store brand products at a grocery store. For example, if there's not a sale, you might be able to pick up Kraft Mac n Cheese for the same price as the Kroger brand. Also, because Costco doesn't have a big selection, what they do stock tends to be good quality, which is nice if you're not familiar with a product category. The flip side of that is if you are familiar with the products, they just don't have the selection to get exactly what you want. Then there's the perks: $1.50 hot dog lunch, $5 rotisserie chicken, discounted movie tickets, car buying service, discounted travel. The value of these is directly related to how much you use them. For me, most of them aren't really worth the trouble, and a little looking will get you similar deals elsewhere. They are nice to have available, though. For most people on a tight budget, I don't think the benefits outweigh the membership cost. It can end up feeling like an obligation to get your money's worth. To me it feels like it's more about the convenience than the money savings. If you can piggy back on your parent's membership or you go in with a friend to split the costs it might make more sense, but probably not worth the money otherwise.
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Jan 9, 2017 05:55
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GWM: Having a wife who works for Citibank and getting a free year's membership as a perk for them winning the Costco credit card contract.
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Jan 9, 2017 05:59
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Powerlurker posted:Costco credit card contract. Nice alliteration.
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Jan 9, 2017 06:00
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Leon Trotsky 2012 posted:His company matches 401k up to 6% of salary. He has contributed $0 over his career because "he has concerns about losing his money if he ever left his job." Wait, what? When you put money into a 401k, that's still your money. Like you earned it, the company gave it to you. It was listed on your paycheck, just as a deduction. Why would he think that he'd lose money if he ever left his job? I know the bare minimum about how 401k accounts work (My employer matches up to 5 percent of my salary, I make sure I put in 16k or whatever the cap is per year, I occasionally check it to see how much money it has), and I know that rolling over a 401k account is a thing. If/when I leave my current job, I'll probably figure out how to do that. Why would this guy think he might possibly lose his money if he quits?
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Jan 9, 2017 06:25
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He might be bad with money
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Jan 9, 2017 06:30
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melon cat posted:Why force a home inspection and inject some sense of sanity into the Canadian housing market when 50% of the country's GDP "growth" comes from real estate? This is what happens when your HOA is run by people who think it is more important to have low fees than to have money in the bank. HOA fees suck but in a condo building with hundreds of units you need a couple million on the bank to avoid insane special assessments like that.
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Jan 9, 2017 06:37
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Coca Koala posted:Wait, what? When you put money into a 401k, that's still your money. Like you earned it, the company gave it to you. It was listed on your paycheck, just as a deduction. This is how my moms new husband feels about 401ks. "I don't trust em, the government could take that money at any time." His retirement is flipping homes, he and my mom made $50k in the last 12 months buying, doing poo poo upgrades, and reselling three homes in the southwest suburbs of Dallas. I told him that flipping is for jerks and probably why I'll never own a home in Dallas.
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Jan 9, 2017 06:51
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Tomfoolery posted:How to buy a Lamborghini without being a millionaire: This makes my lotus look downright practical.
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Jan 9, 2017 07:13
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edit: way beaten
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Jan 9, 2017 07:22
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Empress Brosephine posted:I don't even know how that is possible if you want to own some kind of reliable car. Right. I've never lived somewhere a car was totally necessary. Of course, the downside to living in a place with good public transit is that my 300 square foot basement apartment costs $1,500/month.
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Jan 9, 2017 11:41
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https://www.reddit.com/r/personalfinance/comments/5mtova/im_dying_in_a_few_months_i_have_a_1200000_life/quote:Also, I'm 32 and she is 33 and I want to ensure she is taken care of as best as possible w/ a finance safety net for life (I know 1.2 millino isn't a lot for 40 years); is there a way I can put 50% in a mutual fund that she can only collect dividends from and 50% in a 20 year annuity or something?Welcoming all advice related. Also why he is gonna die apparently quote:cirrhosis + liver failure; pretty much hand in hand. i crossed the point of no return after continuing to drink 20+ shots a day after the docs told me I had to stop drinking that day or die.... Maybe this is fake, but this is a definite BWM / BWL story. Jack2142 fucked around with this message at 13:11 on Jan 9, 2017 |
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Jan 9, 2017 13:08
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C.H.O.M.E posted:This makes my lotus look downright practical. This is how I justify driving a Cayman: "It could have been so much worse."
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Jan 9, 2017 13:11
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Empress Brosephine posted:Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap? Costco is worth it just for the pricing you get on car rentals while traveling.
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Jan 9, 2017 14:08
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Residency Evil posted:This is how I justify driving a Cayman: "It could have been so much worse." Sup, fellow semi-regrettable-but-ultimately-justifiable luxury car buddy?
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Jan 9, 2017 14:37
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Depending on your local Costco, booze is fantastically cheap. Like 20 shots a day cheap. A 1.75 liter bottle of very good Kirkland vodka goes for about $14. If you like fancier beverages, I've noticed name brand bourbon's and whiskey's for about 15 to 20% less at Costco. But yeah, unless you're an alcoholic or have a large family to feed it might not be worth it. There are other services like their pharmacy, vision center, car buying program, and the sad person who is always standing forlorn by the roofing, travel, garage doors, and AC booths on your way out. If you're planning on a big ticket electronics purchase, you'd probably do well buying an one-year Costco membership just for the extended warranty on their TV's and their incredible return policy. Duckman2008 posted:Costco is worth it just for the pricing you get on car rentals while traveling. BWM story from last night. A good friend's parents in South Dakota are having medical issues. She is trying to get there and of course is delayed and misses her connecting flight. Decides to drive from Minneapolis St. Paul to Sioux Falls. First car rental quote? $1700 for 5 days. She managed to find something for a far more reasonable $500 to $600, but gently caress Hertz. gently caress it a lot. Krispy Wafer fucked around with this message at 14:55 on Jan 9, 2017 |
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Jan 9, 2017 14:52
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Duckman2008 posted:Costco is worth it just for the pricing you get on car rentals while traveling. THANK YOU FOR THISS!!! I have to rent a car next week and had a reservation with Enterprise for $171. I looked inot costco's price and its $118. So for the price of my existing reservation I could get the car AND a costco membership. Sold!!! Does that make me GWM? 
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Jan 9, 2017 14:57
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Edit: ^^Yes. Also, giant delicious $5 rotisserie chickens rule. Fuzzy Mammal posted:Lol dude come on. I live in Seattle and have worked at Google for about ten years Just out of idle curiosity, do you know what the highest paid programming/IT niches are right now? Empress Brosephine posted:im moving and into a "first apartment" i guess and going thorugh trying to budget and oh boy how do people manage to live without earnign $20/hr I got into minimalism. And now that I can afford our consumerist culture, I don't want it anymore! Materialism is a con. Accretionist fucked around with this message at 15:40 on Jan 9, 2017 |
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Jan 9, 2017 15:00
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You can usually get gas from Costco stations for $.10-.15/gal less than other stations as well, at least that's the normal spread I've seen here in Michigan. Takes a whole year maybe but I usually get my memberships value just from that.
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Jan 9, 2017 15:46
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Empress Brosephine posted:THANK YOU FOR THISS!!! Yes, it does, also: the less money you have the more you need to keep track of it. Do you have a budget? Make a budget. Also I laugh at all of you unwilling to call yourselves rich. I consider myself fabulously wealthy on less than 40k a year gross in filthy Canadian toy money because I can lavishly supply all my physical needs, afford the ridiculous expense of owning and pampering a domestic animal, save for my old age, and attend classes at a no-poo poo real university that will someday blossom into an actual business degree. Like I am basking in prosperity and good fortune, I recommend thinking of yourself as rich if you can at all because it's a pretty good feeling.
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Jan 9, 2017 15:54
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Zero One posted:Money laundering is BWM Empress Brosephine posted:Do you guys reccomend getting a membership to something like BJ's or Costco if you're being tight with money just to get those extra savings or is it just better to go to the supermarket if it's still relatively cheap? If you are not counting every dime on your budget though, it is good value for more mid-range stuff and especially if you are buying things like snacks or frozen foods. If you're a single person it's a little awkward because while you can just buy 100 rolls of toilet paper and be done for the year, you probably aren't going to burn through wholesale quantities of other stuff very easily and it might not work out. Also you really need to have transport to make best use of it, so that you can actually get all the things in bulk. When we were scraping by we looked at both Costco and BJs and ended up just going with Stop and Shop/Market Basket/Star Market sales and specials. Now we are doing better and have two kids, we hit Costco regularly for a number of staples and kid products. If you know someone who has a Costco membership, they can actually get you a gift card for it that allows you to go in and buy stuff without having to have your own membership, as long as you are using the card. It's a good way to check it out if you can't necessarily go with that person.
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Jan 9, 2017 16:02
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Tiny Deer posted:Yes, it does, also: the less money you have the more you need to keep track of it. Do you have a budget? Make a budget. Yeah but then someone might think that means you live in an ivory tower without having to work or worry about what to do if you have a minor illness because *~*connotations*~* Ashcans posted:This is great, especially the part where some forgiving teller specifically warned him it was a problem and he just kept doing it until he got nabbed. Apparently didn't think he needed to check in with his boss about that warning or anything. He did, he just thought the person who was telling him to launder money was a good person to ask if he should launder money. BonerGhost fucked around with this message at 16:06 on Jan 9, 2017 |
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Jan 9, 2017 16:04
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Costco has been worth it for us just because of bulk toilet paper, paper towels, and the occasional big ticket electronics. It's definitely not the best option for the tightest penny pinching, but if you're anywhere above that the increase in convenience is greater than the smaller difference in price. Also they treat their employees well, which is a plus.
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Jan 9, 2017 16:10
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Yeah I figure it'd be good atleast for the household items or stuff that we absolutely will eat (do they have nuts?) Didn't know about the gas, and the membership paid for itself already with the car rental. The worst part is it's 20 miles away compared ot the Wal-Marts 15 but oh well.
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Jan 9, 2017 16:14
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If you have dogs, their frontline and heartgard are cheaper as well. Their dog food is great too.
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Jan 9, 2017 16:19
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Some of you need some serious perspective checking if you don't think your life isn't a constant stream of excess and indulgence based on the numbers you're throwing around. I'm not even knocking you for it (we all want a cushy life after all) but cmon guys your privelege and lack of exposure is blatant. That or you forgot how to be smart about your money along the way (lifestyle creep, etc). Don't get weird about it either, it is what it is. People I grew up with envy my income and it's nowhere near six figures, tons of people getting by with a sliver of what you spend or "need". KingSlime fucked around with this message at 16:36 on Jan 9, 2017 |
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Jan 9, 2017 16:31
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