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Guest2553 posted:dream horses can quickly turn into night mares. this should go in your goddamn qualifile
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Dec 21, 2018 06:38
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Let go. Now what? https://www.reddit.com/r/personalfinance/comments/a85bn0/let_go_now_what/ quote:So. I got let go today. There wasn't enough work for me. I was told to file for unemployment right away, and gave me the name if a staffing agency. Hubby's credit being destroyed by ex-wife https://www.reddit.com/r/personalfinance/comments/a83dlw/hubbys_credit_being_destroyed_by_exwife/ quote:My husband was too depressed and broke to hire a lawyer to assist with the divorce agreement he signed with his ex, and now he's getting screwed. The agreement allowed her to stay in their jointly mortgaged home until his younger child graduated high school, and then she was to sell the house or assume the mortgage. His child graduated, and she was blowing smoke up his rear end that she would try to sell the house, and he gave her the benefit of the doubt at first and tried to play nice so she would comply. Then she stopped paying the mortgage, and his credit started plummeting. SiGmA_X fucked around with this message at 06:50 on Dec 21, 2018 |
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Dec 21, 2018 06:47
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SiGmA_X posted:Let go. Now what? Thus first one is either BWM or just really sad depending on the numbers. Some people just aren't making enough to save.
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Dec 21, 2018 07:47
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RC and Moon Pie posted:It came from a letter to an advice column There aren't enough guillotines in the world.
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Dec 21, 2018 08:56
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 I bet German woman didn't even start a hot dog business Inept posted:In the replies: DO YOU LIKE HUEY LEWIS AND THE NEWS Alan Smithee fucked around with this message at 11:36 on Dec 21, 2018 |
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Dec 21, 2018 11:28
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Alan Smithee posted:
I know it's  , but lol"I gave all my money to some German lady who said she needed money to pay for Christmas presents. Do NOT trust strangers who say they need money for Christmas! Anyway, please give all your money to me, I need money for my Christmas." It's like teaching a man to fish but for scammers.
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Dec 21, 2018 12:07
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Can I Recover From This? (self.personalfinance) submitted 3 hours ago * by feelingkindafucked quote:Myself: 120k+(bonus/stock 15-30k), less 15% 401k and 10% in a stock buy program, benefit premiums
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Dec 21, 2018 14:19
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Friend, you can talk to a banker about anything.
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Dec 21, 2018 14:29
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You know I feel alot better now today. I don't know why but I do. At least I know I can never be that hosed on my finances
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Dec 21, 2018 14:29
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This is a new one that made it through my spam filter:quote:RE: PENDING PAYMENT The Nigerian Prince scam is going meta now.
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Dec 21, 2018 15:20
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God I love taking a big hit of the bad with money thread.
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Dec 21, 2018 15:23
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Motronic posted:
I love the sheer naivety of this statement from the OP. Why yes, please do talk to a banker about getting a loan that looks like a regular mortgage, only without the house as collateral. And report back on how it went. Since he has a mortgage a HELOC might be possible, and god knows plenty of idiots still leverage those to pay the debt that allows them to live the life of their dreams, that's why so many got hosed in 2007-8, but when do people wake up to the fact that getting out of debt starts with not taking on more debt?
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Dec 21, 2018 15:23
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Ixian posted:I love the sheer naivety of this statement from the OP. Why yes, please do talk to a banker about getting a loan that looks like a regular mortgage, only without the house as collateral. And report back on how it went. Ideally never, as their sub-optimal behavior is the secret sauce of my economic fortune in the presence of demographic stagnation, dwindling productivity and a reactionary president hell-bent on stopping immigration.
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Dec 21, 2018 15:29
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How do you rack up that much in CC debt? I don’t understand the decision tree that ends with three near maxed out cards. Especially making half-decent money like this guy. That is just blowing money on an inconceivable scale.
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Dec 21, 2018 16:32
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AndrewP posted:How do you rack up that much in CC debt? I don’t understand the decision tree that ends with three near maxed out cards. Especially making half-decent money like this guy. That is just blowing money on an inconceivable scale.
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Dec 21, 2018 16:35
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Ixian posted:but when do people wake up to the fact that getting out of debt starts with not taking on more debt? BWM: this time will be different
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Dec 21, 2018 16:46
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AndrewP posted:How do you rack up that much in CC debt? I don’t understand the decision tree that ends with three near maxed out cards. Especially making half-decent money like this guy. That is just blowing money on an inconceivable scale. Do I have credit? ---- Yes ---> Spend the credit | No | \/ Whine on the internet
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Dec 21, 2018 17:08
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BMan posted:Do I have credit? ---- Yes ---> Spend the credit "I deserve nice things" *buys a bunch of garbage on credit*
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Dec 21, 2018 17:45
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AndrewP posted:How do you rack up that much in CC debt? I don’t understand the decision tree that ends with three near maxed out cards. Especially making half-decent money like this guy. That is just blowing money on an inconceivable scale. Treating credit as an extension of your bank balance. Justifying expensive toys though self-entitlement. Finally, playing the equivalency game i.e. "I'll always need to have a job, and I'll always have monthly bills, poo poo I have to pay the electric bill every month don't I? Credit related payments are just another bill! Besides I really want that boat/horse/Raptor. Nay, I deserve them. All 3". Combine that with a financial system that has figured out, time and again, how to securitize risk and have it pay huge returns, and we end up in situations where people who have no business taking on any non-collateralized debt at all have $100k credit card balances.
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Dec 21, 2018 18:01
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AndrewP posted:I don’t understand the decision tree that ends with three near maxed out cards. Especially making half-decent money like this guy. I'm more interested in the car buying decision tree which results in a person with no money deciding that their best option is to finance a brand new car for 30k at a high interest rate, instead of buying a used Civic. I have no money -> There's no way I can save $500 a month for a year -> I should finance a car and spend $500 a month for 8 years!
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Dec 21, 2018 19:03
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JFC people are so bad with cars.
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Dec 21, 2018 19:12
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Elysium posted:I'm more interested in the car buying decision tree which results in a person with no money deciding that their best option is to finance a brand new car for 30k at a high interest rate, instead of buying a used Civic. I mean that's just two The credit cards are years of blowing your credit on who knows what, as well as the rest of your paycheck so you can't actually pay your balance. Are they hoarders? Is their basement full of expensive electronics? How do you even do it?
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Dec 21, 2018 19:18
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Elysium posted:I'm more interested in the car buying decision tree which results in a person with no money deciding that their best option is to finance a brand new car for 30k at a high interest rate, instead of buying a used Civic. Just talk with them and it's pretty clear. No long term thinking. You're starting to see it with iPhones/Pixels now as well. "I can afford to pay $500 a month for a car" means they end up paying that for 8 years. With credit cards, they just simply aren't thinking about it at all.
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Dec 21, 2018 19:28
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TraderStav posted:JFC people are so bad with cars. It's really amazing how Americans in particular have gotten it so normalized to spend $30,000+ every several years on a rapidly depreciating and expensive to operate/maintain asset. Furthered by the "monthly payments" mindset and lack of savings/planning in general. Like, I get it, many parts of the US are extremely car-dependent and that plays into the allure/desire. But so many people with no savings are spending near/over their annual salary on new vehicles every few years, usually on awful financing terms, and then wonder why they are always broke. There's so many cheaper ways to have a good/cheap/reliable/fun/interesting car. Guinness fucked around with this message at 19:34 on Dec 21, 2018 |
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Dec 21, 2018 19:31
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Guinness posted:It's really amazing how Americans in particular have gotten it so normalized to spend $30,000+ every several years on a rapidly depreciating and expensive to operate/maintain asset. Furthered by the "monthly payments" mindset and lack of savings/planning in general. I really believe a good portion of it is that Americans are so busy (correctly or perceived, but distinction without a difference) that maintenance and trouble on a vehicle is seen as a gigantic hassle. So they pay a gigantic premium to avoid that awful pain of having to worry about transportation when they need to get service. Since they run themselves around so much, they don't have any downtime built in.
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Dec 21, 2018 19:56
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so GWM that it stretches credibility https://twitter.com/CNBC/status/1076173906455810050
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Dec 21, 2018 20:21
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brugroffil posted:so GWM that it stretches credibility
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Dec 21, 2018 20:26
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the total cash spend is not completely absurd the categorization is probably the funniest part
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Dec 21, 2018 20:31
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Donations is almost definitely some combination of drugs and "miscellaneous" expenses My question is how does he get to $195 (+20 internet) in utilities split between 4 other roommates
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Dec 21, 2018 20:37
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what a weirdly specific situation to make a graph about also what does income have to do with any of it, aside from trying to stir poo poo on Twitter AndrewP fucked around with this message at 20:46 on Dec 21, 2018 |
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Dec 21, 2018 20:42
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well and there's $0 for clothing, anything incidental, out of pocket healthcare like vision or dental etc.
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Dec 21, 2018 20:42
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brugroffil posted:well and there's $0 for clothing, anything incidental, out of pocket healthcare like vision or dental etc. $5,558 unaccounted for in taxes, health insurance premiums, savings, retirement savings, and then all of the other stuff you mentioned.
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Dec 21, 2018 20:44
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TraderStav posted:$5,558 unaccounted for in taxes, health insurance premiums, savings, retirement savings, and then all of the other stuff you mentioned. well I think the idea is that what's shown is what he's actually spending every month, everything else on his net pay after taxes is going to savings if you click through to the article, he's someone who has his own tutoring business making $100k tutoring undergrad Ivy students on grad school admissions tests e: health insurance is listed though, $270/month
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Dec 21, 2018 20:53
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brugroffil posted:well I think the idea is that what's shown is what he's actually spending every month, everything else on his net pay after taxes is going to savings The point that brugoffil and I are making though that those are his minimum payments per month, not his 'True Expenses' (in YNAB parlance) which are the ones that occur infrequently but should be accounted for. He may spend $1200 on clothes a year, but in two visits but it's not reflected there. Article says he buys the occasional video game, nothing there. Just that it's not a very truthful or helpful chart when you don't account for at least MORE of the true expenses. Dude is likely very GWM, so not taking that away from him, just the article, chart, and CNBC as a whole suck.
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Dec 21, 2018 21:06
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Motronic posted:Can I Recover From This? (self.personalfinance) How the gently caress are they spending $400-$500 a month on utilities, and another $300-$400 a month on loving gasoline? That's, like, a loving car payment in just gas. Alan Smithee posted:I bet German woman didn't even start a hot dog business
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Dec 21, 2018 21:19
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brugroffil posted:so GWM that it stretches credibility No student loans, just like the average 25 year old who paid them off in the first couple of years post-graduation.
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Dec 21, 2018 22:02
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Thanatosian posted:How the gently caress are they spending $400-$500 a month on utilities, and another $300-$400 a month on loving gasoline? It's easy. You buy a huge house that is far, far away from your job. That way, you have a huge, cheap house that you are never in because you are always commuting. And because you are always commuting, you need a nice car, which uses a lot of gas.
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Dec 21, 2018 22:25
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19 o'clock posted:No student loans, just like the average 25 year old who paid them off in the first couple of years post-graduation. I mean the tweet says that they're excellent with money, not average with money. If they went to a state school and got that six figgie job right out of college then they could've paid them down in 2-3 years. It's much likelier that their parents paid for their tuition but it's not impossible.
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Dec 21, 2018 22:57
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What I don't understand is why that's supposed to be newsworthy at all - if I'm making $100k/year, splitting the cost of an apartment four ways or w/e, and have no debt whatsoever it's pretty easy to save a shitton of money. (Also in this situation I never buy clothes or spend money on entertainment or hobbies apparently, just give to charity)
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Dec 21, 2018 23:07
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Power of Pecota posted:What I don't understand is why that's supposed to be newsworthy at all - if I'm making $100k/year, splitting the cost of an apartment four ways or w/e, and have no debt whatsoever it's pretty easy to save a shitton of money. (Also in this situation I never buy clothes or spend money on entertainment or hobbies apparently, just give to charity) It's for hate clicks
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Dec 21, 2018 23:16
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