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Haven't they moved on to selling video phones? You know, that option pretty much every computer and smartphone has had for a few years that nobody uses because 
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Jul 7, 2013 15:06
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canyoneer posted:Bonus dickhead story: The wife had a miscarriage. He smugly said at a family dinner at her parents' house shortly afterwards, "Well, it's not MY fault. I did MY job No jury would convict her, goddamn. I think it's an example of someone being good with money, but terrible at living.
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Jul 15, 2013 16:35
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I'd also be interested in a financial abuse thread, even if I expect it's going to be  as all poo poo.Leroy Diplowski posted:Maybe a new thread about raising kids to be smart with money or money and psychology or something. The psychology of money would definitely be an interesting subject, it's obviously a source of anxiety and a mean of escape for a lot of people - "Retail therapy" and all that - but for it to be worthwhile it'd have to be well researched and founded in fact.
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Jul 15, 2013 22:17
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_areaman posted:For the latest example, he decided he hated paying the fee to park at the airport, and he didn't want to pay for a taxi. So he got in his beater Corolla, drove a mile away from the airport, parked on the shoulder, and put a FOR SALE sign on his car. Then he walked the mile to the airport entrance. He left his real number because he was curious about the response, and he wound up getting calls all week. I guess he saved $150 but he risked getting his car towed. The car was fine when he came back. I was hoping this story would end with your uncle selling the car to someone at the airport before his flight. Still a pretty cool thing to do, if you get away with it.
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Jul 15, 2013 22:22
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We had economics in high school, and we covered financial literacy (That and labor law, and a smattering of micro and macro economics). I haven't kept in touch with a representative sample of my classmates, so I don't know how effective it was. I don't remember a whole lot of it, just the part where they explained when you should use a line of credit, a term sale and a plain old credit card. (The credit card was "Never, unless you can pay it off by the next month", I can't recall the other two exactly.) The most important part of the curriculum was the part that covered labor law, in my opinion, but then most of my classmates had lovely McJobs so "You can't be forced to work off the clock" and "Unions aren't actually evil" was some pretty relevant stuff.
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Jul 26, 2013 01:05
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All the gambling talk is bringing back memories. I worked in a bingo hall for a while after high school. We had some nice retiree who'd come in maybe three times a week, drop $15-25 on some cards and have a good time with their friends. They were nice. There was a crowd of middle aged couples who'd be there almost every night who'd drop $60-$75 each. There was the check day crowd; they'd usually be gone less than a week after unless they won. It's too depressing to think about. Then you has the bingo pros. They'd show up early, spend upward of $200 each a night, and demanded only the best of service. The couple I'm thinking of ran a daycare if I recall correctly. They were blowing I'd guess $1500 a week just on bingo cards, not to count those rip-apart tickets, additional cards and what have you. (Then one day the cashier turned down their $100 bill, the police got called and they never came back.) I know nothing else of their finances, but that's a lot of money to spend on bingo. It was just the most depressing job ever. (We paid out about $36 per player on a slowish night, total of $5500 a night in prize spread over maybe 20 prizes. The biggest was $1000, there were a lot of $50. The place went under a year after I left.) FrozenVent fucked around with this message at 04:36 on Jul 28, 2013 |
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Jul 28, 2013 04:34
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Zhentar posted:If you read the whole thing, she did. But they re-married. It's truly incredible. Most of that $1.2 million was incurred less than 6 months after meeting her (mostly from buying a $1 mil house with $500 down). quote:Applicant met his ex-wife in the fall of 2005. The two decided to marry shortly thereafter. In January 2006, Applicant, who was earning $70,000 annually, agreed to purchase a home for his wife-to-be. With only a $500 down payment, he purchased a $1,000,000 home, knowing he could not afford it. His fiancée, who earned between $120,000 and $240,000 annually as a loan officer, convinced Applicant they could afford the house together. Applicant’s fiancée was unable to qualify for the mortgage loan. Just before the wedding, Applicant bought her a $64,000 luxury sports utility vehicle (SUV). The couple married in a small ceremony on February 2006 and took a $28,000 honeymoon to Bora Bora. Applicant paid for the trip using a credit card. Soon after the wedding, Applicant’s wife lost her job. Applicant depleted his savings and retirement accounts to pay his financial obligations. Soon, he began using credit cards to pay the household bills.  Holy poo poo. Move over, zaurg; you've been outclassed.Edit: quote:Applicant filed for Chapter 7 bankruptcy protection in March 2006, claiming over $1,000,000 in secured debt and $119,000 in unsecured debt. The secured debt included the home Applicant purchased as well as three vehicles: his wife’s SUV, a Mercedes he had purchased for his mother, and a car that he co-signed for his wife’s daughter. Can you imagine the fireworks if r/MRA were to find this? 
FrozenVent fucked around with this message at 16:54 on Jul 31, 2013 |
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Jul 31, 2013 16:50
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G-Mach posted:That truly was one of the greatest threads to ever grace E/N. I think it was in E/N anyways. It was a disaster that you just couldn't not watch. zaurg was an homegrown BFC treasure. Probably the most visited threads in BFC ever, too. I kind of wonder how things ended up sometimes. FrozenVent fucked around with this message at 04:47 on Feb 20, 2016 |
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Aug 18, 2013 00:16
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INTJ Mastermind posted:Admittedly I have no clue as to your family situation. But if mom is struggling financially, why not go live with dad? Less mouths to feed for her and possibly the ability to move to a smaller place and save rent money. If there's child support, there's likely a custody order or agreement in place.
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Aug 18, 2013 18:06
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drat Bananas posted:I just saw someone post this on another forum: They also don't mention how long they'll be paying for the car.
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Aug 20, 2013 16:52
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Zhentar posted:I don't get what people are so afraid of. I've had my credit card # stolen probably three or four times, and it's never been more than a minor inconvenience. You aren't liable for the fraudulent transactions... I had a co-worker who argued that you should have multiple cards with a smaller limits, so that if one got stolen you wouldn't be liable for the whole amount. Apparently he had one stolen had some point and was on the hook for 10k?  This was also the guy that argued you shouldn't use RSRPs, that you were much better off playing the slots since the slots had a better rate of return, somehow. He did seem to consistently win at the casino... But then he was always at the fricking casino, so he must also have lost a shitload of money. His budget for when he was on vacation was $300 a day or something. (In his defense, we had no expenses when we were working, except for fixed stuff like rent and phone. On the other hand, we had roughly 150 (unpaid) days off a year. Gotta love the merchant marine.) He was also one of those guys that'd avoid working overtime because too much OT would make your net income go down because of taxes. One of the best seamen I've ever sailed with, but drat did we not get along well at all.
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Aug 21, 2013 16:04
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TLG James posted:Why did you spend 10k on a wedding? That's actually not too bad as far as weddings go  I have two friends getting married next month, and they average to about 15k each. They are not rich people by any meaning of the word. Pretty sure one spent as much on her dress as she spent on her car.
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Aug 23, 2013 02:42
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I don't want to get into it on here and it's nothing compared to some of the stories you can find online, but let's just say your entire wedding wouldn't pay for a "decent" wedding dress. Apparently spending 1/3 to 1/2 of the couple's combined gross income on the wedding and honeymoon, while talking about buying a house and having kids, is entirely normal. I don't get it because I'm a guy and single I guess? But seriously, if you're going to take out a personal loan...
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Aug 23, 2013 04:21
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Konstantin posted:How do you spend $1,700 on a phone? The most expensive iPhone Apple sells is $850. $1700 guitar, the price for the phone is unspecified.
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Aug 28, 2013 04:08
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100 HOGS AGREE posted:It's because driving through the car wash is hella fun, duh. This is true, if you go to the car wash for any other reason, your are obviously a soulless shell of a person who hopes washing the dirt of your car will somehow clean off the filth that haunts your dreams.
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Sep 5, 2013 14:07
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Acquilae posted:The dealership we bought our SUV from does free car washes so see if yours offers that. The dealership where my brother bought his car offered 15 free car washes with the extended warranty. The $7000, 7 year warranty. On a Mazda 2. Thankfully managed to convince him not to take the warranty, because the financial director or whatever was sure doing his best to sell those loving washes.
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Sep 5, 2013 19:03
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razz posted:Speaking of stupid "memberships" my school has a big food court in the student union and you can get a fountain drink there for like two bucks. The union sells these bigass cups that are $299 per year (yes two hundred and ninety-nine dollars PER YEAR) and you can get unlimited soda at the union if you have one. I just...who does that? Who thinks that's a good deal? Who buys that much soda? Seeing the school advertise that drives me crazy! There are probably people for whom this would be a good deal. Two sodas a day, 150 sodas to make your money back... 75 days of school is what, three months or so? Of course, I don't want to think about the number of calories that is
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Sep 6, 2013 02:36
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Rent can only go so low, and lower income households (students especially) will spend a greater percentage of their income on fixed expenses, such as rent. I suppose places with high real estate costs would also skew the average, but really we're getting away from the subject. A friend went to a Primerica presentation who was shocked to learn that banks loan out money at a higher interest rate than the rate they give saving accounts. She has a management degree. She did at least a semester of Econ. Found out today she also had a third party warranty on her car.
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Sep 13, 2013 22:40
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johnny sack posted:I can never understand the whole winning lottery/inheritance and then blowing it all immediately. There was a tv show that focused on lottery winners who did that. These people are rarely wealthy prior to the influx of money, and then they blow it all. You'd think that being relatively poor to begin, you would be even more careful of how you spend all that money. Poor people are poor because they spend all they have*; rich people stay rich because they spend less than they have. The two behaviors are not compatible. *Making abstraction here of socio-economic issues and LF stuff.
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Sep 27, 2013 16:08
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THE RED MENACE posted:Most college grads are dumb as heck about finance as well. Seriously. I think I mentioned earlier my friend who got dragged to a Primerica presentation and started spouting their bullshit.  At 1%, it'll take 72 years for your money to double! Why the gently caress would you place long term investments at 1%? ... ... Well yeah you don't, that's why you want a primerica mutual fund, which the banks don't want you to know about because... You know banks offer mutual funds too, right?Seriously. College grad, 70K + a year, did not know the difference between an RSRP and a mutual fund. Far as she was concerned the two were one and the same.
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Sep 27, 2013 17:22
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There are places those fears are entirely justified; if someone doesn't feel comfortable walking trough a neighborhood I don't think $300 a year would be too high a price to pay for peace of mind. Heck I wish I could find parking this cheap near work, the cheapest I've seen was about $200 A MONTH, and that's if we rolled it into the lease for the office space. Taking the bus saves me about $350 a month. Of course that means my BRAND loving NEW (a year ago) car sits in the driveway rusting but hey... It's me, I'm the one who's bad with money. Brand new Camry, financed at 1.9% with 10k down a year ago, put a whopping 3000 KM on it so far. My dumb rear end should bought a used Yaris or something.
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Oct 1, 2013 22:50
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Why do people lease cars? Seriously? There just doesn't seem to be any positives to it. (I get that it can make senses for companies with a fleet of vehicles, I just don't understand individuals doing it)
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Oct 2, 2013 01:16
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You have control over that. At least you think you do. Plus there are areas where you're more likely to get mugged than get in a crash. Thankfully I don't live anywhere near them.
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Oct 2, 2013 01:55
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Folly posted:Oh, and FrozenVent, please do seriously consider selling the car. I just realized that you're probably also required to fully insure that car as it sits in your driveway. If you got a cheap enough car, you could drop your insurance back to liability only. That's probably worth a few hundred bucks each year. You'll have to run the numbers, but it eyeballs close enough to make it worthwhile to run them. You'd just have to be willing to face the emotional nard-stomp from making payments on a car you no longer own. I'm pretty much right side up on it, I owe about 18k or so on the thing, and obviously it's low mileage. I'm seeing a lot of the same model going for 18k or so at 40k kilometers. I wouldn't save much on insurance; right now I'm paying 800 or so a year for comprehensive and liability, my 2002 Malibu was ~300 a year for liability only. (Before you ask, I signed the Malibu over for the cost of the tow. I'd still be driving it otherwise.) Buying the drat thing was a mistake (Just started a new job, didn't have a car, grossly overestimated my car needs) but not a life-altering one. Factoring in repairs and taxes I'd probably come out just better than even selling it and getting a used subcompact. I'll definitely crunch the numbers though.
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Oct 2, 2013 02:49
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tiananman posted:If it makes you feel any better, I know a pilot who works for a small airline, and he makes $30k a year. Being a pilot doesn't guarantee good wages. He loves it because he gets to travel a lot, but it's not necessarily the path to riches. The air industry is a huge heartbreaker for a lot of people. A friend of a friend gave up a promising career and spent untold thousands to become an helicopter pilot... Then realized he'd basically have to work for free for a few years to get his hours in. Went back to his previous career, with debts and a useless license.
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Oct 2, 2013 16:37
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I am OK posted:The same drugs are cheaper in other countries. They're also cheaper when sold within the US for veterinary purposes, I've heard.
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Oct 14, 2013 23:14
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So this showed up on my twitter: http://www.howtosavemoney.ca/why-you-may-not-need-an-emergency-fund quote:Having an emergency fund is all well and good, but it is a terrible use of money because for it to qualify as an emergency fund the money usually has to sit in bank account somewhere earning negligible interest that is taxable. Putting that money to use paying down debt, like your mortgage, or investing it will get you much further ahead. Ok, that's an interesting position, but what if there is, indeed, an emergency? quote:Any one of the things I am about to suggest on its own would not be enough to replace an emergency fund because they aren’t fool proof like cash in a bank account. However, my hypothesis is that combining a bunch of these backup plans together can essentially replace an emergency fund if you’re willing to accept a small amount of extra risk. This is not good advice goddamn.
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Oct 17, 2013 18:57
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cstine posted:Yes, skipping payments on your mortgage then putting everything else on the credit card is a FANTASTIC plan. It's never gone poorly for anyone, ever. Liquidating RRSPs is also a terrible, terrible, terrible thing to do. The penalties are harsh as gently caress. TFSAs... Heh, I have my emergency fund in a TFSA saving account; it's not the best use of the thing but I wasn't using all of the contribution room anyway. I'm also impressed by "Sell your stuff". Because my old pants are a pretty liquid saving vehicle.
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Oct 17, 2013 19:17
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The Berzerker posted:This is a really small one, but it just happened five minutes ago: Heh, it's a charity thing. If it was just so they could wear jeans, yeah, that's a dumb thing to do, but if you can afford to give to charity... Why the hell not?
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Oct 17, 2013 19:44
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How do you live for three years without a salary coming in? Wouldn't she be bouncing checks all over the place?
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Oct 18, 2013 14:25
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tuyop posted:Tell me stories of losing my whole family to a hurricane in the North Atlantic. Hurricane shows up, boat gets dismasted, you try to cut off the stays and go overboard, wife tries to save you and goes in the drink. You die of hypothermia quickly; your kids survive a few days. The Atlantic always win.
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Nov 6, 2013 03:56
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You guys pay for water?  (Also cheapest power rates in North America what up  )If it's not faked, the people on extreme cheapskate are legit mentally ill, to the same level as the people on Hoarders. I'm not a big fan of mocking the disabled so that show kind of irks me.
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Nov 6, 2013 21:42
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Wait you can get a mortgage on a timeshare?
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Nov 9, 2013 02:47
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Eulogistics posted:I'd like to comment on the whole economics thing going on right now, but I only have an armchair understanding of how it works and no formal education. Is this an adult conversation I should keep my opinion out of, or more of a free discussion? You're in the finance subforum of an internet comedy forum with a weird obsession with disgusting hot dogs and a man stretching his anus to epic proportions. Taking these facts into account, I'd say you don't need a Master of Science in Economics and International Relations to take part in the most serious of discussions we have around here.
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Nov 22, 2013 19:05
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tuyop posted:Slow Motion alt found. Have you read that thread? No way that guy has any kind of retirement plan. Or a suitcase full of cash he hasn't spent on ballin'
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Nov 25, 2013 20:29
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DrAlexanderTobacco posted:Hell, even a couple of months ago would have been a good idea. If you honestly believe that, you should check out the bitcoin thread. There's a guy going around whose friend did exactly that, bought bitcoins a few years back. Now he's got a few hundred thousand dollars worth. He can't get money for them. You can't withdraw to a Canadian account from any of the exchanges, and most in-person buyers are shady as heck, including a guy who showed up with a plastic bag full of Amazon gift cards. You could have made a fortune investing in Beanie Babies at the right time, still doesn't mean they're a good idea. Edit: Yeah, great investment idea.  FrozenVent fucked around with this message at 16:31 on Nov 27, 2013 |
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Nov 27, 2013 15:07
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Small White Dragon posted:What is an RSRP? RRSP - Registered Retirement Savings Plan. I mistyped.
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Nov 30, 2013 20:45
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razz posted:All the help and money in the world won't get people like them out of poverty. That's what makes it depressing.
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Dec 2, 2013 18:49
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Orange_Lazarus posted:I believe most people are who they are because of chance, I mean no one chooses their genetics, who their parents are or anything else really that makes a person what they are. So yeah when you get down to it it is probably wrong to make fun of people for their bad decisions and how they turned out. While this is true of many things - education level, economic class and so forth - on a micro level, I doubt that there is a strong case to be made on the upbringing determinism that compels one to wear a fedora.
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Dec 5, 2013 15:40
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Spermy Smurf posted:I was fixing a computer at a car dealership yesterday and heard a guy talking about how it would probably take 3 weeks to get his money for the car he wanted. There's a goon with his own BFC thread who uses his 401k to pay off his credit cards and finance his monthly expenses exceeding his monthly income. And he works in finance. People are absolutely terrible with money, it's amazing.
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Dec 8, 2013 19:43
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