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A friend of mine is BWM. Lots of money owed for student loans, a credit-consolidation loan, then another credit card. He only pays the minimums on each. He refuses to budget, always claims he has no money, and still habitually spends money on random junk. Even with his current little-hours part-time job, he still managed to blow $150 on a (fairly nice, admittedly) tower PC. A good deal, but bad with money. Given that the credit cards and loans are over six years old now, I wonder how much has been paid just for the interest.
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Nov 21, 2015 04:15
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Iron Lung posted:How people can think Uber is GWM as an income source is beyond me. People are very, very bad at thinking about long-term consequences, and a lot of Uber's long-term effects only come after you've been doing it a while -- increased maintenance costs, wear and tear, excessive mileage. Not to mention that being on the road so much also means you're a good deal more likely to get into an accident, and with the awkward and confusing insurance coverage around Uber, you can rapidly find yourself completely up poo poo creek.
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Dec 16, 2015 16:47
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There are some government-run animal shelters out there, but a lot of them are going to be privately owned. I'm BWM because I can't figure my taxes out. I tried the IRS calculator before and it said I would owe something like $900 at the end of the year, now it says -$150. This is why I just say gently caress it and put in a 0 for exemptions on the W4 and pray it works out at the end of the year. Meanwhile a friend of mine opts to have a fairly large amount withheld from every paycheck, so they often get several thousand dollars back at the end of the year. I can't understand why you would give the government a 0% loan for that long, but I guess it feels rewarding getting the huge return? It'd be nice if the tax system was a little less complicated.
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Dec 18, 2015 22:43
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Dik Hz posted:Giving the government a 0% loan isn't nearly as bad when the return on a savings account is 0.1%. That's true, but there are things other than a savings account it could go to, like paying down debt, or emergencies/other unexpected expenses.
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Dec 18, 2015 23:05
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You can pick your own numbers for them, I thought, so pre-printing would be pretty bad... Not to mention that you'd somehow have to separate the "paid for" and "not paid for" tickets in case one of them ends up a winner. It's probably hyperbole, unless he managed to burn through half of their printer's ticket paper. My state doesn't participate in the lottery, so it's always "interesting" hearing about how many people will drive miles to the borders to purchase tickets. Reports of 30-minute lines (or more) abound. I just don't get it. Even with the EV over 100% the chances of coming away with anything are still almost nil, and if you remove the huge jackpot the EV is around 15% if not even less. You'd have better results throwing your money in a Megabucks slot and hoping for a win.
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Jan 13, 2016 00:55
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Eyes Only posted:The EV will never be over 100% no matter how big the jackpot gets, even before you factor in income tax. The naive EV has, at least. In theory after factoring in tax, with a large enough jackpot even the "real" EV could breach 100%; since the cost of buying every possible number is $600M, you would just have to wait until the jackpot went over double that (plus extra to cover the taxes). Maybe somewhere around $3,000M? This ignores the event of sharing the jackpot, of course.
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Jan 13, 2016 02:18
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JayKay posted:I've been knocked on my rear end because of the flu so I've had the time to go through that GTAT thread. Page 499 is where trading on GTAT is halted and 501 is where the bankruptcy announcement comes out. quote:
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Jan 19, 2016 19:48
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Rick Rickshaw posted:
Rick Rickshaw posted:Including back-rent from January, and February's rent, AND the Vape I advanced him so he could smoke in his room without having his window open, he'll owe me $1759 when he gets back. A large portion of the cost of his trip, no doubt. Rick Rickshaw posted:I sent the child some money. $200 is what he asked for. The BWM is coming from inside the thread 
Zamujasa fucked around with this message at 21:12 on Jan 27, 2016 |
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Jan 27, 2016 20:33
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Bad With Money, As It Happens
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Not a Children posted:In which a young upstart, with over $25k of debt, with a career in the oh-so-stable Houston Oil and Gas market, wishes to leverage himself as much as possible on a home purchase: At least every single person there is telling them what a horribly stupid idea this is. 
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Feb 3, 2016 01:21
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Speaking of car chat... Why would anybody agree to this 
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Jun 14, 2016 00:03
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We interrupt this derail for a short BWM story: Roommate: My car needs $460 in repairs. Me:  Roommate: Can you cover it for me? If I pay for it I will have less than $200 in the bank. Me:  I can trust it will be paid back within a month (he has steady income and is contributing towards rent), but I'm not a goddamn bank.
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Oct 22, 2016 01:23
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Suspicious Lump posted:Or you could say "Sure man, but I can't keep doing this. You understand right." Yeah this is happening. I'm very slowly trying to coach him into not being BWM. H110Hawk posted:Or what normal people do, put it on a credit card to give yourself 30+ days of float. He ran up a bunch of credit over 8 years ago and is still paying it down, so he's avoiding using them for anything else.
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Oct 22, 2016 07:07
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Haifisch posted:spend less on candles.jpg Just for shits and giggles I threw this all into a basic spreadsheet, assuming two at-hospital meals a week:  I even assumed parking wasn't possible to cut out by, say, walking. And it doesn't even include the "other" expenses they mentioned.
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Oct 27, 2016 02:40
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Since we're on BWM cars, a friend I know bought a new car (a Chevy Volt, I think?) and somehow has an interest rate of like 17% on it.  I worked out the math and he's going to end up paying a ton more than the purchase price on it (and that's before you factor in depreciation). I ended up buying a cheap beater car earlier this year for $3.5k and it's needed about $1.5k in various repairs so far, with potentially more coming soon. 
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Dec 21, 2016 18:37
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The post got deleted now, so hopefully that idiot learned their lesson and won't raid their child's inherita-- oh who am I kidding. 
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Jan 25, 2017 22:03
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Hyrax Attack! posted:Browsing Washington State Bar Association disbarment records, most are for accepting settlements and not telling your client. But some are fascinating. Take this attorney, who had been practicing for 21 years: Sucks for him! 
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Feb 10, 2017 00:38
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Pryor on Fire posted:That's Dan Ryckert he's a video game journalist. For more context he is quite well known for his love of Taco Bell, he regularly gets dragged to the best Mexican food available in California and NY and says very nice things about the experience but maintains Taco Bell is far superior to anything else he's tried. That's not too far out there, some people just like familiarity over quali-- quote:He's averaged more than one meal a day there for like 20 years I think?
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Feb 16, 2017 17:04
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big trivia FAIL posted:I don't answer unknown numbers and apparently a $50 charge from my final bill from AT&T when I cancelled a year ago has gone to collections because I never got it because I moved, even though I changed my address on their website and filed a change of address with the post office! Also when you cancel the account, it unlinks from your profile so you can't see/pay your bill when you log in, so I had no idea I owed them anything! Whoops! This happened with the internet provider when I moved. It was the second time I'd done so, and I did the same thing I did before; here's the new address, come set everything up, switch the account over. I always paid the bill when it hit my inbox (I don't use autopay), but it wasn't showing up and I didn't think much of it since I was so busy. Two months later I started getting automated phone calls saying "Please log into (provider dot com) for important account information". Nothing else. Logging in didn't show any news, a bill of $0, etc... Turns out that they didn't actually move my account properly, so I had new service set up outside of my actual account, that wasn't sending any physical or email bills, and was 3 months late.  I had to go to a physical store and complain until they took off the late fees and set it up properly.
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Feb 17, 2017 22:48
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https://www.reddit.com/r/personalfinance/comments/5v7q6b/being_sued_for_the_first_time_for_credit_card_debt/quote:Being sued for the first time for Credit Card Debt 
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Feb 21, 2017 02:13
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Speaking of rentals and legality, it's time for another episode of It Came From Reddit!quote:[MN] Ex-Roommate is suing me over a cancelled check for his security deposit (self.legaladvice) The comments are rightfully telling OP what a dumb idiot he is: quote:Wow, so that's not how ANY of this works. You completely screwed the pooch here.
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Mar 11, 2017 06:38
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this loving derailKingSlime posted:what a terrible derail Zenni is cool and good. I made a BWM decision years ago where I paid for expensive brand-name frameless glasses at the suggestion of my optometrist. About a year and a half later, one of the arms broke off. I went back to the optometrist and they said repairs would basically be 75% of the cost of the glasses in the first place. I went on Zenni and got another frameless pair that ended up lasting 3 years, for about 10% of the price. Buying glasses at the same time you get your Rx is BWM.
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May 1, 2017 20:28
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