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ntd posted:I'm amazed at how many people don't understand the tax brackets...I have heard many intelligent people be relieved that their raise didn't push them into a higher bracket, thinking they clear more at the lower salary Well, there's always the AMT...
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Jul 13, 2013 15:02
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HelloIAmYourHeart posted:I had a coworker like this. I don't think she had a bank account and would cash her checks by taking them to WalMart and getting them put on a prepaid Visa card (I can only imagine the bullshit fees involved in this). She would drive to the cell phone store to pay her bill in cash and use money orders for all her utilities. She would also do stuff like put her mother's cable TV under her name because her mother didn't have enough money for the first month. Why didn't you just loan her some drat money??? She's probably coming out ahead being unbanked if the alternative is paying overdraft fees.
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Aug 21, 2013 17:29
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cowofwar posted:With a conservative 3% return on your capital and a 0.99% interest rate on the loan you are pocketing the 2% difference which, on a $30,000 car, would be more than the $1500 cash back. I agree with avoiding simplistic statements lionizing or demonizing credit, but risk aversion doesn't seem to factor into your rubric. 3% return may be conservative in a historical perspective, but 5-year returns almost across the board were negative (some in double digits) just a few years back. For many folks, guaranteed 0.99% return is worthwhile. E: My former neighbors would loudly complain about their money issues and how they had to liquidate their 401k, all while amassing hoarder-levels of junk and multiple cars. The wife lost her job and was too good for entry-level work, so she spent all day calling into radio shows and trying to win stuff (that they had to pay taxes on). Engineer Lenk fucked around with this message at 11:16 on Aug 27, 2013 |
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Aug 27, 2013 11:06
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I am OK posted:Drugs have mark-ups of like 50,000%. Over the cost of manufacture, or including R&D expenses? It takes upwards of 5 years to go from the lab through the clinic and get approved for public consumption, and even then maybe 1 in 10 drugs (that all looked promising) actually make it through. So there's a considerable front-end you're paying for. There may be some price-gouging on top of it, but the costs are heavily front-loaded, few drugs are blockbusters, and comparing to generics is pretty unfair.
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Oct 14, 2013 16:26
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Wickerman posted:Actually, I think the divorce process would grant the husband half of those assets because he can show that he has paid into them. However, he'd probably get blasted by alimony if she can get it. At least they don't have a kid yet. I thought you had to be married for a reasonably substantial amount of time for alimony - it's only been a year.
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Jan 18, 2014 18:10
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I'm betting the marshmallow test administered at age 5 would be a better predictor of credit card debt at age 40 than any amount of financial literacy education.
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Apr 15, 2014 19:10
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Not a Children posted:Ugh. I bought a new Camry fresh out of college (2012), and after reading all this I'm feeling like a financial idiot. I figure I'll drive it into the ground and just get a beater when it dies in a decade or so... My 99 Camry is still going strong and I expect I could get another 5-10 years out of it, so if you plan on running it into the ground you may be waiting until 2030.
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May 29, 2014 16:19
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Jastiger posted:WHAT DO I DO? Spend $20 on games, keep $10 in your wallet and save the rest for a date night with your wife.
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Jun 13, 2014 00:01
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Anne Whateley posted:You're still blowing $80 for a few hours. That's still the hosed-up mindset. Investing in the relationship with his wife is cheaper than divorce, and he's actually budgeting for it in advance.
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Jun 13, 2014 00:46
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Renegret posted:My first car was a '97 Geo Prism that was used as a grocery wagon for some old lady once a week. Had <50k miles on it. Paid $2k My wife still drives her '97 Prism that she got new as a teenager. 200k+ miles and still going strong. We've been discussing replacement options since it hit 150k, but decided to ride it out until something expensive breaks.
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Aug 11, 2014 21:30
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Nocheez posted:If you like your Prizm, look into a Matrix/Vibe. Same basic design, but better laid out and lots of interior space! The letters all fell off like 6 years ago. Current plan is to replace with a Forester - the Prizm has caused a number of road hikes to trailheads because of limited clearance. E: In the bad-with-money front, I'm shelling out for an MRI on my dog to pinpoint his gait disturbance. Engineer Lenk fucked around with this message at 21:48 on Aug 11, 2014 |
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Aug 11, 2014 21:46
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Ebola Roulette posted:"Verbal agreement" On the flip side, if he didn't pay anything into the down payment and he's living in the house for less than comparable rent, why should he care? He has the capability to walk away from the house without an obligation to it, and he doesn't have to pony up for poo poo when it breaks. Sounds like a de-facto rental agreement to me, and charging renters only a fraction of the mortgage is usually a sweetheart deal for the renter.
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Aug 13, 2014 22:21
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Jastiger posted:What I don't get is the ~Luxury Pickup~. I saw a Lincoln Pick up the other weekend. I mean, sure it looked nice, but why would you get a pick up truck that you wouldn't' ever want to get dirty or scuff up? Isn't that paying tons of money for a super nice interior that is just really small? Towing - boat or horse trailer. Not all pick-ups are work trucks.
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Aug 19, 2014 06:12
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mobby_6kl posted:^^^ Work travel on rewards card. Free money if you get reimbursed before the statement due date, pretty high ROI (1-3%, depending on card) if you have to float the cost for a little while. Just don't do it if there's any doubt about your company's ability to reimburse. Bad with money: putting work travel on a card that you carry a balance on. Engineer Lenk fucked around with this message at 18:55 on Aug 29, 2014 |
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Aug 29, 2014 18:52
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HonorableTB posted:Normally they are very good about not meddling in our finances, and I think this is a case of "We did you a favor by loaning the money, you should do our daughter a favor and cut her some financial slack" especially since by loaning us/me the money, they put themselves behind on their own goals for remodeling a house and some other things they had been trying to do. I really don't have a problem with paying more than my half of the expenses, because I do understand that when my girlfriend gets a job, I will be making almost 2.5x what she makes, and that it would be unfair to expect her to go broke every payday to pay her half. I feel she should have the opportunity to save money in a savings account herself, or whatever the case may be. I don't tell her how to manage her money and she doesn't either tell me how to manage mine either, but I will be firm on one thing: if I'm footing the bill for everything by myself, I and I alone will decide how money should be spent when it comes to spending on things that are non-essential. What's that dear? You want to go get $200 in art supplies? Sorry, not in the budget. Try again next month There's enough weird control issues all around with this situation that it'd make more sense for her to live with her parents and you to get your own place until she has a job and can be slightly financially independent.
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Dec 3, 2014 20:09
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Cockmaster posted:That reminds me of a Mr. Money Mustache article: Really depends on your relationship. My wife and I do something kind of like this (but with a dollar value of >$100). No is usually more a 'can we wait on that for a couple of months to fit it in the budget' type of situation or reminding each other of stuff we already have.
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Dec 7, 2014 04:16
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Trilineatus posted:I did not win the eyebrow genetics lottery It's basically a style difference between folks who have separate discretionary funds and those who don't. We don't - it's a holdover from the days when we were on a shoestring budget living off of a single graduate student stipend and every discretionary purchase was a tradeoff that affected both of us.
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Dec 7, 2014 07:50
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Probably a bad example.
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silvergoose posted:The insane cost is because it's an Ivy, yeah. Brown University, it's like Harvard but people outside the US haven't heard of it! It's named after a guy named Brown, obviously. He was an abolitionist! And it's the butt of jokes for being a second-tier ivy missing a standout niche - kind of like Dartmouth.
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Dec 8, 2014 16:54
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Easychair Bootson posted:Of course there are differences in markets and individual circumstances. I'm not saying that renting cannot make sense I think of renting as akin to buying group health insurance rather than self-insuring. As a group, you will end up bearing out the average costs, and the landlords will tend to profit. However, you don't risk going bankrupt in a shithole, and depending on location you have more rights as a tenant to livable conditions, which homeowners have no guarantee of.
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Dec 10, 2014 05:06
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HonorableTB posted:My neighborhood (Capitol Hill) is just full of late 20s-early 30s Indian engineers working at Amazon How far the gayborhood has come.
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Dec 12, 2014 19:57
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BEHOLD: MY CAPE posted:Unless you want to enter a career where degree prestige potentially matters a lot to your long-term career prospects, like law, finance, consulting, academics, etc. Yeah, but the bachelor's doesn't matter as much for careers that need a graduate degree. Save your money for the prestige degree that matters.
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Feb 6, 2015 07:37
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Tigntink posted:There's a bunch of winerys so that's nice. It's too long of a commute to downtown imo. 522 is a nice bus though. If you can telecommute it's doable. The houses are nearly as expensive as Seattle though so I don't see a big benefit unless you want a mcmansion. I technically have a Woodinville address but am in Snohomish County - cheaper taxes and the neighborhood is mostly ramblers on plats of 0.75 acres and up. Kind of the anti-Mcmansion neighborhood, rural-lite.
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Mar 20, 2015 14:21
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Mocking Bird posted:This amuses me. That's a sharp SO and their partner should be ashamed for trying to use a non-married partner to build equal equity in something only they own. In most areas, half the mortgage is under market rent. But this person sounds like they'd try and make the non-owner pay for half of any maintenance/repairs that come up, which kinda defeats the point of renting.
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Jul 1, 2016 17:42
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