GoGoGadgetChris posted:

DarkHorse posted:

You get experience preparing, cutting, and cooking ingredients, everything is pre-measured so you can't screw that up, and you get to try lots of different flavors without worry what you're doing to do with this big jar of spice that you hate.

https://www.reddit.com/r/personalfinance/comments/6c5hg4/refinancing_a_car_bought_at_carmax/ posted:

I bought a car for my wife last year in June, mostly out of need. Unfortunately just recently buying a house we didnt have much downpayment money so we went with Carmax. The principal balance is still about $15k. We round up from $360/mo to $400/$450. And our APR is 12.95%.
Unfortunately our debt to income is fairly high. Does anyone think it'd be a good idea to try and secure refinance through another lender? Possibly Chase since we have history there?

https://www.reddit.com/r/personalfinance/comments/6a72ej/gf_lost_job_and_cant_pay_for_car_lease_what_to_do/ posted:

Recently my GF quit her job without having another one lined up, and did so with very little saved. We've been trying to cut back on expenses as much as possible but she still has a car lease (~400/month, 2 years left and currently underwater) and car insurance (130/month) that is holding her back. She also has about 20k in federal student loans on IBR right now which her monthly payments are currently zero. She lost her ACA health insurance and also has a financed phone and phone bill, ~80/month. She's just about to run out of money and tensions are at an all time high. Despite this, we both have a lot of credit available.
I can't help but feel a tremendous amount of resentment towards her right now. She's basically been doing everything I've cautioned her not to do finance wise, and now it seems it's come back to bite her and she's dug a tremendously deep hole. I have about 4k in an emergency fund, but I have a low paying job and I'm very cautious about using it because I don't know if I may need to make use of it in the near future too.
Do you guys have any advice for our situation? We're considering posting the car to a lease takeover site as well as craigslist. Having her car voluntarily repossessed is an absolute last resort.
Thanks in advance, I really appreciate any input you may have.

quote:

Julian had just finished his PhD in education and was teaching part-time at Humber; I was an editor for the Food Network’s website and preparing to go on maternity leave.
...
Our budget was $560,000

DarkHorse posted:

I got accepted to MIT but they didn't immediately offer me any scholarships, so I decided to go to a state university for my engineering degree. I eventually graduated with more money than I started with. GWM, BWL?

quote:

To make this short, I am 2 years out of college for construction management degree. I am currently working with a very large popular GC that is well known and trusted in this field, but it is just an internship.
I have about 20k in student loans, with COL to graduate including tuition is 40k, about 7k covered in scholarships.
I drive a very old very crappy truck that with a few hundred in repairs could last until I graduated.
I was planning on using money that I work for to pay for housing and things for the semesters in school. I will have to take out more loans no matter what, but I am not too worried as I am in a promising career field.
Now, upon graduation (or sooner) I WILL need a new nicer truck. Yes it has to be a truck and has to be nice and newer due to a lot of traveling.
Now, I can wait until I graduate, and take out an auto loan for 8-9% interest, due to my lack of credit history. Doing this, I would not only be bombarded with a new truck payment + insurance ( I don't pay now but will when I graduate ) and I will also have to start repaying student loans.
Or I could take out extra student loans now, at a lower interest rate. Use my money from working to save and pay for a truck payment, with some down money put on it and start paying the truck off now, that way it is halfway paid off when I graduate and I saved insurance money. And take out extra student loans for "housing"

the talent deficit posted:

people leading miserable lives make poor romantic and spending decisions and abuse drugs. nobody knew!

quote:

My dad ran a succesful business and sold it when he was 40. The past few years he's been investing his money in a brokers account, mainly because he wanted his money to make himself money, and because he enjoyed following the markets and reading about markets.
However as of now he has invested around € 220.000 in original value and has - as of today - a value of € 155.000 remaining. I thought he was doing fine because he told me he sold stocks that were making him a profit and kept the ones that were doing bad, but almost his whole investment portfolio is in the red. I've attached a picture so that you can see what he is holding.
I would really love some advice here because it hurts me to see the money he worked so hard for disappearing. He doesn't really seem super stressed right now (he has a couple of RE properties and a private bank investment) which is nice I guess.
http://i.imgur.com/GuzVsYd.png
Columns (from left to right): Equity - amount of stocks - current price of stock - Current value ( price x amount) - buy-in price - buy-in value (price x amount) - net gains - procentual gains

canyoneer posted:

Don't you dare call yourself an engineer when filing a complaint to the city unless you have a license to practice math. $500 fine in Beaverton, OR
https://www.nytimes.com/2017/04/30/business/traffic-light-fine.html

Ixian posted:

Meanwhile, in BWM news...

Article on underwater car loans:

https://jalopnik.com/a-record-32-percent-of-car-buyers-are-underwater-on-the-1789425396

Edmunds did a study where they found almost 1/3 of all vehicles offered for trade in 2016 were underwater. The average amount underwater was over 5k.

I knew it was bad, and we've seen plenty of anecdotal stories here, but I didn't realize how incredibly hosed it was. A third?! That many people are churning cars and piling on debt? It's an easy math problem to show why it's bad, so I can only imagine that greed/keeping up with the Jones's mentality is driving this. Or just plain vanilla stupid. Seems like a staggering house of cards being built.

quote:

Having said that, someone at my work just financed a new Dodge Caravan... over 96 months.

It’s absolutely stupid.

But since the deal was done, I didn’t bother saying anything.

quote:

I bought a 2015 SUV.
I have had the car for about 1 year. The price tag was 26,000. I owe about 22,00 now. The payments are set at 72 months. I make 33,000/yr
I put about 25k-30,000 miles on the car a year. It is currently at about 60,000.
Buy the time I pay off the car, should I expect a heavy financial burden regarding repairs? Would it be more wise to sell the car and buy something closing to $8k-$10,000 and have it paid off before I hit 150k-200k miles?
Thank you.

quote:

My 12 year old cat was diagnosed with cancer, a localized case of ocular lymphoma. Between the surgery to remove the tumor, the radiation therapy, and all the tests, it cost over $5000 and there's no guarantee the cancer won't return or she'll have a longer life. I barely make enough to live, i have other debts, and this would be a burden on me.
I got a carecredit card to pay for it and I don't make much so i'll be paying this off for years.

Dillbag posted:

Wasn't sure whether to post this in this thread or the schadenfreude thread...

https://twitter.com/StockTwits/status/877621142734778368

NancyPants posted:

What can you do to lose your license from a car accident? Uninsured, DUI/DWI? He now needs an SR22 so he did something.

Sounds like her family is crazy people.

quote:

So my wife and I purchased a Nissan from one of our local dealerships. At that time we did not know what we got ourselves into. The car was purchased in August of 2015. Long story short this car was a piece of poo poo from day one. Transmission crapped out after just 30k miles, but this is not my gripe today. And yes, we tried to get it replaced by the dealer - they did nothing.
In 2016 January we had a financial and personal crisis that led us to leave to my wifes home country for a couple of months. That being said, the car with one gear working was driven across 4 states to JFK New York... We parked at the terminal and checked into our flight. We called the bank that we paid payments on and told them that we voluntarily surrender the vehicle, told them the location and said our goodbyes.
However, a month later we received a call from that same bank saying we owe them money and we are couple months behind. We then again told them we have called and told the representative we are surrendering the vehicle and they are welcome to repo it. We asked them twice if the conversation is being recorded, they said 'Yes" and gave a reason why. ( we wanted that to be recorded ). Again, we gave them directions WHERE the car is located for them to get it.
It is now summer of 2017, we haven't heard from the bank if the car was auctioned, how much do we still owe on it. Nothing. Until today.
NYPD send us a letter stating they have OUR abandoned car and we are welcome to drive up there and pay the fine to get it. Prove the ownership. All that good stuff.
So what we do not understand is.. how do we get a letter from the auto crime unit stating they have the vehicle, when the bank took it and put repossession on our credit? There is a repossession on the credit report and lots of places we tried to use our credit have told us that. We can't get another vehicle until we fix our credit which we know and we made the choices for it. We realize we could have handled it differently. Not getting into personal details we would like to know what are our next steps?
We want to get a lawyer but we do not know where to start. What kind of lawyer? Where do we go with this? Do we even need one? Do we call that very bank and tell them where the car is AGAIN?
Halp!

quote:

So almost a year ago, I left my 64k a year job to work for a start-up, I withdrew my 50k 401k (after taxes and fees) and loaned it to the business owner with the assumption that it would be paid back by Christmas plus he would cover taxes and penalties for withdrawing, and I would be making nearly double what I was making. That has completely fallen through, the owner proved to be a deceptive snake oil salesman, and while he is paying back the loan, it is over a much longer period, and I am no longer working for him, and suing him is not an option. I am charging him interest, but my immediate situation is rather dire. I have no job but am actively applying to places, my wife works but only makes $9 or $10 an hour and usually works ~30hrs, I own a rental house that isn't making money, but have only owned it for a couple years so don't have much equity (I am going to sell this one but have to notify tenants and it will take time to sell), I own the home I am living in and paying 750 a month on a land contract with 0% interest, but have owned for less than a year. I have two cars with significant loans on them (each one is around 15k-17k) and I am underwater by about 6 or 8k total between the two (one had my prior car's remaining balance rolled into it, and they have both depreciated significantly). I owe the IRS 13k from the withdrawal, and am on a $230/month payment plan with them. On top of all that, I have racked up about 10k in credit card debt over the last year, my credit score is shot, and my wife has student loans that are about $400 a month. I am less than a month away from being completely broke. Do I have any options besides bankruptcy? I'm feeling pretty hopeless, and I obviously regret my decision to leave the stability of my last job, but I don't know where to begin to fix this.

quote:

the government deposits $630,000 in a hidden bank account linked to the newborn American and administered by a Jewish cabal

monster on a stick posted:

Whoever mentioned the financial independence subreddit found a goldmine


The top-voted response is "lol"

quote:

Clean up your resume and find a new office job. There's going to be so many places out there that are interested in your skills and background with both soc and art.

Space Gopher posted:

(also, the article really tries to gloss over the guy who owns two Jaguars, and spent his super-valuable time to mock a disabled panhandler for not working)

quote:

He was studying the paint stains on his jeans and boots. They were left over from some community service he had done a few days before as punishment for stealing two items worth less than $200 at a Walmart, one of which was some ear buds, and returning one for money.

quote:

She knew what they must say about her disability: It’s only anxiety, only depression. Why couldn’t she work? Why did she buy soda and cigarettes when they needed food? How could she afford the Internet and cable TV bills on a $500 monthly disability check?

quote:

“I was supposed to go work off my fines today,” he said.

“You know I’d rather have you do that than do what you’re doing now,” she said.

“If I was making money doing it, I wouldn’t care,” he said. “But you go work for nothing.”

quote:

Why couldn’t he get a job? Was he to blame? Maybe people were right when they told him tattoos would turn off employers. He also could have walked through the snow that day McDonald’s had fired him — it was less than a mile from his house — but he hadn’t done that, either.

quote:

Hi all, first time poster - I read through the sidebar info and hopefully I'm doing everything right. Thanks in advance for reading.
My wife and I have been married for three years. We've decided to split up. Everything is perfectly amicable and agreeable so we will not be needing to pay for any sort of extra legal fees.
She is absorbing the debt of a credit card that was taken out in her name and I am taking on the debt of a loan we took out together a few years back to buy a camper ($5,660 left on that with a 19.26% interest rate.... I know). We have made monthly payments on this since we took it out.
I also have a credit card in my name which I owe $1,867.41 on. This card has been closed for a while and I have not made any payments on it in a while. Certainly, this has affected my credit in such a way that any loans or credit are not an option for me. Which is probably a blessings because I don't want any more debt anyway.
We have no real assets to divide aside from the camper we purchased which is going to become my responsibility. I view this more as a burden than an asset though to be honest. It needs some work before it can be sold and even then, I don't expect to get more than a couple thousand dollars off of it (which we've agreed will be split 50/50 between us if/when I get around to selling it). Neither of us own vehicles.
I live in Portland, Oregon. I make roughly $300 a week (plus maybe $80 a week in tips but until now, that money has been spent before it's even counted most of the time) or $1,200 per month (during the Summer while I'm not in school) and I don't qualify for OHP or SNAP... I'm assuming this is because I'm legally married and with our joint income, I'm over the qualifying limits for both?
If I can sort out financial aid, I'll graduate with my bachelors in December 2017. I'm not positive about these numbers, but I think that I'll have about $5-6,000 student loans upon graduation.
I'm hoping y'all can lend some guidance/encouragement in regards to the following questions:
Should we legally divorce ASAP so that I can qualify for food and health benefits? I can't afford private health insurance and I'm not going to be able to easily afford food once I move out of our shared apartment.
How do I find an affordable place to live where I can live with my young dog? (I'm taking on the responsibility of my pup)
How do I save enough money to buy a cheap, yet reliable car so that I can work more hours and possibly pick up a second job?
My monthly budget (currently) breaks down to the following: $10 Spotify
$31 Phone
$32 wifi
$97 short term private health insurance (until open enrollment or ohp?)
$40 pet insurance (i know this one seems frivolous but it will be among the last things to go...)
$205 groceries (this includes all of my dogs monthly expenses as well)
$70 health (this gets put into an envelope in case I have to visit the doctor - because it's $30 a visit with this poo poo insurance I have - but it mostly gets spent on pizza at the end of the month)
$5 goes into the savings account at WF because they make you pay $5 a month to keep your savings account open
$60 Utilities
$350 (This is only so low because she has a nicer job than I do and a ton of free spending money - she is paying
$650 a month and I do all of the housework in return - This low rent is going to make moving into my own space very difficult because it will certainly be much more expensive)
$210 that big fuckin loan with 20% interest
$1,110 per month
and I make approx. $1,200 (not including tips)
It'd be cool if I could say that the $90 surplus has been going into a savings account and I have a few hundred dollars saved up but... again, pizza and the like. Felt secure with a shared income. Wasn't a big deal. Don't know what to do now. Help me make a plan?
What's the most efficient way to get a car, get my own space, get rid of these ridiculous debts, and get stable?
Thank you for reading.

curufinor posted:

sewing is a much happier control problem than having arbitrary clothes and folding em

some people did do folding clothes, but by taking like 3 hours

monster on a stick posted:

So she gets scholarships which may have even been need based because she describes herself as growing up poor.

SCA Enthusiast posted:

She didn't grow up poor if her families savings plus scholarships could send her to Harvard with no debt. Anyone who's filled out the FAFSA and received any amount of financial aid should understand this.

quote:

I gave my friend $6000 to invest in stocks and now they are not responding to me and blocked me from social media

quote:

24 M 2017 started off great, I started a new job and was making more than I ever before had. I went part time over the summer (cutting my income almost in half) so that I could go to school again. That was working up until I decided I want a truck. I went for kicks and giggles to dealerships getting an idea of what I could afford and what I couldn’t. I didn’t want to do a trade in and was planning on selling my 2008 Passat with ~170,000 miles, then getting a loan on a truck roughly $10,000 so that my payments would be about the same. Somehow I gave into the pressure of the salesman and manager and ended up coming home with a 2011 Frontier. After a few days I realized I can’t afford the truck and filled with desperation pleased with the finance guy to help me get out of the truck and into something cheaper. The “only car” that they could get me into was a 2014 Altima. It’s a nice car but now I realize it’s only $100 cheaper per month. So now I’m stuck with two car payments. I owe $3,500 on the Passat. I would love to get that car sold however I’m not entirely sure how that works with the loan. The bank obviously won’t give me the title until they are paid so if s buyer hears that I don’t have the title and have to have money first I wouldn’t blame them for running away. My 2 big questions are this: 1) how do I go about selling the Passat while having a loan still. Is there a form that they can sign showing the bank will give them the title? 2) the Altima is worth ~8,000 and it ended up costing me ~16,000. What are my best options? Keep it and just keep paying (roughly $270/mo)? Trade it in and get a truck around $5,000 and roll over the loan into that then actually have a truck like I originally wanted?

Krispy Wafer posted:

Goons sometimes help goons, like that Vegas homeless guy we helped ship off to Detroit.

Moneyball posted:

Like, saving for a down payment? High interest savings account. If you invest it in something and you plan to buy at a certain time, you're exposed to a crash.

Fuzzy Mammal posted:

When I bought my engagement stone it was for $4k and came with a certificate saying it was worth $10k for insurance purposes. All that stuff is bullshit.

potatoducks posted:

https://forums.somethingawful.com/showthread.php?threadid=3837987

GROUND FLOOR BABY

That is the thread where you offer helpful suggestions. This is the thread where you laugh at how stupid it is.