Haifisch posted:

And we also have community colleges to let you get the first two years at a discount, and also private schools with deep enough pockets to maybe be the same price as state schools if they give you the scholarships(read: be poor, very smart, or ideally both), and also several different ways to get funding for school(private loans, various types of federal loans, the maze of scholarships that are often only worth $500-1000 a pop, etc).

e: federal. not feral. Although feral loans is an interesting mental image.

Folly posted:

I was taught that you should generally only finance 1 car ever, your first one. The plan goes like this:

Finance a reasonable used economy car with a reasonable loan from the credit union. When you pay it off, keep making payments into a bank account just like you were still paying off the car. Your budget already accommodates this expense.

At the end of each year, raise your insurance deductible to the amount you have in that account and review/increase your liability limit as appropriate. Pay the difference into your account.

When that account gets large enough to cover the replacement cost of another reliable used economy car, drop your insurance to liability only. Pay the difference into your account. When the account is large enough to buy 2 appropriate cars, you are now self insured. You should never have to make another car payment unless you suffer some staggering loss. Keep putting money into the account to upgrade the quality of car you want to buy next.

Of course, no financial plan survives contact with reality, but it's a pretty good framework. (And like uXs said, if you can find a way NOT to own a car, try that first.)

Folly posted:

You're self-insuring collision and comprehensive, not medical or liability.

Not sure what you're point is about the credit. This plan isn't about how to get financing, it's about how to avoid financing a second car.

Moneyball posted:

Don't do it, Folly.

baquerd posted:

If you've got financially illiterate parents, that sucks and you'll be at a big disadvantage. Those with parents that know their financial rear end from their elbow can add their kids as authorized users and do other actions that will create a credit history and score for their kids.

Good Parmesan posted:

But I spent 64$ on food in 2 weeks.
Dave and busters (64$)

BigDave posted:

I had a CareCredit card once. Applied for it and never used it. After 12 months they closed it for inactivity and my FICO score dropped 20 points.

Panfilo posted:

I've heard that owning a sailboat is another BWM thing, for reasons somewhat similar to horses. I know that the co workers I have that item sailboats are all trying to get rid of them because they've become a money sink.

Tomfoolery posted:

I apologize for my machine-gun posting but these are too good. This isn't actually BWM but I am super happy somebody used the phrase "Typical pro-slaughter rhetoric" in this derail that's much better than any of ours:

From the comments at https://www.paulickreport.com/news/bloodstock/investigation-finds-source-of-abandoned-horses-in-southwest/

Somebody called Joyce Moore posted:

How can you possibly equate horse slaughter with human organ harvesting or the use of cadavers for research? These activities require consent and are not brutally carried out on unsuspecting victims. Wow, just wow.

therobit posted:

Probably not too big a hit to your FICO, but yeah unethical as hell. I doubt its is legal even for a dentist's office although like retailers they are not held to the same standards as a bank, and there are likely few enforcement mechanisms. It would not surprise me if that practice were widespread.

The CFPB actually solicits customer complaints, so if you are still pissed about it, you could try telling your story to them. That agency really likes to hear about how companies are being sleazeballs and how industry practices are unfair. They have fewer teeth under Trump than they did under Obama, but their scope of regulation is pretty broad and they address a lot of stuff that is technically legal but not fair/ethical. I have not heard rumblings of them investigating doctor's office financing but if they get enough complaints about it they just might. For Instance, I think they were the first government agency to start looking at sub-prime auto lending.

NUKES CURE NORKS posted:

I don't know anything about bitcoin other than I guess it is digital money that you data mine for or some poo poo and tbh I don't care how it works but how are people so sure it will crash?

Moneyball posted:

Killstick posted:

Wait, don't you have like personal identification numbers or something? What if two people have the same name and birthday? Thousands of babies with the same name must be born every year. How does that system even work?

omnibobb posted:

Is it paranoia that I don't want the number of the beast tattooed on me?!?!?

Krispy Wafer posted:

Doesn't it take months to get evicted? Like she had to be in serious trouble before the hurricanes even hit.