Bad With Money 2018: When I die, bury me in the blockchain.

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad With Money 2018: When I die, bury me in the blockchain.

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Inept: Jul 8, 2003

monster on a stick posted:

The totally legit goon-run BoxMystery is also a classic BWM thread.

Keep in mind these mystery boxes cost $30:

quote:

Yea I got completely ripped off as well. Here is the entirety of my box:

1 set of vampire teeth, 1 egg of silly putty and 1 pack of 5 chopsticks/helpers.

# ¿ May 2, 2017 16:40

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# ¿ Apr 29, 2024 04:36

Inept: Jul 8, 2003

quote:

tl;dr: Father got arrested for possession of child pornography. Complete surprise to everyone.

quote:

You can always rely on family. I'm sorry but you can. I'd give anything to help my parents and siblings and they would do the same for me. That is what family is about.

This guy is in denial about absolutely everything.

# ¿ May 3, 2017 16:38

Inept: Jul 8, 2003

AreWeDrunkYet posted:

I've never seen a company do that. It wouldn't be surprising if they just said "no" and let the offer stand at the original salary (and moved on to the next choice if he said no), but moving on from what was presumably their first choice because he deigned to ask for more money is ridiculous on their part.

Small businesses are sometimes loving weird. See: the owner also regularly reads everyone's email. That's a huge red flag.

# ¿ May 9, 2017 20:10

Inept: Jul 8, 2003

Tiny Brontosaurus posted:

That's true for white dudes talking to non-white non-dudes, and it's true for Boomers talking to everyone. Don't trust them. They want your organs.

I'm a white dude and I just need a single kidney. Come on. I mean my kidneys are fine, but I could always use a spare.

# ¿ May 9, 2017 20:48

Inept: Jul 8, 2003

A horse of course

https://www.reddit.com/r/relationships/comments/6a7k1l/my_fiance_31_f_has_gotten_into_horses_and_its/ posted:

Been together for 3 years. My fiance went horse riding once with a friend and decided she wanted to get into the hobby. First came the horse riding lessons, then 2 months later, came buying a horse and having it trained, paying for boarding, then came buying a second horse 3 months later, paying for boarding. Now she wants to buy a $10k trailer and for me to buy a big truck to pull it.

Financially, we are both professionals that make pretty good money, but we both have a very large amount of student loans ($400k combined), she needs a new car.

I have saved a pretty good chunk of change for when I start my own business and money is tough, but she hardly has any savings and she doesn't really have any urgency towards savings or responsibility.

I told her one day I had reservations about how much this hobby was starting to cost us. I tried to lay out the idea that she was spending a ton of money on horse things that could be better spent on retirement, loans, savings, her a new car, etc. But she is saying that I'm not supporting her hobbies. I'm not trying to tell her that it's irresponsible to spend her money how she wishes, but I feel like I'm starting to see that her expensive hobby is going to start impacting our future financially.

Any advice?

# ¿ May 9, 2017 21:39

Inept: Jul 8, 2003

Virtue posted:

This doesn't seem BMW to me. Most doctors excluding pcp could light money on fire for kindling during the winter months and still be fine. Not paying off the loans immediately is probably BMW but par for the course as far as doctors go. Wasting money on a hobby you can afford, not so much.

He says in the post that they can't really afford it and aren't saving anything, and he wants to be able to, while she wants to spend more money on horsies. This is pretty classic bad with money.

# ¿ May 9, 2017 22:12

Inept: Jul 8, 2003

Fuzzy Mammal posted:

This is called socialising and when peer review time comes around who are you gonna recommend highly, your lunch friend or the weirdo who is proud about his $2 beans and rice he has every day?

You can socialize without eating out every single day though. Arguing that it's either eating out every day or beanz lol is stupid.

# ¿ May 10, 2017 19:11

Inept: Jul 8, 2003

ate all the Oreos posted:

How the hell do you spend over half a million dollars on a house and not build a driveway

At least they spent 10k on some nice cabinets :haw:

# ¿ May 14, 2017 05:29

Inept: Jul 8, 2003

I saw that thread and someone mentioned there's at least a decent chance that it's counterfeit because fakes are common in China so possibly very BWM.

# ¿ May 15, 2017 19:38

Inept: Jul 8, 2003

C.H.O.M.E posted:

One day I came in and heard a story about how he couldn't afford to call a plumber so he replaced his kitchen sink drain with a hose through a hole in the wall that drained into his back yard.

Why not just cut out the middle man and just use the hose outside to rinse off plates, get some fresh air while you clean.

# ¿ May 16, 2017 16:15

Inept: Jul 8, 2003

John Smith posted:

What is wrong with that statement? Real successful people should be able to function effectively as both employees and employers. If you can't even cut it when following orders, how can you cut it when you are running the show yourself?

It might be because it's such a generic platitude that it should be on a motivational coffee mug given out at a leadership seminar.

Speaking of leadership and MLMs

https://www.reddit.com/r/personalfinance/comments/3ghi52/friends_getting_sucked_into_life_leadership_need/ posted:

Basically, the business model is you join and you're on this team. My friends claim it's "not a pyramid scheme" [...] they just have to go out and start their own leg of the team and get recruits.

# ¿ May 23, 2017 17:29

Inept: Jul 8, 2003

dreesemonkey posted:

Today we have open enrollment at work since our benefit period restarts in July, and the people that are here are basically trying to get you to buy-up various insurance packages. Well, good ol BMW co-worker falls for the whole life insurance because she "doesn't want the kid's to have to worry about funeral costs". These people aren't even loving 40 years old yet and don't have terminal illnesses.

I think this is the only responsible thing listed. Whole life is a waste vs term, but not having any life insurance at all in case a parent dies is really bad if you have nothing saved.

The proud racism is going to gently caress the kids up more than anything else.

# ¿ May 24, 2017 16:42

Inept: Jul 8, 2003

Leon Trotsky 2012 posted:

He's literally giving up 60k, that his father specifically left for him, for the privilege of being able to pay rent to his abusive mom because he is completely helpless.

Yeah it's almost like abuse fucks with people or something

# ¿ May 30, 2017 21:06

Inept: Jul 8, 2003

Good Parmesan posted:

In February I took a loan for $500

It turns out that payday loan places are not good places to go for money.

# ¿ Jun 1, 2017 18:56

Inept: Jul 8, 2003

Bottom line is that he allowed her to be misled about his finances and doesn't like to go out to eat or go on trips with her and considers it "a waste of money". They're incompatible and need to break up, and it probably would have happened a while back if he was upfront about being cheap and not broke.

# ¿ Jun 6, 2017 21:24

Inept: Jul 8, 2003

Tiny Brontosaurus posted:

He didn't "allow her to be misled," he lied to her. Compulsively reframing this so she's the bad guy and downplaying what he chose to do is motivated by sexism. The woman has to be in the wrong, no matter how many facts you have to change to get there.

You're right, he lied. I don't think she was in the wrong at all though, and never said she was.

# ¿ Jun 6, 2017 23:24

Inept: Jul 8, 2003

Zo posted:

I gotta say, it's pretty funny that lil miss snoopy golddigger's first reaction was "he should buy me half a car"

3/10

# ¿ Jun 7, 2017 00:45

Inept: Jul 8, 2003

Motronic posted:

https://www.reddit.com/r/personalfinance/comments/6fuvg2/truck_rental/

2017 F250 Diesel, the perfect road trip vehicle.

# ¿ Jun 7, 2017 18:49

Inept: Jul 8, 2003

Put some food in the card and then a gift card to Victoria's Secret.

# ¿ Jun 8, 2017 20:47

Inept: Jul 8, 2003

lampey posted:

She really did try to set him on fire, the police were called, no charges were filed and he moved out after that.

How...how is that just a footnote in your initial post?

# ¿ Jun 8, 2017 22:58

Inept: Jul 8, 2003

Leon Trotsky 2012 posted:

- These people were statistically the most likely to be bored/not challenged by the job or have much better opportunities available elsewhere.
- That meant that these people were most likely to leave.

Hmm, our most qualified people keep on leaving quickly. We could try to improve conditions, but hiring under qualified dummies seems easier.

- Every company

# ¿ Jun 9, 2017 18:30

Inept: Jul 8, 2003

EAT FASTER!!!!!! posted:

I see this as more of a $50,000 wedding.

more banal wedding cost debates please

https://www.reddit.com/r/personalfinance/comments/6gxd3w/is_it_wise_to_take_out_a_small_401k_loan_for_new/ posted:

Hi all, I'm fairly new and uneducated when it comes to 401k stuff. I have one. It has money in it, maxed out per year is all I know.

Anyway, I have just started a new photography business and my old camera is not adequate for the type of work that I will be doing. I need roughly 2k to get the new camera body that I need, and I would prefer to have it soon.

Does it make sense to withdraw the funds from my 401k and write it off as a business expense on next years taxes? or perhaps taking out a loan against my 401k is best? Or just leave my 401k alone in general?

Here's the photographer for your $100k wedding!

# ¿ Jun 13, 2017 21:12

Inept: Jul 8, 2003

Splish posted:

Overheard a coworker this morning say that she and her husband make about $120,000 a year and it's good that they don't make more because then they would be in the 33% tax bracket and get screwed over.

Uhh the 33% bracket starts at $191k for single and $233k married. She's got more than just terminology confused.

# ¿ Jun 15, 2017 22:09

Inept: Jul 8, 2003

Leon Trotsky 2012 posted:

- Has x ever taken a vacation overseas for more than a week?

Who the gently caress takes a vacation overseas for less than a week?

# ¿ Jul 6, 2017 04:45

Inept: Jul 8, 2003

April posted:

Given that he took out a 6-year (or longer) loan for a truck

At 9%. With a credit score of 730. :psyduck:

They're paying $1500 a month on vehicle expenses.

# ¿ Jul 12, 2017 02:35

Inept: Jul 8, 2003

LLCoolJD posted:

My pension plan requires 5 years of employment to vest.

In Illinois, for state workers it requires 10 years and is in lieu of Social Security. Also it's $130 billion in the hole. Do never work for the state.

# ¿ Jul 18, 2017 20:04

Inept: Jul 8, 2003

Waahh I chose the path of least resistance and sided with my lovely father and ignored my mom and she left me out of the will. I want to sue!

https://www.reddit.com/r/relationships/comments/6o8ra3/my_mom_f50s_cut_me_m30s_out_of_her_will_because/ posted:

My mom (F50s) cut me (M30s) out of her will because she thought I took my dad's (M50s) side in the divorce.

My mom died recently. It was expected as she had cancer, but still very hard for my family to deal with.

I come from a family of 5 - my mom, dad, 2 sisters, and me. Growing up, I was closest to my dad. Don't get me wrong, I loved my mom, but my dad and I had a special bond. He worked a lot of hours and was more of the "fun" parent. My mom had most of the responsibility with us.

When I was 23, my dad had an affair. My mom caught him and he left her for the other woman. I also didn't want to pick sides. I loved my dad and my mom and didn't want to lose a relationship with either of them. I was neutral, while my sister's chose my mom's side and have never looked back. Because of this, I wound up spending a lot of time with my dad and the other woman.

My dad eventually married the other woman and I treated her like family because she was to my dad. I invited her to my wedding, which my sister's didn't come to (they were both very pregnant, but I have a feeling it had more to do with my dad and her). She was there when my child was born. I split holidays between my dad, my mom, and my wife's family. My mom was always okay with all of this. Before the wedding she told me she might not go if the other woman was there, but my dad said he wouldn't go without her and my mom didn't want to miss it. After that, she didn't say much about it. I know it was sometimes hard for her, but I assumed we were okay.

I have been waiting to hear about my mom's will. Years ago, I was told it was split between the three of us. My wife is pregnant with our second child and the money would help set us up with the future. My mom came from a very wealthy family, so she actually has more money than my dad. On top of that, she lived in and owned the house I grew up in and I wanted to buy out my sisters as my family is growing and we need the space.

I met with my sisters and asked them. They told me that I wasn't in the will and that my mom took me out of it years ago. They told me that my dad took them out of his will, so she wanted to make it fair since I would get everything from him. Then they told me that my treatment of her was horrible. I chose my dad's side in the divorce, threw the other woman in my mom's face, and I wasn't there for her at all while she was going through a hard time, including severe depression which I did not know about and her cancer. They argued that I spent more time in the past 2 years with my dad and stepmother than my own mother dying of cancer. They were pretty mad that I didn't help them out more since it left all the work up to them.

My mom was never a petty or mean person. She was always very fair, very empathetic, and very caring. This is completely out of character to her. I don't know if my sisters pushed her into it as they are barely in my life or what and I think they pushed her into this. I don't know if I should contact a lawyer about this? I'm upset that I missed all of these signs from my mom and that she was this angry/upset at me to cut me out of her will.

# ¿ Jul 19, 2017 17:30

Inept: Jul 8, 2003

Nail Rat posted:

It's his wedding, not hers. He did some other poo poo things but if he wants his stepmom at his wedding, his mom should respect that. She's clearly also part of his life. It's part of the whole divorce thing that your kids will be interacting with step parents eventually.

I don't think that his mom really said that she was asking dad's mistress not to come, just that she may not come herself. Which is understandable, that would be really hard to deal with. It's an awkward situation, but if she thought there was a real chance she couldn't stand going, warning her son she might not be there is appropriate.

As an aside, if I found out my dad cheated on my mom and was going to stay with his mistress, I probably wouldn't talk to him for a long while. This guy completely ignoring the severity of it is kind of telling.

# ¿ Jul 20, 2017 15:02

Inept: Jul 8, 2003

#candles

https://www.reddit.com/r/personalfinance/comments/6sm6ey/boyfriend_of_55_years_and_i_have_been_trapped_by/ posted:

Not sure where to begin but I'm trying to figure out how we can change. As of now, we cannot live fully because we are constantly living paycheck to paycheck. I'll give all the details I can think of to help better understand our situation.

DEBTS Boyfriends credit card debt-$18,000 My credit card debt-$10,000 Boyfriend owes in federal taxes-$2,000 as of three years ago when we last filed his taxes. Boyfriend school loans-$18,000 My school loans-$12,000

BILLS (per month) Rent-$600 Electric-$200 Water-$21 Sewer-$40 Cable/internet-$162 Netflix-$13 Gym-$40 Car insurance-$98 Pet insurance-$42 My student loan-$150 Boyfriends student loan-$250

OTHER Cigarettes-$325/month for both of us Weed-$280/month We eat out quite a bit because we work late and are lazy when we get home. Don't actually go through much gas because we live close to our jobs. We both have paid off cars 98 Jeep Cherokee 180,000miles and a 98 Buick century 60,000 miles. Both get us to work every day but need a lot of attention. We try to do the things ourselves as we have the money. But I am in some serious need of some breaks right now.

We have one dog. But we are also fostering another dog right now. The only we are paying for is food because we feel bad feeding it the crappy food the animal shelter gave us. We desperately want another dog so ours has a friend (realllly bad anxiety) but we know we can't afford it. We have pet insurance because our little guy goes to the vet about once every month or two. It has saved us probably thousands.

We are both servers so our incomes vary quite a bit. I would have to estimate we are making about $3,500 a month between the two of us. Working 5 days a week. Sometimes a couple doubles.

3 years ago boyfriend was a private contractor for a taxi service and we didn't understand how he taxes worked. Ended up owing a lot of money and I'm not entirely sure why we haven't filed since. I think it's a combination of being scared and lazy.

Can't get out of gym membership until December. Can't get out of DirecTV until September and we owe a total of $300 to pay off phones with tmobile, then we could get out.

We stopped paying the credit cards years ago. Probably 3-4 years now. We had considered going bankrupt a while back. Even got a lawyer. But then, just never went through with it. I've now settled with 3 of the 7 credit card companies I owe. Boyfriend still has 6 credit cards that he owes money. One of boyfriends companies has served him papers to go to court, but we did not go.

We really have just been slackasses for years now and I want it to be different. I am 26. Boyfriend 30. Like I said, we both are servers at restaurants and we actually don't hate our jobs, but Im ready to pursue my passions (whatever those may be!). But I want to figure things out. Experience life. Travel. And for years we haven't been able to do anything. For the past couple years I've been dreaming about having an urban farm, but I know I can't move forward very much if I am being crippled by all this debt.

We sit down every couple months and say, "alright, let's get this organized. Let's figure this all out" but we never get anywhere. We need help.
Where do we even start?

# ¿ Aug 9, 2017 19:21

Inept: Jul 8, 2003

Subjunctive posted:

If I hadn't been moving to a different country, I would definitely have tried to make that happen.

https://www.reddit.com/r/personalfinance/comments/6t27vo/im_trying_to_buy_an_expensive_house_in_the_city/ posted:

Young professional looking for some insight to buying an expensive house.

What am I:

Age: 26

Income: $3,600/month in take home pay after contributions/tax (Engineer)

Savings: $55K

Parents assistance: (if necessary for down payment) $30k

401K: $75K

Credit Score: 760+

No debt, paid off car, living rent-free at parents.

House: $450K, 3 bedroom, 2 bath with garage and rooftop patio in a "lit" part of the city.

Property tax: $5k per year

Seller's Assist: 13K - 25K

I plan on living with friends as roomates (2). I would be asking for $600 per month as a friend discount and accounting for only 1 roomate.

I'm estimate that the mortgage/property tax/home insurance takes away $2,200/month

Questions:

I have a higher than average balance in my 401k for my age. With how the stock market is doing, I feel that a 401k WITHDRAWAL for my first principal home would be a better option than taking assistance from my parents. The reason I opt towards a withdrawal versus a loan is because it would be financially beneficial to just repay my parents. I do not believe that I will dramatically hinder my retirement age. Should this even be considered an option?

This is a poo poo ton of money to me and the housing market can be volatile. Surely no one can predict when another housing crisis will occur. I plan on living at this residence for 5+ years. Worst case scenario, I feel I can rent out the place and move back home. I feel very little trepidation towards the decision to buy a home like this since the risks are understood. Am I just a tad crazy?

yo "fam" this "lit" house is only 8x my gross income can I swing it?

# ¿ Aug 11, 2017 18:32

Inept: Jul 8, 2003

quote:

Update: I signed for the life insurance policy yesterday and received a copy of it for the first time, yet the policy and issue date is for August 17 which is outside of the 10 day free look period.

Haha Jesus Christ

# ¿ Aug 30, 2017 03:35

Inept: Jul 8, 2003

I'm glad no one is going to her party, she sounds like a shithead. Also your coworkers are morons for giving her so much say over the party.

# ¿ Sep 11, 2017 21:10

Inept: Jul 8, 2003

Ebola Roulette posted:

So she's not mobile enough to work or do more than change a lightbulb, but she's somehow mobile enough that she will be able to keep an entire house clean?

There are some terrible people out there, but there are also a lot of redpill shitheads on reddit that would make a fake post like this as well. Overweight/immobile, doesn't work, trying to get money from a former employer, overspending, CC debt, trying to offer above asking price, stating specifically that they want to get on the title but not the mortgage, mom and sisters agree and everyone is trying to convince the poor boyfriend.

bfwants posted:

And it's not like if we got a cheaper home and he put the extra money into stocks I could put my name also on his stocks. Unless I could somehow? We're not even close to being married or anything.

It's a little too on the nose.

# ¿ Sep 18, 2017 16:00

Inept: Jul 8, 2003

April posted:

This is a fun one....

https://www.reddit.com/r/personalfinance/comments/71lp9b/35k_in_debt_were_budgeting_but_feel_like_were_not/?st=j7vthzqj&sh=48ed88d3

Unsurprisingly, almost every single comment in the thread is some version of "holy poo poo, what is your wife driving, you can't afford that!"

And the OP has never replied at all.

Hahaha his only other comment is in some subreddit asking someone to make a naked version of a photo of his friend's girlfriend. I guess he wants to get out of debt via divorce

# ¿ Sep 22, 2017 14:07

Inept: Jul 8, 2003

canyoneer posted:

https://np.reddit.com/r/legaladvice/comments/73t94p/i_think_my_apartment_is_stealing_money_from/dnswxo5/?context=3
I think my apartment is stealing money from people by claiming false electricity overages (self.legaladvice)
submitted 12 hours ago * by noobtablet9
46 commentssharereport

Guy explains in a comment that he keeps his thermostat at 69 degrees 24x7. Yeah, of course it's expensive.

A reply in that thread from the OP

quote:

I will watch it but I want to clarify, I never open windows. But in the winter if I want to be colder in the house, opening one seems like a good idea

He seems to be missing some fundamental knowledge about some very basic things

# ¿ Oct 3, 2017 16:43

Inept: Jul 8, 2003

You forgot to bold the most important part.

quote:

active in /r/entrepreneur

# ¿ Oct 11, 2017 19:31

Inept: Jul 8, 2003

Enfys posted:

Speaking of deeply predatory environments

quote:

Uber wrote to me to explain that the screenshot refers to a study in Houston that is part of a research collaboration between Uber and two MIT economists.

We're loving with your livelihood either directly or indirectly (when others opt-in and drive more than usual, it lowers rates!), but it's ok, it's for science purposes. Now drive you dumb assholes.

# ¿ Oct 20, 2017 18:10

Inept: Jul 8, 2003

https://www.reddit.com/r/relationships/comments/78ix26/i_29m_found_out_the_full_extent_of_my_girlfriends/ posted:

I [29m] found out the full extent of my girlfriends [28f] financial issues and am wondering how bad this is and if I should run

I met this really cool girl and we�ve been together a few months and she always hinted that she isn�t great with money. The other day she let me look at her debt, I was shocked but didn�t really react and acted like I�m ok with it. She has just under $100k of debt across loans and credit cards.
She makes good money, about $100k per year, but this level of debt scares me. About $20k of it is car payments and student loans, the rest is credit card debt and loans she got to consolidate the credit card debt. Her minimum payments are close to $2500 per month...
I have no debt at all, and make about half as much as she does.
I know this isn�t a finance forum but, if you were dating someone and found out they have debt equal to one years income, how would you react?
Early in relationship she would shell put hundred of dollars on stuff like micro transactions in video games and wanted to go out to eat every night. I have been trying to teach her how to be better with money and she is very cooperate and listens to me when I say �don�t buy that� or �you should return that� so her cooperativeness is something that gives me hope she wouldn�t ruin our lives if we got married or something...
But I can�t reallt wrap my head around this level of debt, should I just run for the hills or try to make this work? She is great in every way and I�d say I love her a lot but, I�m a little thrown off by this debt discovery... $100k of debt with a $100k salary wouldn�t that take like 10 years to pay off?

$80k in credit card debt, no biggie.

# ¿ Oct 25, 2017 02:36

Inept: Jul 8, 2003

Devian666 posted:

This is some sweet BWM. Taking your entire state pension as a lump sum. That seems alright so far. What could possibly go wrong?

Well this could happen where someone spends it all in six months. At least he spent it on a flash car, gambling and drinking instead of wasting the money paying bills.

quote:

She continues that he had been suffering through a period of ill mental health.

...

�I think he chose to spend his money, not to take advantage of the benefit system, but because he didn�t care what happened to him, had addiction issues and knew there would eventually be a safety net.�

The true BWM is the British government allowing people to make themselves destitute and reliant on safety nets and charity.

# ¿ Oct 26, 2017 03:25

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# ¿ Apr 29, 2024 04:36

Inept: Jul 8, 2003

The article is about a change made in 2015 in the U.K. that gave people a lot more freedom to draw down their pension funds at whatever rapid idiot pace they wanted. Turns out may have been a bad idea.

It would be like letting people in the U.S. take out their social security in a lump sum and then hope it works out somehow.

# ¿ Oct 26, 2017 03:37

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Bad With Money 2018: When I die, bury me in the blockchain.

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