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re: People who can't manage finances or spending. How does this happen?
Posted on 9/18/20 at 11:04 am to SlowFlowPro
Posted on 9/18/20 at 11:04 am to SlowFlowPro
quote:
but they actually spent ELEVEN GRAND A MONTH.
Is that bad?
1
Posted on 9/18/20 at 11:04 am to SlowFlowPro
A girl I went to HS with has her own speech therapy business. She makes about 250K. Her husband is a nationally known radio voiceover talent and makes about the same. They live paycheck to paycheck. She has at least 300 pairs of shoes and drives an $80k BMW. He never met a boat he didn't like. He currently has four sitting in his driveway. They take two or three vacations a year. So the money goes.
Posted on 9/18/20 at 11:05 am to McCaigBro69
quote:
I have no clue what I spend a month. I put aside a percentage of my check and just use my debit card.
Rarely check my balance tbh.
that isn't the scenario in OP, though
that's like a 2/10 on the "irresponsibility" scale
these people are juggling like 3rd and 4th degree transfers of their debts
Posted on 9/18/20 at 11:06 am to SlowFlowPro
I could bury myself in crippling unaffordable debt right now before lunch with no effort.
Its easier than being responsible.
Its easier than being responsible.
Posted on 9/18/20 at 11:06 am to SlowFlowPro
quote:
it doesn't require a formal education process to understand you make x a month and shouldn't spend twice that
A legit half a year course would do wonders.
Posted on 9/18/20 at 11:08 am to GreatLakesTiger24
quote:Well, most can't manage a healthy weight either and that's even more important than financial health. Most of us are irrational creatures of comfort.
It’s so easy to be financially responsible. I don’t get why such a small % of Americans manage to do it though.
Posted on 9/18/20 at 11:09 am to SlowFlowPro
The worst part is people don't think it's their fault. I remember reading this article about this girl bitching about her debt problems. She went to an expensive out of state school for undergrad and took out crazy student loans instead of going to a state college "because it was her dream school" and then couldn't find a good enough job with her useless degree that she sold her soul for. Then she got married and they bought a house they couldn't really afford but they bought it anyway "because it was her dream home" and now a couple years later they cant pay the bills and are swimming in debt and about to have their home foreclosed on. And she had the fricking nerve in this article to blame the government and loan companies for her problems.
People are increasingly pushing the blame for their own dumb decisions onto others as if they're entitled to what they want simply because they want it. And the fricked up thing is other people agree with them and give them validation for said stupid decisions. So then the narrative becomes they were taken advantage of or being bullied by others when in actuality they're just dumb as bricks with financial decisions and don't want to admit they fricked up, and they expect someone else to clean up the mess they made
People are increasingly pushing the blame for their own dumb decisions onto others as if they're entitled to what they want simply because they want it. And the fricked up thing is other people agree with them and give them validation for said stupid decisions. So then the narrative becomes they were taken advantage of or being bullied by others when in actuality they're just dumb as bricks with financial decisions and don't want to admit they fricked up, and they expect someone else to clean up the mess they made
Posted on 9/18/20 at 11:09 am to SlowFlowPro
quote:
one couple last night said they got a card with a $5k limit and it was maxed out before they got the initial bill
If it has zero percent... I do this. To farm points through my own business.
Posted on 9/18/20 at 11:09 am to DownshiftAndFloorIt
quote:I just couldn’t live with that stress and anxiety. It really boggles my mind that people can live paycheck to paycheck and not be doing everything they can to get out of that lifestyle.
Because its effortless to spend more than you make.
I’m almost jealous, in a way
Posted on 9/18/20 at 11:10 am to SlowFlowPro
Thousand dollar millionaires live on every corner.
Posted on 9/18/20 at 11:10 am to Motorboat
I hate to blame banks because that would remove personal responsibility from the individual which is a problem itself.
The banks extend credit WAY too easily imo.
The banks extend credit WAY too easily imo.
Posted on 9/18/20 at 11:11 am to WaterLink
quote:
and took out crazy student loans instead of going to a state college "because it was her dream school" and then couldn't find a good enough job with her useless degree that she sold her soul for. T
i watched a video yesterday with one of these who was in incredible SL debt that had gone up like 25-30% in a few years b/c she won't make any payments. her regrets? not applying to an even more expensive "dream" school for grad school
Posted on 9/18/20 at 11:13 am to Cosmo
quote:
People want to live for today.
Yep...
Turn on the news, you see that tomorrow is not a given...
The older you get, the more you want to save...so you can retire comfortably...
I struggle with the reality that so many people are smarter than I with investing...
My clients are rich... most of their money likely comes from stocks....
Some have 7 figure incomes...which is not the norm...nonetheless I am around it everyday....feeling like a failure in comparison...
I envy their freedom
Posted on 9/18/20 at 11:14 am to SlowFlowPro
quote:
The one legit takeaway from this show that I found myself agreeing with fully was all the "stuff" these people have. The host lady will go into their house and it's always filled with "stuff". I have been getting rid of a lot of old stuff the past couple months. Made a couple trips to donate to goodwill and filled up the trash can a few weeks.
Just looking at things I use every day, one thing I will effort to never spend another dime on is coffee cups. We've gotten rid of so many that we got for free, and we still have a ton. Don't buy coffee cups.
Posted on 9/18/20 at 11:15 am to SlowFlowPro
Posted on 9/18/20 at 11:17 am to SlowFlowPro
quote:
one couple last night said they got a card with a $5k limit and it was maxed out before they got the initial bill
Posted on 9/18/20 at 11:18 am to X123F45
quote:
If it has zero percent... I do this. To farm points through my own business.
i put almost all my spending on CCs and pay it off every month, too. these people...aren't
Posted on 9/18/20 at 11:18 am to Jim Rockford
she's sharing a lot of details of her life with you.
Posted on 9/18/20 at 11:19 am to SlowFlowPro
quote:
People who can't manage finances or spending.
You mean women?
Posted on 9/18/20 at 11:19 am to gthog61
shite is expensive. The idea is easy but implementing it is not.
Just a family with an average house note, health insurance, water, electricity, gas, phone, and average vehicle note without factoring medical bills or groceries is expensive. It adds up quickly when you sit down and track it all. Then you have house and car maintenance cause shite always breaks.
Just a family with an average house note, health insurance, water, electricity, gas, phone, and average vehicle note without factoring medical bills or groceries is expensive. It adds up quickly when you sit down and track it all. Then you have house and car maintenance cause shite always breaks.
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