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re: People who can't manage finances or spending. How does this happen?
Posted on 9/18/20 at 12:20 pm to C
Posted on 9/18/20 at 12:20 pm to C
quote:
This is my wife every time she shops
i never knew it existed until the relationship with my gf
it took a few trips to Hobby Lobby or Michaels for me to realize it's a genius marketing strategy that really does work
1
Posted on 9/18/20 at 12:23 pm to LouisianaLady
yeah the thing that really seems to consistently kill budgets, that offers no real lasting benefit, is eating out
at least over-buying "stuff" does leave a tangible item in your possession. eating out? no
vacations are somewhat similar, but those experiences actually do last. it takes a legitimately amazing meal to rival that sort of experience, and i imagine most of these meals should be a part of said vacations
at least over-buying "stuff" does leave a tangible item in your possession. eating out? no
vacations are somewhat similar, but those experiences actually do last. it takes a legitimately amazing meal to rival that sort of experience, and i imagine most of these meals should be a part of said vacations
Posted on 9/18/20 at 12:39 pm to SlowFlowPro
quote:
yeah the thing that really seems to consistently kill budgets, that offers no real lasting benefit, is eating out
I struggle with this sometimes and I'm pretty good about not eating out when I'm single but I'm quickly reminded how damn expensive it is when I start dating again and that tap drops. haha
Posted on 9/18/20 at 12:41 pm to jclem11
living like a refugee the past few weeks has been a good reminder how fricking expensive eating out all the time is
even fast food adds up pretty quickly
even fast food adds up pretty quickly
Posted on 9/18/20 at 12:43 pm to keakar
quote:
the teach no form of money management or budgeting within you means in schools today 90% of kids couldnt even be able to fill out a check if their life depended on it schools are too busy teaching about white privilege and diversity quotas and OMB
They sure aren’t teaching English
Posted on 9/18/20 at 1:13 pm to LSUJML
quote:
think finances should be part of high school
I wouldn’t really want a teaching lecturing my kid on finances. There’s a 99% chance I’d disagree with the curriculum
Posted on 9/18/20 at 1:16 pm to SlowFlowPro
quote:
until the relationship with my gf
Are we still playing the hurricane Laura bingo game where you get a point when SFP mentions his GF?
Posted on 9/20/20 at 10:59 am to McCaigBro69
quote:Same here.
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.
And that's definitely not the way to go...but it's also still not hard to tell if you're spending too much even if you don't track your spending. When your checking account gets low or you're dipping into savings to replenish your checking account, you're probably spending too much money.
You should still very easily be able to be financially responsible even if you never track how much you spend, it's really not that hard.
Posted on 9/20/20 at 11:11 am to SlowFlowPro
My friends ex wife was addicted to online shopping and ran up a huge amount of debt. Basically people buy things they can't afford.
Or they walk into a car dealership and realize they can get the fully loaded on a 7 year loan and don't think twice about it.
Or they walk into a car dealership and realize they can get the fully loaded on a 7 year loan and don't think twice about it.
Posted on 9/20/20 at 11:40 am to nugget
At the least, high schools should teach how to manage a check book register. In this day and age of debit cards and direct deposits, one can lose sight of pending payments, etc... It's best to keep a 3 column ledger for your monthly bills. Finances by cell phone is NOT the way to do it.
Posted on 9/20/20 at 11:45 am to SlowFlowPro
Lifestyle creep that's always one step ahead of their income.
Early in one's career, pay raises generally come relatively often. It's easy to fall into the trap of saying that you're slightly overspending now, but once you get your next raise, you're golden. Then you get that raise, and your lifestyle creeps to the next step, and the next. You never actually let your pay make it past your spending.
Then one day, the raises stop coming quite so frequently, but now you have years of creep piled on top of one another, and no more substantial pay increases coming down the pike.
Then you're fricked.
Early in one's career, pay raises generally come relatively often. It's easy to fall into the trap of saying that you're slightly overspending now, but once you get your next raise, you're golden. Then you get that raise, and your lifestyle creeps to the next step, and the next. You never actually let your pay make it past your spending.
Then one day, the raises stop coming quite so frequently, but now you have years of creep piled on top of one another, and no more substantial pay increases coming down the pike.
Then you're fricked.
Posted on 9/20/20 at 11:47 am to SlowFlowPro
Why don't you ask Mayor Cantrell?
Posted on 9/20/20 at 12:00 pm to SlowFlowPro
quote:
How does this happen?
Some people are born with vaginas
Posted on 9/20/20 at 12:22 pm to dgnx6
quote:
Or they walk into a car dealership and realize they can get the fully loaded on a 7 year loan and don't think twice about it.
I’m a big fan of the 72 month car loan as long as it doesn’t mean you can’t take advantage of better dealer incentives. I get a low monthly payment and still pay it off in 2-3 years but, Heaven forbid something bad happens, I can pay that low note for a couple of months.
My ex was financially illiterate. She had a small amount of student debt, drove a very humble car, and would eat beans and rice to stretch a dollar. It seemed like actually having access to money and credit triggered her to be careless.
She tried some solutions on her own and would always get angry when I asked questions. I said that we needed to work together so I wrote up a list of our monthly expenses and asked her to fill in what I missed or change the amounts if needed. She never did anything with the list because she thought I was telling her what to do.
The woman I chose to be the mother of my children, ladies and gentlemen.
Posted on 9/20/20 at 4:32 pm to RT1941
quote:
I do the exact same, and pay them off the minute the charge hits my cc account
Why this?? Seems as this would have you having to log on and make payments all the time. Why not take advantage of the grace period and pay the statement balance each month? You will never accumulate interest, and you'll only have to make one payment on the card each month. This is how I use mine to accumulate cash back.
Posted on 9/20/20 at 4:37 pm to nugget
quote:
I wouldn’t really want a teaching lecturing my kid on finances. There’s a 99% chance I’d disagree with the curriculum
Posted on 9/20/20 at 4:38 pm to SlowFlowPro
quote:
People who can't manage finances or spending. How does this happen?
because we're allowed to buy $80k trucks on a 120mo loans with 0 down
Posted on 9/20/20 at 4:40 pm to SlowFlowPro
They know they can loot and riot daily now and get what they need for tech and food.
Posted on 9/20/20 at 5:05 pm to SlowFlowPro
Half the people you see in a day have a maxed out credit card, I bet.
We are a debtor society. For a variety of reasons.
We are a debtor society. For a variety of reasons.
This post was edited on 9/20/20 at 5:08 pm
Posted on 9/20/20 at 5:11 pm to notsince98
quote:Not all the time. I know a lot of people who have incredibly financially irresponsible parents but they’re not.
Poor parenting.
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