Author Topic: Overheard at Work  (Read 4926816 times)

BackyarBQ

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Re: Overheard at Work
« Reply #10450 on: September 10, 2015, 05:13:02 PM »
cw: I just impulse bought a drone last night(a little over $1k). Whats your biggest impulse buy?
me: Ummm ill have to get back to you.

how is impulse buying different from regualar buying? I'm pretty sure i just regular buy my things...

No research, no comparison, no saving, no consideration of cash flow. Basically dumb.

KittyCat

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Re: Overheard at Work
« Reply #10451 on: September 10, 2015, 05:22:35 PM »
cw: I just impulse bought a drone last night(a little over $1k). Whats your biggest impulse buy?
me: Ummm ill have to get back to you.

how is impulse buying different from regualar buying? I'm pretty sure i just regular buy my things...
To add to the definition, basically, you see it and then buy it then and there.

FatCat

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Re: Overheard at Work
« Reply #10452 on: September 10, 2015, 05:48:12 PM »
cw: I just impulse bought a drone last night(a little over $1k). Whats your biggest impulse buy?
me: Ummm ill have to get back to you.

how is impulse buying different from regualar buying? I'm pretty sure i just regular buy my things...

Buying an item you did neither particularly wanted nor needed (and might not even ever use) just because you just saw it one day and thought, "Oh that's cool!" and buy it right at that moment without even giving it a second thought.

My impulse buys are usually $1 items....

Psychstache

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Re: Overheard at Work
« Reply #10453 on: September 10, 2015, 07:07:25 PM »
Also the account that I was to buy it from has money sitting around idle in it and the old head doesn't like that because he's afraid that if we don't buy something on the account soon someone will think that we don't want or need the money that we're not using or spending. Therefore to show the world how much we need that money he plans to spend some of it on things that we definitely don't need.

Is this a real concern? If idle money sits too long does someone cut back the department funding?

I know at some companies if you don't spend all the money they give your department then you get less funding the next year. Mostly because plenty of other departments will claim to not have enough funding so some of your department's funds will be allocated to them instead. You reach equilibrium once everyone claims to be underfunded.

This is how it works in a school district. Use it or lose it and see your budget get slashed next year. Dumb system and encourages buying random crap in April.

MoonShadow

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Re: Overheard at Work
« Reply #10454 on: September 10, 2015, 07:34:35 PM »
Also the account that I was to buy it from has money sitting around idle in it and the old head doesn't like that because he's afraid that if we don't buy something on the account soon someone will think that we don't want or need the money that we're not using or spending. Therefore to show the world how much we need that money he plans to spend some of it on things that we definitely don't need.

Is this a real concern? If idle money sits too long does someone cut back the department funding?

I know at some companies if you don't spend all the money they give your department then you get less funding the next year. Mostly because plenty of other departments will claim to not have enough funding so some of your department's funds will be allocated to them instead. You reach equilibrium once everyone claims to be underfunded.

This is how it works in a school district. Use it or lose it and see your budget get slashed next year.

And this is how it works in the military.  I've got some stories about how our budget was consumed near the end of a quarter that would make the average 'fiscal conservative' taxpayer think very hard about defense being exempt from budget cuts.

RetiredAt63

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Re: Overheard at Work
« Reply #10455 on: September 10, 2015, 07:39:24 PM »
And no planning for the next year.  We saved some of our budget for May/June purchases, since if we waited until after the summer break we would not have lab supplies in time.  We had to guard it or our Dean would "give" it to other departments that had not planned ahead.

WGH

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Re: Overheard at Work
« Reply #10456 on: September 10, 2015, 08:52:21 PM »
Years ago: Over a couple months, we had gotten many notices that our company was going to automatically enroll all employees in the 403b with a 3% deductions, unless you opted out. I had read over them, understood, and discarded the notices.  I sort of forgot about when it would happen because it won't change things for me.

One payday, a coworker is freaking out.  Her paycheck is less than normal and she doesn't know why. She's on hold with HR. I recall all these emails and letters and mention it. She can't believe they would do something like that to her. She won't be able to pay her bills. She said she "had to live on credit cards in grad school" like it was something everyone does.

She had expensive hobbies, pets, and would get excited when her parents visited because they'd take her grocery shopping and she could buy lunch meat and oreos.

I work in economic development and we have a loan program that provides some principal forgiveness for meeting certain covenants like job creation. We also try to stick in stuff like mandatory annual training on the company retirement program. My suggestion was to require a similar opt out plan. As we all know studies show that people are lazy and won't opt in with HR but once in they are in they are to lazy to opt out either. But no one is forcing you you can always get out.

Anyways two different companies told us that they would walk away from a loan if required to do this. I was flabbergasted and asked why. Both times it's because their employees would literally strike or cause a similar commotion.

Just think if people had the option to opt out of SS how many would do it?

Quote
Social Security made up 50 percent or more of the retirement income of 66 percent of Americans age 65 and older in 2009, up from 64 percent in 2008. And more than a third of retirees (35 percent) receive 90 percent or more of their income as a monthly payment from the Social Security Administration.

http://money.usnews.com/money/retirement/articles/2011/08/30/retirees-increasingly-depending-on-social-security

Scary

jordanread

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Re: Overheard at Work
« Reply #10457 on: September 10, 2015, 09:10:11 PM »
Just think if people had the option to opt out of SS how many would do it?

Quote
Social Security made up 50 percent or more of the retirement income of 66 percent of Americans age 65 and older in 2009, up from 64 percent in 2008. And more than a third of retirees (35 percent) receive 90 percent or more of their income as a monthly payment from the Social Security Administration.

http://money.usnews.com/money/retirement/articles/2011/08/30/retirees-increasingly-depending-on-social-security

Scary

I'd opt out for sure. I count taxes as money spent, so my savings rate would increase even more!!!
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nobodyspecial

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Re: Overheard at Work
« Reply #10458 on: September 10, 2015, 09:37:25 PM »
I'd opt out for sure. I count taxes as money spent, so my savings rate would increase even more!!!
Obviosuly everybody who isn't retired or unemployed should opt out of social security

theknitcycle

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Re: Overheard at Work
« Reply #10459 on: September 10, 2015, 10:00:56 PM »
One of my coworkers -- I can scarcely get through a day without there being something that you guys would enjoy.

Since my last post here, she has gotten engaged, so that's fun.  She talked for a few weeks about getting married in a local park, something simple and inexpensive.  Chafed at the idea that if she wanted to have a specific area of the park reserved on a specific day, she'd have to pay the parks department a reservation fee of around $250.  Then she toured a venue two hours away one weekend, and came back talking about how it was not a good deal at all.  $2,500 for the day and it's a long drive and they don't even handle the food, it's just a big field.  Compared to that, it seemed like such a better deal to hold the wedding and reception at this local restaurant/hotel, where it would only cost $4,000 including an appetizer bar (but not including the alcohol, of which there will surely be highly marked-up rivers).  So she booked that one.

The dress, kind of the same thing.  Lots of talk about how she wanted something simple and inexpensive. Then  she went dress shopping at bridal stores -- the kind that don't stock a single simple or inexpensive item.  She tried on a dress that she thought was ugly on her and it cost $2,000, so compared to that, the one that she liked better was a BARGAIN at $1,400 and she just had to buy it on the spot.

And then there was this week:

Monday, she was whining that she had gone overboard on both Friday and Saturday, spending well over $200 in bars over the course of the weekend, and now she was so broke she had only $270 left (after bills) to get through the rest of the month.  We have a similar conversation every month, but usually not until at least the 12th.  This was the 7th.

Tuesday, she whined that she was "forced" to go out to happy hour the night before because a friend needed to talk, and they stayed out late enough that it came dinner time and then she "had" to eat dinner there at the bar as well, and she's trying to cut back on that sort of thing but it's so HARD.

Wednesday, not much money talk but she did go out to buy one of her usual $10 lunches and make horrified faces at my homemade burrito.

Thursday (today), she took delivery of a food processor that she ordered online so that she could try out a trendy new recipe, but not this weekend because she's going camping with her fiance, and her big plan tonight was a shopping trip to stock up on all the yummy processed foods they might want to eat as camping treats. 

I'm sitting there mentally counting down from $270... waiting for the "well, I'm in the hole for the month now" conversation that we usually have around the 20th to start...

MoonShadow

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Re: Overheard at Work
« Reply #10460 on: September 10, 2015, 10:32:54 PM »

Just think if people had the option to opt out of SS how many would do it?


I would in a heartbeat.  I have a condition that puts my expected life span at around 60, so the only return that I can expect is survivorship for my wife, and I know that I could replicate that benefit rather easy.

tanzee

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Re: Overheard at Work
« Reply #10461 on: September 11, 2015, 05:46:55 AM »
I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about. 

midweststache

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Re: Overheard at Work
« Reply #10462 on: September 11, 2015, 05:54:41 AM »
I'd opt out for sure. I count taxes as money spent, so my savings rate would increase even more!!!
Obviosuly everybody who isn't retired or unemployed should opt out of social security

I think jordanread's idea was that if he could opt out of paying Social Security taxes right now (as a working person) by giving up his Social Security benefits int he future (retirement), he would. I think many people on this forum would agree, since they are likely not part of the group WGH posted about whole will need to rely on Social Security during retirement.

NumberCruncher

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Re: Overheard at Work
« Reply #10463 on: September 11, 2015, 07:16:24 AM »
I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.

But...why??? Why would anyone blast the A/C with the windows down???

jinga nation

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Re: Overheard at Work
« Reply #10464 on: September 11, 2015, 07:24:59 AM »
I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.

But...why??? Why would anyone blast the A/C with the windows down???

To cool down the atmosphere. Haven't you heard of global warming? Do your part. This is Standard Operating Procedure (SOP).
/foam
If I genuinely enjoy my profession and workplace, is there a reason to FIRE? Keep Calm and Carry On Milking.

jinga nation

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Re: Overheard at Work
« Reply #10465 on: September 11, 2015, 07:32:02 AM »
I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.

I have a co-worker who has a very nice late model RAM 1500 Laramie. His wife, who doesn't work, sits in it and lets it idle, or drives around on base going to Dunkin Donuts in gym clothes, multiple trips daily. Meanwhile, CW complains that the gee-dunk assorted nuts packets cost too much at $1. Then he asked me for a $10 loan to buy lunch from the BBQ truck. I said NO. He said $9.50. Shook my head. $8.40. Told him I wasn't going to bargain to loan him money. I told him that stop letting your wife idle the truck most of the day but he didn't get it.
If I genuinely enjoy my profession and workplace, is there a reason to FIRE? Keep Calm and Carry On Milking.

Le Barbu

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Re: Overheard at Work
« Reply #10466 on: September 11, 2015, 07:39:15 AM »
A CW who carpool with me lended 4,500$ 2 years ago to her 29 years-old-baby for her to buy a car. The loan carry no interest but my CW is not debt free so she pay some interest on her side. Anyway, she "needed" to upgrade the main bathroom and need some $$ so, she brings her daugther to the bank and have her borrow 8,000$ @ 12.25%!!! This way, she can repay the 1,500$ remaining to Mom, clear the CC's balances and enjoy life! Listening that story, I just tought that's 1k$ of interest charge (cuz I now assume the loan to be repaid in about 10 years if ever repaid!)

Gee, how can you be in the ditch that much at 29 with a good paying job, no kidz, no house, a used car, living in a not so expensive area??? I'm clueless about this kind of shit!
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MrMoneyMaxwell

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Re: Overheard at Work
« Reply #10467 on: September 11, 2015, 07:46:13 AM »
Also the account that I was to buy it from has money sitting around idle in it and the old head doesn't like that because he's afraid that if we don't buy something on the account soon someone will think that we don't want or need the money that we're not using or spending. Therefore to show the world how much we need that money he plans to spend some of it on things that we definitely don't need.

Is this a real concern? If idle money sits too long does someone cut back the department funding?

I know at some companies if you don't spend all the money they give your department then you get less funding the next year. Mostly because plenty of other departments will claim to not have enough funding so some of your department's funds will be allocated to them instead. You reach equilibrium once everyone claims to be underfunded.

This is how it works in a school district. Use it or lose it and see your budget get slashed next year.

And this is how it works in the military.  I've got some stories about how our budget was consumed near the end of a quarter that would make the average 'fiscal conservative' taxpayer think very hard about defense being exempt from budget cuts.

Yep. Our chief would make a point to buy new chairs/desks for everyone in the shop if there was money left over at the end of the year. It was really enlightening.
« Last Edit: September 12, 2015, 07:59:07 AM by MrMoneyMaxwell »

bsmith

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Re: Overheard at Work
« Reply #10468 on: September 11, 2015, 08:06:09 AM »
Quote
Quote from: tanzee on Today at 05:46:55 AM

    I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


I have a co-worker who has a very nice late model RAM 1500 Laramie. His wife, who doesn't work, sits in it and lets it idle, or drives around on base going to Dunkin Donuts in gym clothes, multiple trips daily. Meanwhile, CW complains that the gee-dunk assorted nuts packets cost too much at $1. Then he asked me for a $10 loan to buy lunch from the BBQ truck. I said NO. He said $9.50. Shook my head. $8.40. Told him I wasn't going to bargain to loan him money. I told him that stop letting your wife idle the truck most of the day but he didn't get it.

I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.

Le Barbu

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Re: Overheard at Work
« Reply #10469 on: September 11, 2015, 08:20:38 AM »
Quote
Quote from: tanzee on Today at 05:46:55 AM

    I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


I have a co-worker who has a very nice late model RAM 1500 Laramie. His wife, who doesn't work, sits in it and lets it idle, or drives around on base going to Dunkin Donuts in gym clothes, multiple trips daily. Meanwhile, CW complains that the gee-dunk assorted nuts packets cost too much at $1. Then he asked me for a $10 loan to buy lunch from the BBQ truck. I said NO. He said $9.50. Shook my head. $8.40. Told him I wasn't going to bargain to loan him money. I told him that stop letting your wife idle the truck most of the day but he didn't get it.

I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.

If people just stop iddling their car/truck/SUV when stopped for more than 5 minutes, the barrel price would drop to 20$ in no time. Even more if everyone would just use their car in an efficient way. I have always been aware of driving the least I can but after reading this blog, when drive like 25% less/year and then save 150 gallon of fuel every year with no impact on our lifestyle level. 
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LennStar

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Re: Overheard at Work
« Reply #10470 on: September 11, 2015, 08:39:59 AM »
I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.
So in the US its allowed to
a) run the engine when not necessary
b) have the engine run when the car is not under control of the driver?

Land of the free! Home of the stupid.

iowajes

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Re: Overheard at Work
« Reply #10471 on: September 11, 2015, 08:43:24 AM »
I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.
So in the US its allowed to
a) run the engine when not necessary
b) have the engine run when the car is not under control of the driver?

Land of the free! Home of the stupid.

You can even run the engine when no one is in the car at all.

tanzee

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Re: Overheard at Work
« Reply #10472 on: September 11, 2015, 08:47:12 AM »
I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.

But...why??? Why would anyone blast the A/C with the windows down???

To cool down the atmosphere. Haven't you heard of global warming? Do your part. This is Standard Operating Procedure (SOP).
/foam


You know, I have no idea.  I never asked him about it. I hated most of my co-workers and this guy was alright so I was just excited to be working with someone who wasn't a jerk interpersonally.  Maybe he was kind of a jerk to the planet, but I didn't bother asking.  Just figured he was sticking his middle finger up to liberals who believe in global climate change (like myself).  Not that human caused climate change is anything to "believe" in.  Rather a fact that you can either acknowledge or pull the wool over your eyes about.  But I wasn't going to debate it with this guy. 

tanzee

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Re: Overheard at Work
« Reply #10473 on: September 11, 2015, 08:52:27 AM »
I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.
So in the US its allowed to
a) run the engine when not necessary
b) have the engine run when the car is not under control of the driver?

Land of the free! Home of the stupid.

Yeah, the justification is usually "individual rights" or some such nonsense.  The externality to the the planet and the rest of the populace is apparently not a factor. 

Le Barbu

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Re: Overheard at Work
« Reply #10474 on: September 11, 2015, 08:56:49 AM »
I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.
So in the US its allowed to
a) run the engine when not necessary
b) have the engine run when the car is not under control of the driver?

Land of the free! Home of the stupid.

You can even run the engine when no one is in the car at all.

I'm in Canada and in winter time, I know a lot of people who start their F-150 engine in the morning and shut it down when they come back home (guys on the road, stopping-by to their clients place's for 1-2 hours. So they drive about 200km/day but the truck runs for 10 hours total. When you ask why, the answer is always somthing like "I'm not to poor to freeze my ass every time I get in my truck dude!" OK then...
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GuitarStv

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Re: Overheard at Work
« Reply #10475 on: September 11, 2015, 09:22:05 AM »
When I lived in Northern Ontario most people would leave cars running when you go in to the grocery store.  But our grocery store didn't have outlets for block heaters, and sometimes you couldn't get your car started when it dipped below -40.

FatCat

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Re: Overheard at Work
« Reply #10476 on: September 11, 2015, 09:35:06 AM »
I think the laws on this vary - there may be places where it is against the law to leave an unattended vehicle running.
But in the snow belt, it is common to start your car in the winter and let it run a bit (unattended) to heat up before you leave.

I'm curious about this. In places where it's illegal, is it still legal with remote starters? I thought the issue was that thieves would get in the running car and drive off. This was taking up a lot of police time so they made it illegal to run the cars with nobody in them so thieves won't be able to steal them so easily. With remote starters, this isn't an issue so it should still be legal to run your car as long as the key isn't in it.

runningthroughFIRE

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Re: Overheard at Work
« Reply #10477 on: September 11, 2015, 10:05:40 AM »
A day or two ago I heard two of my coworkers discussing stocks in the neighboring cube.

CW1: Have you seen X stock recently?  It's a disaster.
CW2: Is it? *checks online* $@&%, I bought a bunch of those the other day.
CW1: I'd get rid of it if I were you.  Put the money into something better.
CW2: I don't really know what to do, should I just throw it into an index or something?
Me: That's where I put most of my money.
CW2: *mumbles something about indexes having low returns

WTF?!? If you know you don't know what you're doing, then indexes are exactly what you should do!  I usually figure they're finance analysts and enjoy it, so they're in theory qualified to be dabbling in the markets, but this is just plain stupid.

Skalm

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Re: Overheard at Work
« Reply #10478 on: September 11, 2015, 10:10:03 AM »
Got a new partner to work with. This is incredible.

Hasn't filed taxes in 8 years.
$0 savings, except for when he needs to mod out his car.
Bought a $700 car for his girlfriend's daughter.
Plans to retire in his $20k/year job (there's a pension that with SS will equal that amount when he's 66.
Doesnt take advantage of almost-free college.

He seems really content for the most part, he just seems annoyed that he can't afford a better car and can't keep money saved for a $2k mod for his current car.

merula

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Re: Overheard at Work
« Reply #10479 on: September 11, 2015, 10:35:11 AM »
A day or two ago I heard two of my coworkers discussing stocks in the neighboring cube.

CW1: Have you seen X stock recently?  It's a disaster.
CW2: Is it? *checks online* $@&%, I bought a bunch of those the other day.
CW1: I'd get rid of it if I were you.  Put the money into something better.
CW2: I don't really know what to do, should I just throw it into an index or something?
Me: That's where I put most of my money.
CW2: *mumbles something about indexes having low returns

WTF?!? If you know you don't know what you're doing, then indexes are exactly what you should do!  I usually figure they're finance analysts and enjoy it, so they're in theory qualified to be dabbling in the markets, but this is just plain stupid.

"I dumped that stock because the price fell" doesn't sound like someone who knows what they're doing. Reminds me of a commercial I heard a few years back: "The price of gold has never been higher, BUY NOW!"

A fool and his money are soon parted.

zolotiyeruki

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Re: Overheard at Work
« Reply #10480 on: September 11, 2015, 10:59:39 AM »

Just think if people had the option to opt out of SS how many would do it?
Like. A. Shot.  That 12.5% of my salary would return a heck of a lot more per month after 20/30/40 years than I'd ever get out of SS.  Not to mention the flexibility I would gain in my ER plans.

KittyCat

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Re: Overheard at Work
« Reply #10481 on: September 11, 2015, 11:14:33 AM »
I'm sitting there mentally counting down from $270... waiting for the "well, I'm in the hole for the month now" conversation that we usually have around the 20th to start...
That must make for an amusing activity :)

KittyCat

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Re: Overheard at Work
« Reply #10482 on: September 11, 2015, 11:17:39 AM »
I have a co-worker who has a very nice late model RAM 1500 Laramie. His wife, who doesn't work, sits in it and lets it idle, or drives around on base going to Dunkin Donuts in gym clothes, multiple trips daily. Meanwhile, CW complains that the gee-dunk assorted nuts packets cost too much at $1. Then he asked me for a $10 loan to buy lunch from the BBQ truck. I said NO. He said $9.50. Shook my head. $8.40. Told him I wasn't going to bargain to loan him money. I told him that stop letting your wife idle the truck most of the day but he didn't get it.
Bargaining to get you to loan money. Wow, that'd make me uncomfortable =x

ThePFBCoach

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Re: Overheard at Work
« Reply #10483 on: September 11, 2015, 11:47:02 AM »
I have a co-worker who has a very nice late model RAM 1500 Laramie. His wife, who doesn't work, sits in it and lets it idle, or drives around on base going to Dunkin Donuts in gym clothes, multiple trips daily. Meanwhile, CW complains that the gee-dunk assorted nuts packets cost too much at $1. Then he asked me for a $10 loan to buy lunch from the BBQ truck. I said NO. He said $9.50. Shook my head. $8.40. Told him I wasn't going to bargain to loan him money. I told him that stop letting your wife idle the truck most of the day but he didn't get it.
Bargaining to get you to loan money. Wow, that'd make me uncomfortable =x

My 18 year old brother-in-law tries to bargain with me to lend him money.  He had a terrible habit of over drawing his checking account so his parents took matters into their own hands and took over his account.  Now he gets a set amount every Sunday based on what he and his parents agree on with his budget.  It's great that they are forcing him to save a portion of his paycheck for retirement, school, insurance, gas, etc. but I can't count the number of times he calls me on Friday asking for $20 to get him through the weekend.  When I tell him no, he always offers to pay me back double when he gets his money for the following week on Sunday.  He could easily tell his parents he needs an extra $20 from his account to get him through the weekend, but when they ask where his money for the week went, he doesn't want to tell them he blew it on pot.  So he sits at home bored all weekend instead.
Beer taste on a champagne budget.

KittyCat

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Re: Overheard at Work
« Reply #10484 on: September 11, 2015, 11:57:19 AM »
My 18 year old brother-in-law tries to bargain with me to lend him money.  He had a terrible habit of over drawing his checking account so his parents took matters into their own hands and took over his account.  Now he gets a set amount every Sunday based on what he and his parents agree on with his budget.  It's great that they are forcing him to save a portion of his paycheck for retirement, school, insurance, gas, etc. but I can't count the number of times he calls me on Friday asking for $20 to get him through the weekend.  When I tell him no, he always offers to pay me back double when he gets his money for the following week on Sunday.  He could easily tell his parents he needs an extra $20 from his account to get him through the weekend, but when they ask where his money for the week went, he doesn't want to tell them he blew it on pot.  So he sits at home bored all weekend instead.

I wonder if he'll stop asking you at some point (if he hasn't already) seeing that you've been unwilling thus far. Kudos to the parents though; they're saving his life from becoming a complete mess!

MgoSam

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Re: Overheard at Work
« Reply #10485 on: September 11, 2015, 12:25:13 PM »
A day or two ago I heard two of my coworkers discussing stocks in the neighboring cube.

CW1: Have you seen X stock recently?  It's a disaster.
CW2: Is it? *checks online* $@&%, I bought a bunch of those the other day.
CW1: I'd get rid of it if I were you.  Put the money into something better.
CW2: I don't really know what to do, should I just throw it into an index or something?
Me: That's where I put most of my money.
CW2: *mumbles something about indexes having low returns

WTF?!? If you know you don't know what you're doing, then indexes are exactly what you should do!  I usually figure they're finance analysts and enjoy it, so they're in theory qualified to be dabbling in the markets, but this is just plain stupid.

Is it an age thing? I was at a trade show this week and a bunch of other exhibitors were grumbling about their stocks and when I mentioned that index funds might be where to go, they nearly laughed me out of the room. Most of the people are twice my age and likely just thought I was a young idiot. My thought is that they might have it reversed as I will hit FIRE in 10 years, meanwhile they are 60+ and still working (and they aren't working because they just love it, if you know what I mean).

Pooplips

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Re: Overheard at Work
« Reply #10486 on: September 11, 2015, 12:32:21 PM »
I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.

But...why??? Why would anyone blast the A/C with the windows down???

My MIL blasts the AC in her house and leaves that back door open to easily get out to the patio and back.

bsmith

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Re: Overheard at Work
« Reply #10487 on: September 11, 2015, 12:42:25 PM »
Quote
Quote from: NumberCruncher on Today at 07:16:24 AM

    Quote from: tanzee on Today at 05:46:55 AM

        I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


    But...why??? Why would anyone blast the A/C with the windows down???

I've actually heard people say that it's because the A/C in a vehicle works just as hard whether the windows are up or down. It doesn't shut off when it reaches a certain temp. It's ridiculous, but some people like to have "fresh air" with their cool air.

JLee

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Re: Overheard at Work
« Reply #10488 on: September 11, 2015, 12:51:20 PM »
Quote
Quote from: NumberCruncher on Today at 07:16:24 AM

    Quote from: tanzee on Today at 05:46:55 AM

        I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


    But...why??? Why would anyone blast the A/C with the windows down???

I've actually heard people say that it's because the A/C in a vehicle works just as hard whether the windows are up or down. It doesn't shut off when it reaches a certain temp. It's ridiculous, but some people like to have "fresh air" with their cool air.

If I'm in a cold place, I'll often have the heat on in the car and windows open too. Heat is effectively free, though.

My AC works just hard enough to maintain a certain temp, but I have a facepunchworthy-fancypants-clownmobile. :)

runningthroughFIRE

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Re: Overheard at Work
« Reply #10489 on: September 11, 2015, 01:51:23 PM »
A day or two ago I heard two of my coworkers discussing stocks in the neighboring cube.

CW1: Have you seen X stock recently?  It's a disaster.
CW2: Is it? *checks online* $@&%, I bought a bunch of those the other day.
CW1: I'd get rid of it if I were you.  Put the money into something better.
CW2: I don't really know what to do, should I just throw it into an index or something?
Me: That's where I put most of my money.
CW2: *mumbles something about indexes having low returns

WTF?!? If you know you don't know what you're doing, then indexes are exactly what you should do!  I usually figure they're finance analysts and enjoy it, so they're in theory qualified to be dabbling in the markets, but this is just plain stupid.

Is it an age thing? I was at a trade show this week and a bunch of other exhibitors were grumbling about their stocks and when I mentioned that index funds might be where to go, they nearly laughed me out of the room. Most of the people are twice my age and likely just thought I was a young idiot. My thought is that they might have it reversed as I will hit FIRE in 10 years, meanwhile they are 60+ and still working (and they aren't working because they just love it, if you know what I mean).

Nope, not an age thing at all.  I'm the youngest in my department at 22, but these two are only 2 or 3 years older than I am.  I can understand goofing off in the markets with individual stocks if you enjoy it as a hobby and don't expect any real gains from it, but sadly that isn't the case here.  Who knows, maybe they're secretly raking it in.  I'll sleep nice and cozy with the knowledge that satistics is on my side.

mm1970

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Re: Overheard at Work
« Reply #10490 on: September 11, 2015, 02:08:26 PM »
One of my coworkers -- I can scarcely get through a day without there being something that you guys would enjoy.

Since my last post here, she has gotten engaged, so that's fun.  She talked for a few weeks about getting married in a local park, something simple and inexpensive.  Chafed at the idea that if she wanted to have a specific area of the park reserved on a specific day, she'd have to pay the parks department a reservation fee of around $250.  Then she toured a venue two hours away one weekend, and came back talking about how it was not a good deal at all.  $2,500 for the day and it's a long drive and they don't even handle the food, it's just a big field.  Compared to that, it seemed like such a better deal to hold the wedding and reception at this local restaurant/hotel, where it would only cost $4,000 including an appetizer bar (but not including the alcohol, of which there will surely be highly marked-up rivers).  So she booked that one.

The dress, kind of the same thing.  Lots of talk about how she wanted something simple and inexpensive. Then  she went dress shopping at bridal stores -- the kind that don't stock a single simple or inexpensive item.  She tried on a dress that she thought was ugly on her and it cost $2,000, so compared to that, the one that she liked better was a BARGAIN at $1,400 and she just had to buy it on the spot.

And then there was this week:

Monday, she was whining that she had gone overboard on both Friday and Saturday, spending well over $200 in bars over the course of the weekend, and now she was so broke she had only $270 left (after bills) to get through the rest of the month.  We have a similar conversation every month, but usually not until at least the 12th.  This was the 7th.

Tuesday, she whined that she was "forced" to go out to happy hour the night before because a friend needed to talk, and they stayed out late enough that it came dinner time and then she "had" to eat dinner there at the bar as well, and she's trying to cut back on that sort of thing but it's so HARD.

Wednesday, not much money talk but she did go out to buy one of her usual $10 lunches and make horrified faces at my homemade burrito.

Thursday (today), she took delivery of a food processor that she ordered online so that she could try out a trendy new recipe, but not this weekend because she's going camping with her fiance, and her big plan tonight was a shopping trip to stock up on all the yummy processed foods they might want to eat as camping treats. 

I'm sitting there mentally counting down from $270... waiting for the "well, I'm in the hole for the month now" conversation that we usually have around the 20th to start...
I'm reading this while eating my homemade salad for lunch (with "whatever I had left", meaning lettuce, beets, almonds, peppers, tomatoes, and homemade dressing).

But I REALLY wish I had popcorn.  This was popcorn worthy!

bsmith

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Re: Overheard at Work
« Reply #10491 on: September 11, 2015, 02:13:30 PM »
Quote
Quote from: bsmith on Today at 12:42:25 PM

    Quote

        Quote from: NumberCruncher on Today at 07:16:24 AM

            Quote from: tanzee on Today at 05:46:55 AM

                I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


            But...why??? Why would anyone blast the A/C with the windows down???


    I've actually heard people say that it's because the A/C in a vehicle works just as hard whether the windows are up or down. It doesn't shut off when it reaches a certain temp. It's ridiculous, but some people like to have "fresh air" with their cool air.


If I'm in a cold place, I'll often have the heat on in the car and windows open too. Heat is effectively free, though.

My AC works just hard enough to maintain a certain temp, but I have a facepunchworthy-fancypants-clownmobile. :)

Facepunch! You're weak.

dragoncar

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Re: Overheard at Work
« Reply #10492 on: September 11, 2015, 04:04:24 PM »
Quote
Quote from: NumberCruncher on Today at 07:16:24 AM

    Quote from: tanzee on Today at 05:46:55 AM

        I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


    But...why??? Why would anyone blast the A/C with the windows down???

I've actually heard people say that it's because the A/C in a vehicle works just as hard whether the windows are up or down. It doesn't shut off when it reaches a certain temp. It's ridiculous, but some people like to have "fresh air" with their cool air.

I guess that's true if you don't have an automatic system, and you're too lazy to adjust the AC as needed (i.e., turn it down when the cabin is cool).  But most AC systems DO use outside air anyways -- only the "MAX AC" setting sets the air to recirculate in the cabin.  Always thought that was a waste, so I usually mannualy set recirculation if I'm running the AC

agent_clone

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Re: Overheard at Work
« Reply #10493 on: September 11, 2015, 07:24:27 PM »
Quote
Quote from: NumberCruncher on Today at 07:16:24 AM

    Quote from: tanzee on Today at 05:46:55 AM

        I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


    But...why??? Why would anyone blast the A/C with the windows down???

I've actually heard people say that it's because the A/C in a vehicle works just as hard whether the windows are up or down. It doesn't shut off when it reaches a certain temp. It's ridiculous, but some people like to have "fresh air" with their cool air.

I guess that's true if you don't have an automatic system, and you're too lazy to adjust the AC as needed (i.e., turn it down when the cabin is cool).  But most AC systems DO use outside air anyways -- only the "MAX AC" setting sets the air to recirculate in the cabin.  Always thought that was a waste, so I usually mannualy set recirculation if I'm running the AC
My car has a slider bar to set it to pull air from the outside vs recirculating it.  But yeah, its easy enough to adjust the temperatures of the AC as it either cools down or heats up over time... I know I do, for that matter often just adjusting the dial for level of airflow helps...

gimp

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Re: Overheard at Work
« Reply #10494 on: September 11, 2015, 07:44:32 PM »
Quote
Quote from: bsmith on Today at 12:42:25 PM
If I'm in a cold place, I'll often have the heat on in the car and windows open too. Heat is effectively free, though.


Facepunch! You're weak.

Heat is essentially free. I have definitely turned the heat on a little with windows open - you know those warm summer night drives, where at 2 am it dips to 60; the open windows feel so good, but the cold starts to get through to the bone? It's pretty nice to turn the heat on.

Not AC and windows, though.

Hedge_87

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Re: Overheard at Work
« Reply #10495 on: September 11, 2015, 07:52:33 PM »
Quote
Quote from: NumberCruncher on Today at 07:16:24 AM

    Quote from: tanzee on Today at 05:46:55 AM

        I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


    But...why??? Why would anyone blast the A/C with the windows down???

I've actually heard people say that it's because the A/C in a vehicle works just as hard whether the windows are up or down. It doesn't shut off when it reaches a certain temp. It's ridiculous, but some people like to have "fresh air" with their cool air.

I guess that's true if you don't have an automatic system, and you're too lazy to adjust the AC as needed (i.e., turn it down when the cabin is cool).  But most AC systems DO use outside air anyways -- only the "MAX AC" setting sets the air to recirculate in the cabin.  Always thought that was a waste, so I usually mannualy set recirculation if I'm running the AC
My car has a slider bar to set it to pull air from the outside vs recirculating it.  But yeah, its easy enough to adjust the temperatures of the AC as it either cools down or heats up over time... I know I do, for that matter often just adjusting the dial for level of airflow helps...
My slider bar is broke so it takes reaching way underneath the dash to change it (not safe while the vehicle is in motion ) so it stays on recirculating all the time unless I open the windows.
There are two types of people in this world. Those who think they can and those who think they can't. They are both right. - Henry ford

bsmith

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Re: Overheard at Work
« Reply #10496 on: September 11, 2015, 08:44:52 PM »
The facepunch was for the fancypants clown car.

firelight

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Re: Overheard at Work
« Reply #10497 on: September 11, 2015, 10:16:58 PM »
Quote
Quote from: tanzee on Today at 05:46:55 AM

    I once had a co-worker who I liked and respected. But he had this massive, brand-new, extended cab pickup.  We would drive to job sites in it and he would blast the AC with the windows down on 85 degree days (not that hot, as far as I'm concerned).  Then he would complain about the price of filling his tank and his car payment.  Definitely had to bite my tongue on that one.  He was a really good guy, but we definitely had different values systems.  Luckily, I was able to have a conversation with him once where I explained the dangers of buying individual stocks, versus buying index funds.  He seemed really receptive, which I was pretty excited about.


I have a co-worker who has a very nice late model RAM 1500 Laramie. His wife, who doesn't work, sits in it and lets it idle, or drives around on base going to Dunkin Donuts in gym clothes, multiple trips daily. Meanwhile, CW complains that the gee-dunk assorted nuts packets cost too much at $1. Then he asked me for a $10 loan to buy lunch from the BBQ truck. I said NO. He said $9.50. Shook my head. $8.40. Told him I wasn't going to bargain to loan him money. I told him that stop letting your wife idle the truck most of the day but he didn't get it.

I walked to the bank the other day and had to go through an office parking lot. In the back, empty part, next to a wooded lot, there was one lone truck, running. I caught a quick glance through the window and saw a body (!) but then I realized it was someone taking a nap with the truck running, during their lunch hour. The truck was still running when I left the bank.
Not sure why that truck owner had the engine on but I've done it a few times  before. In my defense, I was pregnant and needed a place to rest. Though I was parked in the shade of a tree, since the outside climate was 100+, I ran the AC for the 30 minutes I was in the car resting. Did I waste fuel? Yep! Can I have found somewhere else to where I'd have had to trek my prego body so I can avoid this? Maybe but it would have cut in on my resting time. Will I do it again? Yep! Those 30 minutes were a life saver for me to work through the rest of my day without straining myself.

So not everything is about money.

jordanread

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Re: Overheard at Work
« Reply #10498 on: September 11, 2015, 11:26:43 PM »
[...]
So not everything is about money.

We here are more about thinking things through. If running the AC was that big of a deal while pregnant (and you thought it through), more power to you. If you drive a truck for no reason, just imagine I said something super mean and feel bad about being you. ;)
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NoraLenderbee

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Re: Overheard at Work
« Reply #10499 on: September 11, 2015, 11:35:29 PM »
Also the account that I was to buy it from has money sitting around idle in it and the old head doesn't like that because he's afraid that if we don't buy something on the account soon someone will think that we don't want or need the money that we're not using or spending. Therefore to show the world how much we need that money he plans to spend some of it on things that we definitely don't need.

Is this a real concern? If idle money sits too long does someone cut back the department funding?

I know at some companies if you don't spend all the money they give your department then you get less funding the next year. Mostly because plenty of other departments will claim to not have enough funding so some of your department's funds will be allocated to them instead. You reach equilibrium once everyone claims to be underfunded.

This is how it works in a school district. Use it or lose it and see your budget get slashed next year.

And this is how it works in the military.  I've got some stories about how our budget was consumed near the end of a quarter that would make the average 'fiscal conservative' taxpayer think very hard about defense being exempt from budget cuts.

Yep. Our highly chief would make a point to buy new chairs/desks for everyone in the shop if there was money left over at the end of the year. It was really enlightening.

It's not just government; this happens in corporations, too. If you didn't spend part of your budget--no matter what the reason--that "proves" you didn't need it and so you get less next year. Doesn't matter if the workload is going up, either.
« Last Edit: September 11, 2015, 11:40:32 PM by NoraLenderbee »