Author Topic: Overheard at Work  (Read 5290164 times)

kpd905

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Re: Overheard at Work
« Reply #6100 on: December 21, 2014, 09:11:54 AM »
100% match?!?! Only putting in $500 a month?!?! (MIND EXPLODES) I think I'm cutting a fat hog at 6% match.

Yeah he fully acknowledged how much they were missing out on.  I just could not convince him to do anything about it.
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Lookilu

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Re: Overheard at Work
« Reply #6101 on: December 21, 2014, 09:39:15 AM »
My former workplace was a goldmine of tragicomedy.

After receiving her first paycheck, one  of our new admin assistants went to the local 'outlet' mall and purchased: a pair of sunglasses that cost her entire paycheck (around $600). I did not know that sunglasses--even with a designer label--could cost that much unless they granted the wearer x-ray vision.

As I sat there, stunned, the rest of the admin assistants congratulated her on making such a smart buy.

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Re: Overheard at Work
« Reply #6102 on: December 21, 2014, 09:49:05 AM »
My former workplace was a goldmine of tragicomedy.

After receiving her first paycheck, one  of our new admin assistants went to the local 'outlet' mall and purchased: a pair of sunglasses that cost her entire paycheck (around $600). I did not know that sunglasses--even with a designer label--could cost that much unless they granted the wearer x-ray vision.

As I sat there, stunned, the rest of the admin assistants congratulated her on making such a smart buy.
just for sun or actual sight correctoin?
If its the sight correction you can get easily above that.

Emilyngh

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Re: Overheard at Work
« Reply #6103 on: December 21, 2014, 09:56:58 AM »
My former workplace was a goldmine of tragicomedy.

After receiving her first paycheck, one  of our new admin assistants went to the local 'outlet' mall and purchased: a pair of sunglasses that cost her entire paycheck (around $600). I did not know that sunglasses--even with a designer label--could cost that much unless they granted the wearer x-ray vision.

As I sat there, stunned, the rest of the admin assistants congratulated her on making such a smart buy.
just for sun or actual sight correctoin?
If its the sight correction you can get easily above that.

And you can easily get below that as well, even if for correction.   I got my prescription sunglasses from Zenni for less than $30, and I have horrible eyes and serious prescription.

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Re: Overheard at Work
« Reply #6104 on: December 21, 2014, 12:57:50 PM »
Well, I got called a "minimalist" at work today. It actually hurt more than I thought. My mental strength just isn't what I thought it was. I have had to defend myself before or deflect some thing before, but this one hurt because it was nonchalant and not actually spoken directly to me.

Been there - first from family, then from friends.  Definitely hurt the first time around because I thought we were living a good life, but being smart with purchases.  Funny part is that I now think we have way too much stuff and need to streamline what we already own. 

With recent knowledge, I agree with the poster who would 100% owe up to it.  It is our identity - buy what you need and what makes you happy, forget the rest. 

MgoSam

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Re: Overheard at Work
« Reply #6105 on: December 21, 2014, 01:09:05 PM »
Well, I got called a "minimalist" at work today. It actually hurt more than I thought. My mental strength just isn't what I thought it was. I have had to defend myself before or deflect some thing before, but this one hurt because it was nonchalant and not actually spoken directly to me.

Been there - first from family, then from friends.  Definitely hurt the first time around because I thought we were living a good life, but being smart with purchases.  Funny part is that I now think we have way too much stuff and need to streamline what we already own. 

With recent knowledge, I agree with the poster who would 100% owe up to it.  It is our identity - buy what you need and what makes you happy, forget the rest.

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Re: Overheard at Work
« Reply #6106 on: December 21, 2014, 01:42:31 PM »
Well, I got called a "minimalist" at work today. It actually hurt more than I thought. My mental strength just isn't what I thought it was. I have had to defend myself before or deflect some thing before, but this one hurt because it was nonchalant and not actually spoken directly to me.
..

Someone attributed to Eleanor Roosevelt that for something to bother you, YOU had to believe some of it is true. My question would be, if you are a minimalist, why would it bother you to be called one?

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Re: Overheard at Work
« Reply #6107 on: December 21, 2014, 01:48:11 PM »
Helped a person at my work shop for and buy a new couch to replace his old one (part of purging his home after a bedbug thing - ick).  We had a truck so we helped him.  Small budget, but we found him a dirt cheap, nice enough new couch and chair for $450.  He asks to borrow the extra money, and one of my coworkers lends it to him.

IMMEDIATELY after borrowing the money we go for lunch at a Subway (I know, but it was a social context and I was prepared to drop $2 on a veggie sub).  Mr. Bigshot, who just borrowed $125 from my coworker to pay for the couch we were all helping him to acquire, magnanimously pays for everybody's sub.  I almost fell over from shock.  Desperate need of a facepunch, and to be honest I'm surprised that the guy who loaned him the cash didn't in fact smack him.

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Re: Overheard at Work
« Reply #6108 on: December 21, 2014, 02:23:00 PM »
Well, I got called a "minimalist" at work today. It actually hurt more than I thought. My mental strength just isn't what I thought it was. I have had to defend myself before or deflect some thing before, but this one hurt because it was nonchalant and not actually spoken directly to me.
..

Someone attributed to Eleanor Roosevelt that for something to bother you, YOU had to believe some of it is true. My question would be, if you are a minimalist, why would it bother you to be called one?

It was the snarky tone used when making the comment.  A combination of "Are you having money issues?", "You're weird", and "You don't understand society expectations" all rolled into one statement.  Being it was initially from family, I was floored - we weren't a flashy family but since DH and I had good jobs, I think there was some expectation of lifestyle inflation that we were not achieving.  So I would agree with the Roosevelt comparison, part of me wondered if there was something wrong with me.  Fortunately DH is stubborn and embraced it as a compliment.  This was way pre-MMM, so the groundwork was already forming. 

Lookilu

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Re: Overheard at Work
« Reply #6109 on: December 21, 2014, 02:34:11 PM »
My former workplace was a goldmine of tragicomedy.

After receiving her first paycheck, one  of our new admin assistants went to the local 'outlet' mall and purchased: a pair of sunglasses that cost her entire paycheck (around $600). I did not know that sunglasses--even with a designer label--could cost that much unless they granted the wearer x-ray vision.

As I sat there, stunned, the rest of the admin assistants congratulated her on making such a smart buy.

just for sun or actual sight correctoin?
If its the sight correction you can get easily above that.

And you can easily get below that as well, even if for correction.   I got my prescription sunglasses from Zenni for less than $30, and I have horrible eyes and serious prescription.

Nope. Not prescription lenses. Just to be "fashionable." Meanwhile, she was holding her work trousers together with safety pins.

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Re: Overheard at Work
« Reply #6110 on: December 21, 2014, 02:52:25 PM »
Anyone else notice that this thread has made it past 1 million views?

Wowzers.
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Pooperman

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Re: Overheard at Work
« Reply #6111 on: December 21, 2014, 04:12:55 PM »
Anyone else notice that this thread has made it past 1 million views?

Wowzers.

This thread can RE. :D

HappierAtHome

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Re: Overheard at Work
« Reply #6112 on: December 21, 2014, 06:22:08 PM »
Listened to a ten minute long rant about the incompetence of a pool cleaning company :-/

People with super spendy lives sure seem to have a lot to complain about.

Goldielocks

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Re: Overheard at Work
« Reply #6113 on: December 21, 2014, 06:48:34 PM »
So, I finally have a story.  My supervisor took a bunch of us out to lunch at a nice sushi place, and somehow money came up in the conversation.  One of the fellows said something like "even if you got a million dollars you couldn't retire - the interest isn't enough to live on and with the way inflation is, it'll be worth less and less as time goes on".  So I asked him how much interest he figured you'd get, and he said 'about 50k yearly'.  So I asked him how much he was living on per year.  He didn't answer, but here's the punchline; we're all engineering grad students (masters or PhD).  NONE of us are making over 20K per year, except the prof.  Take away tuition and I'd be surprised if we're clearing 12K (of course almost no taxes...).  This guy doesn't own a car and lives with roommates to save money.  But somehow he hasn't figured out the logic here.  Hilarious.  On the plus side, when I finish, I figure I can live a posh life on 20k per year...

That's a perfect teachable moment.  If he's at that stage in life, he's clearly just parroting things he's heard about it not being enough to live on.. so you can tell him that, believe it or not, that 40-50k annually is enough (and in fact, is what the median household lives on).

Perfect!  I was just chatting with my Dad, today, who recently turned 72, and has to now make mandatory RRSP withdrawls (on top of his pension).  He mentioned that although he was making >$300k, Gross, in his final years as an airline Pilot, and bringing home 44% of that total, he and my mom now spend for their day to day lives only $40k per year as retirees (plus elective travel they can cancel at any time.)  This includes the utilities, top shelf insurance, two newish vehicles including a F250, and a large expensive house to maintain.

So -- someone who used to make a TON of money, has discovered the truth -- without even trying, they have a lifestyle of $40k per year, (with a paid off house).   A typical challenge is deciding what to do with their money.

And, he still works a side business as a carpenter (cabinet maker) for the enjoyment of it, and likely brings in $30k a year, net, in income.

Metta

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Re: Overheard at Work
« Reply #6114 on: December 21, 2014, 06:56:55 PM »
Listened to a ten minute long rant about the incompetence of a pool cleaning company :-/

People with super spendy lives sure seem to have a lot to complain about.

It is so true. Their lives are endlessly complicated by the evil machinations or incompetence of their hired help and contractors. :)


DSKla

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Re: Overheard at Work
« Reply #6115 on: December 21, 2014, 07:04:30 PM »
Listened to a ten minute long rant about the incompetence of a pool cleaning company :-/

People with super spendy lives sure seem to have a lot to complain about.
I can't find it now, but this reminds me of an example Nassim Taleb gave where people who paid a great deal of money to fly first-class complained about every little inconvenience in the food, seats, service,metc, whereas those who flew coach were laughing and drinking beers without a care. He concluded that the only way to enjoy being wealthy is never to spend it.
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dragoncar

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Re: Overheard at Work
« Reply #6116 on: December 22, 2014, 12:04:56 AM »
Anyone else notice that this thread has made it past 1 million views?

Wowzers.

This thread can RE. :D

No way, that's only like 50k views per year.  Nobody can live on that.

auntie_betty

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Re: Overheard at Work
« Reply #6117 on: December 22, 2014, 06:07:18 AM »
100% match?!?! Only putting in $500 a month?!?! (MIND EXPLODES) I think I'm cutting a fat hog at 6% match.

In order to share the pain from the UK - what is the IRS max? I don't think I'm going to like the answer!
« Last Edit: December 22, 2014, 02:28:28 PM by gallygirl »

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Re: Overheard at Work
« Reply #6118 on: December 22, 2014, 06:52:51 AM »
100% match?!?! Only putting in $500 a month?!?! (MIND EXPLODES) I think I'm cutting a fat hog at 6% match.

In order to share the pain from the UK - what is the IRS max? I don't thunk I'm going to like the answer!

$17,500 in 2014...
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Paul der Krake

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Re: Overheard at Work
« Reply #6119 on: December 22, 2014, 07:09:39 AM »
To make it even worse, this guy's wife has a 100% match up to the IRS maximum on her 401k, and they are only putting in about $500/month.
Care to share the employer's name? Are they hiring?

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Re: Overheard at Work
« Reply #6120 on: December 22, 2014, 08:22:57 AM »
Care to share the employer's name? Are they hiring?
No shit! I've had a few jobs with what I thought were decent bennies, but I don't think I've ever seen a match over 6%. TSP only matches 1-to-1 on the first 3% and half up to 5%.

I'd suck up some serious pain to get a deal that sweet.
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merula

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Re: Overheard at Work
« Reply #6121 on: December 22, 2014, 08:35:42 AM »
I'm confused. I was thinking a 6% match meant "My employer will match what I put in dollar-for-dollar up to 6% of my salary." So 100% match isn't 94% better than a 6% match; it'd be something around 11% better on a $100,000 salary. Still, $11,500 tax-free is nothing to scoff at.

On topic: my in-laws moved 10 blocks away from me to be closer to the grandkids. They ROUTINELY drive those 10 blocks. Not only that, they bought an SUV "to make it easier to fit the carseats". They drive my kids places MAYBE once a month.

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Overheard at Work
« Reply #6122 on: December 22, 2014, 08:36:48 AM »
Well, I got called a "minimalist" at work today. It actually hurt more than I thought. My mental strength just isn't what I thought it was. I have had to defend myself before or deflect some thing before, but this one hurt because it was nonchalant and not actually spoken directly to me.

Treat it as a compliment. Own it. Teach it. Be the change you want to see in the world.

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Re: Overheard at Work
« Reply #6123 on: December 22, 2014, 08:47:15 AM »
Had a former student who was back visiting brag about how stupid his cell phone company was because, despite being two months behind on his cell phone bill, only the "main line" for the account had been shut off, but his was still active.  He proudly declared that since he didn't have the money to pay his cell phone bill out of either of his last two paychecks, he'd bought Christmas presents with them instead of saving it to pay off his bill. Generational poverty makes my head hurt.

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Re: Overheard at Work
« Reply #6124 on: December 22, 2014, 08:58:19 AM »
100% match?!?! Only putting in $500 a month?!?! (MIND EXPLODES) I think I'm cutting a fat hog at 6% match.

In order to share the pain from the UK - what is the IRS max? I don't thunk I'm going to like the answer!

$17,500 in 2014...

And $18k for next year.  One more week and I can revamp all my auto-investments for 2015.

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Re: Overheard at Work
« Reply #6125 on: December 22, 2014, 11:43:17 AM »
Care to share the employer's name? Are they hiring?
No shit! I've had a few jobs with what I thought were decent bennies, but I don't think I've ever seen a match over 6%. TSP only matches 1-to-1 on the first 3% and half up to 5%.

I'd suck up some serious pain to get a deal that sweet.

DW gets a match up to 5%.  If you hit 5% they throw an extra 3% on top of that.  So she gets 8% for her 5%.  It's pretty sweet but it's a government job so the rest of the benefits package is pretty good as well.

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Re: Overheard at Work
« Reply #6126 on: December 22, 2014, 12:07:21 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

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Re: Overheard at Work
« Reply #6127 on: December 22, 2014, 12:16:09 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

Sounds like she is getting ready to file for divorce.

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Re: Overheard at Work
« Reply #6128 on: December 22, 2014, 12:16:57 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?
Wow, that's terrifying.  That's a sign of some *serious* issues.

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Re: Overheard at Work
« Reply #6129 on: December 22, 2014, 12:19:15 PM »
We challenge each other for 100$ expenses, I would bring it back to the dealer in a blink!
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vivophoenix

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Re: Overheard at Work
« Reply #6130 on: December 22, 2014, 12:20:00 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?
[/quoti wonder if she used the 'household' income to qualify for it.

if she works part time,  i doubt the dealership let her buy this brand new car with credit alone.

either way that bad boy would be going back. and i would seriously consider divorce. this is mroe than just the money. its about trust and thinking about the family as well

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Re: Overheard at Work
« Reply #6131 on: December 22, 2014, 12:22:12 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?
Agree.  That is some serious communication problem going on!

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Re: Overheard at Work
« Reply #6132 on: December 22, 2014, 12:50:38 PM »

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Re: Overheard at Work
« Reply #6133 on: December 22, 2014, 01:38:45 PM »
So, SO and I went to the local social security office to take care of stuff from our recent move. While sitting with the very nice lady putting the numbers into the computer for us, a couple things happened. First, a person behind us was complaining about overdraft fees of $35 each, and said it was the 3rd or 4th time it had happened recently because he didn't get enough money. The other thing was that I had to tell the woman I lost my job earlier this year and she asked how I paid for it. I told her savings (5 months of not being employed). She was a little shocked by that, but then she asked how much I had in my bank account, and I said 6.5k. She was super surprised by that given that SO and I recently moved, I was unemployed for 5 months this year, and somehow made it through without any debt whatsoever.

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Re: Overheard at Work
« Reply #6134 on: December 22, 2014, 01:58:20 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

If I were him, I'd tell her she better like sleeping in the car. 

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Re: Overheard at Work
« Reply #6135 on: December 22, 2014, 02:24:07 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

If I were him, I'd tell her she better like sleeping in the car.

wah! XD

she can get some cloths and stuff in that roomy car as well. finaly, 37K is not to bad for a place to live
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auntie_betty

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Re: Overheard at Work
« Reply #6136 on: December 22, 2014, 02:27:50 PM »
100% match?!?! Only putting in $500 a month?!?! (MIND EXPLODES) I think I'm cutting a fat hog at 6% match.

In order to share the pain from the UK - what is the IRS max? I don't thunk I'm going to like the answer!

$17,500 in 2014...

And $18k for next year.  One more week and I can revamp all my auto-investments for 2015.
Oh. That's all, just Oh.

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Re: Overheard at Work
« Reply #6137 on: December 22, 2014, 02:46:51 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

If I were him, I'd tell her she better like sleeping in the car.

wah! XD

she can get some cloths and stuff in that roomy car as well. finaly, 37K is not to bad for a place to live

Right, a tiny house costs 5K more!!!

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Re: Overheard at Work
« Reply #6138 on: December 22, 2014, 02:57:07 PM »
On topic: my in-laws moved 10 blocks away from me to be closer to the grandkids. They ROUTINELY drive those 10 blocks. Not only that, they bought an SUV "to make it easier to fit the carseats". They drive my kids places MAYBE once a month.
I feel sad whenever I hear something like this.  In many cases, I honestly don't think it's about the money or the car.  I think grandparents will do just about anything to spend more time with their grandkids and they want to remove any possible objection ahead of time. 
I think a lot of people spend many years believing "someday, my life will be better and everyone will love me and want to spend time with me".  Sometimes material things fill those voids, and sometimes material things are used to entice others to spend time with them.  Either way, it's sad.  Consider giving your in-laws a specific job that requires time with your kids.  Ask them to bring your kids to the park every Thursday, or have game day every other Friday night, or Library day once per month.  Anything that makes them feel useful will typically mean that they spend less money trying to fill a void and more time feeling better about themselves.
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Goldielocks

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Re: Overheard at Work
« Reply #6139 on: December 22, 2014, 04:49:34 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

I have seen how spouses with low income can indeed get large loans, but if I were the bank, I would insist that the persons with the income backing the loan are required to sign.

Why is it so easy for spouses without personal income to be qualified for such large loans based on their credit rating only?

Rural

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Re: Overheard at Work
« Reply #6140 on: December 22, 2014, 05:31:32 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

I have seen how spouses with low income can indeed get large loans, but if I were the bank, I would insist that the persons with the income backing the loan are required to sign.

Why is it so easy for spouses without personal income to be qualified for such large loans based on their credit rating only?


Because a married person is half of a legal economic unit. Why is this a question? They aren't qualifying on "credit rating only"; they're qualifying on their joint income, same as the other spouse would.

Goldielocks

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Re: Overheard at Work
« Reply #6141 on: December 22, 2014, 07:33:05 PM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?


I have seen how spouses with low income can indeed get large loans, but if I were the bank, I would insist that the persons with the income backing the loan are required to sign.

Why is it so easy for spouses without personal income to be qualified for such large loans based on their credit rating only?


Because a married person is half of a legal economic unit. Why is this a question? They aren't qualifying on "credit rating only"; they're qualifying on their joint income, same as the other spouse would.
The question then is..how can you qualify on joint income with only one signature?  Mortgages don't work that way, so why do cc and car loans?

Rural

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Re: Overheard at Work
« Reply #6142 on: December 23, 2014, 02:39:24 AM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?


I have seen how spouses with low income can indeed get large loans, but if I were the bank, I would insist that the persons with the income backing the loan are required to sign.

Why is it so easy for spouses without personal income to be qualified for such large loans based on their credit rating only?


Because a married person is half of a legal economic unit. Why is this a question? They aren't qualifying on "credit rating only"; they're qualifying on their joint income, same as the other spouse would.
The question then is..how can you qualify on joint income with only one signature?  Mortgages don't work that way, so why do cc and car loans?


Ah. Fair question, that. Don't know why I didn't see it before.

Sanne

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Re: Overheard at Work
« Reply #6143 on: December 23, 2014, 04:08:12 AM »
We have work weeks of 36 hours (that's normal where I work). This means you have one day off every other week. A co-worker applied to work more, this means he now has to work 5 days every week. He says he likes it better this way, otherwise the 5 day work week seems to long compared to the one with 4 days. So his solution.. to have only 5 day work weeks..
« Last Edit: December 23, 2014, 04:15:55 AM by Sanne »

Timmmy

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Re: Overheard at Work
« Reply #6144 on: December 23, 2014, 06:11:49 AM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

If I were him, I'd tell her she better like sleeping in the car.

wah! XD

she can get some cloths and stuff in that roomy car as well. finaly, 37K is not to bad for a place to live

Comically, 37K is exactly what I paid 6 years ago for my house. 

zephyr911

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Re: Overheard at Work
« Reply #6145 on: December 23, 2014, 06:59:18 AM »
I'm confused. I was thinking a 6% match meant "My employer will match what I put in dollar-for-dollar up to 6% of my salary." So 100% match isn't 94% better than a 6% match; it'd be something around 11% better on a $100,000 salary. Still, $11,500 tax-free is nothing to scoff at.
Would it be better if I said "I've never seen a 100% match on more than 6% of my salary"? :)
The comparison is all in how you do the math. My current employer match tops out at 5% of my base pay, or roughly $4k; $17,500 would be 337% more money.
/digression
Quote
On topic: my in-laws moved 10 blocks away from me to be closer to the grandkids. They ROUTINELY drive those 10 blocks. Not only that, they bought an SUV "to make it easier to fit the carseats". They drive my kids places MAYBE once a month.
UGH. *headdesk* that kind of thinking drives me nucking futs!
« Last Edit: December 23, 2014, 07:01:04 AM by zephyr911 »
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vivophoenix

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Re: Overheard at Work
« Reply #6146 on: December 23, 2014, 06:59:38 AM »
My co-worker is livid.  He went to Germany with his dad for a week.  When he got back, his wife had bought a brand new $37000 Jeep grand Cherokee without telling him she was doing it.  She put it in her name only, but since she is only working 2-3 days a week at minimum wage,the vast majority of the families wages comes from his paycheck. 

If I were him, I'd have her drive it right back to the dealership.  Seriously, who buys a brand new car without at least talking it over with your spouse?!?

is it safe to assume that mortgages require the signature of both financials parties as opposed to a vehicle due to the almost  log difference in price. also its easier to rip that car back should they fall behind in payments.


I have seen how spouses with low income can indeed get large loans, but if I were the bank, I would insist that the persons with the income backing the loan are required to sign.

Why is it so easy for spouses without personal income to be qualified for such large loans based on their credit rating only?


Because a married person is half of a legal economic unit. Why is this a question? They aren't qualifying on "credit rating only"; they're qualifying on their joint income, same as the other spouse would.
The question then is..how can you qualify on joint income with only one signature?  Mortgages don't work that way, so why do cc and car loans?

zephyr911

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Re: Overheard at Work
« Reply #6147 on: December 23, 2014, 07:04:16 AM »
is it safe to assume that mortgages require the signature of both financials parties as opposed to a vehicle due to the almost  log difference in price. also its easier to rip that car back should they fall behind in payments.
Your reply is lost in the quote haze.
The amount shouldn't change the legal principles at play. If qualifying based on joint credit, consent of both parties should be required.
Of course, it's entirely possible they just ran her credit and qualified her based on the joint accounts listed, and car loans generally don't require proof of income so she could easily have given their combined numbers to ensure approval.
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iowajes

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Re: Overheard at Work
« Reply #6148 on: December 23, 2014, 07:51:48 AM »
I'm confused. I was thinking a 6% match meant "My employer will match what I put in dollar-for-dollar up to 6% of my salary." So 100% match isn't 94% better than a 6% match; it'd be something around 11% better on a $100,000 salary. Still, $11,500 tax-free is nothing to scoff at.
Would it be better if I said "I've never seen a 100% match on more than 6% of my salary"? :)
The comparison is all in how you do the math. My current employer match tops out at 5% of my base pay, or roughly $4k; $17,500 would be 337% more money.

My employer puts in 13% and requires employees put in 2%. It isn't really a match, since it is mandatory.
The place I worked before here puts in 10% and requires the employee to put in 5%.

(A previous employer put in 12% without the employee putting in anything. Then they would match an additional 3% if the employee also put in 3%.  However that incredible benefit has eroded over time, and they now put in 6%, and match an additional 3%.)

zephyr911

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Re: Overheard at Work
« Reply #6149 on: December 23, 2014, 08:11:32 AM »
My employer puts in 13% and requires employees put in 2%. It isn't really a match, since it is mandatory.
The place I worked before here puts in 10% and requires the employee to put in 5%.

(A previous employer put in 12% without the employee putting in anything. Then they would match an additional 3% if the employee also put in 3%.  However that incredible benefit has eroded over time, and they now put in 6%, and match an additional 3%.)
I often wonder why they feel the need to complicate things so much. The feds give 1% automatically, full match up to 3%, and 50% match from 3% to 5%. The diminishing returns seem to me like a good excuse to give less. I'd rather they start at 0 and give a full match all the way.
I've never set mine under 5%, usually well above that, but I do think the convoluted match scheme makes it easy to rationalize lower contributions.
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