Author Topic: Overheard at Work  (Read 8771642 times)

AH013

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Re: Overheard at Work
« Reply #6850 on: February 18, 2015, 08:14:38 PM »
This is old, but I still get a kick out of it.

My first summer internship when I was 19, I was getting paid something like $13 an hour. Not mega bucks but excellent experience, and it was in the city my parents lived in so my expenses were zero.

Another intern started at the same time I did. The first Monday after we got our first paychecks, I walked in to the bathroom and saw him washing his hands. He was all excited because with his first paycheck he had gone and bought a TV.

I walked into the stall, and he repeated a few times that it "felt good to blow the money. felt good." I didn't respond, because (1) who talks to you while you're pooping? (2) what do you say to that?

Drop a loud one.  Follow it up with "Felt good to blow THAT.  felt good."

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Re: Overheard at Work
« Reply #6851 on: February 18, 2015, 08:42:59 PM »
This is old, but I still get a kick out of it.

My first summer internship when I was 19, I was getting paid something like $13 an hour. Not mega bucks but excellent experience, and it was in the city my parents lived in so my expenses were zero.

Another intern started at the same time I did. The first Monday after we got our first paychecks, I walked in to the bathroom and saw him washing his hands. He was all excited because with his first paycheck he had gone and bought a TV.

I walked into the stall, and he repeated a few times that it "felt good to blow the money. felt good." I didn't respond, because (1) who talks to you while you're pooping? (2) what do you say to that?

Drop a loud one.  Follow it up with "Felt good to blow THAT.  felt good."

Been a while since I laughed on these forums. Thanks, AH013!

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Re: Overheard at Work
« Reply #6852 on: February 19, 2015, 05:34:32 AM »
So my boss is a huge Manchester united fan. We work in New York. He flies out  to London 3-4 times a year and takes the train up to Manchester to watch a game. By his admission its $1500 to fly there and back, then you add on the cost of the hotels and the game. He only stays the weekend. He spends probably $7500 a year doing this. Antimustachian but still awesome.

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Re: Overheard at Work
« Reply #6853 on: February 19, 2015, 05:43:48 AM »
So my boss is a huge Manchester united fan. We work in New York. He flies out  to London 3-4 times a year and takes the train up to Manchester to watch a game. By his admission its $1500 to fly there and back, then you add on the cost of the hotels and the game. He only stays the weekend. He spends probably $7500 a year doing this. Antimustachian but still awesome.

Awesome? not if he's a manc.


Although it has to be said that I have done something similar in the past when airfares were cheaper and I'd stay with friends or family.

 

MandalayVA

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Re: Overheard at Work
« Reply #6854 on: February 19, 2015, 07:22:03 AM »
So my boss is a huge Manchester united fan. We work in New York. He flies out  to London 3-4 times a year and takes the train up to Manchester to watch a game. By his admission its $1500 to fly there and back, then you add on the cost of the hotels and the game. He only stays the weekend. He spends probably $7500 a year doing this. Antimustachian but still awesome.

I don't like your boss.

/Arsenal fan

:D

shelivesthedream

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Re: Overheard at Work
« Reply #6855 on: February 19, 2015, 07:25:44 AM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.

MishMash

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Re: Overheard at Work
« Reply #6856 on: February 19, 2015, 08:00:47 AM »

Hubs and I both just received simultaneous facepunches in our workplaces this morning.

My VP of FINANCE (mid 50's) just walked up to me and goes "Wow, I've learned more about the 401k system from you in the past week then I ever knew before".  How did this come about you may ask, we are switching our 401k from a super expensive mutual fund company to Vanguard and I asked him if we could 1.  chose our new Vangaurd funds prior to the black out period for transfer and 2.  Would this effect my front loading in any way that I needed to know about....he didn't realize you could contribute 100% of your paycheck to your 401k.

My husbands new COL just called him into the office for counseling (standard in the military).  Due to the nature of his job in the military there is a BIG push to make sure that people in the unit are financially stable both for peace of mind, and to lesser the chance for corruption/bribes etc, financial talk is part of every briefing and counseling pretty much. 

COL "So, is everything OK financially"
DH:  "Yes sir"
COL:  "You know, having savings is an important part of unit and family stability, what are your savings plan for the future"
DH:  "well sir, right now we are front loading my wifes 401k to max it out for the year over the next couple of months, then we will do the same with my TSP (he's heading to a 10month schooling here in a bit so no chance of a deployment again this year)"
COL:  "That's impressive that you can save $5000 dollars in such a short period of time!"
DH:  "Uh, sir, I think you are thinking of the IRA limits of 5500, 401k is 18k this year" (and yes, I think he should have just kept his mouth shut)
COL: *Blink, Blink* "Oh...well what are your other long term goals"
DH:  "Well, we are on plan to hit 7 figures in the next couple of years, after that I will finish out my 20 and then we plan on retiring."
COL:  " So it sounds like you are setting yourself up for an easy transition into your next job, that's great!  Wait...Did you say SEVEN figures?!?!"
DH:  "Yes sir"
COL:  *Blink Blink*  "Uh, ok so I guess I don't have to do these financial discussions with you in the future, you want to write me up a questionnaire of things I SHOULD be asking your coworkers?"
DH:  "Uh, I guess I can put something together"

Yea, pretty sure he just stepped into a pile of something he wants no part of.

You're probably under investigation now.  It's "impossible" to have that much saved up, so expect them to go trawling through all your finances for the last decade trying to figure out when you accepted bribes from North Korea or embezzled from someplace or another.

Sadly, the background investigators already did this...we had to provide ALL documentation on finances for three years before he ever even got accepted into this organization, bank statements, brokerage statements, mortgage, credit cards etc.  They grilled him in his poly as to why he doesn't have a credit card in his name only, I kid you not...not having a credit card raised enough of a red flag to warrant poly questioning.  Now, the funny part is, we actually HAVE credit cards, I just added him to my account when we got married as a second card holder, the two he had in his name had been closed by the companies due to inactivity back in 09 we had found out.  And there were a number of questions on how we accumulated our level of assets I assure you.

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Re: Overheard at Work
« Reply #6857 on: February 19, 2015, 08:32:18 AM »
This isnt really a story any one particular person did that was worth a face punch per se, but pretty interesting:

I'm on a conference call discussing a company we've taken into receivership and as they were discussing one of the employees at the company they were very careful not to "overwhelm" him with extra work because they considered him a flight risk. Why? Because they are under the impression he is financially independent (their words).

It took me back a bit to see just how employers view your financial independence as a bad thing. Then of course I was reminded of the fact that the lady sitting next to me didn't actually NEED her job because her husband makes $500k+ and so when hiring her they gave her the Manager title even though her background didn't warrant it at all, its just that in order to get her on board at the price she wanted, they had to give her the title. I, on the other hand, WAS a manager within the company (but different department) back in the US and they brought me in at a lower level. I partially blame myself for just grabbing the job, but I still believe what they did to me was slimy since if I had transferred departments within the US I would have still been at the manager level (while I agreed to take a step down for a short period of time, a couple weeks after I signed they informed me that it would take a year longer before I could be a manager again).

Moral of the story is that its amazing how when you DON'T need their money, they pay you more and work you less. I'm currently working on my resume for when my contract is up as I don't intend to re-sign haha.

Ive heard similar things. Even not hiring people because their parents are wealthy and they dont "need" to work.
I suggested each time maybe people who dont need to work there would be better and more happy than people who are almost slaves to their need to work there.

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Re: Overheard at Work
« Reply #6858 on: February 19, 2015, 09:35:58 AM »
So my boss is a huge Manchester united fan. We work in New York. He flies out  to London 3-4 times a year and takes the train up to Manchester to watch a game. By his admission its $1500 to fly there and back, then you add on the cost of the hotels and the game. He only stays the weekend. He spends probably $7500 a year doing this. Antimustachian but still awesome.
I hope he's at least collecting the miles for this....

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Re: Overheard at Work
« Reply #6859 on: February 19, 2015, 09:38:01 AM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.
/face palm
I walked a mile to class every weekday freshman year...


This isnt really a story any one particular person did that was worth a face punch per se, but pretty interesting:

I'm on a conference call discussing a company we've taken into receivership and as they were discussing one of the employees at the company they were very careful not to "overwhelm" him with extra work because they considered him a flight risk. Why? Because they are under the impression he is financially independent (their words).

It took me back a bit to see just how employers view your financial independence as a bad thing. Then of course I was reminded of the fact that the lady sitting next to me didn't actually NEED her job because her husband makes $500k+ and so when hiring her they gave her the Manager title even though her background didn't warrant it at all, its just that in order to get her on board at the price she wanted, they had to give her the title. I, on the other hand, WAS a manager within the company (but different department) back in the US and they brought me in at a lower level. I partially blame myself for just grabbing the job, but I still believe what they did to me was slimy since if I had transferred departments within the US I would have still been at the manager level (while I agreed to take a step down for a short period of time, a couple weeks after I signed they informed me that it would take a year longer before I could be a manager again).

Moral of the story is that its amazing how when you DON'T need their money, they pay you more and work you less. I'm currently working on my resume for when my contract is up as I don't intend to re-sign haha.

Ive heard similar things. Even not hiring people because their parents are wealthy and they dont "need" to work.
I suggested each time maybe people who dont need to work there would be better and more happy than people who are almost slaves to their need to work there.

That and they're less susceptible to bribery so I would assume that would be a plus.....

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Re: Overheard at Work
« Reply #6860 on: February 19, 2015, 10:44:00 AM »
This is old, but I still get a kick out of it.

My first summer internship when I was 19, I was getting paid something like $13 an hour. Not mega bucks but excellent experience, and it was in the city my parents lived in so my expenses were zero.

Another intern started at the same time I did. The first Monday after we got our first paychecks, I walked in to the bathroom and saw him washing his hands. He was all excited because with his first paycheck he had gone and bought a TV.

I walked into the stall, and he repeated a few times that it "felt good to blow the money. felt good." I didn't respond, because (1) who talks to you while you're pooping? (2) what do you say to that?

Drop a loud one.  Follow it up with "Felt good to blow THAT.  felt good."

Been a while since I laughed on these forums. Thanks, AH013!

+1. Man, that was funny.

MgoSam

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Re: Overheard at Work
« Reply #6861 on: February 19, 2015, 10:58:35 AM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.
/face palm
I walked a mile to class every weekday freshman year...


This isnt really a story any one particular person did that was worth a face punch per se, but pretty interesting:

I'm on a conference call discussing a company we've taken into receivership and as they were discussing one of the employees at the company they were very careful not to "overwhelm" him with extra work because they considered him a flight risk. Why? Because they are under the impression he is financially independent (their words).

It took me back a bit to see just how employers view your financial independence as a bad thing. Then of course I was reminded of the fact that the lady sitting next to me didn't actually NEED her job because her husband makes $500k+ and so when hiring her they gave her the Manager title even though her background didn't warrant it at all, its just that in order to get her on board at the price she wanted, they had to give her the title. I, on the other hand, WAS a manager within the company (but different department) back in the US and they brought me in at a lower level. I partially blame myself for just grabbing the job, but I still believe what they did to me was slimy since if I had transferred departments within the US I would have still been at the manager level (while I agreed to take a step down for a short period of time, a couple weeks after I signed they informed me that it would take a year longer before I could be a manager again).

Moral of the story is that its amazing how when you DON'T need their money, they pay you more and work you less. I'm currently working on my resume for when my contract is up as I don't intend to re-sign haha.

Ive heard similar things. Even not hiring people because their parents are wealthy and they dont "need" to work.
I suggested each time maybe people who dont need to work there would be better and more happy than people who are almost slaves to their need to work there.

That and they're less susceptible to bribery so I would assume that would be a plus.....

True, but at the same time, sometimes the hungry feeling that some companies want is diminished due to the person not needing the income as much. I don't know either way, I imagine that each person is different and it depends on their personality. There are rich kids that don't want to do any work and there are those that have a chip on their shoulder and so will work harder than anyone.

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Re: Overheard at Work
« Reply #6862 on: February 19, 2015, 11:17:36 AM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.
Uh oh. Guess that mile I walk every day from work to the bus station is accomplished through MAGIC.

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Re: Overheard at Work
« Reply #6863 on: February 19, 2015, 02:07:15 PM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.

One of my favorite lines of all time:
"everyplace is within walking distance...if you have the time"

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Re: Overheard at Work
« Reply #6864 on: February 19, 2015, 02:17:08 PM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.

One of my favorite lines of all time:
"everyplace is within walking distance...if you have the time"

You'll be waiting a hell of a long time for either (a) continental drift, or (b) sea levels to drop, so that you can walk to Australia :)

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Re: Overheard at Work
« Reply #6865 on: February 19, 2015, 02:43:53 PM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.

One of my favorite lines of all time:
"everyplace is within walking distance...if you have the time"

That's wonderful.

Pooperman

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Re: Overheard at Work
« Reply #6866 on: February 19, 2015, 02:54:54 PM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.

One of my favorite lines of all time:
"everyplace is within walking distance...if you have the time"

You'll be waiting a hell of a long time for either (a) continental drift, or (b) sea levels to drop, so that you can walk to Australia :)
Being Jesus would work too haha.

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Re: Overheard at Work
« Reply #6867 on: February 19, 2015, 02:58:05 PM »
I didn't catch the whole conversation so I'm not sure on the specific details but when I walked into the lunch room I overheard 2 older ladies (judging by their wrinkles 55+ years old) talking.

CW1: He said he can't afford to go!
CW2: What is he supposed to do, sit at home saving up until he can afford it?
CW1: That's just not right... He can't just deprive himself like that. He needs to relax and experience life.
CW2: He needs to get a credit card.

I have no words to describe my shock...


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Re: Overheard at Work
« Reply #6868 on: February 19, 2015, 04:04:13 PM »
My husband often regales me with tales that he has overheard at work.

Today's:

CW: Did you hear that CW2 bought a new Lexus? [he already owned a decent Lexus]
DH: Wow, that's expensive.
CW: Yeah, but we're making a good income.
DH: But we've got loads of debt from med school...
CW: I don't have to pay off my debt until I graduate. It's ok - I'm only paying $500/mo in interest! :)
DH: *no words*


Travis

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Re: Overheard at Work
« Reply #6869 on: February 19, 2015, 04:13:37 PM »
Quote
That's just not right... He can't just deprive himself like that. He needs to relax and experience life.

So says the person who probably has credit card debt double their monthly income that isn't getting paid off.

robotclown

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Re: Overheard at Work
« Reply #6870 on: February 19, 2015, 08:20:09 PM »
So my spendy coworker has decided he needs to make a budget (you don't already have a budget?!?!) so he can try and save money, because with no budget he can't tell where it all keeps disappearing to.

Not an hour later he's online ordering a personalized licence plate.

johnny847

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Re: Overheard at Work
« Reply #6871 on: February 19, 2015, 08:24:40 PM »
So my spendy coworker has decided he needs to make a budget (you don't already have a budget?!?!)
I don't think it's ridiculous for somebody not to have a budget. I don't have a budget and I still managed to save over 50% of my net pay last year. I found that when I had a budget, near the end of the month I would say oh I have $X left over this month for category Y, so I can blow $X on Z. However, I didn't really need to buy Z.

You can still be Mustachian and not have a budget. However, for the average person who hasn't build his or her frugality muscles a budget is a great tool to curb spending.

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Re: Overheard at Work
« Reply #6872 on: February 19, 2015, 11:21:20 PM »
A budget is kind of like training wheels for a lot of people, you only need it when you are starting out or if you need help with self control. If you are just frugal and live under your means things work themself court without the need for a budget.

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Re: Overheard at Work
« Reply #6873 on: February 20, 2015, 05:38:10 AM »
I've never had a budget i saved over 60% of my take home pay last year.  I just know how money works.  And understand it.  My Wife OTH has to have a budget (we keep separate finances). She wasnt raised like i was so it works for her.  But she does fall into the Spending money trap mentioned earlier.  I have 40 bucks left this month i'll just add that to spending for next month... where as my mindset would be put that in savings.  Still working on getting her to understand what categories of a budget MUST be spent/saved, and what categories you try to spend under and then save the remainder.

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Re: Overheard at Work
« Reply #6874 on: February 20, 2015, 05:40:51 AM »
Yeah, we don't have a budget either. But we did when we were starting out.

robotclown

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Re: Overheard at Work
« Reply #6875 on: February 20, 2015, 06:57:32 AM »
I think this forum has a different definition for 'budget' than the regular folk.

People here mean, "I don't have a budget because I already understand my cash flow, no need to micromanage it."

Average people mean, "I don't have a budget and therefore I have no idea how much I spend on anything.  But I'm not bankrupt yet so it must be fine."

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Re: Overheard at Work
« Reply #6876 on: February 20, 2015, 07:03:42 AM »
I'm at work now and CW1 just told CW2 that a mile is way too far to walk.

One of my favorite lines of all time:
"everyplace is within walking distance...if you have the time"

Once in high school my best friend and I walked something like 14 miles to a Dairy Queen in another suburb, for no reason. It was fun. We made someone else come pick us up in a car, though.

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Re: Overheard at Work
« Reply #6877 on: February 20, 2015, 08:18:39 AM »
I track my spending penny for penny with no "budget". It lets me see the next months cash flow and if I have the ability to shove more money in savings. My budget is there to constantly say, "Oh man! I don't have money to spend. Better not buy those frivolous things."

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Re: Overheard at Work
« Reply #6878 on: February 20, 2015, 09:48:58 AM »
I think this forum has a different definition for 'budget' than the regular folk.

People here mean, "I don't have a budget because I already understand my cash flow, no need to micromanage it."

Average people mean, "I don't have a budget and therefore I have no idea how much I spend on anything.  But I'm not bankrupt yet so it must be fine."

Well said.

Not having a budget is for when you've advanced past needing it, not for when you're in a stage of financial duress (i.e. pretty much anything less than little to no debt and a healthy savings rate)
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Re: Overheard at Work
« Reply #6879 on: February 20, 2015, 09:56:29 AM »

You can still be Mustachian and not have a budget.

Yep.  I've never had a budget. But we have a 60% savings rate.  I don't track what I spend at all. If I want something, I buy it.  I am just a frugal person and don't usually want things, so the money goes into the savings account, and when the savings account gets too big we put it in the investment accounts (plus an automatic deduction each month to roth IRA and 403b).

Too many people use budgets as a way to SPEND their money, not a way to save it.

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Re: Overheard at Work
« Reply #6880 on: February 20, 2015, 10:08:50 AM »
Too many people use budgets as a way to SPEND their money, not a way to save it.

Well said!!

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Re: Overheard at Work
« Reply #6881 on: February 20, 2015, 10:34:27 AM »
Another old one, this one from my wife. Her coworker walked into the Audi dealership and said "I can spend X, what can you do for me?"

He also got into a bar fight one night - but outside a fancy bar, so he was wearing a dress shirt. Since my wife had sewn a lot of what she wore at that job (tutoring kids in math at a failing high school), he brought the shirt in and asked if it was fixable. It wasn't, of course.

cashstasherat23

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Re: Overheard at Work
« Reply #6882 on: February 20, 2015, 10:36:09 AM »
Talking to my friend at work in the kitchen during lunch:

CW: I am trying to start packing my lunch more often, because I am spending so much on lunches out!
Me: (Doing happy dance inside) That's great! Do you use Mint? I started bringing my own lunch every day after I saw how I was spending hundreds on there and couldn't stomach it!
CW: I tried, but it was too much information for me. I feel like no matter what, you will be spending a few hundred on food though at least!
Me: Not me! I spend about $150 a month on groceries, and have maybe one or two lunches out a month as a little treat. I guess it's easier now that I live alone though and can buy more in bulk.
CW: Yeah, and living with roommates, when they order food, you kind of have to order food, you know? I can't believe you spend so little on food, that's impossible!

And now that I am thinking about this, I had another conversation with this girl a few weeks ago regarding our 401k. Our employer contributes 3% of salary regardless of whether we contribute or not. I am contributing 11% now, and think that is low, but she told me the following:

CW: I contribute about 3%...I am thinking about doing more, but it's just so hard! I need the money.

Now I am munching on my homemade chicken, bacon, ranch flatbread that cost probably $1.50 total, and pondering how much this girl is wasting on the crappy $10+ lunches she buys every day that could be going to her 401k. Will keep trying to get through to her though!

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Re: Overheard at Work
« Reply #6883 on: February 20, 2015, 10:43:28 AM »
Talking to my friend at work in the kitchen during lunch:

CW: I am trying to start packing my lunch more often, because I am spending so much on lunches out!
Me: (Doing happy dance inside) That's great! Do you use Mint? I started bringing my own lunch every day after I saw how I was spending hundreds on there and couldn't stomach it!
CW: I tried, but it was too much information for me. I feel like no matter what, you will be spending a few hundred on food though at least!
Me: Not me! I spend about $150 a month on groceries, and have maybe one or two lunches out a month as a little treat. I guess it's easier now that I live alone though and can buy more in bulk.
CW: Yeah, and living with roommates, when they order food, you kind of have to order food, you know? I can't believe you spend so little on food, that's impossible!

And now that I am thinking about this, I had another conversation with this girl a few weeks ago regarding our 401k. Our employer contributes 3% of salary regardless of whether we contribute or not. I am contributing 11% now, and think that is low, but she told me the following:

CW: I contribute about 3%...I am thinking about doing more, but it's just so hard! I need the money.

Now I am munching on my homemade chicken, bacon, ranch flatbread that cost probably $1.50 total, and pondering how much this girl is wasting on the crappy $10+ lunches she buys every day that could be going to her 401k. Will keep trying to get through to her though!

Bring her a homemade lunch one day with a recipe and a price. She'll be blown away.

johnny847

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Re: Overheard at Work
« Reply #6884 on: February 20, 2015, 10:48:05 AM »
Too many people use budgets as a way to SPEND their money, not a way to save it.

Well said!!
Agreed. I fell into this trap for a bit after I had established a budget...and then discarded the budget. I'm saving even more than before now.

cashstasherat23

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Re: Overheard at Work
« Reply #6885 on: February 20, 2015, 10:56:11 AM »
Talking to my friend at work in the kitchen during lunch:

CW: I am trying to start packing my lunch more often, because I am spending so much on lunches out!
Me: (Doing happy dance inside) That's great! Do you use Mint? I started bringing my own lunch every day after I saw how I was spending hundreds on there and couldn't stomach it!
CW: I tried, but it was too much information for me. I feel like no matter what, you will be spending a few hundred on food though at least!
Me: Not me! I spend about $150 a month on groceries, and have maybe one or two lunches out a month as a little treat. I guess it's easier now that I live alone though and can buy more in bulk.
CW: Yeah, and living with roommates, when they order food, you kind of have to order food, you know? I can't believe you spend so little on food, that's impossible!

And now that I am thinking about this, I had another conversation with this girl a few weeks ago regarding our 401k. Our employer contributes 3% of salary regardless of whether we contribute or not. I am contributing 11% now, and think that is low, but she told me the following:

CW: I contribute about 3%...I am thinking about doing more, but it's just so hard! I need the money.

Now I am munching on my homemade chicken, bacon, ranch flatbread that cost probably $1.50 total, and pondering how much this girl is wasting on the crappy $10+ lunches she buys every day that could be going to her 401k. Will keep trying to get through to her though!

Bring her a homemade lunch one day with a recipe and a price. She'll be blown away.

The thing is, she also loves trying out new recipes. She tells me all the time about the things she has made in her crockpot. Reasons why I think she has potential, but is just trapped in a spendypants lifestyle because that's what everyone around us is doing.

celticmyst08

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Re: Overheard at Work
« Reply #6886 on: February 20, 2015, 11:15:57 AM »
My coworker has been in the process of refinancing her condo mortgage. She just found out yesterday it was appraised for $220k -- she bought it in 2011 for $105k. So that's awesome, right? But then she was saying, "I have so much more equity than I thought; now I can cash out more of it to buy a new car! I can get a way fancier car than I thought I could!"

....nooooooooooo.

Her old car did just die, so she does need something to replace it, but good lord. Her daughter is pregnant so she wants "a big safe SUV that I can transport my grandchild in."
« Last Edit: February 20, 2015, 12:33:35 PM by celticmyst08 »

marketnonsenses

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Re: Overheard at Work
« Reply #6887 on: February 20, 2015, 12:09:52 PM »
Talking to my friend at work in the kitchen during lunch:

CW: I am trying to start packing my lunch more often, because I am spending so much on lunches out!
Me: (Doing happy dance inside) That's great! Do you use Mint? I started bringing my own lunch every day after I saw how I was spending hundreds on there and couldn't stomach it!
CW: I tried, but it was too much information for me. I feel like no matter what, you will be spending a few hundred on food though at least!
Me: Not me! I spend about $150 a month on groceries, and have maybe one or two lunches out a month as a little treat. I guess it's easier now that I live alone though and can buy more in bulk.
CW: Yeah, and living with roommates, when they order food, you kind of have to order food, you know? I can't believe you spend so little on food, that's impossible!

And now that I am thinking about this, I had another conversation with this girl a few weeks ago regarding our 401k. Our employer contributes 3% of salary regardless of whether we contribute or not. I am contributing 11% now, and think that is low, but she told me the following:

CW: I contribute about 3%...I am thinking about doing more, but it's just so hard! I need the money.

Now I am munching on my homemade chicken, bacon, ranch flatbread that cost probably $1.50 total, and pondering how much this girl is wasting on the crappy $10+ lunches she buys every day that could be going to her 401k. Will keep trying to get through to her though!

Depending on roommates it is sometimes hard to keep food in the house. I had to find a new roomate once because he was allways short on cash and eating my food. I started eating out all the time so he couldnt.

Metta

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Re: Overheard at Work
« Reply #6888 on: February 20, 2015, 01:33:06 PM »
Too many people use budgets as a way to SPEND their money, not a way to save it.

Well said!!
Agreed. I fell into this trap for a bit after I had established a budget...and then discarded the budget. I'm saving even more than before now.

So your contention is that budgets just encourage people to spend money frivolously and that they would be frugal if only they freed themselves from budgeting?

This doesn't work that way for us. We find that planning and tracking our spending with a monthly budget to be an important part of ensuring that our money goes to the right places and doesn't take too many detours into silliness. I don't think it is just for beginners either. We've been budgeting (initially on paper and now in Excel) for about 25 years and we still find it useful. My parents have kept a budget now for at least 40 years and they find it useful.

Further, most of the people who tell me that they never budget because they can keep their finances in their heads are people who also struggling financially. A budget or cashflow statement is an important financial tool.

Beaker

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Re: Overheard at Work
« Reply #6889 on: February 20, 2015, 01:34:40 PM »
Depending on roommates it is sometimes hard to keep food in the house. I had to find a new roomate once because he was allways short on cash and eating my food. I started eating out all the time so he couldnt.

I used to have a problem with roommates drinking my beer. So I switched to scotch, which none of them could stomach. Problem solved.

I bet you could apply the same solution to food... though you might have to acquire a taste for kimchi or grasshoppers or something like that.

vivophoenix

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Re: Overheard at Work
« Reply #6890 on: February 20, 2015, 01:37:44 PM »
Depending on roommates it is sometimes hard to keep food in the house. I had to find a new roomate once because he was allways short on cash and eating my food. I started eating out all the time so he couldnt.

I used to have a problem with roommates drinking my beer. So I switched to scotch, which none of them could stomach. Problem solved.

I bet you could apply the same solution to food... though you might have to acquire a taste for kimchi or grasshoppers or something like that.

interesting,  i had a room mate that would drink any and everything including very expensive scotch when his red label,  dollar store handle ran out. solved that with some water and soy sauce. 


FoundPeace

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Re: Overheard at Work
« Reply #6891 on: February 20, 2015, 02:02:11 PM »
Too many people use budgets as a way to SPEND their money, not a way to save it.

Well said!!
Agreed. I fell into this trap for a bit after I had established a budget...and then discarded the budget. I'm saving even more than before now.

So your contention is that budgets just encourage people to spend money frivolously and that they would be frugal if only they freed themselves from budgeting?

This doesn't work that way for us. We find that planning and tracking our spending with a monthly budget to be an important part of ensuring that our money goes to the right places and doesn't take too many detours into silliness. I don't think it is just for beginners either. We've been budgeting (initially on paper and now in Excel) for about 25 years and we still find it useful. My parents have kept a budget now for at least 40 years and they find it useful.

Further, most of the people who tell me that they never budget because they can keep their finances in their heads are people who also struggling financially. A budget or cashflow statement is an important financial tool.

I think most of us who don't have a budget do track their budget (I track my spending and review it regularly, but don't have a budget). If I set up a budget that says $100 for going out to eat, then I might spend that money, even if I don't really want to.

The object is to just think about your purchases and why you are making them.

vivophoenix

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Re: Overheard at Work
« Reply #6892 on: February 20, 2015, 02:04:51 PM »
Too many people use budgets as a way to SPEND their money, not a way to save it.

Well said!!
Agreed. I fell into this trap for a bit after I had established a budget...and then discarded the budget. I'm saving even more than before now.

So your contention is that budgets just encourage people to spend money frivolously and that they would be frugal if only they freed themselves from budgeting?

This doesn't work that way for us. We find that planning and tracking our spending with a monthly budget to be an important part of ensuring that our money goes to the right places and doesn't take too many detours into silliness. I don't think it is just for beginners either. We've been budgeting (initially on paper and now in Excel) for about 25 years and we still find it useful. My parents have kept a budget now for at least 40 years and they find it useful.

Further, most of the people who tell me that they never budget because they can keep their finances in their heads are people who also struggling financially. A budget or cashflow statement is an important financial tool.

I think most of us who don't have a budget do track their budget (I track my spending and review it regularly, but don't have a budget). If I set up a budget that says $100 for going out to eat, then I might spend that money, even if I don't really want to.

The object is to just think about your purchases and why you are making them.

if you spend money cause your budget 'told you to do it', you have bigger problems

the idea is to stay within or under your  budget, not fill it up like a garbage bag

sabertooth3

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Re: Overheard at Work
« Reply #6893 on: February 20, 2015, 02:05:24 PM »
Her daughter is pregnant so she wants "a big safe SUV that I can transport my grandchild in."

*slams head against desk*

Translation: "I want an oversized, overpriced gas-guzzler so I have license to drive like a maniac over ice patches and act shocked when I hit another car."

When I was learning to drive, my dad showed me a can of Coca Cola and said "This is how much metal there is between you and the road. Remember that when you're out there and drive accordingly." He wasn't a mechanic so I don't know if that's 100% true or not, but it really opened my 16-year-old eyes and made me drive much more defensively.

johnny847

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Re: Overheard at Work
« Reply #6894 on: February 20, 2015, 02:11:51 PM »
Too many people use budgets as a way to SPEND their money, not a way to save it.

Well said!!
Agreed. I fell into this trap for a bit after I had established a budget...and then discarded the budget. I'm saving even more than before now.

So your contention is that budgets just encourage people to spend money frivolously and that they would be frugal if only they freed themselves from budgeting?

This doesn't work that way for us. We find that planning and tracking our spending with a monthly budget to be an important part of ensuring that our money goes to the right places and doesn't take too many detours into silliness. I don't think it is just for beginners either. We've been budgeting (initially on paper and now in Excel) for about 25 years and we still find it useful. My parents have kept a budget now for at least 40 years and they find it useful.

Further, most of the people who tell me that they never budget because they can keep their finances in their heads are people who also struggling financially. A budget or cashflow statement is an important financial tool.

Now you're just putting words in my mouth.
The very first thing I said on the matter was
Quote from: johnny847
You can still be Mustachian and not have a budget. However, for the average person who hasn't build his or her frugality muscles a budget is a great tool to curb spending.
And my reasoning was
Quote from: johnny847
I found that when I had a budget, near the end of the month I would say oh I have $X left over this month for category Y, so I can blow $X on Z. However, I didn't really need to buy Z.

What I said was a budget is a great tool for those starting out to curb spending. But once you've done that and built your frugality muscles, a budget can be counterproductive because it tells you it's ok to spend money on something that you don't actually need.

Nowhere did I say or agree to somebody else saying that everybody falls into this trap and hence everybody should discard their budget once they have built their frugality muscles.

As FoundPeace says,
I think most of us who don't have a budget do track their budget (I track my spending and review it regularly, but don't have a budget). If I set up a budget that says $100 for going out to eat, then I might spend that money, even if I don't really want to.

The object is to just think about your purchases and why you are making them.
I also track my spending carefully and make sure i'm not buying things frivolously. But there's no explicit budget.

celticmyst08

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Re: Overheard at Work
« Reply #6895 on: February 20, 2015, 03:00:42 PM »
*slams head against desk*

Translation: "I want an oversized, overpriced gas-guzzler so I have license to drive like a maniac over ice patches and act shocked when I hit another car."

When I was learning to drive, my dad showed me a can of Coca Cola and said "This is how much metal there is between you and the road. Remember that when you're out there and drive accordingly." He wasn't a mechanic so I don't know if that's 100% true or not, but it really opened my 16-year-old eyes and made me drive much more defensively.

No kidding, the whole "I need an SUV 'cuz they're safer!" thing drives me batty.

It's especially depressing because this coworker is an otherwise nice person. But she is insanely gullible and ignorant. For example, she tried to convince me that she doesn't use microwaves because "they turn water into something that isn't water!" She was also just explaining to me over lunch how the new car she's going to purchase will be a great investment.

jmusic

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Re: Overheard at Work
« Reply #6896 on: February 20, 2015, 03:21:53 PM »
*slams head against desk*

Translation: "I want an oversized, overpriced gas-guzzler so I have license to drive like a maniac over ice patches and act shocked when I hit another car."

When I was learning to drive, my dad showed me a can of Coca Cola and said "This is how much metal there is between you and the road. Remember that when you're out there and drive accordingly." He wasn't a mechanic so I don't know if that's 100% true or not, but it really opened my 16-year-old eyes and made me drive much more defensively.

No kidding, the whole "I need an SUV 'cuz they're safer!" thing drives me batty.

It's especially depressing because this coworker is an otherwise nice person. But she is insanely gullible and ignorant. For example, she tried to convince me that she doesn't use microwaves because "they turn water into something that isn't water!" She was also just explaining to me over lunch how the new car she's going to purchase will be a great investment.

I don't use a microwave because... I don't own one.  I even cook TV dinners (when I'm feeling lazy) on the stove sometimes. :)

Her new car will definitely be a great investment.  For the dealer and the bank.

fantabulous

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Re: Overheard at Work
« Reply #6897 on: February 20, 2015, 03:59:46 PM »
Depending on roommates it is sometimes hard to keep food in the house. I had to find a new roomate once because he was allways short on cash and eating my food. I started eating out all the time so he couldnt.

I used to have a problem with roommates drinking my beer. So I switched to scotch, which none of them could stomach. Problem solved.

I bet you could apply the same solution to food... though you might have to acquire a taste for kimchi or grasshoppers or something like that.

interesting,  i had a room mate that would drink any and everything including very expensive scotch when his red label,  dollar store handle ran out. solved that with some water and soy sauce.

bahahaha

Timmmy

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Re: Overheard at Work
« Reply #6898 on: February 20, 2015, 05:26:05 PM »
"they turn water into something that isn't water!"

Steam?

johnintaiwan

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Re: Overheard at Work
« Reply #6899 on: February 20, 2015, 06:13:58 PM »

interesting,  i had a room mate that would drink any and everything including very expensive scotch when his red label,  dollar store handle ran out. solved that with some water and soy sauce.

You are too nice. I solved that problem in University by filling an empty bottle of Jack Daniels with tobacco spit. Was pretty easy to find out who the thief was.