Author Topic: Mustachian People Problems (just for fun)  (Read 3102737 times)

SwordGuy

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Re: Mustachian People Problems (just for fun)
« Reply #5350 on: July 03, 2018, 05:14:34 PM »
I think I posted about this before, but we opened up a savings account for our baby because family members wanted to gift her some money and insisted that it be put in a savings account in her name... I don't know if they thought we would spend it or what. I duly opened up a minor's savings account at Alliant and transferred some money over from my account, like $1k or some nice whole number, thinking that it would be easier to just say we put in the money every time she gets $20 at Christmas.

BUT now they are asking for the account details, and I threw away the letter the bank sent so I have to get it resent. A good problem, to be sure, but definitely a mustachian problem since we don't need the money and it is a minor annoyance! The relatives must think I'm horrible with money. "She lost the information for her baby's savings account?! Who loses track of money?!"


I would consider such a request to be a gross impertinence. 


You don't "have" to have the bank re-send a letter.  You can just tell them it's done.    And suggest they learn some manners if they get pushy.   


But then, I value my independence and my kid's independence more than I value money some relative might give me or my kids.



BTDretire

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Re: Mustachian People Problems (just for fun)
« Reply #5351 on: July 03, 2018, 05:33:06 PM »
Everybody thinks the upper class starts at 20% annual income above their own.


 I thought my wife and I had earned a less than median income over our 37 years of marriage.
 I recently made a spreasheet that adjusts your income for inflation, so you can see how your
lifetime income compares to the median. You can make use of it here, but need to sign into google.
https://forum.mrmoneymustache.com/welcome-to-the-forum/poll-comparing-mmmers-long-term-income-to-median-income/
 Our results, about half our years were below median family income and half above,
 and our average yearly income for those years was $71,000, about 30% above the
$55,000 median family income.
  Never realized we did that well--- but "that well" is relative, isn't it :-)
 We did manage to save ourselves into the top 6% in NW.

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #5352 on: July 03, 2018, 06:41:29 PM »
I've got an contractor coming for an estimate (no hate here, avoiding the medical bills is much less expensive than paying someone to do the work in this case). They asked if I'd heard of some government program relating to energy efficiency, I asked if there was an income limitation. She said yes. I said, thanks, but I'm above the limit. I don't even need to know the limit. My income is double the median of my state, I'm over the limit.

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5353 on: July 04, 2018, 12:57:07 AM »
I think I posted about this before, but we opened up a savings account for our baby because family members wanted to gift her some money and insisted that it be put in a savings account in her name... I don't know if they thought we would spend it or what. I duly opened up a minor's savings account at Alliant and transferred some money over from my account, like $1k or some nice whole number, thinking that it would be easier to just say we put in the money every time she gets $20 at Christmas.

BUT now they are asking for the account details, and I threw away the letter the bank sent so I have to get it resent. A good problem, to be sure, but definitely a mustachian problem since we don't need the money and it is a minor annoyance! The relatives must think I'm horrible with money. "She lost the information for her baby's savings account?! Who loses track of money?!"


I would consider such a request to be a gross impertinence. 


You don't "have" to have the bank re-send a letter.  You can just tell them it's done.    And suggest they learn some manners if they get pushy.   


But then, I value my independence and my kid's independence more than I value money some relative might give me or my kids.

As a parent you are the financial guardian for your child. You are allowed to spend the amount in whatever way you want. The relatives have now right to interfere whether you followed up their command.

But if I were you and you want to stay nice, I would just tell them that the child has now 1K on the bank account, accumulated from various gifts, theirs and others. Tell them that you also sometimes put some money in the account. That should make them happy, shouldn't it? It shows that you didn't spend the money on yourself and it shows that the child is saving up something. Asking for individual transactions is manically controlling something that is out of their control.
Why don't you put the money in an index fund in your child's name? Your child can get a lifetime of compounding.

As a parent you are the financial guardian for your child. You are allowed to spend the amount in whatever way you want.
At least here in Germany this is not true and children can sue their parents if they spend their children‘s money

Okay, I checked it. In Norway you are not allowed to freely spend your child's money if the child earned it herself or received it personally. When the children are young, the parents need to treat the money in a way that is beneficial for the child.

So maybe, the grandparent had a point after all...
« Last Edit: July 04, 2018, 01:40:12 AM by Linda_Norway »

barbaz

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Re: Mustachian People Problems (just for fun)
« Reply #5354 on: July 04, 2018, 01:06:29 AM »
As a parent you are the financial guardian for your child. You are allowed to spend the amount in whatever way you want.
At least here in Germany this is not true and children can sue their parents if they spend their children‘s money

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #5355 on: July 04, 2018, 02:15:17 AM »
As a parent you are the financial guardian for your child. You are allowed to spend the amount in whatever way you want.
At least here in Germany this is not true and children can sue their parents if they spend their children‘s money

This is true in the Netherlands as well. If the account is in the child's name, the parents can't just take the money out and spend it freely. The upside is that the money is also protected against debts of the parents.

For this reason, it's not that unusual for grandparents and other relatives to insist that they pay gifts directly into an account in the child's name. I know several friends that have accounts like this and their parents or siblings have standing orders for the kid's account. If you are living truly Mustachian, I can also see why some relatives might think you're poor. I know some of my relatives think we are, even though I've told them we're not (I haven't told them the details, but did tell them not to worry about our financial situation, we're doing more than fine).

elliha

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Re: Mustachian People Problems (just for fun)
« Reply #5356 on: July 04, 2018, 03:15:44 AM »
The Swedish law seems a bit hard to grasp on this with parents and children's money. Parents are supposed to use them wisely but they can use them to a certain extent for family things and I know that people have been asked to use children's money if they want to go on welfare but I am not sure if this is all of it or just some of it. I think this is so that you can't hide your money in your children's account and also get welfare. I do sadly know parents that have used children's money and gotten away with it so I think that our law might be pretty bad in this regard. The law does state that money earned by children over 16 cannot be used by the parents.

However, if you give children a gift you can make someone other than the parents responsible for it so if the parents are POS you can protect the child that way. I personally would prefer to give money to a child once it has turned 18 or choose to support someone once they need the cash because of these somewhat unclear rules. That gives the control that I would like to see but of course there are always ways of cheating any system so you can never be 100% sure your money is not wasted.

beer-man

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Re: Mustachian People Problems (just for fun)
« Reply #5357 on: July 04, 2018, 08:14:55 AM »
The best conversation I’ve had at work was with a sick patient who happened to be a CFP and a fiduciary


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beer-man

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Re: Mustachian People Problems (just for fun)
« Reply #5358 on: July 04, 2018, 08:24:25 AM »
I spend so little, that I can barely make my credit card sign up bonus minimums.
Haha yes I have to plan for months just to prepare to meet a minimum spend


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beer-man

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Re: Mustachian People Problems (just for fun)
« Reply #5359 on: July 04, 2018, 08:30:59 AM »
We once met with a CFP who told us we were in the best financial position than any young family he’s ever met with. He then offered me a job....which I had to graciously turn down and explain to him that I didn’t believe in the products he was peddling(front loaded mutual funds/variable annuities, etc)
 Awkward mustacian moment


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dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #5360 on: July 04, 2018, 12:47:11 PM »
As a parent you are the financial guardian for your child. You are allowed to spend the amount in whatever way you want.
At least here in Germany this is not true and children can sue their parents if they spend their children‘s money

This is true in the Netherlands as well. If the account is in the child's name, the parents can't just take the money out and spend it freely. The upside is that the money is also protected against debts of the parents.

For this reason, it's not that unusual for grandparents and other relatives to insist that they pay gifts directly into an account in the child's name. I know several friends that have accounts like this and their parents or siblings have standing orders for the kid's account. If you are living truly Mustachian, I can also see why some relatives might think you're poor. I know some of my relatives think we are, even though I've told them we're not (I haven't told them the details, but did tell them not to worry about our financial situation, we're doing more than fine).

Honestly, if you are worried about a parent spending a child's money on personal stuff, it's probably better to just set aside the money for to give directly to the child later in life.  Scummy parents gonna be scrummy

woopwoop

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Re: Mustachian People Problems (just for fun)
« Reply #5361 on: July 04, 2018, 08:47:42 PM »
Why don't you put the money in an index fund in your child's name? Your child can get a lifetime of compounding.
I hadn't really thought about this, you mean opening up a brokerage account in their name? I really do need to do some more research into how best to transfer wealth to kids, but my first thought was that anything in their name is used against them for financial aid purposes, right? Okay, you've given me a good kick in the butt to actually go get informed about this stuff sooner rather than later ;)

shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #5362 on: July 04, 2018, 09:23:16 PM »
Not American, but my nine week old baby has a Vanguard account. The eighteen years on compounding made it a no brainer.

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #5363 on: July 05, 2018, 03:09:13 AM »
As a parent you are the financial guardian for your child. You are allowed to spend the amount in whatever way you want.
At least here in Germany this is not true and children can sue their parents if they spend their children‘s money

This is true in the Netherlands as well. If the account is in the child's name, the parents can't just take the money out and spend it freely. The upside is that the money is also protected against debts of the parents.


Honestly, if you are worried about a parent spending a child's money on personal stuff, it's probably better to just set aside the money for to give directly to the child later in life.  Scummy parents gonna be scrummy

That's absolutely true and I think there are very few cases where a child can actually recoup the money their parents have stolen from them (if it comes to that). First of all they might not be aware of the account, if they are they might not have bank statements, they might not know their parent wasn't allowed to spend it and even if they do they will probably lack the will and the money to sue their parents. Relatives might feel like their gift is protected, but that protection is not real.

For tax reasons, lots of grandparents prefer to put the money in an account with the child's name though. We have a wealth tax and any money that's not in their name, will not be taxed. We don't have trust funds in this country, so savings accounts in a child's name is the most common method of making sure their grandchild will get the money even when the grandparents have passed by the time the child turns 18.



Aunt Petunia

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Re: Mustachian People Problems (just for fun)
« Reply #5364 on: July 05, 2018, 04:58:00 AM »
Why don't you put the money in an index fund in your child's name? Your child can get a lifetime of compounding.
I hadn't really thought about this, you mean opening up a brokerage account in their name? I really do need to do some more research into how best to transfer wealth to kids, but my first thought was that anything in their name is used against them for financial aid purposes, right? Okay, you've given me a good kick in the butt to actually go get informed about this stuff sooner rather than later ;)

Yes, in the US the child is supposed to kick in half of their income and most of their net worth before they get any financial aid. Parental income and net worth are not penalized as much.  You can say it is being used against them, but I prefer to think of it as making things more fair for other kids who do not have such generous relatives. The child can also get around this by delaying college until age 23, or by sheltering the money in a retirement account such as a Roth IRA, or purchasing a primary residence.

jinga nation

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Re: Mustachian People Problems (just for fun)
« Reply #5365 on: July 05, 2018, 05:41:12 AM »
Not American, but my nine week old baby has a Vanguard account. The eighteen years on compounding made it a no brainer.

+1. If you're in the USA, you can open an UTMA/UGMA account for your kids at Vanguard. Then VTSMX/VTSAX. Parents are custodians.

Trifele

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Re: Mustachian People Problems (just for fun)
« Reply #5366 on: July 05, 2018, 10:01:09 AM »
Not American, but my nine week old baby has a Vanguard account. The eighteen years on compounding made it a no brainer.

+1. If you're in the USA, you can open an UTMA/UGMA account for your kids at Vanguard. Then VTSMX/VTSAX. Parents are custodians.

FYI -- Vanguard has high minimums to start a custodial account -- $1000 or $3000 depending on the fund.  If you can't swing that, then Schwab is a good option -- their minimum is $100.  Plus -- their fees on their total stock market index fund (SWTSX) are only .03%.

Radiowave

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Re: Mustachian People Problems (just for fun)
« Reply #5367 on: July 08, 2018, 06:59:06 PM »
When the lunchtime conversation turns to expensive vacations, new SUVs, and credit card debt, I just sit there like a lump

princeradar

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Re: Mustachian People Problems (just for fun)
« Reply #5368 on: July 08, 2018, 08:27:24 PM »
I have the oldest car in the parking lot at work (2006 Jetta).  I love cars, and could easily afford to purchase a new one for cash (but I'm not an idiot).  I actually think I get more pleasure driving this car than I would if I purchased a newer more luxurious model.  Not planning on replacing it until it becomes economically unviable.



zolotiyeruki

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Re: Mustachian People Problems (just for fun)
« Reply #5369 on: July 08, 2018, 10:20:56 PM »
I have the oldest car in the parking lot at work (2006 Jetta).  I love cars, and could easily afford to purchase a new one for cash (but I'm not an idiot).  I actually think I get more pleasure driving this car than I would if I purchased a newer more luxurious model.  Not planning on replacing it until it becomes economically unviable.
I had the same pleasure at my last job--my '95 Corolla was easily the oldest in the lot.  When I switched jobs in 2011, I no longer held that honor--my boss had an even older Accord.  That one eventually got wrecked by a teenager, and I reclaimed my title.  My other boss was in 2nd with a '99 Corolla.  Last year, after that one got totalled, he upgraded...to a '01 Accord. :)

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5370 on: July 09, 2018, 12:24:35 AM »
For our summer vacation next week, I miss plastic bags. I have stopped getting plastic bags in grocery stores, because I use cloth bags. And I have stopped shopping all kinds of nonsense in other shops.

Maybe the grocery store has a roll of plastic garbage bags that I could buy?

GuitarStv

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Re: Mustachian People Problems (just for fun)
« Reply #5371 on: July 09, 2018, 08:29:26 AM »
For our summer vacation next week, I miss plastic bags. I have stopped getting plastic bags in grocery stores, because I use cloth bags. And I have stopped shopping all kinds of nonsense in other shops.

Maybe the grocery store has a roll of plastic garbage bags that I could buy?

Clean out and reuse the plastic packaging that your food comes in.  There's still plenty of plastic to go around.  :P

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #5372 on: July 10, 2018, 12:08:44 AM »
For our summer vacation next week, I miss plastic bags. I have stopped getting plastic bags in grocery stores, because I use cloth bags. And I have stopped shopping all kinds of nonsense in other shops.

Maybe the grocery store has a roll of plastic garbage bags that I could buy?

Clean out and reuse the plastic packaging that your food comes in.  There's still plenty of plastic to go around.  :P

Why would you suddenly need plastic bags for the vacation? Can't you just use the cloth ones?

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5373 on: July 10, 2018, 01:42:51 AM »
For our summer vacation next week, I miss plastic bags. I have stopped getting plastic bags in grocery stores, because I use cloth bags. And I have stopped shopping all kinds of nonsense in other shops.

Maybe the grocery store has a roll of plastic garbage bags that I could buy?

Clean out and reuse the plastic packaging that your food comes in.  There's still plenty of plastic to go around.  :P

Why would you suddenly need plastic bags for the vacation? Can't you just use the cloth ones?

Waterproof packaging during a week long backpack hiking trip. We have proper waterproof bags for the important stuff, like sleeping bags and clothes. But we put food and some other stuff in plastic shopping bags. Keeps out the rain.

The bags that food come in are reused for other purposes, but they are very flimsy. Not suited for this purpose.

CptCool

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Re: Mustachian People Problems (just for fun)
« Reply #5374 on: July 10, 2018, 08:55:42 AM »
Waterproof packaging during a week long backpack hiking trip. We have proper waterproof bags for the important stuff, like sleeping bags and clothes. But we put food and some other stuff in plastic shopping bags. Keeps out the rain.

The bags that food come in are reused for other purposes, but they are very flimsy. Not suited for this purpose.

I realize you're in Norway so the amazon link below probably isn't relevant, but you should get trash compactor bags and use 1 to line your entire pack. That way everything is 100% waterproof. It's amazing and super lightweight. I usually bring 2 - one for a bag liner and one to put on the ground to sit on, put my stuff on top of it, etc

https://www.amazon.com/Hefty-Trash-Compactor-Bags-GAL/dp/B002BXRGQA

Linea_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #5375 on: July 10, 2018, 09:16:22 AM »
Waterproof packaging during a week long backpack hiking trip. We have proper waterproof bags for the important stuff, like sleeping bags and clothes. But we put food and some other stuff in plastic shopping bags. Keeps out the rain.

The bags that food come in are reused for other purposes, but they are very flimsy. Not suited for this purpose.

I realize you're in Norway so the amazon link below probably isn't relevant, but you should get trash compactor bags and use 1 to line your entire pack. That way everything is 100% waterproof. It's amazing and super lightweight. I usually bring 2 - one for a bag liner and one to put on the ground to sit on, put my stuff on top of it, etc

https://www.amazon.com/Hefty-Trash-Compactor-Bags-GAL/dp/B002BXRGQA

Trash compactors are a thing I only know in theory of. We just have large containers. But yes, there are shops that sell a variety of plastic bags, big, small or extra solid for all purposes. We will find a solution somewhere.

I also reuse the compostable plastic bags that we get for free from the community to throw away our green garbage. We have a composting bin where we throw in our green garbage without a bag. The bags are used on hiking trips for collecting my toilet paper. They also burn on a campfire. And in the bathroom in our house in the small bins.
« Last Edit: July 10, 2018, 09:18:45 AM by Linda_Norway »

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #5376 on: July 10, 2018, 12:33:52 PM »
Waterproof packaging during a week long backpack hiking trip. We have proper waterproof bags for the important stuff, like sleeping bags and clothes. But we put food and some other stuff in plastic shopping bags. Keeps out the rain.

The bags that food come in are reused for other purposes, but they are very flimsy. Not suited for this purpose.

I realize you're in Norway so the amazon link below probably isn't relevant, but you should get trash compactor bags and use 1 to line your entire pack. That way everything is 100% waterproof. It's amazing and super lightweight. I usually bring 2 - one for a bag liner and one to put on the ground to sit on, put my stuff on top of it, etc

https://www.amazon.com/Hefty-Trash-Compactor-Bags-GAL/dp/B002BXRGQA

Trash compactors are a thing I only know in theory of. We just have large containers. But yes, there are shops that sell a variety of plastic bags, big, small or extra solid for all purposes. We will find a solution somewhere.

I also reuse the compostable plastic bags that we get for free from the community to throw away our green garbage. We have a composting bin where we throw in our green garbage without a bag. The bags are used on hiking trips for collecting my toilet paper. They also burn on a campfire. And in the bathroom in our house in the small bins.

Just wrap it in oiled linen

Just Joe

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Re: Mustachian People Problems (just for fun)
« Reply #5377 on: July 10, 2018, 02:42:08 PM »
Anyone else thought they found their long lost tribe when they found this site or read the comments on this topic?

Me too. I feel at home here.

It feels hard when I'm asked by friends what I want for my birthday. I can't answer rice & beans and they are not very fond of giving me money.
Oh, the drama. The difficult life a mustachian

The personal evolution from spendy American to optimized saver/investor. Challenges have melted away as long term efforts at home and work have paid off. DW and I are just two average professionals making an effort. Not rich but doing fine.

Meanwhile from time to time we witness our "old selves" while out visiting. These folks are seeking justification for their choices, want to commiserate about money woes, and are receptive in varying degrees about being steered towards answers on the web. I think some of them just want to complain to someone and get some attention. More often than not advice is unheeded or unwelcome. Some folks must like their stress. ;)
« Last Edit: July 10, 2018, 02:53:54 PM by Just Joe »

Spruit

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Re: Mustachian People Problems (just for fun)
« Reply #5378 on: July 13, 2018, 03:14:32 AM »
When selling a late relative's stuff through Marktplaats (the local Craigslist) and you find yourself jumping to every slightly reasonable offer, thinking "Well, I would not pay more for it, right? I mean, I'd rather have the money than the thing. Better one bird in the hand than two in the bush..."
Then finding out after the deal is sealed that the item is worth more to a lot of people. Damn frugality mindset!

(Also, to be too decent to revoke the deal and sell to the (now) highest bidder instead, but I guess that's a different discussion. I hate it when people do that to me after the deal is done, so I won't do it to other people. But damn, so tempting!)

solon

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Re: Mustachian People Problems (just for fun)
« Reply #5379 on: July 13, 2018, 05:59:35 AM »
1299 posts... 1299 posts... How am I going to get one more post to make it an even... oh.

peregrine

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Re: Mustachian People Problems (just for fun)
« Reply #5380 on: July 13, 2018, 08:08:20 AM »
Mustachian people problem:

When a family member asks how much my mortgage pmnt is and I tell them.

Then after a few seconds they're like, "Yeah, but how much with taxes and insurance? Huh???"

And I'm like, "No, that's with taxes and insurance."

And after a few seconds they're like, "....."
« Last Edit: July 13, 2018, 08:13:46 AM by peregrine »

Bicycle_B

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Re: Mustachian People Problems (just for fun)
« Reply #5381 on: July 13, 2018, 08:20:06 AM »
Mint keeps sending me emails that say "You haven't spent anything in the last week. That can't be right." It is, but I don't want to label Mint as spam because I might get a legitimate message. Wasted electrons.

Dollar Slice

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Re: Mustachian People Problems (just for fun)
« Reply #5382 on: July 14, 2018, 11:42:43 PM »
I lost my job recently, and I keep having the most awkward conversations with people. They are only saying it because they care about me and are worried, and I appreciate it, but I don't know what to say to all the people who want to know how long I'll be able to last without a paycheck. The truth is something like seven or eight years, but I don't want to say that. A lot of my friends are low income and it just sounds so cringey to say that to someone who struggles to afford health insurance.

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #5383 on: July 15, 2018, 02:04:26 AM »
That's a tough one Slicey! Could you say something like that you'd been saving up for a while as you wanted a change and they had tried to lay you off a few months ago already? You don't have to tell them you'll be fine for 8 years, but you can let them know you've prepared yourself for this already and you'll be fine for a while if you cut back some expenses :)

Raymond Reddington

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Re: Mustachian People Problems (just for fun)
« Reply #5384 on: July 15, 2018, 03:22:51 AM »
Mustachian problems - trying to relate to the masses in everyday financial conversations.

Me (thinks to self quietly): Hmm...Is payday this week or next week? It's one or the other.
Everyone else (out loud): WOOHOO! Payday! Just in time for all my bills!
Me (to myself): Cool, guess it's this week.
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Everyone else: ZOMG! The stock market is down!!! Is it a crash??? OMG let me click on 50 Jim Cramer stories to find out!!! I might have to sell!!!
Me: Cool, stuff is cheaper today. Time to buy more.
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Everyone else: Wow, nice car.
Me: Thanks.
Everyone else: That's my ride over there.
Me: Cool.
Everyone else (waits for a compliment)
Me: ....
Everyone else: I got a sweet deal from XX dealership for it. At the end of the lease, I can upgrade to a new model and just sign a new lease.
Me: Cool, mine's totally paid off.
---------------------------------------------------------------------------------------------------------------
Everyone else: I can't believe XX bank is gonna start charging a monthly fee.
Me: That's easy enough to avoid.
Everyone else: HOW?
Me: Don't you have emergency savings in the bank?
Everyone else: Yeah, I keep a few hundred bucks in there, not enough to avoid the fee.
Me: ...
---------------------------------------------------------------------------------------------------------------
Me: Trying to figure out a way to save money on XX
Everyone else: Oh, that's easy. If you need money, just take out a pension loan or a 401k loans
Me: ....
Everyone else: Did you not hear what I said?
Me: Oh, I heard it. But that's literally the worst thing I could do in this situation.
Everyone else: And why's that? You pay the interest back to yourself in the end anyway!
Me: ...
----------------------------------------------------------------------------------------------------------------
Me: I got a pretty good interest rate on my mortgage, and they give me cash back. Plus its fixed, so my payments won't go up unless property taxes or insurance do.
Everyone else: Did you shop around? The best rates always come from (name of credit union withheld)
Me: Of course I did. They didn't have the best rates.
Everyone else: I don't know, I wouldn't be so sure. I swear by them for everything, and they've been pretty good.
Me: Really? I hear complaints all the time about how they have no ATMs hardly, and it's tough to get your money out. And didn't their CEO just get in trouble for (info withheld to protect the guilty)
Everyone else: Well, yeah, I mean they're small, but that's to be expected. But at least they don't charge fees!
----------------------------------------------------------------------------------------------------------------

Clookie

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Re: Mustachian People Problems (just for fun)
« Reply #5385 on: July 15, 2018, 08:06:46 AM »
Mustachian problems - trying to relate to the masses in everyday financial conversations.

Me (thinks to self quietly): Hmm...Is payday this week or next week? It's one or the other.
Everyone else (out loud): WOOHOO! Payday! Just in time for all my bills!
Me (to myself): Cool, guess it's this week.
---------------------------------------------------------------------------------------------------------------
Everyone else: ZOMG! The stock market is down!!! Is it a crash??? OMG let me click on 50 Jim Cramer stories to find out!!! I might have to sell!!!
Me: Cool, stuff is cheaper today. Time to buy more.
---------------------------------------------------------------------------------------------------------------
Everyone else: Wow, nice car.
Me: Thanks.
Everyone else: That's my ride over there.
Me: Cool.
Everyone else (waits for a compliment)
Me: ....
Everyone else: I got a sweet deal from XX dealership for it. At the end of the lease, I can upgrade to a new model and just sign a new lease.
Me: Cool, mine's totally paid off.
---------------------------------------------------------------------------------------------------------------
Everyone else: I can't believe XX bank is gonna start charging a monthly fee.
Me: That's easy enough to avoid.
Everyone else: HOW?
Me: Don't you have emergency savings in the bank?
Everyone else: Yeah, I keep a few hundred bucks in there, not enough to avoid the fee.
Me: ...
---------------------------------------------------------------------------------------------------------------
Me: Trying to figure out a way to save money on XX
Everyone else: Oh, that's easy. If you need money, just take out a pension loan or a 401k loans
Me: ....
Everyone else: Did you not hear what I said?
Me: Oh, I heard it. But that's literally the worst thing I could do in this situation.
Everyone else: And why's that? You pay the interest back to yourself in the end anyway!
Me: ...
----------------------------------------------------------------------------------------------------------------
Me: I got a pretty good interest rate on my mortgage, and they give me cash back. Plus its fixed, so my payments won't go up unless property taxes or insurance do.
Everyone else: Did you shop around? The best rates always come from (name of credit union withheld)
Me: Of course I did. They didn't have the best rates.
Everyone else: I don't know, I wouldn't be so sure. I swear by them for everything, and they've been pretty good.
Me: Really? I hear complaints all the time about how they have no ATMs hardly, and it's tough to get your money out. And didn't their CEO just get in trouble for (info withheld to protect the guilty)
Everyone else: Well, yeah, I mean they're small, but that's to be expected. But at least they don't charge fees!
----------------------------------------------------------------------------------------------------------------

That is THE BEST POST EVER!
Thanks for sharing @Raymond Reddington

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #5386 on: July 15, 2018, 11:19:50 AM »
Mustachian problems - trying to relate to the masses in everyday financial conversations.

Me (thinks to self quietly): Hmm...Is payday this week or next week? It's one or the other.
Everyone else (out loud): WOOHOO! Payday! Just in time for all my bills!
Me (to myself): Cool, guess it's this week.
---------------------------------------------------------------------------------------------------------------
Everyone else: ZOMG! The stock market is down!!! Is it a crash??? OMG let me click on 50 Jim Cramer stories to find out!!! I might have to sell!!!
Me: Cool, stuff is cheaper today. Time to buy more.
---------------------------------------------------------------------------------------------------------------
Everyone else: Wow, nice car.
Me: Thanks.
Everyone else: That's my ride over there.
Me: Cool.
Everyone else (waits for a compliment)
Me: ....
Everyone else: I got a sweet deal from XX dealership for it. At the end of the lease, I can upgrade to a new model and just sign a new lease.
Me: Cool, mine's totally paid off.
---------------------------------------------------------------------------------------------------------------
Everyone else: I can't believe XX bank is gonna start charging a monthly fee.
Me: That's easy enough to avoid.
Everyone else: HOW?
Me: Don't you have emergency savings in the bank?
Everyone else: Yeah, I keep a few hundred bucks in there, not enough to avoid the fee.
Me: ...
---------------------------------------------------------------------------------------------------------------
Me: Trying to figure out a way to save money on XX
Everyone else: Oh, that's easy. If you need money, just take out a pension loan or a 401k loans
Me: ....
Everyone else: Did you not hear what I said?
Me: Oh, I heard it. But that's literally the worst thing I could do in this situation.
Everyone else: And why's that? You pay the interest back to yourself in the end anyway!
Me: ...
----------------------------------------------------------------------------------------------------------------
Me: I got a pretty good interest rate on my mortgage, and they give me cash back. Plus its fixed, so my payments won't go up unless property taxes or insurance do.
Everyone else: Did you shop around? The best rates always come from (name of credit union withheld)
Me: Of course I did. They didn't have the best rates.
Everyone else: I don't know, I wouldn't be so sure. I swear by them for everything, and they've been pretty good.
Me: Really? I hear complaints all the time about how they have no ATMs hardly, and it's tough to get your money out. And didn't their CEO just get in trouble for (info withheld to protect the guilty)
Everyone else: Well, yeah, I mean they're small, but that's to be expected. But at least they don't charge fees!
----------------------------------------------------------------------------------------------------------------

That is THE BEST POST EVER!
Thanks for sharing @Raymond Reddington


Me: ...
You: did you not hear what I said?
Me: well I’m like half of these people

1) I like money and always get excited on pay day

2) I don’t like it when the stock market is down since my assets have gone down.  Less money for me is bad

4) I don’t like monthly bank fees and only keep a few hundred in my free checking account.  You can keep a few thousand in a zero interest account to avoid the fee, or keep it in a high yield account with no fee.  Which is better?




shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #5387 on: July 16, 2018, 04:22:58 AM »
I'm watching daytime TV while breastfeeding and adverts for funeral insurance keep coming up. They all have a line in them like "and of course it would be hard to find £3500 at short notice, wouldn't it?" And I'm like...is it? If you're over fifty?

Fresh Bread

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Re: Mustachian People Problems (just for fun)
« Reply #5388 on: July 16, 2018, 04:45:29 AM »
I'm watching daytime TV while breastfeeding and adverts for funeral insurance keep coming up. They all have a line in them like "and of course it would be hard to find £3500 at short notice, wouldn't it?" And I'm like...is it? If you're over fifty?

I regularly get marketing calls for funerals. They tell me that they can cost over $10k. I say I know, we just had to pay for one. They say, well then you'll know how important it is to have insurance then. I say no thanks, we'll just pay from savings like we did then???

Dicey

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Re: Mustachian People Problems (just for fun)
« Reply #5389 on: July 16, 2018, 08:38:52 AM »
When the lunchtime conversation turns to expensive vacations, new SUVs, and credit card debt, I just sit there like a lump of gold.
FTFY @Radiowave.

fuzzy math

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Re: Mustachian People Problems (just for fun)
« Reply #5390 on: July 16, 2018, 12:58:51 PM »
I use capital one investing and they are merging with E-Trade. All my stock will be transferred over except for fractional shares. I have .96 in a fractional share of a stock that's gone up 1100% and I really don't want to sell. That .96 came entirely from dividends! Sure I could re-buy it as a whole share but it's the principle damnit!!! Next dividend date was going to put me over the fraction to a whole share. Selling then buying is NOT THE SAME.

Sent from my H1623 using Tapatalk


Raymond Reddington

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Re: Mustachian People Problems (just for fun)
« Reply #5391 on: July 16, 2018, 03:37:22 PM »
I use capital one investing and they are merging with E-Trade. All my stock will be transferred over except for fractional shares. I have .96 in a fractional share of a stock that's gone up 1100% and I really don't want to sell. That .96 came entirely from dividends! Sure I could re-buy it as a whole share but it's the principle damnit!!! Next dividend date was going to put me over the fraction to a whole share. Selling then buying is NOT THE SAME.

Sent from my H1623 using Tapatalk

That happened to me once. Had .9 something fractional share after ex div but before pay date. Div was .2. So they sold the .9 fractional share to move assets, then the .2 fractional share that came after was immediately sold. I was annoyed about the "loss" of my additional share :)

afuera

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Re: Mustachian People Problems (just for fun)
« Reply #5392 on: July 18, 2018, 09:24:59 AM »
I forgot to call Fidelity on Monday and request a roth in-plan conversion on my aftertax contributions.  Yesterday the market hopped up close to 1%.  Now I have to pay a miniscule amount of taxes on my conversion.

Bracken_Joy

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Re: Mustachian People Problems (just for fun)
« Reply #5393 on: July 18, 2018, 05:37:13 PM »
I'm on a forum for infertility (currently going through IVF). What I entered planning on getting emotional support and community, has ended up being me giving a lot of information on funding options for these expensive medical procedures, loans, how to access credit reports and submit corrections, etc etc.

Even when I'm not in a finance place, I end up finding finance case studies! =o

CindyBS

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Re: Mustachian People Problems (just for fun)
« Reply #5394 on: July 19, 2018, 04:08:18 PM »
Calculated NW today and was disappointed it only went up by $6K in the last 2 months. 

It was a combination of the stock market flattening out recently and some bigger once per year expenses we paid recently.


Boo-hoo.

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #5395 on: July 21, 2018, 01:20:55 AM »
Just thought of one I had a while ago.

When I had a viewing for my current place, the guy that was living there at the time tried to give me all sort of "advice" on how to furnish the room. He extensively explained about how he'd recommend me to put my TV in spot X and how ridiculous it was that the girl prior to him had her TV in spot Y. He also kept going on what the optimal TV size should be considering the room is quite small and it could be too much TV easily. Out of the 30 min viewing, he probably spent 15 minutes on this story.

MPP: I don't watch TV. I don't have a TV. My furniture arrangement is not affected by TV logistics.

Clookie

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Re: Mustachian People Problems (just for fun)
« Reply #5396 on: July 21, 2018, 01:57:16 PM »
My friends are convinced that my recent switch to biking wherever I can is due to a D.U.I.  :-)
+1

fuzzy math

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Re: Mustachian People Problems (just for fun)
« Reply #5397 on: July 21, 2018, 01:59:26 PM »
Tell them it’s for vehicular manslaughter


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Imma

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Re: Mustachian People Problems (just for fun)
« Reply #5398 on: July 22, 2018, 08:53:35 AM »


MPP: I don't watch TV. I don't have a TV. My furniture arrangement is not affected by TV logistics.

Yeah, I remember that when I hosted viewings for my previous apartment, that I rented. I had almost 20 viewers (not seperately, luckily, over two or three evenings) because the landlord tried to get a really high rent for it. 

More than half of them asked me where my TV was. When I told one guy I didn't have a TV, he asked me where the cable connection point was and I had to admit I didn't have the faintest idea. The look on his face was priceless. A few months after I moved out, they had finally found a new tenant and the guy from the letting agency called me in a panic about the TV and internet connection. In the end, it turned out the apartment didn't have modern TV connection and no internet connection at all. I had never noticed because I had shared my neighbours' wifi for all 4 years I lived there (with permission).

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #5399 on: July 22, 2018, 09:46:34 AM »


MPP: I don't watch TV. I don't have a TV. My furniture arrangement is not affected by TV logistics.

Yeah, I remember that when I hosted viewings for my previous apartment, that I rented. I had almost 20 viewers (not seperately, luckily, over two or three evenings) because the landlord tried to get a really high rent for it. 

More than half of them asked me where my TV was. When I told one guy I didn't have a TV, he asked me where the cable connection point was and I had to admit I didn't have the faintest idea. The look on his face was priceless. A few months after I moved out, they had finally found a new tenant and the guy from the letting agency called me in a panic about the TV and internet connection. In the end, it turned out the apartment didn't have modern TV connection and no internet connection at all. I had never noticed because I had shared my neighbours' wifi for all 4 years I lived there (with permission).

HAHA we should've been flatmates I guess :)

I had the same when subletting my room when I went to study abroad. Every person that came to check it out asked where my TV was, if I'd already moved it out. I just got rid of them by saying I watch stuff on my laptop (which is true, like once a month when there's sth I want to watch). One asked if I maybe was from one of those super religious groups that can't watch TV. I did know where the connection was though, thanks to the internet connection being in the same spot.

Other fun ones are:
"Shouldn't you blow dry your hair?" - I don't have a hair dryer.. never used one.
"Where's your microwave?" - Eeehm I never realized I didn't have one?!
"Do you have some lotion/cream for me, I have dry skin" - Is sunblock OK for you? That's all I've got..