Author Topic: Overheard at Work  (Read 8898727 times)

myhotrs

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Re: Overheard at Work
« Reply #8200 on: May 12, 2015, 10:59:25 AM »
Thats pretty funny troberton79! I wonder what they'd think of the CRAZY folks here who really do minimize expenses.

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Re: Overheard at Work
« Reply #8201 on: May 12, 2015, 11:29:38 AM »
Co-worker and wife pull down probably around 100k combined.  Overheard him saying "When we moved in with my wifes parents to save up for a house, we saved money at a CRAZY rate, we stopped buying virtually everything because we wanted to get out of there and in to our own house so bad.  We saved like 12K in 10 months!".
If we assume (I know it is probably not true) that they MAX their 401Ks, Roth IRAs and an HSA then the extra $12k they save on top of that given their salaries would not be that bad...

Hunny156

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Re: Overheard at Work
« Reply #8202 on: May 12, 2015, 12:21:00 PM »
Co-worker and wife pull down probably around 100k combined.  Overheard him saying "When we moved in with my wifes parents to save up for a house, we saved money at a CRAZY rate, we stopped buying virtually everything because we wanted to get out of there and in to our own house so bad.  We saved like 12K in 10 months!".
If we assume (I know it is probably not true) that they MAX their 401Ks, Roth IRAs and an HSA then the extra $12k they save on top of that given their salaries would not be that bad...

Not overheard at work, but from a former neighbor, discussing large tax bills and sacrifices:
Neighbor: "It was a really tough year for us, but we really cut our spending, and paid off $10K worth of taxes and furniture loans in that year.  So glad we don't have to live like that anymore!"

They have two mortgages on their home, spent $20K on an extended patio, both buy new SUV's/pickup trucks every other year, still have furniture loans, the works!!!  Annual income is probably about $120K combined.  I get the feeling they think they are good w/their money b/c they put a few hundred/mo in savings.  I know they contribute the 3% required to get the match on the 401K, and no IRA's.

MgoSam

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Re: Overheard at Work
« Reply #8203 on: May 12, 2015, 12:34:09 PM »
Co-worker and wife pull down probably around 100k combined.  Overheard him saying "When we moved in with my wifes parents to save up for a house, we saved money at a CRAZY rate, we stopped buying virtually everything because we wanted to get out of there and in to our own house so bad.  We saved like 12K in 10 months!".
If we assume (I know it is probably not true) that they MAX their 401Ks, Roth IRAs and an HSA then the extra $12k they save on top of that given their salaries would not be that bad...

Not overheard at work, but from a former neighbor, discussing large tax bills and sacrifices:
Neighbor: "It was a really tough year for us, but we really cut our spending, and paid off $10K worth of taxes and furniture loans in that year.  So glad we don't have to live like that anymore!"

They have two mortgages on their home, spent $20K on an extended patio, both buy new SUV's/pickup trucks every other year, still have furniture loans, the works!!!  Annual income is probably about $120K combined.  I get the feeling they think they are good w/their money b/c they put a few hundred/mo in savings.  I know they contribute the 3% required to get the match on the 401K, and no IRA's.

And they are the ones referred to in numerous articles as to why "retiring before your 90 is impossible!" cause if they can't do it then no one can!

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Re: Overheard at Work
« Reply #8204 on: May 12, 2015, 01:21:28 PM »
Not overheard at work, but from a former neighbor, discussing large tax bills and sacrifices:
Neighbor: "It was a really tough year for us, but we really cut our spending, and paid off $10K worth of taxes and furniture loans in that year.  So glad we don't have to live like that anymore!"

They have two mortgages on their home, spent $20K on an extended patio, both buy new SUV's/pickup trucks every other year, still have furniture loans, the works!!!  Annual income is probably about $120K combined.  I get the feeling they think they are good w/their money b/c they put a few hundred/mo in savings.  I know they contribute the 3% required to get the match on the 401K, and no IRA's.
FURNITURE LOANS! Bahahahaha!!!
Wow. I'd rather use crates and piles of clothing as furniture than go into debt for "things that hold my butt".
I did try to finance a couch when I was an idiot 21-yo second lieutenant, and thankfully was denied for shitty credit. Later, I figured out how easy it is to find good used stuff. My current couch was $1200 new, and I bought it years later for $200 from a guy who had put it in a loft and barely used it.
I did let DW talk me into a new bedroom set after she moved in, but only because I had a friend working the store who got us a deep discount. New furniture depreciation is even worse than cars... you often lose 50% or more just hauling it out the door.

trobertson79

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Re: Overheard at Work
« Reply #8205 on: May 12, 2015, 02:17:07 PM »
Here in Boston the whole city moves on September 1st (tied to school semesters as there's so many colleges) and furniture gets put all over every street.  When we moved into our 6BR house in September we furnished the entire house (we rent rooms to people) with beds chairs desks and couches for free.  (And no bed bugs thank god)

intirb

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Re: Overheard at Work
« Reply #8206 on: May 12, 2015, 03:52:28 PM »
Here in Boston the whole city moves on September 1st (tied to school semesters as there's so many colleges) and furniture gets put all over every street.  When we moved into our 6BR house in September we furnished the entire house (we rent rooms to people) with beds chairs desks and couches for free.  (And no bed bugs thank god)

Allston Christmas!!  It's the best!

Hunny156

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Re: Overheard at Work
« Reply #8207 on: May 12, 2015, 03:56:03 PM »
Not overheard at work, but from a former neighbor, discussing large tax bills and sacrifices:
Neighbor: "It was a really tough year for us, but we really cut our spending, and paid off $10K worth of taxes and furniture loans in that year.  So glad we don't have to live like that anymore!"

They have two mortgages on their home, spent $20K on an extended patio, both buy new SUV's/pickup trucks every other year, still have furniture loans, the works!!!  Annual income is probably about $120K combined.  I get the feeling they think they are good w/their money b/c they put a few hundred/mo in savings.  I know they contribute the 3% required to get the match on the 401K, and no IRA's.
FURNITURE LOANS! Bahahahaha!!!
Wow. I'd rather use crates and piles of clothing as furniture than go into debt for "things that hold my butt".
I did try to finance a couch when I was an idiot 21-yo second lieutenant, and thankfully was denied for shitty credit. Later, I figured out how easy it is to find good used stuff. My current couch was $1200 new, and I bought it years later for $200 from a guy who had put it in a loft and barely used it.
I did let DW talk me into a new bedroom set after she moved in, but only because I had a friend working the store who got us a deep discount. New furniture depreciation is even worse than cars... you often lose 50% or more just hauling it out the door.

But, it's interest free for the first five years at Rooms to Go, this weekend only!!  That's their logic.  Ironically, hubby noticed a commercial just the other day, and commented that by the time they pay for that interest free furniture in five years, the furniture will be worthless and long gone.  He's right, I wonder if they just let you roll the balance into your new monthly payment, like they do with cars??

WaRpBeast

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Re: Overheard at Work
« Reply #8208 on: May 12, 2015, 04:36:39 PM »
Coworker is selling his home 11ish miles away (he currently carpools with another coworker of ours) to build a house 27+ miles away, and in the mean time he'll be living with family 30+ miles away.  Yargh. 

Even if you can take the bus, it is at least an hour each way (on roads currently under heavy construction). 

I have never lived further than 2 miles from my office and have always prioritized being close to transit hubs for the off days I don't ride the bike. Even since before I followed MMM in my college years.  **shutter**

Alabaster

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Re: Overheard at Work
« Reply #8209 on: May 12, 2015, 06:13:13 PM »
Not overheard at work, but from a former neighbor, discussing large tax bills and sacrifices:
Neighbor: "It was a really tough year for us, but we really cut our spending, and paid off $10K worth of taxes and furniture loans in that year.  So glad we don't have to live like that anymore!"

They have two mortgages on their home, spent $20K on an extended patio, both buy new SUV's/pickup trucks every other year, still have furniture loans, the works!!!  Annual income is probably about $120K combined.  I get the feeling they think they are good w/their money b/c they put a few hundred/mo in savings.  I know they contribute the 3% required to get the match on the 401K, and no IRA's.
FURNITURE LOANS! Bahahahaha!!!
Wow. I'd rather use crates and piles of clothing as furniture than go into debt for "things that hold my butt".
I did try to finance a couch when I was an idiot 21-yo second lieutenant, and thankfully was denied for shitty credit. Later, I figured out how easy it is to find good used stuff. My current couch was $1200 new, and I bought it years later for $200 from a guy who had put it in a loft and barely used it.
I did let DW talk me into a new bedroom set after she moved in, but only because I had a friend working the store who got us a deep discount. New furniture depreciation is even worse than cars... you often lose 50% or more just hauling it out the door.

But, it's interest free for the first five years at Rooms to Go, this weekend only!!  That's their logic.  Ironically, hubby noticed a commercial just the other day, and commented that by the time they pay for that interest free furniture in five years, the furniture will be worthless and long gone.  He's right, I wonder if they just let you roll the balance into your new monthly payment, like they do with cars??

On a related note: how crazy is it that you can roll forward debt on cars?

Also: I heard a radio commercial today for a bank that was suggesting you take a loan for a dream car ... or vacation.
« Last Edit: May 12, 2015, 06:15:21 PM by Alabaster »

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Re: Overheard at Work
« Reply #8211 on: May 13, 2015, 06:32:15 AM »
CW mentioned yesterday having a $273 monthly phone bill.
One guy, his wife, and a teenager.
Even with an iPad... how?

Hunny156

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Re: Overheard at Work
« Reply #8212 on: May 13, 2015, 09:50:53 AM »
Co-worker qualified for the early retirement package, which included 1 year of pay and insurance premiums paid for the next 10 years or until you qualify for Medicare, whichever comes first.  He did not take it.  :(

Same co-worker complained about how much he will hate being here for the next five years until he retires.  I asked him why he didn't take the package (he could even go work elsewhere, just not in our industry), and he said that he couldn't afford it, b/c he's paying for his daughter's college.

Nice sentiment, and she is smart, getting a useful degree, and going to a state school, but I often wonder about the finances.

To save money, his wife cuts his hair, and she doesn't do it frequently.  It grows way out of shape, and then she shears him like a dog in summer, lol!

They both have solid careers - she's a nurse, he's an engineer.  House was purchased new close to 20 years ago, so the mortgage, if any, should be pretty small.  But he does go out to eat every day, and every year he trades in his Kia for another one.  I'll bet the wife and kids cars are on the same plan.

Their son is a (self-imposed) drain on them - barely made it through high school, repeatedly dropped out of college, just recently married and got the wife pregnant already, and the parents are still covering car insurance, cell phone, and probably some rent too, at this point.

Sad to see someone make such solid choices in some areas, and poor ones in other areas.  I can't imagine being in my early 60's and hating the next five years of my life.
« Last Edit: May 13, 2015, 12:56:20 PM by Hunny156 »

Gazelle

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Re: Overheard at Work
« Reply #8213 on: May 13, 2015, 01:20:16 PM »
CW mentioned yesterday having a $273 monthly phone bill.
One guy, his wife, and a teenager.
Even with an iPad... how?

There is a recurring conversation in my workplace about cable services.  I'm always the crazy person trying to convince everyone to drop it, but no one ever has the guts.

One coworker is paying Comcast over $230/month for cable, internet, and home phone.  Oh, and for renting the modem/router, a DVR, and SIX cable boxes for all of the rooms that have TVs.  The worst part is that most of that goes unused, because they have a Netflix subscription too, and the kids just watch that on their laptops/tablets/whatever.  There is also an unspecified amount that goes to paying for smartphones for CW/Spouse/3 kids.  I believe this to be $250/month minimum, but probably more.

The first time this came up, I told CW to think of all of the unwatched TV going to waste, and suggested hiring some people at minimum wage to come over and watch TV to make sure she was getting her money's worth.

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Re: Overheard at Work
« Reply #8214 on: May 13, 2015, 03:13:37 PM »
CW mentioned yesterday having a $273 monthly phone bill.
One guy, his wife, and a teenager.
Even with an iPad... how?

There is a recurring conversation in my workplace about cable services.  I'm always the crazy person trying to convince everyone to drop it, but no one ever has the guts.

One coworker is paying Comcast over $230/month for cable, internet, and home phone.  Oh, and for renting the modem/router, a DVR, and SIX cable boxes for all of the rooms that have TVs.  The worst part is that most of that goes unused, because they have a Netflix subscription too, and the kids just watch that on their laptops/tablets/whatever.  There is also an unspecified amount that goes to paying for smartphones for CW/Spouse/3 kids.  I believe this to be $250/month minimum, but probably more.

The first time this came up, I told CW to think of all of the unwatched TV going to waste, and suggested hiring some people at minimum wage to come over and watch TV to make sure she was getting her money's worth.


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Re: Overheard at Work
« Reply #8215 on: May 13, 2015, 03:59:43 PM »
The $273 number is pretty easy to come by with one of the big carriers. Let's just use AT&T...

Using Mobile Share Value, for 10 GB to share, you pay $100.

Then you add the per person device charge, which is $40. Assuming 3 people, that's $120.

Then you add 2 tablets at $20 each, so $40.

And you're already at $260. Plus tax should easily be $273. Thankfully I pay nowhere near that.

Personally I think tablets on data plans are a redundant charge. Why not just tether and use the phone as the access point? Not to mention I so rarely use the tablet in a non Wifi scenario.

Beaker

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Re: Overheard at Work
« Reply #8216 on: May 13, 2015, 04:31:56 PM »
Personally I think tablets on data plans are a redundant charge. Why not just tether and use the phone as the access point?

When I had Verizon (not so long ago) they would charge $10/mo to enable tethering. Not for the extra data, mind you, just to enable the feature.

Personally, I never really figured out why you'd want mobile data on a tablet. Whatever.

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Re: Overheard at Work
« Reply #8217 on: May 13, 2015, 07:01:37 PM »
Personally I think tablets on data plans are a redundant charge. Why not just tether and use the phone as the access point?

When I had Verizon (not so long ago) they would charge $10/mo to enable tethering. Not for the extra data, mind you, just to enable the feature.

Personally, I never really figured out why you'd want mobile data on a tablet. Whatever.

My entire bill is $10.00+tax.  So someone with Verizon pays as much just to tether something as I pay total..... 

And they wonder why they are broke.

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Re: Overheard at Work
« Reply #8218 on: May 14, 2015, 07:06:48 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

TexasStash

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Re: Overheard at Work
« Reply #8219 on: May 14, 2015, 07:15:41 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

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Re: Overheard at Work
« Reply #8220 on: May 14, 2015, 07:29:22 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

Payday for me is tomorrow, and I do get excited for it. But that is mostly becuase I'm currently set up on a pretty razor thin budget to meet my short-term savings goals; I am down to $22 in my personal use bucket.

CabinetGuy

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Re: Overheard at Work
« Reply #8221 on: May 14, 2015, 07:31:20 AM »
I may have told this story before, if so I aplogize.  I know a fellow cabinet installer who's always bragging how much money he makes every year, yet he has to travel out of town to get work because he's a hack and burns bridges.  But I digress...

He was working up in Boston last year and could not believe that most of the carpenters up there had second homes in NH, and could not care less that it was Friday (ie payday.) he tells me he had to run to pick up his paychecks so nothing would bounce.  But his reasoning was that they made so much more per hour.  I don't think it occurred to him that these guys were pros and most likely were better at handling their money than he was.


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Re: Overheard at Work
« Reply #8222 on: May 14, 2015, 07:47:26 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

Payday for me is tomorrow, and I do get excited for it. But that is mostly becuase I'm currently set up on a pretty razor thin budget to meet my short-term savings goals; I am down to $22 in my personal use bucket.

I still get excited every payday, especially the middle of the month.  This is the paycheck I don't spend. 

Pooperman

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Re: Overheard at Work
« Reply #8223 on: May 14, 2015, 08:11:11 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

Payday for me is tomorrow, and I do get excited for it. But that is mostly because I'm currently set up on a pretty razor thin budget to meet my short-term savings goals; I am down to $22 in my personal use bucket.

I still get excited every payday, especially the middle of the month.  This is the paycheck I don't spend.

I get paid and bills get paid. I always check out my paycheck to make sure it makes sense, and it makes me happy to see my NW rise since it drops from the first through the 15th (first paycheck). Got a new job which will reverse this. I'll be paid on the 1st and 15th (instead of 15th and last). It'll be sad to watch the NW decline from the 15th onward :(.

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Re: Overheard at Work
« Reply #8224 on: May 14, 2015, 08:14:54 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

Payday for me is tomorrow, and I do get excited for it. But that is mostly becuase I'm currently set up on a pretty razor thin budget to meet my short-term savings goals; I am down to $22 in my personal use bucket.

I still get excited every payday, especially the middle of the month.  This is the paycheck I don't spend.
This. I live on a very tight budget with a 60% SR on a 28k income. This means that I have a shitton of surplus but I like to roleplay that I have some kind of crippling wasteful addiction that causes me to spend 60% of my income and forces me to live paycheck to paycheck. The addiction is, of course, buying Vanguard. Every payday I work out again how much I can spend right now and still pay my bills, and I cut it tightly, so I fit right in with the normal workers.
On which note, today is a payday. I've already bought all I can afford to buy in May, trusting that the paychecks from the next two weeks will give me enough for rent.

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Re: Overheard at Work
« Reply #8225 on: May 14, 2015, 08:40:27 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

Payday for me is tomorrow, and I do get excited for it. But that is mostly becuase I'm currently set up on a pretty razor thin budget to meet my short-term savings goals; I am down to $22 in my personal use bucket.

I still get excited every payday, especially the middle of the month.  This is the paycheck I don't spend.
This. I live on a very tight budget with a 60% SR on a 28k income. This means that I have a shitton of surplus but I like to roleplay that I have some kind of crippling wasteful addiction that causes me to spend 60% of my income and forces me to live paycheck to paycheck. The addiction is, of course, buying Vanguard. Every payday I work out again how much I can spend right now and still pay my bills, and I cut it tightly, so I fit right in with the normal workers.
On which note, today is a payday. I've already bought all I can afford to buy in May, trusting that the paychecks from the next two weeks will give me enough for rent.

Yes. I keep myself on a very tight budget. My roommate, who makes 1/3 what I do, is freer with her money than I am. I also keep very little in my checking account. It's effective for me. The more money I see, the more I'll spend. I'm working on it though.

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Re: Overheard at Work
« Reply #8226 on: May 14, 2015, 08:42:26 AM »
I've been working in the same department for about 7 years and given our rate of new hires, am now an "older" employee, despite being 30. The other day, the following exchange occurred with a new CW that makes 60% less than me.

Me: Hey, you have a good weekend?
CW: Yeah, my friend visited and we went shopping. I like having a job now where I have a bunch of money to spend
Me: (wincing internally). Yeah, a paycheck sure is nice. You at least get anything fun?
CW: No, Just a pair of jeans. They were $200, but I find the nice ones last longer, you know?
Me: I don't know, I just get mine from Kohls.
CW: Ugh, no way I would do that... you gotta look good man.

The conversation ended as it was time for me to grab my packed lunch and eat quietly at my desk. Frankly (and my perspective is probably now different as I'm married), but Im perfectly happy judging my self-worth in front of my computer checking my increasing balances than standing in front of a mirror.


Another exchange with a different CW (very stereotypical here, but funny nonetheless)

CW: Hey, my new Iphone came today, I can finally get rid of this crappy 5.
Me: Nice, I heard you can still sell those for a good bit of money on ebay.
CW: Nah, doing that stuff is a ton of work. I'll probably just keep it as a backup, or junk it.
Me <slightly puzzled look>: Hmm. You should try it, it takes about 10 minutes to list something at most. I'm sure you could earn a higher hourly rate than working here by selling it.
CW <staring at me as if I vomited on their shirt>: Wow, nerd alert, who thinks of their time like that?


Fortunately I have likeminded family members that can fill my need to engage in more mustachian conversations.

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Re: Overheard at Work
« Reply #8227 on: May 14, 2015, 09:14:58 AM »
CW: Hey, my new Iphone came today, I can finally get rid of this crappy 5.
Me: Nice, I heard you can still sell those for a good bit of money on ebay.
CW: Nah, doing that stuff is a ton of work. I'll probably just keep it as a backup, or junk it.
Me <slightly puzzled look>: Hmm. You should try it, it takes about 10 minutes to list something at most. I'm sure you could earn a higher hourly rate than working here by selling it.
CW <staring at me as if I vomited on their shirt>: Wow, nerd alert, who thinks of their time like that?
"I'll pay you $50 right now for that old iPhone 5"

Pooperman

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Re: Overheard at Work
« Reply #8228 on: May 14, 2015, 09:24:54 AM »
CW: Hey, my new Iphone came today, I can finally get rid of this crappy 5.
Me: Nice, I heard you can still sell those for a good bit of money on ebay.
CW: Nah, doing that stuff is a ton of work. I'll probably just keep it as a backup, or junk it.
Me <slightly puzzled look>: Hmm. You should try it, it takes about 10 minutes to list something at most. I'm sure you could earn a higher hourly rate than working here by selling it.
CW <staring at me as if I vomited on their shirt>: Wow, nerd alert, who thinks of their time like that?
"I'll pay you $50 right now for that old iPhone 5"

I woulda done that. I've actually had people give me their old electronics they don't want. Free money is free and I'll make the time to hustle to get it.

Tjat

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Re: Overheard at Work
« Reply #8229 on: May 14, 2015, 09:49:01 AM »
That would have been the smart thing to do. However, my mustachian muscles are still forming, so my first reaction was to stop at internally mocking ;)

zephyr911

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Re: Overheard at Work
« Reply #8230 on: May 14, 2015, 10:05:02 AM »
Yes. I keep myself on a very tight budget. My roommate, who makes 1/3 what I do, is freer with her money than I am. I also keep very little in my checking account. It's effective for me. The more money I see, the more I'll spend. I'm working on it though.
I'm almost 37 and I still have to do that. It's sort of embarrassing in the presence of Badasses, but oh well, it works. $30K->$250K in five years... could do worse.

I find it amusing that my wife (who makes, and spends, about 1/3 of what I do) doesn't feel comfortable without a $2-3K "cushion" in her checking account (we maintain mostly separate finances, though we freely transfer for convenience or need). I can't keep that much around without getting antsy. My cushion consists of diversified income streams and overdraft protection. I try to have every dollar allocated ahead of time, to avoid impulse buying.

Anywho, sorry to ramble... I say good on ya. Whatever works for you is the right approach.

MrMoogle

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Re: Overheard at Work
« Reply #8231 on: May 14, 2015, 11:15:37 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

Yup, I got paid today too.  Similar circumstances.  I'm pretty quiet, so I just make a mental note when people get excited about it.  I usually transfer money over about once a month to Vanguard, basically whenever I think about it.  The closer I get to RE, the less I seem to care about it...

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Re: Overheard at Work
« Reply #8232 on: May 14, 2015, 11:22:29 AM »
Quote
Me: I don't know, I just get mine from Kohls.
CW: Ugh, no way I would do that... you gotta look good man.

Screw that guy! Almost my entire civilian wardrobe consists of a series of Christmas gifts from my MIL bought from Kohls. I look damn good on the weekend.

MgoSam

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Re: Overheard at Work
« Reply #8233 on: May 14, 2015, 11:36:35 AM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

For payday, the only reason I really know is that one of my tasks is to sign them and hand them to all of the employees.

Yup, I got paid today too.  Similar circumstances.  I'm pretty quiet, so I just make a mental note when people get excited about it.  I usually transfer money over about once a month to Vanguard, basically whenever I think about it.  The closer I get to RE, the less I seem to care about it...

Your call of course, but have you thought about automating your investments towards Vanguard?
« Last Edit: May 14, 2015, 01:37:09 PM by MgoSam »

gimp

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Re: Overheard at Work
« Reply #8234 on: May 14, 2015, 12:19:21 PM »
I'm not sure, but I suspect we get paid Thursdays because direct deposit (ACH, right?) takes less time than it used to.

Only in the past four or so years: It used to be friday afternoons, then it was in the bank first thing friday morning, then occasionally it would end up in the bank as it closed on thursday late afternoon, now it's there mid-day thursday. Granted, the first three was one company and the last two was my current employer, but given the overlap, I suspect it's all the same process. It gets authorized tuesday or something, 3 business days means friday, but now turnaround times are better than they used to be.

That is my hunch. I don't know shit. Anyone in HR or normal-people banking (commercial banking, right?) know if that's the case?

dragoncar

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Re: Overheard at Work
« Reply #8235 on: May 14, 2015, 12:59:21 PM »
I'm not sure, but I suspect we get paid Thursdays because direct deposit (ACH, right?) takes less time than it used to.

Only in the past four or so years: It used to be friday afternoons, then it was in the bank first thing friday morning, then occasionally it would end up in the bank as it closed on thursday late afternoon, now it's there mid-day thursday. Granted, the first three was one company and the last two was my current employer, but given the overlap, I suspect it's all the same process. It gets authorized tuesday or something, 3 business days means friday, but now turnaround times are better than they used to be.

That is my hunch. I don't know shit. Anyone in HR or normal-people banking (commercial banking, right?) know if that's the case?

Is your pay date still friday (on pay stub?). If so, then your hunch is probably right.  They transmit ACH a day early so it gets into accounts on pay date even in worst case.  I know I get mine Friday midnight.  But it's eastern time so I usually see it in my account on Thursday night.

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Re: Overheard at Work
« Reply #8236 on: May 14, 2015, 01:05:33 PM »
It may be mustachian to save $25, but there are times when demonstrating your ability to spend $25 without a fuss is a huge selling point.  If I don't know you, I don't know if you're frugal or maybe you can't afford $25 on short notice, and if you can't afford that, I can't afford to rent to you.
YOU want a tenant. YOU want a credit check. Why shoudl anybody else then YOU pay for things YOU want?

If a landlord balks at paying $25 for a credit check, wants a up-front payment, argues about the deal or is otherwise rude or unpleasant, I would politely move on to other applicants.

It depends on the market. Tampa Bay is a landlord's market, so renters pay. In 2000, I remember my parents and I (having moved to FL) had our rental application fees waived, there were lots of apartment complexes advertising "No Application Fee, First Month Free, Security Deposit 1/2 Off". I haven't seen that in the last few years. That was a good renter's market with deals.

It obviously depends on the market.  McDonalds could try to charge a $10 application fee to buy a burger, and require all diners to pay $25 for a background check.  But as consumers, we typically expect businesses to handle their own costs of doing business and incorporate it into the final price.  We get mad that Ticketmaster wants to charge us a $5 convenience fee to print our tickets at home, and likewise we get mad when landlords want to charge us $25 to run a credit check that benefits them alone.

In many states, there are laws regarding prejudice and renting a place is on a first come first serve basis. So if you send in a $25 application fee, but you're 4th in line. The landlord wouldn't necessarily run a credit check on you before they have checked out the earlier applicants. In that case you can get your $25 back. Sometimes if you pass the checks, the landlord will actually credit you back the $25, if you sign the lease.

dragoncar

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Re: Overheard at Work
« Reply #8237 on: May 14, 2015, 03:02:56 PM »
It may be mustachian to save $25, but there are times when demonstrating your ability to spend $25 without a fuss is a huge selling point.  If I don't know you, I don't know if you're frugal or maybe you can't afford $25 on short notice, and if you can't afford that, I can't afford to rent to you.
YOU want a tenant. YOU want a credit check. Why shoudl anybody else then YOU pay for things YOU want?

If a landlord balks at paying $25 for a credit check, wants a up-front payment, argues about the deal or is otherwise rude or unpleasant, I would politely move on to other applicants.

It depends on the market. Tampa Bay is a landlord's market, so renters pay. In 2000, I remember my parents and I (having moved to FL) had our rental application fees waived, there were lots of apartment complexes advertising "No Application Fee, First Month Free, Security Deposit 1/2 Off". I haven't seen that in the last few years. That was a good renter's market with deals.

It obviously depends on the market.  McDonalds could try to charge a $10 application fee to buy a burger, and require all diners to pay $25 for a background check.  But as consumers, we typically expect businesses to handle their own costs of doing business and incorporate it into the final price.  We get mad that Ticketmaster wants to charge us a $5 convenience fee to print our tickets at home, and likewise we get mad when landlords want to charge us $25 to run a credit check that benefits them alone.

In many states, there are laws regarding prejudice and renting a place is on a first come first serve basis. So if you send in a $25 application fee, but you're 4th in line. The landlord wouldn't necessarily run a credit check on you before they have checked out the earlier applicants. In that case you can get your $25 back. Sometimes if you pass the checks, the landlord will actually credit you back the $25, if you sign the lease.

As it should be.  If it's really a "don't waste my time" deposit, that's fine.  But it's not the norm anywhere I've ever rented.

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Re: Overheard at Work
« Reply #8238 on: May 14, 2015, 04:43:09 PM »
A couple days ago I was in a briefing that lays out our financial entitlements for when we conduct our change of station moves (per diem, mileage, hotel reimbursements).  I'm going to get $.23 per mile for the precise mileage it takes to drive from here to my next duty station.  I did the math and with my 34 mpg car I'll be making a 200% profit on that rate.  There was an officer in the room (LT or CPT I couldn't tell) who raised his hand and asked if he could get a higher rate because of the (some ridiculous SUV) he drove that required premium gasoline.  The young soldier giving the briefing politely explained that there is only one mileage rating, and the rest of us in the room tried not to smirk too much.

RWD

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Re: Overheard at Work
« Reply #8239 on: May 14, 2015, 05:44:00 PM »
I'm going to get $.23 per mile for the precise mileage it takes to drive from here to my next duty station.

That's the standard federal rate for moving. Interesting that the rate has actually decreased over the last couple years.
http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates

gimp

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Re: Overheard at Work
« Reply #8240 on: May 14, 2015, 06:25:03 PM »
I'm not sure, but I suspect we get paid Thursdays because direct deposit (ACH, right?) takes less time than it used to.

Only in the past four or so years: It used to be friday afternoons, then it was in the bank first thing friday morning, then occasionally it would end up in the bank as it closed on thursday late afternoon, now it's there mid-day thursday. Granted, the first three was one company and the last two was my current employer, but given the overlap, I suspect it's all the same process. It gets authorized tuesday or something, 3 business days means friday, but now turnaround times are better than they used to be.

That is my hunch. I don't know shit. Anyone in HR or normal-people banking (commercial banking, right?) know if that's the case?

Is your pay date still friday (on pay stub?). If so, then your hunch is probably right.  They transmit ACH a day early so it gets into accounts on pay date even in worst case.  I know I get mine Friday midnight.  But it's eastern time so I usually see it in my account on Thursday night.

Yes, my pay date is Friday, but I get dollas in the bank on Thursday. Just checked. Nice.



I'm going to get $.23 per mile for the precise mileage it takes to drive from here to my next duty station.

That's the standard federal rate for moving. Interesting that the rate has actually decreased over the last couple years.
http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates

Yep. I was hoping for 56 cents but apparently moving is only 23 cents. Still got a few hunnert back on tax returns for the 2014 year. That's the rate, whether you drive a 49cc bike or an 8-liter v12 tank. (I don't know what displacement tank engines have, actually. But I know a guy put one in his car once. Insane torque.)

LeRainDrop

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Re: Overheard at Work
« Reply #8241 on: May 14, 2015, 08:12:34 PM »
Me <slightly puzzled look>: Hmm. You should try it, it takes about 10 minutes to list something at most. I'm sure you could earn a higher hourly rate than working here by selling it.
CW <staring at me as if I vomited on their shirt>: Wow, nerd alert, who thinks of their time like that?
LOL, that is absolutely hilarious!

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Re: Overheard at Work
« Reply #8242 on: May 15, 2015, 11:13:28 AM »
Me <slightly puzzled look>: Hmm. You should try it, it takes about 10 minutes to list something at most. I'm sure you could earn a higher hourly rate than working here by selling it.
CW <staring at me as if I vomited on their shirt>: Wow, nerd alert, who thinks of their time like that?
LOL, that is absolutely hilarious!

*Raises hand...

I was super proud of myself yesterday - I needed to get plane tickets, and AA offered me $100 off the fare if I signed up for their card.  Took all of maybe 30 minutes from start to finish (had to call in to confirm some stuff), but that's exactly how I put it - I don't usually get paid $200/hr!  :)

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Re: Overheard at Work
« Reply #8243 on: May 15, 2015, 12:50:01 PM »
Coworker just danced by "It's payday!!! Is everyone super excited!"

I resisted the urge to say "is it really?" because the last time I did that people were shocked.  I didn't know today was payday (on a Thursday?)

I have no idea when we get paid as it doesn't matter.  I mean, I would notice if the company stopped depositing the money, and I would certainly be annoyed about it- but the day I get the money is meaningless to me.

Yup, I got paid today too.  Similar circumstances.  I'm pretty quiet, so I just make a mental note when people get excited about it.  I usually transfer money over about once a month to Vanguard, basically whenever I think about it.  The closer I get to RE, the less I seem to care about it...

Haha when I got paid every two weeks, I often had no idea when payday was. Someone would ask and I'd have no idea. Now it's easy, since I'm salaried and we're paid on the 15th and last day of the month- but I might have to check the date to answer that question. :P

frugalnacho

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Re: Overheard at Work
« Reply #8244 on: May 15, 2015, 01:50:33 PM »
A couple days ago I was in a briefing that lays out our financial entitlements for when we conduct our change of station moves (per diem, mileage, hotel reimbursements).  I'm going to get $.23 per mile for the precise mileage it takes to drive from here to my next duty station. I did the math and with my 34 mpg car I'll be making a 200% profit on that rate.  There was an officer in the room (LT or CPT I couldn't tell) who raised his hand and asked if he could get a higher rate because of the (some ridiculous SUV) he drove that required premium gasoline.  The young soldier giving the briefing politely explained that there is only one mileage rating, and the rest of us in the room tried not to smirk too much.

Are you only including gas? Or maintenance and depreciation also? It's amazing if your true cost to own and operate a car is only 12.5 cents/mi.

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Re: Overheard at Work
« Reply #8245 on: May 15, 2015, 01:55:35 PM »


That's pretty funny. I have elements of both in my experience. I'm excited for payday, but it's mostly because I am anxious to shift even more money into my taxable accounts. Like you, it doesn't matter to me which exact day the money comes. My lifestyle and ability to pay bills is unaffected.

I love payday. Mainly because on payday Friday I let myself get a doughnut :) So really, I'm most excited about the doughnut :)

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Re: Overheard at Work
« Reply #8246 on: May 15, 2015, 02:57:32 PM »
I'm going to get $.23 per mile for the precise mileage it takes to drive from here to my next duty station.

That's the standard federal rate for moving. Interesting that the rate has actually decreased over the last couple years.
http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates

We have different rates for different transport types: car, bike, motorcycle, boat,snowmobile, etc. My favorite, and it really is in the list, is reindeer. The rate is the same as biking; $.27 /km. According to some collegues of mine, you can get double rates if you use two reindeer, but anything above that would be just for show, so it is capped at two.

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Re: Overheard at Work
« Reply #8247 on: May 15, 2015, 07:01:36 PM »
I'm going to get $.23 per mile for the precise mileage it takes to drive from here to my next duty station.

That's the standard federal rate for moving. Interesting that the rate has actually decreased over the last couple years.
http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates

We have different rates for different transport types: car, bike, motorcycle, boat,snowmobile, etc. My favorite, and it really is in the list, is reindeer. The rate is the same as biking; $.27 /km. According to some collegues of mine, you can get double rates if you use two reindeer, but anything above that would be just for show, so it is capped at two.
I want to take reindeer to work!

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Re: Overheard at Work
« Reply #8248 on: May 16, 2015, 09:39:05 PM »
My coworker is about to go back to school. I was discussing how when I attended the same program I used to ride the bus (free with student ID) to save money on parking. Oh, no, he says, he'd rather drive every day, even though he lives literally right on the other side of campus. He could walk, but it's further than he wants to walk. My guess would be a 20-30 minute walk or less if he took the campus shuttle bus. By the time he gets across campus by car in horrific morning traffic, parks, and walks in, he's going to take almost that long. But he wants the extra sleep, which he doesn't seem to realize is going to be maybe 5-10 minutes a day. He reasons he's already borrowing a ton of money for school and what's a little more for parking. The only reasoning he had which would have held any water for me is that if he wanted to go somewhere right after class he'd want his car right there rather than having to hike back and get it.

I just looked it up and a parking pass costs about $300 a year, or more like $750 if you want garage access, which he does. I also think he may not realize that the garage pass probably will not get him access to the garages most convenient to our program.

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Re: Overheard at Work
« Reply #8249 on: May 17, 2015, 05:26:47 AM »
I'm happy for payday each month as it gives me a chance to calculate our net worth. :0