#financial shit

[corruptedclarity]

GOOD MORNING GOOD AFTERNOON GOOD EVENING I JUST PAID OFF MY LOAN THAT CONSTITUTED THE SECOND HIGHEST DEBT PAYMENT EACH MONTH AFTER MY MORTGAGE

[sweetfirebird]

Was doing my banking/bill paying just now and my bank was like, "you should make a wealth plan". And don't get me wrong, rich people stay rich (by being cheap assholes and shitty bosses) by taking money they already have and using it to passively make more money. So out of curiosity, and yes procrastination, I clicked the link. And... it is hilarious how a bank that clearly knows my income and spending habits to the penny is really, REALLY pushing me to invest.

Wall Street has taken... let's just say everything.. from regular people in terms of interest rates, inflation, speculation leading to lost retirement finds, making health care profit-based etc... And now they are trying to tell random working poors with NO investment experience (or friends of their dads who know things about markets) to take their "idle cash" and invest it on their own with no guidance???

Idle cash btw usually means "for emergencies" to a poorer person. And yeah, savings accounts are nice but savings accounts at this point offer such little interest that for smaller amounts of money... it's not really worth it for someone who might then need that money for an emergency and get a financial penalty for removing the money from the savings account.... Their own money. From their own account. Because the bank is making a ton of profit off that money being in that account and in return you are getting... fractions of pennies.

*deep breath*

To take your money and turn it into more money, you need more money to begin with. That's just a fact. A bank that makes billions off overdraft fees (again, for the poor) alone telling you to set aside money --not even in a savings account which I could at least see as *sort of* for the poor person's benefit-- but to use it to invest?!?!!

And where are they gonna get investment advice? From the bank? And this bank has this working person's dreams and well being at heart do they???

I can't even imagine how many billions this bank will make off transaction fees, penalties etc from struggling people trying to get a leg up this way.

Anyway. I'm not saying someone couldn't get some returns from the stock market, but we all watched how Wall Street reacted when some poors actually did that for once so....

[18kgold]

Financial people, holy shit. I’m just letting them talk and occasionally saying mmhmm or whatever at this point. 50 minutes, and about 20 of that, at most, was useful to anyone in any real way.  

Partly that’s my fault, because I just don’t give a shit about the economy, or trade details, or the market, any of that virtual reality gaming that has nothing at all to do with actual life. Although I learned everything financial from my mom and have the same outlook and proclivities (and these are my mom’s people), I’m never going to get as involved as she was, because it takes up waaaay too much brain capacity that I would prefer to use for more important things (brushing my teeth, etc.). Are they thinking in line with what I need, and trustworthy? Can they make sure that I can afford food and shelter and medical expenses (oh, the medical expenses!) for the rest of my life? That’s all I need to know, really! 

(Although later on I will need to find out if I can make a will that has any legal force; it’s... not always so clear how that works out with inherited money in a trust. Regardless, it means nothing right now since it’s all still being formed/half-baked; nor will there be a significant amount left if I live more than another ~30 years. In any case, if I put something in writing, I’d be surprised if my sis doesn’t basically follow my wishes.)

[paperliings-blog]

and life decided to happen.

Y’all I hate doing this, but I need some help paying my credit card bills. I’ve been unemployed since I moved back to TX and just got offered a job so I have no income right now and no way to pay my bills. I have a $25 and a $35 minimum payment that are due this Monday but I currently only have 8 bucks in my account. I’ve used up all my savings and most of my credit paying back my medical bills and most of my money was used to settle things back in Virginia before I moved. I’m struggling a bit right now in regards to finances and if you guys donate, know that I appreciate it with all my heart. I hate asking for money because I feel like shit like I could’ve prevented this from happening, but I have no means to get the money until I get a paycheck, which won’t be soon. You’ll be helping me out a lot. 

My paypal link is: paypal.me/katrinajoyceb

Once again, I love all of you and I appreciate any amount of donations. I never know what to say in these things so I may not sound sincere but know I appreciate y’all. Thank you. 

[18kgold]

Oof, that went well at least. Partly because, at the moment, it’s mostly just a nebulous rundown on how things are going to work, and the one big complication -- apparently, ‘housing’ is not typically within the purview of a special needs trust, because I guess the disabled all live with their parents or don’t pay rent or something?? I don’t fucking know -- is something for their end to figure out, and they have three years to do that (i.e. roughly how long my dad’s money will last).

I was gratified that all my estimates were accurate. Also, it is super super helpful that I got all my financial habits from my mom, ‘cause these were my mom’s people and I was able to say, ‘You can assume that my planning and preparation instincts are exactly the same as my mom’s would have been.’ So they were able to understand what I’m going for with very little effort -- which is, of course, exactly what my mom would have wanted.

[roseulqrtz]

one thing im looking forward to tomorrow is going to my local community fridge to get some food because i am absolutely broke... I am so grateful for community.

[tobaccosmain]

The course I want to do online is 83 dollars and I was so excited till I realised that was US dollars and when converting it, that was about 132 AUD.

Its horrible how bad the AUD is now. Im drowning and I was just hoping to do a short course to get myself out of the pit I'm in. But god knows I dont have 132 dollars to fork out.

[rainbadinosaur]

Oh boy, bc I've been so consistent in my auto pay credit bill they gave me 7 WHOLE american dollars as a give back which brought my checking account out of the red by $2 🫡