swasat
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Post by swasat on May 28, 2014 12:22:00 GMT -5
So rainyday's thread and the rambling on laralei's thread made me think what a BAD YM'er I am. Lowest of the YM scum What have you done or have been given/gifted that makes you the leech/scumbag/mooch/dependent/40yo-destined-to-live-in-parents-basement douchebag that YM loves to berate? I'll start. - Never worked a W2 job in HS or in college. - Parents fully paid my undergrad tuition. Every. Single. Dime. - Lived at home while in college - Lived at home for 4 months (I was 22yo!!) after graduating and getting a job - Had a midnight curfew while in HS and a 1 am curfew in college (since I lived with parents) - DH and I both drive luxury cars, bought brand new (the ultimate YM sin) - We take a LOT of vacations (another sin) - I supported (emotionally, not financially) DH while he did his MBA 5 years ago (should've filed the D papers!) - We are NOT landlords - We don't pay out kids any money for their chores. - No plans to kick the kids out at 18 - Liberals here. Don't mind paying taxes or my tax dollars going to feeding kids school lunches. I am destined to be a destitute, cat food eating adult, living in my parents basement
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Cookies Galore
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I don't need no instructions to know how to rock
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Post by Cookies Galore on May 28, 2014 12:28:43 GMT -5
My Dad and stepmom paid for the bulk of our wedding (they offered!) even though hubs and I are 32 and 35 and have been living together for six years before the wedding. They also gave us seed money to start our house fund ($5000) AND gifted us a week at their timeshare. We are truly scum!
I also have a journalism degree, lived at home my senior year of college, and continued to live at home for a couple of years after graduation for exactly zero reason.
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on May 28, 2014 12:34:18 GMT -5
We have a child and are having another despite not having a fully funded retirement and $300k in savings
I didn't discuss either pregnancy with my boss beforehand to make sure it was convenient for him first
I take maternity leave as I am legally entitled to do so despite the fact I am the sole employee in the lab, which makes it interesting to figure out how we're going to deal with me being gone for 8 weeks.
I took an extra $5k in student loans to go to Borneo when I was in college
I'm $30k in student loan debt via going to a private university
My grandmother paid the entire EFC for my two years at Simpson
I lived at home while not in school
I currently rent from my parents
We're not landlords
I haven't made my 3.5 year old start buying her own clothes yet or get a job. McD's is currently hiring.
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Deleted
Joined: Oct 9, 2024 16:18:37 GMT -5
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Post by Deleted on May 28, 2014 12:40:25 GMT -5
Parents paid for 90% of my college education- a summer job covered the rest. We did the same for DS.
We're gonna get a big-azz refund from the Feds next year ($4-$5K). I was paid only through 7/1 (with some unused vacation days on top of that) and don't anticipate making any more $$ from wages this year. On top of that, my dental implants and the huge health insurance premiums will be enough that many of our unreimbursed medical/dental expenses will be tax-deductible. (DH is 75 so the 7.5% threshold applies.)
What's sad is that there's not a darn thing we can do about it except file as soon as we can in 2015. As I've noted earlier, I made the decision to retire rather abruptly so the 2014 withholding was done as if my earnings would be at that rate all year.
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gooddecisions
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Post by gooddecisions on May 28, 2014 12:50:16 GMT -5
haha, I'll play: -Parents paid for 100% of college education (including room and board) and didn't guilt me or punish me after I almost flunked out- in fact they lifted me up and I was able to return, finish and earn a good living with my diploma -Parents bought a used car for me and my sister to share. They paid for car insurance from 16-22. Neither one of us were expected to repay them -We had no curfew, ever- not in high school and most definitely not in college -Parents encouraged me to live at home after graduating to save up money- I did for 8 months. They didn't charge me anything, expect a bunch of chores that I never had to do before and (gasp) this cushy experience didn't lead to me sponging off them the rest of my life either. As an adult, I do everything right of course. Jury is still out on the parenting I provide for my kids. But, much like my up-bringing, I am pretty laid-back. I've said it once and I'll said it again. As a parent you can do everything right and it turns out wrong or everything wrong and it turns out right.
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Nazgul Girl
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Babysitting our new grandbaby 3 days a week !
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Post by Nazgul Girl on May 28, 2014 12:58:39 GMT -5
You guys are pretty scummy. Lessee....
1. We have owned condos at Disney World, both of which are sold. Evil, evil timeshare condos. One we used for eight years, and took a small loss on. The other was the new one which we decided to ditch the same year that we bought it, so we took a smaller loss on it because the years of the timeshare had not been used. Both were on Disney property.
2. I like jewelry. Sometimes, I buy jewelry. I have no use for jewelry.
3. We have lost $ 3500 on real estate transactions.
4. We eat out pretty much when we feel like it.
5. Once in a great while, we carry a credit card balance.
6. I'm not working until I'm 95 y.o.
7. We have helped DD financially from time to time. She always works, very hard, but has had some difficulties which I promised her that I would never talk about on here ( difficulties of disease ), so I shan't.
8. I like to travel twice a year, one small vacation, one larger vacation. I hated the winter from hell and would sacrifice part of our Roth contribution for 2014 to get out of the winter if I had to. We don't have to, luckily, but I would if I did have to.
Now, I really feel happy to have confessed my various evil deeds and bad attitudes.
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Abby Normal
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Post by Abby Normal on May 28, 2014 12:59:42 GMT -5
-I do not have a STEM degree -My 401k is not maxed -I have a Starbucks habit -I have loaned money to family - I worked through my pregnancy and did not take much maternity leave and took baby to work with me for months.
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Deleted
Joined: Oct 9, 2024 16:18:38 GMT -5
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Post by Deleted on May 28, 2014 13:02:46 GMT -5
Pfftt, bunch of amateurs! - my wife and I did not get our first PT jobs till college - between the two of us we have ~150k in student loan debt - my wife just bought a brand new 2013 Mini Cooper. We only put 4k down and financed the rest (27k). - we just bought a new house for 320k after all is said and done. - my wife just ordered a $500 coffee table for our living room - we spent 1k on blinds instead of using sheets - I just spent $240 on supplements (protein shake, BCAA, fish oils, multivitamins, etc). - our EF is down to only 2k and we are not freaking out - we are planning a honeymoon/trip to celebrate 6 years anniversary in August - I have 7 phones on my plan and don't charge my parents or siblings. The list could go on but you get the idea
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zibazinski
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Post by zibazinski on May 28, 2014 13:04:56 GMT -5
I don't have a STEM degree. I still support DD so she doesn't work while going to school. Btw, she does very well. I pay for DSs car payment and insurance. . I feel since he bought his car in HS with minimal help from me and I gave one to DD, this is fair. I also gave each kid almost 14k in stock this year and intend to do the same next year.
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sheilaincali
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Post by sheilaincali on May 28, 2014 13:06:01 GMT -5
Ok- here goes: - parents paid for the first half of my education (Uncle Sam and I paid for the second half) - When I left the military my parents and I rented a townhouse that my parents owned - I work for my parents now - When we were unemployed and moving from CA back to MN my dad flew out to CA and helped us drive the uhaul and my car across the country - my parents bought all 4 of us cars when we were 16 (decent used cars that were like 2 years old) - I did work part time for my dad but I wasn't responsible for any regular bills - When I'd go shopping I'd put the things I wanted on hold and my parents would go back and buy them or send me back with their credit card. - my parents had a charge account at the local full service station. I didn't pump my own gas until I was I college and had to ask someone to show me how to do it. (ok that ones a bit embarrassing) - I worked because I liked it- my sister worked at Dad's after I left for college. My brothers never worked until after college - my older brother half ass works here when he needs money and my parents give him $600 as a monthly stipend and loan him between $7,000 and $10,000 every year to cover his bills. He just finished his PhD and is 43 with a wife and 3 kids. He has no plans for the future now that he's finally, after 20 plus years, done with school.
The kid: - we never say No to him about school/educational things. We happily pay for him to do Robotics, Engineering, Knowledge Bowl, Youth In Government, History Club and the resulting Competitions his trip to Germany, etc. - He has a kindle and buys books all the time on our account. We are fine with it because the devices are all synched and we like some of the same authors - He gets a $20 a week allowance but we still buy him all of his clothes and school supplies
We are very seriously looking at downsizing once he graduates high school, selling our house and renting an apartment in Minneapolis. We plan to pay for as much of DS' college as we can. Obviously that depends on where he ends up going. Right now he's looking at reasonably priced schools.
DS is an only child and he is well aware of our plans to follow him wherever he lands post college (once he settles down and gets married that is).
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Sam_2.0
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Post by Sam_2.0 on May 28, 2014 13:06:38 GMT -5
We are buying another house and taking on two mortgages without 6 months of emergency fund. In fact, I just sent the 401k snapshot over as they are counting that as our emergency fund.
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cael
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Post by cael on May 28, 2014 13:14:54 GMT -5
-my parents paid for about half of my college education (with loans) -I got my first real job at 17, not 12 -I lived at home about 2 years after graduating college -we just moved in with my parents to pay CC debt off and save up for a house (and to get away from an issue at our apt building..) -DH got laid off almost 3 years ago and collected for a year and a half while he went to school -I bought lunch out today because I woke up too late to pack anything and can't go home on my lunch hour anymore -my EF currently sits at a whopping $500 (no, there are no 0s missing) -we haven't funded DH's retirement since he got laid off almost 3 years ago -we're planning a Greece trip with my SIL while we're living rent-free with my parents (we figure we need to do it before we get bogged down with mortgage/kids) ...but I DO have a STEM degree
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whoami
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Post by whoami on May 28, 2014 13:20:43 GMT -5
I've said it once and I'll said it again. As a parent you can do everything right and it turns out wrong or everything wrong and it turns out right. I like this statement. My sins..... I've blown $10K in the last 2-3 months on clothes, hair extensions, Botox and a new Louis Vuitton bag. We are taking multiple vacations this year, which will probably run around $30K. I have a new car (bought last Sept) with all the bells and whistles. We aren't poor and I'm not driving a POS. I dont care about depreciation. I pay $20 a month for XM radio and the navigation thing for my car. I didn't fully fund my IRA. Its not deductible, so IMO no point. I regularly buy first class airfare. I don't stay in fleabag hotels. We have the unlimited everything family plan on our cell phones. We all have smartphones. I didn't throw my kids to the wolves at 18. I valet the car at the airport even though we can park in the employee parking lot for free. I pay $55 a day to kennel my dog. I still help my 22 year old out financially even when he makes stupid choices. While I'm willing to let him suffer a bit, I'm not willing to risk his safety to prove a point. I shelled out $900 for tires for him last week even though he has known he needed tires for a while. He will be paying me back before June is over. We are paying our mortgage off early. I dont batch cook and rarely compare prices at the grocery store. I have no idea how much a gallon of milk costs.
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zibazinski
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Post by zibazinski on May 28, 2014 13:23:51 GMT -5
I've said it once and I'll said it again. As a parent you can do everything right and it turns out wrong or everything wrong and it turns out right. I like this statement. My sins..... I've blown $10K in the last 2-3 months on clothes, hair extensions, Botox and a new Louis Vuitton bag. We are taking multiple vacations this year, which will probably run around $30K. I have a new car (bought last Sept) with all the bells and whistles. We aren't poor and I'm not driving a POS. I dont care about depreciation. I pay $20 a month for XM radio and the navigation thing for my car. I didn't fully fund my IRA. Its not deductible, so IMO no point. I regularly buy first class airfare. I don't stay in fleabag hotels. We have the unlimited everything family plan on our cell phones. We all have smartphones. I didn't throw my kids to the wolves at 18. I valet the car at the airport even though we can park in the employee parking lot for free. I pay $55 a day to kennel my dog. I still help my 22 year old out financially even when he makes stupid choices. While I'm willing to let him suffer a bit, I'm not willing to risk his safety to prove a point. I shelled out $900 for tires for him last week even though he has known he needed tires for a while. He will be paying me back before June is over. We are paying our mortgage off early. I dont batch cook and rarely compare prices at the grocery store. I have no idea how much a gallon of milk costs. Ooh, you are bad!!
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steph08
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Post by steph08 on May 28, 2014 13:36:06 GMT -5
Oh, too many to mention!
I didn't work a job in high school, besides the occasional babysitting gig.
I only worked part-time in college.
My parents paid for my undergraduate degree.
It is a BA in English.
I lived at home, rent-free, during college summer breaks.
I lived at home, rent-free, after college until I got married at 24.
I don't contribute the max to my 403b.
I don't have a Roth.
I financially supported my DH through college when he was 30, even though we didn't get married until 2 months after he lost his job/started back at school.
We owe $30k on DH's student loans (and he went to a state school).
I bought a new car. It's financed.
We're having a kid without a huge emergency fund.
Neither DH nor I make 50k.
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zibazinski
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Post by zibazinski on May 28, 2014 13:38:13 GMT -5
Ack, a YM flunkie!
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skubikky
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Post by skubikky on May 28, 2014 13:41:17 GMT -5
You guys are pretty scummy. Lessee.... 1. We have owned condos at Disney World, both of which are sold. Evil, evil timeshare condos. One we used for eight years, and took a small loss on. The other was the new one which we decided to ditch the same year that we bought it, so we took a smaller loss on it because the years of the timeshare had not been used. Both were on Disney property. 2. I like jewelry. Sometimes, I buy jewelry. I have no use for jewelry. this reminds me of something that Crone would say....love it.
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midjd
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Your Money Admin
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Post by midjd on May 28, 2014 13:48:57 GMT -5
I moved in with DH and didn't even THINK about paying him rent or contributing to his living expenses. I am a mooch. He married me anyway.
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swasat
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Post by swasat on May 28, 2014 13:49:10 GMT -5
Me too!! Twice. Is that another YM sin now??
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swasat
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Post by swasat on May 28, 2014 13:51:28 GMT -5
I moved in with DH and didn't even THINK about paying him rent or contributing to his living expenses. I am a mooch. He married me anyway. See, DH and I never lived together. But he paid for all dates. Every single time. He would refuse even when I insisted. That makes me a mooch too
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midjd
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Your Money Admin
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Post by midjd on May 28, 2014 13:52:09 GMT -5
You tease! Using that poor man for free dinners.
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Sam_2.0
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Post by Sam_2.0 on May 28, 2014 13:53:10 GMT -5
Me too!! Twice. Is that another YM sin now?? No. Two is fine as long as you are married, have well-established careers, and have your retirement fully funded first. Afterall, each parent needs a productive member of society joining the workforce to pay into SS to replace them as they age into retirement. We are planning on 5-6, which is just wasteful of all resources and diverting critical funds from our retirement. We may even that out by make our kids pay rent when they are 11. Haha!
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swasat
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Post by swasat on May 28, 2014 13:54:31 GMT -5
You tease! Using that poor man for free dinners. and for bars and booze and fairs and amusement parks and concerts and events and best of all for free sex.................... See my scumworthy achievements!
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flamingo
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Post by flamingo on May 28, 2014 13:54:34 GMT -5
I financed my entire education (undergrad and law school) I let my parents pay for my car/insurance while in school and never paid them back. I lost my job this past January and collected every cent of unemployment I was allowed to. Due to above job loss, I put my student loan payments on deferment/forbearance thereby letting interest accrue. I moved from small town USA to BIG CITY USA for a job and have spent a small fortune outfitting my apartment. I live 4 blocks from work, paying a premium in rent instead of living an hour commute away to maximize my space for my rent dollars. My emergency fund is LOW (due to outfitting said apartment) I will not be maxing my 401k at this new job for probably a year til I get my new budget figured out. I buy jewelry and clothing and rarely consider the cost (though I did give that up during unemployment) While unemployed, my DH and I kept our nice, pricey apartment, our cell phones, and our starbucks habit. I sold my car back to the dealership when I moved instead of selling private party and making more profit on it. I'm lazy and selling to the dealership was easy.
I suppose I could go on and on, but you get the picture. Mostly, for as much as I feel like I'm bleeding money right now and a financial failure because my EF is decreasing on a daily basis, I'm glad that I had planned well prior to this so that my job loss was just annoying instead of catastrophic. But I still don't consider myself a YM success.
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on May 28, 2014 13:54:38 GMT -5
I forgot one. I am a working parent who occasionally uses her leave time to deal with a sick kid or leave early for kid related things. I don't have any co-workers to on though my work is here when I get back, so maybe my sin isn't as bad?
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The Captain
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Hugs are good...
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Post by The Captain on May 28, 2014 13:56:14 GMT -5
We will likely have to eat a $40-60K loss on the sale of our current primary home. I though real estate prices were only supped so go up.
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Deleted
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Post by Deleted on May 28, 2014 13:59:45 GMT -5
Pfftt, bunch of amateurs! - my wife and I did not get our first PT jobs till college - between the two of us we have ~150k in student loan debt - my wife just bought a brand new 2013 Mini Cooper. We only put 4k down and financed the rest (27k). - we just bought a new house for 320k after all is said and done. - my wife just ordered a $500 coffee table for our living room- we spent 1k on blinds instead of using sheets - I just spent $240 on supplements (protein shake, BCAA, fish oils, multivitamins, etc). - our EF is down to only 2k and we are not freaking out - we are planning a honeymoon/trip to celebrate 6 years anniversary in August - I have 7 phones on my plan and don't charge my parents or siblings. The list could go on but you get the idea
$600
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Deleted
Joined: Oct 9, 2024 16:18:38 GMT -5
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Post by Deleted on May 28, 2014 14:04:50 GMT -5
Wow, where to start. I have CC balances, very little in retirement savings, do not have a 6 month EF and take at least one big vacation a year.
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Cookies Galore
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I don't need no instructions to know how to rock
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Post by Cookies Galore on May 28, 2014 14:13:53 GMT -5
Ooh! I moved in with and married someone with debt! Plus our joint savings is down to $170 because I just paid off the remainder of our wedding/trip costs. But everything was on a 0% card and we still have plenty of money in each of our individual savings accounts, so I guess I earned half a YM point back.
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midjd
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Post by midjd on May 28, 2014 14:19:47 GMT -5
I forgot one. I am a working parent who occasionally uses her leave time to deal with a sick kid or leave early for kid related things. I don't have any co-workers to on though my work is here when I get back, so maybe my sin isn't as bad? I'm a working parent who occasionally uses leave (well, really just 2 state holidays so far... but there is a personal day in my very near future!) to take DD to daycare and then come home to sleep/do housework/relax. Is that YM hell or just parenting hell?
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